enva-8k_20200728.htm
false 0001529864 0001529864 2020-07-28 2020-07-28

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT (Date of Earliest Event Reported):

July 28, 2020

 

ENOVA INTERNATIONAL, INC.

(Exact name of registrant as specified in its charter)

 

 

Delaware

1-35503

45-3190813

(State or other jurisdiction of incorporation)

(Commission File No.)

(IRS Employer Identification No.)

 

175 West Jackson Boulevard

Chicago, Illinois 60604

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code:  (312) 568-4200

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of Each Class

Trading symbol(s)

Name of Exchange of which registered

Common stock, par value $0.00001 per share

ENVA

NYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 

ITEM 2.02RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On July 28, 2020, Enova International, Inc. (the “Company”) issued a press release to announce its consolidated financial results for the three months ended June 30, 2020. A copy of the Company’s press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

The press release includes non-GAAP financial measures as that term is defined in Regulation G. The press release also includes the most directly comparable financial measures calculated and presented in accordance with accounting principles generally accepted in the United States (“GAAP”), information reconciling the non-GAAP financial measures to the GAAP financial measures, and a discussion of the reasons why the Company’s management believes that presentation of the non-GAAP financial measures provides useful information to investors regarding the Company’s financial condition and results of operations. The non-GAAP financial information presented therein should be considered in addition to, not as a substitute for, or superior to, financial measures calculated and presented in accordance with GAAP.

ITEM 7.01 REGULATION FD DISCLOSURE

See Item 2.02 Results of Operations and Financial Condition.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d)Exhibits

The following exhibits are furnished as part of this Report on Form 8-K:

 

Exhibit No.

Description

99.1

Enova International, Inc. press release dated July 28, 2020

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

ENOVA INTERNATIONAL, INC.

 

 

 

 

 

 

Date: July 28, 2020

By:

/s/ Sean Rahilly

 

 

Sean Rahilly

 

 

General Counsel & Secretary

 
Exhibit 99.1

Enova Reports Second Quarter 2020 Results



- Diluted earnings per share from continuing operations grew 78% to $1.58, and adjusted earnings per share rose 73% to $1.68

- Portfolio delinquency rates and the ratio of net charge-offs as a percentage of average combined loan and finance receivables have both stabilized as of June 30 and returned to pre-COVID levels

- At June 30, cash and marketable securities totaled $379 million and available capacity on committed facilities totaled $311 million

- Separately announces intent to acquire On Deck Capital, Inc. in a cash and stock transaction valued at approximately $90 million

CHICAGO, July 28, 2020 /PRNewswire/ -- Enova International (NYSE: ENVA), a leading financial technology and analytics company offering consumer and small business loans and financing, today announced financial results for the second quarter ending June 30, 2020.

"We are pleased with our second quarter results, which came in above the range that we previewed in mid-June," said David Fisher, Enova's CEO. "Our direct online-only business model, world class analytics and technology and deep organizational preparedness for a challenging economy have allowed us to react quickly to the uncertain economic environment facing our country. While COVID-19 has created uncertainty in the short term, we believe the long-term fundamentals of our business remain strong and that we are well positioned to navigate through the downturn and swiftly resume lending efforts once the economy begins to stabilize."

Enova also announced separately today that it has entered into an agreement to acquire all outstanding shares of On Deck Capital, Inc. in a cash and stock transaction valued at approximately $90 million. Further details on the transaction are included in a joint press release that was issued today.

Second Quarter 2020 Summary

"Our financial results this quarter reflect the outstanding work our team has done to stabilize portfolio credit risk while supporting our customers as well as our deep organizational operating and cost discipline," said Steve Cunningham, CFO of Enova. "We remain focused on prudently resuming growth by leveraging our world-class analytics and technology, proven approach to unit economics and solid balance sheet and are well positioned to generate long-term profitable growth as the economy stabilizes and loan demand recovers."

