Oportun Announces Definitive Agreement to Sell its Credit Card Portfolio [Yahoo! Finance]
Oportun Financial Corporation - common stock (OPRT)
Last oportun financial corporation - common stock earnings: 2/27 04:05 pm
Check Earnings Report
Company Research
Source: Yahoo! Finance
The closing date is now anticipated to be on or around November 10, 2024, rather than by the end of the third quarter as indicated on the August 8 th second quarter earnings call. Due to the revised closing date, the sale is expected to be accretive by approximately $2 million to Adjusted EBITDA in 2024 as compared to the $4 million previously indicated. Oportun continues to expect that the transaction will result in Adjusted EBITDA favorability of approximately $11 million in 2025. "We're pleased to have signed a definitive agreement to sell our credit card portfolio to Continental Finance, a leading U.S. credit card marketer and servicer," said Jonathan Coblentz, Chief Financial Officer & Chief Administrative Officer of Oportun. "This transaction underscores our commitment to focus on winning in the marketplace with our core product lines, thereby enhancing the value we can deliver to our shareholders." Tamer El-Rayess, Continental Finance's Chairman of the Board, said "Contine
Show less
Read more
Impact Snapshot
Event Time:
OPRT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
OPRT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
OPRT alerts
High impacting Oportun Financial Corporation - common stock news events
Weekly update
A roundup of the hottest topics
OPRT
News
- Oportun Holiday Savings Report Reveals Consumers Saved More For This Holiday Season [Yahoo! Finance]Yahoo! Finance
- Oportun Holiday Savings Report Reveals Consumers Saved More For This Holiday SeasonGlobeNewswire
- Oportun Financial Corp (OPRT) Q3 2024 Earnings Call Highlights: Profitability Surges Amid ... [Yahoo! Finance]Yahoo! Finance
- Oportun Financial Corporation (OPRT) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Oportun Financial (OPRT) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates [Yahoo! Finance]Yahoo! Finance
OPRT
Earnings
- 11/12/24 - Beat
OPRT
Analyst Actions
- 9/24/24 - Singular Research
OPRT
Sec Filings
- 11/22/24 - Form 8-K
- 11/21/24 - Form SC
- 11/20/24 - Form SC
- OPRT's page on the SEC website