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→Stable
- Strong Growth Trajectory→Stable
- Fcf Conversion Red Flag→Stable
- +1 more pillar — see the Why tab for full reasoning
EZCORP, Inc. (EZPW) Stock Analysis
Catalyst-Driven edge
Financial Services · Credit Services
Hold if already holding. Not a fresh buy at $33.86, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Near 52-week high (4.1% away).
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 $33.86, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Near 52-week high (4.1% away). Chart setup: No clear chart pattern; technical signals are mixed. Maintain position. Not compelling to add more. Score 6.4/10, moderate confidence.
Passes 7/8 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 26d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. 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
updated 2026-07-06Recent Developments — EZCORP, Inc.
Latest news
- NEWS Are You Looking for a Top Momentum Pick? Why Ezcorp (EZPW) is a Great Choice - Yahoo Finance — Yahoo Finance positive
- NEWS Insider Decision: Jason A Kulas Offloads $671K Worth Of EZCORP Stock - Benzinga — Benzinga negative
- NEWS Ezcorp director Jason Kulas sells $671,216 in stock By Investing.com - Investing.com Canada — Investing.com Canada negative
- NEWS [Form 4] EZCORP INC Insider Trading Activity - Stock Titan — Stock Titan negative
- NEWS Ezcorp (EZPW) Q2 Earnings and Revenues Beat Estimates - Yahoo Finance — Yahoo Finance positive
Generated 2026-07-06T04:20:33Z.
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.
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Rating Breakdown
1 floor-breaker·1 ceiling hit
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $33.86, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Near 52-week high (4.1% away). Chart setup: No clear chart pattern; technical signals are mixed. Maintain position. Not compelling to add more. Target $35.40 (+4.5%), stop $33.10 (−2.3%), A.R:R -0.2:1. Score 6.4/10, moderate confidence.
Take-profit target: $35.40 (-0.5% upside). Target $35.40 (+4.5%), stop $33.10 (−2.3%), A.R:R -0.2:1. Stop-loss: $33.10.
Analyst target reached - limited upside remaining; Near 52-week high (4.1% away); Elevated risk factors.
EZCORP, Inc. trades at a P/E of 19.2 (forward 16.6). TrendMatrix value score: 7.1/10. Verdict: Hold.
13 analysts cover EZPW with a consensus score of 4.0/5. Average price target: $40.
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