Outlook

Enova is monitoring and adapting quickly to changes in the current environment due to the COVID-19 pandemic. Given the ongoing uncertainties related to virus resurgences, changes in governmental restrictions, potential economic stimulus, employment stabilization, and business reopenings, the Company is not providing guidance for the third quarter or full year 2020.

For information regarding the non-GAAP financial measures discussed in this release, please see "Non-GAAP Financial Measures" and "Reconciliation of GAAP to Non-GAAP Financial Measures" below.

Conference Call

Enova will host a conference call to discuss its second quarter results as well as the acquisition of On Deck Capital, Inc. at 4 p.m. Central Time / 5 p.m. Eastern Time today, Tuesday, July 28th. The live webcast of the call can be accessed at the Enova Investor Relations website at http://ir.enova.com, along with the company's earnings press release and supplemental financial information. The U.S. dial-in for the call is 1-855-560-2575 (1-412-542-4161 for non-U.S. callers). Please ask to join the Enova International call. A replay of the conference call will be available until August 4, 2020, at 10:59 p.m. Central Time / 11:59 p.m. Eastern Time, while an archived version of the webcast will be available on the Enova International Investor Relations website for 90 days. The U.S. dial-in for the conference call replay is 1-877-344-7529 (1-412-317-0088). The replay access code is 10146419.

About Enova

Enova International (NYSE: ENVA) is a leading provider of online financial services to non-prime consumers and small businesses, providing access to credit powered by its advanced analytics, innovative technology, and world-class online platform and services. Enova has provided more than 6 million customers around the globe with access to more than $20 billion in loans and financing. The financial technology company has a portfolio of trusted brands serving consumers, including CashNetUSA®, NetCredit® and Simplic®; two brands serving small businesses, Headway Capital® and The Business Backer®; and offers online lending platform services to lenders. Through its Enova Decisions™ brand, it also delivers on-demand decision-making technology and real-time predictive analytics services to clients. You can learn more about the company and its brands at www.enova.com.

Cautionary Statement Concerning Forward Looking Statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about the business, financial condition and prospects of Enova. These forward-looking statements give current expectations or forecasts of future events and reflect the views and assumptions of Enova's senior management with respect to the business, financial condition and prospects of Enova as of the date of this release and are not guarantees of future performance. The actual results of Enova could differ materially from those indicated by such forward-looking statements because of various risks and uncertainties applicable to Enova's business, including, without limitation, those risks and uncertainties indicated in Enova's filings with the Securities and Exchange Commission ("SEC"), including our annual report on Form 10-K, quarterly reports on Forms 10-Q and current reports on Forms 8-K. These risks and uncertainties are beyond the ability of Enova to control, and, in many cases, Enova cannot predict all of the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. When used in this release, the words "believes," "estimates," "plans," "expects," "anticipates" and similar expressions or variations as they relate to Enova or its management are intended to identify forward-looking statements. Enova cautions you not to put undue reliance on these statements. Enova disclaims any intention or obligation to update or revise any forward-looking statements after the date of this release.

Non-GAAP Financial Measures
In addition to the financial information prepared in conformity with generally accepted accounting principles, or GAAP, Enova provides historical non-GAAP financial information. Management believes that presentation of non-GAAP financial information is meaningful and useful in understanding the activities and business metrics of Enova's operations. Management believes that these non-GAAP financial measures reflect an additional way of viewing aspects of Enova's business that, when viewed with its GAAP results, provide a more complete understanding of factors and trends affecting its business.

Management provides non-GAAP financial information for informational purposes and to enhance understanding of Enova's GAAP consolidated financial statements. Readers should consider the information in addition to, but not instead of or superior to, Enova's financial statements prepared in accordance with GAAP. This non-GAAP financial information may be determined or calculated differently by other companies, limiting the usefulness of those measures for comparative purposes.

