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Why Did PRA Group Stock Soar 13.31%?
Generated by AI AgentAinvest Pre-Market Radar
Tuesday, Aug 5, 2025 8:04 am ET1min read
Aime SummaryPRA Group's stock surged 13.31% in pre-market trading on August 5, 2025, driven by strong second-quarter earnings and strategic initiatives.
PRA Group reported a significant beat in its second-quarter earnings, with GAAP earnings per share (EPS) of $1.08, surpassing estimates by $0.42. This impressive performance was largely attributed to a one-time gain from the sale of a Brazilian asset, which boosted cash collections to $536.3 million. The company's revenue also exceeded expectations, reaching $284.23 million, $4.89 million more than anticipated.
In addition to its strong financial performance,
has set ambitious targets for portfolio purchases, aiming to acquire $1.2 billion in new assets. This strategic move is expected to further enhance the company's market position and drive future growth. The company's earnings are projected to grow by 19.05% in the coming year, from $2.10 to $2.50 per share, reflecting investor confidence in its long-term prospects.
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