ENOVA INTERNATIONAL INC (NYSE:ENVA) Fits Mark Minervini's Momentum Growth Strategy

ENOVA INTERNATIONAL INC (NYSE:ENVA) has been identified by a screening process made to find stocks that fit Mark Minervini’s momentum-based growth strategy. This method uses strict technical criteria, known as the Trend Template, along with fundamental growth measurements to find companies showing both solid price trends and good business performance. The strategy focuses on stocks in clear uptrends with speeding earnings, revenue expansion, and getting better margins, aiming for securities that show leadership traits during positive market periods.

ENVA meets Minervini’s Trend Template, a group of technical conditions that help find stocks in solid uptrends. The current price of $119.78 trades well above all key moving averages, the 50-day ($109.16), 150-day ($101.99), and 200-day ($101.90), with each average moving upward, confirming continued positive momentum. The stock is trading within 0.4% of its 52-week high of $120.30 and stands 64% above its 52-week low of $72.87, showing solid momentum and a lack of overhead resistance. Also, its relative strength ranking of 87.77 indicates it is doing better than nearly 88% of the market, a key feature of leading stocks. These technical features are important because they help filter for equities that are not only going up but doing so with steadiness and force, lowering the risk of investing in unstable or falling issues.

On the fundamental side, ENVA shows the high-growth traits needed for continued good performance. Earnings per share (EPS) grew 51.3% over the trailing twelve months, with recent quarterly growth speeding up, 46.2% in the most recent quarter, 56.0% in the prior quarter, and 42.6% two quarters ago. Revenue expansion is also notable, up 23.5% year-over-year, with steady double-digit growth in recent quarters. Profit margins have also been getting larger, reaching 17.2% in the last quarter, up from 10.8% three quarters prior, showing better operational efficiency and pricing ability. The company has beaten EPS estimates in each of the last four quarters by an average of 7.2%, highlighting its capacity to surpass expectations, a common feature among stocks set for further institutional buying.

These fundamental measurements are important within the Minervini framework because they indicate a company that is not only expanding quickly but doing so in a way that draws institutional interest and helps further price gains. Solid earnings revisions, high growth rates, and getting larger margins often come before periods of major stock outperformance, especially when joined with a technically sound chart pattern.

From a technical view, ENVA’s ChartMill Technical Report gives the stock a top rating of 10, showing very good technical health. Both short and long-term trends are positive, and the stock is trading near new highs with solid relative strength against the wider market. Support levels are clear between $91.60 and $109.16, giving defined areas for risk management, while resistance is low, with only a small zone around $119.79. Although the setup rating is currently low because the stock is extended after a recent rise, the overall technical picture stays interesting for investors looking for high-growth momentum choices. For a detailed analysis, review the full technical report here.

ENVA represents an interesting case of a stock that fits both the technical and fundamental parts of Mark Minervini’s strategy. Its solid trend features, joined with excellent growth in earnings, revenue, and profitability, place it as a notable candidate for momentum-focused growth investors. While the current extended price action suggests waiting for a better entry, the basic strength in both price and business performance makes it a stock to monitor.

For readers wanting to look into more stocks that meet this strict growth and momentum criteria, you can access the screen here.

Disclaimer: This is not investment advice. The content provided is for informational and educational purposes only. Always conduct your own research and consider seeking advice from a qualified financial professional before making investment decisions.