Combined Loans and Finance Receivables
The combined loans and finance receivables measures are non-GAAP measures that include loans and finance receivables that Enova owns or has purchased and loans that Enova guarantees. Management believes these non-GAAP measures provide investors with important information needed to evaluate the magnitude of potential receivable losses and the opportunity for revenue performance of the loans and finance receivable portfolio on an aggregate basis. Management also believes that the comparison of the aggregate amounts from period to period is more meaningful than comparing only the amounts reflected on Enova's consolidated balance sheet since revenue is impacted by the aggregate amount of receivables owned by Enova and those guaranteed by Enova as reflected in its consolidated financial statements.

Adjusted Earnings Measures
In addition to reporting financial results in accordance with GAAP, Enova has provided adjusted earnings and adjusted earnings per share, or, collectively, the Adjusted Earnings Measures, which are non-GAAP measures. Management believes that the presentation of these measures provides investors with greater transparency and facilitates comparison of operating results across a broad spectrum of companies with varying capital structures, compensation strategies, derivative instruments and amortization methods, which provides a more complete understanding of Enova's financial performance, competitive position and prospects for the future. Management also believes that investors regularly rely on non-GAAP financial measures, such as the Adjusted Earnings Measures, to assess operating performance and that such measures may highlight trends in Enova's business that may not otherwise be apparent when relying on financial measures calculated in accordance with GAAP. In addition, management believes that the adjustments shown below are useful to investors in order to allow them to compare Enova's financial results during the periods shown without the effect of each of these expense items.

Adjusted EBITDA Measures
In addition to reporting financial results in accordance with GAAP, Enova has provided Adjusted EBITDA and Adjusted EBITDA margin, or, collectively, the Adjusted EBITDA measures, which are non-GAAP measures. Adjusted EBITDA is a non-GAAP measure that Enova defines as earnings excluding depreciation, amortization, interest, foreign currency transaction gains or losses, taxes and stock-based compensation. In addition, management believes that the adjustments for lease termination and cease-use costs and losses on early extinguishment of debt shown below are useful to investors in order to allow them to compare our financial results during the periods shown without the effect of the expense items. Adjusted EBITDA margin is a non-GAAP measure that Enova defines as Adjusted EBITDA as a percentage of total revenue. Management believes Adjusted EBITDA Measures are used by investors to analyze operating performance and evaluate Enova's ability to incur and service debt and Enova's capacity for making capital expenditures. Adjusted EBITDA Measures are also useful to investors to help assess Enova's estimated enterprise value.

ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(dollars in thousands, except per share data)

(Unaudited)






June 30,

December 31,


2020

2019

2019

Assets











Cash and cash equivalents(1)

$

321,472

$

33,849

$

35,895

Restricted cash(1)

43,547


20,796


45,069

Loans and finance receivables at fair value(1)

799,662


—


—

Loans and finance receivables at amortized cost, net(1)

—


829,458


1,062,650

Income taxes receivable

10,510


9,101


32,859

Other receivables and prepaid expenses(1)

28,541


33,355


31,643

Property and equipment, net

60,030


48,985


54,540

Operating lease right-of-use assets

20,302


20,490


19,586

Goodwill

267,868


267,013


267,013

Intangible assets, net

1,650


2,720


2,185

Other assets(1)

25,391


11,761


22,912

Assets from discontinued operations

—


112,771


—

Total assets

$

1,578,973

$

1,390,299

$

1,574,352

Liabilities and Stockholders' Equity











Accounts payable and accrued expenses(1)

$

87,691

$

107,765

$

122,163

Operating lease liabilities

35,605


37,403


35,712

Deferred tax liabilities, net

72,869


42,451


48,683

Long-term debt(1)

906,588


785,504


991,181

Liabilities from discontinued operations

—


10,723


—

Total liabilities

1,102,753


983,846


1,197,739

Commitments and contingencies











Stockholders' equity:











Common stock, $0.00001 par value, 250,000,000
shares authorized, 36,179,966, 35,671,114 and
35,764,943 shares issued and 30,101,689, 33,989,158
and 32,974,714 outstanding as of June 30, 2020 and
2019 and December 31, 2019, respectively

