Fintech Atlanticus' Q3 revenue beats on Mercury Financial acquisition boost
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Atlanticus reported a 41.1% year-over-year revenue growth in Q3, surpassing analyst expectations, driven by the $166.5 million acquisition of Mercury Financial, which added $3.2 billion in receivables. However, adjusted EPS fell short of forecasts. The company anticipates continued growth in managed receivables through 2026, despite rising interest expenses. Analysts maintain a "buy" rating on the stock, with a median 12-month price target of $87.50, reflecting a potential 38.3% upside from its recent trading price of $54.01.
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