ENOVA INTERNATIONAL INC (NYSE:ENVA) – A Strong Growth Stock Meeting Minervini’s Criteria

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ENVA (136.88 ▼ -0.01%)

ENOVA INTERNATIONAL INC (NYSE:ENVA) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template. The company, which provides online financial services, demonstrates strong technical and fundamental characteristics that make it a compelling candidate for growth-focused investors.

ENOVA stock chart

Why ENVA Fits the Minervini Trend Template

Minervini’s strategy focuses on stocks exhibiting strong uptrends, supported by key technical criteria. ENVA meets these requirements:

  • Price Above Key Moving Averages:

    • Current price ($112.80) is above the 50-day ($100.42), 150-day ($100.29), and 200-day ($98.37) moving averages.
    • The 50-day MA is above both the 150-day and 200-day MAs, confirming bullish momentum.

  • Upward-Trending Averages:

    • The 150-day and 200-day moving averages are rising, reinforcing long-term strength.

  • Price Relative to 52-Week Range:

    • ENVA trades within 5% of its 52-week high ($119.06) and is 58% above its 52-week low ($71.59).

  • Strong Relative Strength:

    • With a ChartMill Relative Strength (CRS) score of 89.7, ENVA outperforms nearly 90% of the market.

High Growth Fundamentals

Beyond technical strength, ENVA shows robust growth metrics:

  • Earnings Growth:

    • EPS (TTM) stands at $10.25, up 47% year-over-year.
    • Quarterly EPS growth is strong at 56% (latest quarter), with consistent beats in analyst estimates (4 out of 4 quarters).

  • Revenue Expansion:

    • Revenue (TTM) grew nearly 25% year-over-year.
    • Quarterly sales growth remains solid at 22%, with upward revisions in forward estimates.

  • Profitability Improvements:

    • Profit margins expanded to 17.1% in the latest quarter, up from 14.6% a year ago.
    • Free cash flow per share surged 57% year-over-year to $60.55.

Technical Outlook

ENVA’s technical report highlights:

  • A perfect 10/10 technical rating, reflecting strong price momentum.
  • A setup rating of 5, indicating consolidation after recent gains, which could present an entry opportunity.
  • Support levels near $112.79 and $95.47, with resistance around $115.34-$117.20.

For a deeper technical breakdown, review the full ENVA technical report.

Our High Growth Momentum + Trend Template screener lists more stocks with similar growth and trend characteristics.

Disclaimer

This is not investment advice. Always conduct your own research before making investment decisions.