—


—


—

Preferred stock, $0.00001 par value, 25,000,000
shares authorized, no shares issued and outstanding

—


—


—

Additional paid in capital

71,100


56,910


63,791

Retained earnings

525,108


396,149


372,681

Accumulated other comprehensive loss

(8,599)


(14,774)


(3,066)

Treasury stock, at cost (6,078,277, 1,681,956 and 2,790,229 shares as of June 30, 2020 and 2019 and December 31, 2019, respectively)

(111,389)


(31,832)


(56,793)

Total stockholders' equity

476,220


406,453


376,613

Total liabilities and stockholders' equity

$

1,578,973

$

1,390,299

$

1,574,352








(1)

Includes amounts in wholly owned, bankruptcy-remote special purpose subsidiaries ("VIEs") presented separately in the table below.

ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(dollars in thousands, except per share data)

(Unaudited)


The following table presents the aggregated assets and liabilities of consolidated VIEs, which are included in the Consolidated Balance Sheets above. The assets in the table below may only be used to settle obligations of consolidated VIEs and are in excess of those obligations.




June 30,

December 31,


2020

2019

2019

Assets of consolidated VIEs, included in total assets above











Cash and cash equivalents

$

525

$

420

$

420

Restricted cash

41,235


20,796


42,354

Loans and finance receivables at fair value

404,734


—


—

Loans and finance receivables at amortized cost, net (includes
allowance for losses of $31,522 and $38,540 as of June 30, 2019
and December 31, 2019, respectively)

—


306,322


420,690

Other receivables and prepaid expenses

4,893


6,671


9

Other assets

2,102


2,530


2,161

Total assets

$

453,489

$

336,739

$

465,634

Liabilities of consolidated VIEs, included in total liabilities above











Accounts payable and accrued expenses

$

2,180

$

2,410

$

3,171

Long-term debt

290,993


171,931


304,598

Total liabilities

$

293,173

$

174,341

$

307,769

ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

(in thousands, except per share data)

(Unaudited)

Three Months Ended

Six Months Ended


June 30,

June 30,


2020

2019

2020

2019

Revenue

$

253,061

$

259,445

$

615,313

$

523,883

Change in Fair Value

(120,672)


—


(356,391)


—

Cost of Revenue

—


(123,433)


—


(242,291)

Net Revenue/Gross Profit

132,389


136,012


258,922


281,592

Expenses















Marketing

2,988


25,861


37,546


44,922

Operations and technology

16,504


20,057


47,770


40,636

General and administrative

22,336


28,244


50,287


57,295

Depreciation and amortization

4,004


3,681


7,674


7,615

Total Expenses

45,832


77,843


143,277


150,468

Income from Operations

86,557


58,169


115,645


131,124

Interest expense, net

(20,372)


(18,116)


(40,753)


(37,618)

Foreign currency transaction (loss) gain

(18)


(35)


23


(178)

Loss on early extinguishment of debt

—


—


—


(2,321)

Income before Income Taxes

66,167


40,018


74,915


91,007

Provision for income taxes

18,141


9,392


21,141


21,402

Net income from continuing operations

48,026


30,626


53,774


69,605

Net loss from discontinued operations

—


(5,563)


(288)


(9,525)

Net Income

$

48,026

$

25,063

$

53,486

$

60,080

Earnings Per Share:















Earnings per common share – basic:















Continuing operations

$

1.59

$

0.91

$

1.72

$

2.07

Discontinued operations

—


(0.17)


(0.01)


(0.29)

Earnings per common share – basic

$

1.59

$

0.74

$

1.71

$

1.78

Earnings per common share – diluted:















Continuing operations

$

1.58

$

0.89

$

1.70

$

2.02

Discontinued operations

—


(0.16)


(0.01)


(0.28)

Earnings per common share – diluted

$

1.58

$

0.73

$

1.69

$

1.74

Weighted average common shares outstanding:















Basic

30,203


33,826


31,270


33,660

Diluted

30,352


34,469


31,592


34,451

ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW

(dollars in thousands)

