Stock Track | PRA Group Soars 5.66% Pre-Market on Record Portfolio Purchases and Strong Q4 Earnings

Stock Track

Feb 20, 2025

PRA Group Inc (NASDAQ:PRAA) stock surged 5.66% in the pre-market session on Thursday, following the release of its strong fourth-quarter 2024 earnings results. The debt collector reported record portfolio purchases and robust cash collections growth, fueling investor optimism.

The company achieved a significant milestone with $1.4 billion in portfolio purchases for the full year 2024, marking a 22% increase year-over-year. Cash collections also climbed 13% to $1.9 billion, driven by recent acquisitions and operational initiatives.

PRA Group's financial performance exceeded Wall Street expectations, with net income reaching $71 million for the year, translating to $1.79 in diluted earnings per share. Revenue soared 39% year-over-year to $1.1 billion, reflecting the company's strong momentum and growth strategies.

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The debt collector reported record portfolio purchases and robust cash collections growth, fueling investor optimism.</p>\n\n<p>The company achieved a significant milestone with $1.4 billion in portfolio purchases for the full year 2024, marking a 22% increase year-over-year. Cash collections also climbed 13% to $1.9 billion, driven by recent acquisitions and operational initiatives.</p>\n\n<p>PRA Group's financial performance exceeded Wall Street expectations, with net income reaching $71 million for the year, translating to $1.79 in diluted earnings per share. Revenue soared 39% year-over-year to $1.1 billion, reflecting the company's strong momentum and growth strategies.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PRAA","symbol_name":"Pra Group Inc","start_time":0,"source_url":"","article_id":"1175512192","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1175512192","pubTimestamp":1740042933,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"PRA Group Inc  stock surged 5.66% in the pre-market session on Thursday, following the release of its strong fourth-quarter 2024 earnings results. 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