Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Oportun Financial ( (OPRT) ) has shared an update.
Oportun Financial Corporation has completed the sale of its credit card receivables to Continental Finance, and reported its third-quarter financial results with a focus on cost reduction and improved credit performance. Despite a 7% drop in total revenue compared to the previous year, the company achieved significant improvements in its financial metrics, including a 17% decrease in operating expenses and doubling its Adjusted EBITDA to $31 million. With these advancements, Oportun is poised to enhance profitability and resume growth, aiming for GAAP profitability and improved credit performance in 2025.
For a thorough assessment of OPRT stock, go to TipRanks’ Stock Analysis page.