(Unaudited)

Six Months Ended June 30,


2020

2019

Cash flows provided by operating activities







Cash flows from operating activities - continuing operations

$

483,734

$

386,061

Cash flows from operating activities - discontinued operations

(288)


28,698

Total Cash flows provided by operating activities

483,446


414,759

Cash flows used in investing activities







Loans and finance receivables

(41,092)


(286,915)

Acquisitions

(3,597)


—

Purchases of property and equipment

(12,716)


(9,994)

Other investing activities

57


2

Cash flows from investing activities - continuing operations

(57,348)


(296,907)

Cash flows from investing activities - discontinued operations

—


(22,229)

Total cash flows used in investing activities

(57,348)


(319,136)

Cash flows used in financing activities

(141,892)


(83,826)

Effect of exchange rates on cash, cash equivalents and restricted cash

(151)


(591)

Net increase in cash, cash equivalents and restricted cash

284,055


11,206

Less: increase in cash, cash equivalents and restricted cash from discontinued operations

—


(6,844)

Change in cash, cash equivalents and restricted cash from continuing operations

284,055


4,362

Cash, cash equivalents and restricted cash at beginning of year

80,964


50,283

Cash, cash equivalents and restricted cash at end of period

$

365,019

$

54,645

ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES

LOANS AND FINANCE RECEIVABLES FINANCIAL AND OPERATING DATA

(dollars in thousands)


The following table shows loans and finance receivables and related fair value/loan loss activity, which is based on loan and finance receivable balances, for continuing operations for the three months ended June 30, 2020 and 2019.


Three Months Ended June 30,

2020

2019

Change

Ending combined loan and finance receivable principal balance:











Company owned

$

767,604

$

878,576

$

(110,972)

Guaranteed by the Company(a)

5,195


21,372


(16,177)

Total combined loan and finance receivable principal balance(b)

$

772,799

$

899,948

$

(127,149)

Ending combined loan and finance receivable fair value balance:











Company owned

$

799,662


N/A


N/A

Guaranteed by the Company(a)

6,614


N/A


N/A

Ending combined loan and finance receivable fair value balance(b)

$

806,276


N/A


N/A

Fair value as a % of principal(c)

104.3

%







Ending combined loan and finance receivable balance, including principal 
     and accrued fees/interest outstanding:











Company owned

$

816,905

$

945,881

$

(128,976)

Guaranteed by the Company(a)

6,054


21,463


(15,409)

Ending combined loan and finance receivable balance(b)

$

822,959

$

967,344

$

(144,385)

Ending allowance for loan losses (prior to FVO adoption)

 N/A

$

51,419


N/A


Allowance for losses as a % of combined loan and finance receivable balance(c)

N/A




5.3

%

N/A


Average combined loan and finance receivable balance, including      
     principal and accrued fees/interest outstanding:











Company owned(d)

$

972,181

$

893,181

$

79,000

Guaranteed by the Company(a)(d)

7,553


21,486


(13,933)

Average combined loan and finance receivable balance(b)(d)

$

979,734

$

914,667

$

65,067













Revenue

$

251,702

$

259,201

$

(7,499)

Change in fair value/cost of revenue

(120,672)


(123,433)


2,761

Net revenue/gross profit

131,030


135,768


(4,738)

Net revenue margin/gross profit margin

52.1

%

52.4

%

(0.3)

%

Change in fair value/cost of revenue as a % of average loan and finance
      receivable balance(d)

12.3

%

13.5

%

(1.2)

%











Delinquencies:











>30 days delinquent

$

36,797

$

49,974

$

(13,177)

>30 days delinquent as a % of loan and finance receivable balance(c)

4.5

%

5.2

%

(0.7)

%











Charge-offs:











Charge-offs (net of recoveries)

$

155,975

$

108,254

$

47,721

Charge-offs (net of recoveries) as a % of average loan and finance receivable balance(d)

15.9

%

11.8

%

4.1

%






(a)  

Represents loans originated by third-party lenders through the CSO programs, which are not included in our consolidated balance sheets.

