FirstCash

The stock of FirstCash rose to a new all-time high of $236.36; year-to-date the return is 42% and over one year 57%. InvestingPro currently rates the stock as overvalued relative to its fair-value estimate, while FirstCash reports revenue growth of 22% in the last twelve months. The company announced the planned acquisition of Ramsdens for around $273 million (600 pence per share plus up to 9 pence interim dividend) and, after shareholder approval, moved its registered office from Delaware to Texas. » More on de.investing.com

FirstCash reports Q2 record results: revenue rose 29% to $1.07 billion, diluted EPS climbed to $2.12 and adjusted EPS was $2.50 (expectation $2.39). Adjusted net income grew 38% to $110.1 million and adjusted EBITDA rose 39% to $201.4 million. Management raised its outlook for the pawn segment, expects further growth in 2026 (including a mid‑teens increase in US pawn fees and a 10–15% rise in used merchandise sales) and is considering an acquisition of Ramsdens; the board approved a quarterly dividend of $0.42 and a new $150 million share buyback program. » More on deraktionaer.de

FirstCash has increased its cash offer for Ramsdens from 600 to 675 pence per share, valuing Ramsdens’ fully diluted equity at about £232 million. Shareholders are entitled to up to 684 pence per share including permitted dividends (6 pence interim dividend plus 3 pence special dividend). The offer is described as final but may be increased in the event of competing bids; the Ramsdens board unanimously recommends the scheme of arrangement and FirstCash intends to fund the acquisition via its revolving credit facility with bridge financing of up to £239 million. » More on de.investing.com