The core business (ex one-time gains) shows strong growth from the Mercury acquisition and organic expansion. Monitor the trajectory of charge-offs and fair value adjustments, which increased significantly, and the pace of integration benefits from the Mercury portfolio. The sale of the Auto Finance business simplifies the story, but the elevated provision for credit losses and fair value losses warrant attention.
How the stock moved after the report
NEUTRAL VIEWSTOCK BELOW ENTRY AT T+1- T+0 · Nov 6 $91.23entry
- T+1 · yesterday −11.08%α −13.45% · $81.12
- T+2 · todayOpen
- T+5 · in 3d Pending
- T+20 · in 27d Pending
- T+60 · in 3mo Pending
Price Chart
How similar events traded
Executive Summary
Atlanticus Holdings reported Q3 2026 adjusted EPS of $3.00, slightly above the $2.97 consensus, and total revenue of $775.9M, below the $781.3M estimate. Net income surged 310% YoY to $93M, boosted by a $27.5M gain on the sale of the MERCURY word mark and $20.1M gain from the sale of its Auto Finance business. Excluding these one-time items, adjusted net income was $57M, reflecting strong underlying growth from the Mercury acquisition and expanded credit card receivables.
Key Financial Metrics
Key Facts
- Adjusted EPS of $3.00 vs consensus $2.97 (beat by 1.0%)
- Total operating revenue $775.9M vs consensus $781.3M (miss by 0.7%)
- Revenue grew 60.1% YoY to $775.9M, driven by the Mercury acquisition
- Net income attributable to common shareholders $93.0M, up 310.4% YoY
- GAAP diluted EPS $4.87 vs $1.21 YoY; adjusted diluted EPS $3.00 vs $1.50 YoY
- Managed receivables $7.1B, up 8.0% YoY
- Purchase volume $1.77B, up 48.5% YoY
- Total accounts served 6.7M, up 18.1% YoY
- Return on average equity 49.2%; adjusted return 30.1%
- Completed sale of Auto Finance business for $71.2M and sale of MERCURY word mark for $27.5M
Financial Impact
Adjusted net income $57.0M, up from $22.7M GAAP net income attributable to common shareholders in Q3 2025; revenue $775.9M vs $484.6M YoY
Risk Factors
- Interest expense rose 57% YoY to $118M, driven by higher debt and borrowing costs
- Changes in fair value of loans increased to $418.3M loss vs $276.9M YoY, reflecting higher charge-offs on a larger receivable base
- Revenue slightly missed consensus ($775.9M vs $781.3M)
- One-time gains ($47.6M pre-tax) inflated reported net income; adjusted earnings are lower
- Forward-looking statements caution about macroeconomic risks and integration uncertainties
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3397152 |
Track record
20 reports on ATLC
3 of 3 bullish or bearish reports moved the stock their way by T+60. Best: +11.91% at T+60 after the Jun 30, 2026 report. 3 of 3 went positive at some point.
Filters
- Nov 10, 2026today S-3 Neutral 3/10 Entry $81.56 Now $79.69 −2.29% settles Feb 9
- Nov 10, 2026today Press Release Neutral 2/10 Entry $79.69 Now $79.69 +0.00% settles Feb 9
- Nov 5, 20265d ago Press Release Neutral 5/10 Viewing Entry $91.23 Now $79.69 −12.65% settles Feb 4
- Nov 3, 20267d ago Press Release Neutral 2/10 Entry $99.75 Now $79.69 −20.11% settles Feb 2
- Oct 29, 202612d ago Press Release Neutral 2/10 Entry $93.46 Now $79.69 −14.73% settles Jan 28
- Oct 6, 20265w ago 8-K Neutral 4/10 Entry $94.64 Now $79.69 −15.80% settles Jan 4
- Sep 17, 20267w ago Press Release Mixed 5/10 Entry $95.19 Now $79.69 −16.28% settles Dec 11
- Aug 6, 202613w ago Press Release Mixed 6/10 Entry $100.01 to $95.13 Now $79.69 −20.32% ▼ −4.88% −2.75% vs SPY
- Jul 2, 202618w ago Insider Cluster Neutral 5/10 Entry $96.40 to $87.10 Now $79.69 −17.33% ▼ −9.65% −12.44% vs SPY
- Jul 1, 202618w ago Insider Cluster Bearish 4/10 Entry $96.40 to $92.50 Now $79.69 +17.33% ▲ +4.05% +7.61% vs SPY
US Market Status
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