(b)  

Non-GAAP measure.

(c)   

Determined using period-end balances.

(d)  

The average combined loan and finance receivable balance is the average of the month-end balances during the period.


ENOVA INTERNATIONAL, INC. AND SUBSIDIARIES

RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

(dollars in thousands, except per share data)


Adjusted Earnings Measures




Three Months Ended

Six Months Ended


June 30,

June 30,


2020

2019

2020

2019

Net income from continuing operations

$

48,026

$

30,626

$

53,774

$

69,605

Adjustments:















Lease termination and cease-use costs(a)

—


—


—


726

Loss on early extinguishment of debt(b)

—


—


—


2,321

Intangible asset amortization

268


267


535


535

Stock-based compensation expense

3,660


3,323


7,120


6,397

Foreign currency transaction loss (gain)

18


35


(23)


178

Cumulative tax effect of adjustments

(929)


(843)


(1,797)


(2,362)

Discrete tax adjustments(c)

—


—


—


(141)

















Adjusted earnings

$

51,043

$

33,408

$

59,609

$

77,259

















Diluted earnings per share

$

1.58

$

0.89

$

1.70

$

2.02

















Adjusted earnings per share

$

1.68

$

0.97

$

1.89

$

2.24

Adjusted EBITDA

Three Months Ended

Six Months Ended


June 30,

June 30,


2020

2019

2020

2019

Net income from continuing operations

$

48,026

$

30,626

$

53,774

$

69,605

Depreciation and amortization expenses

4,004


3,681


7,674


7,615

Interest expense, net

20,372


18,116


40,753


37,618

Foreign currency transaction loss (gain)

18


35


(23)


178

Provision for income taxes

18,141


9,392


21,141


21,402

Stock-based compensation expense

3,660


3,323


7,120


6,397

Adjustments:















Lease termination and cease-use costs(a)

—


—


—


370

Loss on early extinguishment of debt(b)

—


—


—


2,321

















Adjusted EBITDA

$

94,221

$

65,173

$

130,439

$

145,506

















Adjusted EBITDA margin calculated as follows:















Total Revenue

$

253,061

$

259,445

$

615,313

$

523,883

Adjusted EBITDA

94,221


65,173


130,439


145,506

Adjusted EBITDA as a percentage of total revenue

37.2

%

25.1

%

21.2

%

27.8

%






(a) 

In the first quarter of 2019, the Company recorded impairment charges of $0.4 million ($0.3 million net of tax) to operating right-of-use lease assets and $0.3 million ($0.3 million net of tax) to leasehold improvement assets related to its decision to cease use and sublease a portion of a leased office space.

(b) 

In the first quarter of 2019, the Company recorded a loss on early extinguishment of debt of $2.3 million ($1.8 million net of tax) related to the repurchase of $44.1 million principal amount of securitization notes.

(c) 

In the first quarter of 2019, the Company recognized $0.1 million of interest income on a tax refund received as a result of the U.S. Tax Cuts and Jobs Act.



CONTACT: Public Relations Contact: Kaitlin Lowey, Email: media@enova.com; Investor Relations Contact: Monica Gould, Office: (212) 871-3927, Email: IR@enova.com

v3.20.2
Document And Entity Information
Jul. 28, 2020
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Jul. 28, 2020
Entity Registrant Name ENOVA INTERNATIONAL, INC.
Entity Central Index Key 0001529864
Entity Emerging Growth Company false
Entity File Number 1-35503
Entity Incorporation, State or Country Code DE
Entity Tax Identification Number 45-3190813
Entity Address, Address Line One 175 West Jackson Boulevard
Entity Address, City or Town Chicago
Entity Address, State or Province IL
Entity Address, Postal Zip Code 60604
City Area Code 312
Local Phone Number 568-4200
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of Each Class Common stock, par value $0.00001 per share
Trading symbol(s) ENVA
Name of Exchange of which registered NYSE