EZCORP, Inc. (EZPW) Stock

EZCORP, Inc. (EZPW) is a Consumer Discretionary stock trading at $28.75 (as of 2026-08-20), with a market capitalization of $2.40B and a trailing P/E of 13.2. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

EZCORP, Inc. provides pawn lending and related merchandise sales in the United States and Latin America. It offers pawn loans secured by tangible personal property, including jewelry and consumer electronics, and it operates pawn stores in several countries while also providing web-based engagement platforms to manage pawn loans.

Understand EZCORP, Inc.: how it makes money

EZCORP provides pawn loans and related services, using tangible personal property as collateral, and it also sells merchandise that comes from collateral forfeited in pawn lending and from pre-owned items it buys from customers.

Profit is structurally tied to pawn lending economics, where customers pay pawn service charges and the company monetizes forfeited collateral and other pre-owned merchandise through merchandise sales.

Revenue by segment (latest quarter)
U.S.	$0.2B
LatAm	$0.2B

Business quality (Solid): Segment view appears available for U.S. and Latin America, and the dataset includes specific operating-style revenue labels like pawn service charges and merchandise sales, but it does not provide deeper operating drivers (for example, repayment or store-level metrics).

Valuation: At 17× earnings, EZPW trades 10% below the Retail average (19×). Note: one-time items can distort reported P/E.

Bull case

Two revenue streams tied to the same pawn cycle: EZCORP earns from pawn lending-related charges (PSC revenues) and also from selling merchandise that is primarily collateral forfeited from pawn lending plus pre-owned merchandise purchased from customers.
Meaningful geographic diversification: Quarterly revenue is split between U.S. segment revenue (0.23B) and Latin America pawn revenues (0.19B), rather than being concentrated in a single region.

Bear case

Reliance on pawn outcomes and collateral monetization: If customers do not repay pawn loans, the business shifts toward selling forfeited collateral as merchandise, which can add uncertainty versus recurring charge income.
Exposure to Latin America conditions: A substantial portion of revenue comes from the Latin America segment (0.19B in the provided quarter), so regional macro or demand shifts could affect results.

Valuation — source: SEC EDGAR (first-party)
Price	$28.75
Market Cap	$2.40B
P/E Ratio	13.2
EV / EBITDA	8.0
Price / Book	2.05
Price / Sales	1.41
FCF Yield	11.4%
DCF Value (model)	$18.23
DCF Upside vs Price	-36.6%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$1.27B
Net Margin	8.6%
Revenue Growth (YoY)	34.7%
EPS Growth (YoY)	37.8%
FCF Growth (YoY)	37.4%

Financial Health — source: SEC EDGAR
Altman Z-Score	3.47 (safe)

Valuation vs Sector & Industry
Stock P/E	13.2
Sector P/E (Consumer Discretionary)	20.5
Industry P/E (Retail)	19.5
vs Sector	-35.4%
vs Industry	-32.3%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($178.76M)
Institutional Holders Tracked	10

Company
Sector	Consumer Discretionary
Industry	Retail
CEO	Lachlan Given
Employees	8,000
Country	US
IPO Date	1991-08-27

Related Companies (Business model: Brick-and-Mortar Retail (incl. Omnichannel); 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.