Enova International, Inc. (NYSE: ENVA) announced on November 10, 2026, that its Board of Directors has authorized a new share repurchase program. The program authorizes the company to repurchase up to $500 million of its outstanding common stock. This authorization is valid until June 30, 2028.
The new program will replace Enova’s existing $400 million repurchase authorization, which was set to expire on June 30, 2027. The company stated that the new authorization is the largest in its history.
Enova indicated that repurchases will be conducted in accordance with applicable securities laws. These transactions may be executed in the open market, through privately negotiated transactions, or through other means. The company emphasized that the program does not obligate it to purchase any shares and that the Board retains the discretion to terminate, increase, or decrease the authorization at any time.
Scott Cornelis, Enova’s Chief Financial Officer, commented on the announcement. He stated that the authorization reflects the Board’s confidence in the strength of the business model and the growth opportunities ahead. Cornelis noted that the company’s balance sheet and liquidity position remain strong, providing the financial flexibility to support both continued business investments and share repurchases.
