EZPW combines attractive valuation and roughly 46% year-over-year earnings growth with four consecutive quarters of nearly 30%-average positive surprises, but near-zero free cash flow conversion — with free cash flow at just 1% of net income — and a 24% short float introduce material quality and sentiment risk that limit the current setup to a cautious hold.
Thesis pillars
- Earnings Outperformance Streak↓Deteriorating
- Strong Growth Trajectory→Stable
- Fcf Conversion Red Flag→Stable
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Nov 13, 2025· older than 90 days
EZCORP, Inc. (EZPW) Stock Analysis
Catalyst-Driven edge
Financial Services · Credit Services
Hold if already holding. Not a fresh buy at $29.52, but acceptable to hold if already in. Reasons: Negative momentum; Elevated risk factors.
EZCORP operates 1,360 pawn stores under brands including EZPAWN and Value Pawn & Jewelry in the U.S. and Empeño Fácil and Cash Apoyo Efectivo in Mexico and Central America, making it the second largest U.S. pawn operator by store count. Revenue comes primarily from pawn service... Read more
Hold if already holding. Not a fresh buy at $29.52, but acceptable to hold if already in. Reasons: Negative momentum; Elevated risk factors. Chart setup: No clear chart pattern; technical signals are mixed. Maintain position. Not compelling to add more. Score 6.6/10, high confidence.
Passes 6/8 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum. Suitability: aggressive.
About EZCORP, Inc.
About EZCORP, Inc.
With 1,360 pawn stores spanning the United States, Mexico, Guatemala, El Salvador, and Honduras at September 30, 2025, EZCORP generated pawn service charges equal to approximately 37% of total revenues and 64% of gross profit for fiscal 2025, with a closing pawn loans outstanding balance of $307.5 million. The company employs approximately 8,500 Team Members — roughly 3,700 in the United States, 3,800 in Mexico, and 1,000 in Central America. By store count, EZCORP ranks as the second largest pawn store operator in the United States.
EZCORP earns revenue through three streams: pawn service charges on outstanding loans, merchandise sales of forfeited or purchased collateral, and jewelry scrapping. The pawn model advances cash secured by tangible personal property — primarily jewelry, consumer electronics, tools, and sporting goods — with no credit scoring required. Monthly PSC rates vary by jurisdiction: 12% to 25% in the United States, 15% to 21% in Mexico, and 12% to 18% in Guatemala, El Salvador, and Honduras. United States transactions average $200 to $220 per pawn, while Mexico transactions average the equivalent of $70 to $85 at fiscal 2025 exchange rates. Revenue mix is shaped materially by gold: gold jewelry forms a large portion of collateral and inventory, so PSC income, sale proceeds, and inventory liquidation margins all depend partly on prevailing gold prices and transaction volumes. Latin America stores (815 locations, or 60% of the total portfolio) contributed 26% of consolidated gross profit in fiscal 2025, reflecting smaller average store scale than in the United States. The company also holds a 43.7% equity stake in Cash Converters International, an ASX-listed franchised pawn and personal finance operator across 659 stores in 15 countries, accounted for under the equity method.
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Texas and Florida together account for more than 62% of EZCORP's United States store count — 45% in Texas and 17% in Florida — and a significant portion of United States revenues and profitability, per the 10-K. The same filing notes that both states are particularly susceptible to hurricane and tropical storm activity, and that a negative legislative or regulatory change in either state could have a material adverse effect on overall operations and financial performance. This single-country-within-U.S. concentration sits alongside a broader Latin America exposure subject to political instability, currency volatility, and foreign exchange translation risk across the Mexican peso, Guatemalan quetzal, and Honduran lempira.
See also: Financial Services · Credit Services
From EZCORP, Inc.'s most recent 10-K filing, extracted June 10, 2026.
Recent developments
No fresh coverage since Oct 20, 2026
Recent Developments — EZCORP, Inc.
Latest news
- NEWS Canaccord raises target for EZCORP stock to USD 45.00 from USD 44.00 - AD HOC NEWS — AD HOC NEWS Oct 20, 2026 positive
- NEWS EZCORP (EZPW) Stock May Be Overvalued Following Its 328% Run - Simply Wall Street — Simply Wall Street Oct 20, 2026 negative
- NEWS Why EZCORP’s Hot Stock Is Suddenly Cooling - TipRanks — TipRanks Oct 17, 2026 negative
- NEWS EZCORP Q3 FY2026 earnings: Revenue rises 35% as Latin America accelerates - TradingKey — TradingKey Aug 5, 2026 positive
- NEWS Earnings Flash (EZPW) EZCORP, Inc. Posts Q3 Adjusted EPS $0.47 per Share, vs. FactSet Est of $0.41 - marketscreener.com — marketscreener.com Aug 5, 2026 positive
Latest item Oct 20, 2026 · Generated 2026-11-05T11:29:00Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMGeographicTexas and Florida10-K Item 1A: 'more than 62% of our U.S. pawn stores were located in Texas (45%) and Florida (17%), and those stores account for a significant portion of our revenues and profitability'
- MEDIUMCommoditygold jewelry10-K Item 1A: 'Gold jewelry comprises a large portion of the collateral security for our pawn loans and our inventory'
- MEDIUMGeographicLatin America26%10-K Item 1: 'the Latin America stores represented 26% of our consolidated gross profit'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
1 floor-breaker·1 ceiling hit
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $29.52, but acceptable to hold if already in. Reasons: Negative momentum; Elevated risk factors. Chart setup: No clear chart pattern; technical signals are mixed. Maintain position. Not compelling to add more. Analyst target $35.67 (+20.8%), stop $27.45 (−7.5%), A.R:R 2.2:1. Score 6.6/10, high confidence.
Analyst target: $35.67 (+20.8% upside). Analyst target $35.67 (+20.8%), stop $27.45 (−7.5%), A.R:R 2.2:1. Stop-loss: $27.45.
Negative momentum; Elevated risk factors.
EZCORP, Inc. trades at a P/E of 14.8 (forward 13.3). TrendMatrix value score: 8.4/10. Verdict: Hold.
12 analysts rate EZPW, with a consensus score of 4.1/5. 5 analysts publish price targets averaging $41.
What does EZCORP, Inc. do?EZCORP operates 1,360 pawn stores under brands including EZPAWN and Value Pawn & Jewelry in the U.S. and Empeño Fácil...
EZCORP operates 1,360 pawn stores under brands including EZPAWN and Value Pawn & Jewelry in the U.S. and Empeño Fácil and Cash Apoyo Efectivo in Mexico and Central America, making it the second largest U.S. pawn operator by store count. Revenue comes primarily from pawn service charges (37% of total revenues in fiscal 2025), merchandise sales of forfeited collateral, and jewelry scrapping, with a closing pawn loans outstanding balance of $307.5 million at September 30, 2025. The company also holds a 43.7% equity stake in Cash Converters International, an ASX-listed pawn operator across 15 coun