Enova International Announces Asset-Backed Notes Offering

Enova International ( (ENVA) ) just unveiled an announcement.

On October 30, 2025, Enova International, Inc. announced that its subsidiary, OnDeck Asset Securitization IV, LLC, plans to offer $261,434,000 in Series 2025-2 Fixed Rate Asset-Backed Notes in a private transaction. The proceeds will be used to purchase small business loans from OnDeck, which will serve as collateral for the notes. The transaction is expected to close around November 13, 2025, with the notes maturing on November 17, 2032. This move is part of Enova’s strategy to leverage its small business loan portfolio, although the notes will not be obligations of Enova or OnDeck, and are offered only to qualified institutional buyers.

The most recent analyst rating on (ENVA) stock is a Buy with a $150.00 price target. To see the full list of analyst forecasts on Enova International stock, see the ENVA Stock Forecast page.

Spark’s Take on ENVA Stock

According to Spark, TipRanks’ AI Analyst, ENVA is a Outperform.

Enova International’s strong financial performance and positive earnings call are the primary drivers of its stock score. The company’s robust revenue growth and effective cash management are significant strengths. However, high leverage and mixed technical indicators slightly temper the overall outlook.

To see Spark’s full report on ENVA stock, click here.

More about Enova International

Enova International, Inc. operates in the financial services industry, primarily focusing on providing online lending solutions. Its subsidiary, OnDeck, specializes in originating and purchasing small business loans, which are used as collateral in securitization transactions.

Average Trading Volume: 276,482

Technical Sentiment Signal: Buy

Current Market Cap: $3.04B

For detailed information about ENVA stock, go to TipRanks’ Stock Analysis page.