Reported Earlier, Oportun Eyes $11M EBITDA Boost From Credit Card Portfolio Sale to Continental Finance In 2025
Portfolio Pulse from Benzinga Newsdesk
Oportun (NASDAQ:OPRT) plans to sell its credit card portfolio to Continental Finance, expecting an $11M EBITDA boost in 2025. The sale, now closing in November 2024, aims to enhance profitability by focusing on core products.
September 26, 2024 | 7:03 am
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Oportun is selling its credit card portfolio to Continental Finance, expecting a $2M EBITDA boost in 2024 and $11M in 2025. The sale aligns with Oportun's strategy to focus on core products and enhance profitability.
The sale of the credit card portfolio is a strategic move to streamline Oportun's business and focus on its core products. The expected $11M EBITDA boost in 2025 indicates a positive financial impact, likely leading to a favorable short-term stock price movement.
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IMPORTANCE 80
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