PRA Group Reports Fourth Quarter and Full Year 2024 Results
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PRA Group, Inc. (Nasdaq: PRAA) reported its Q4 and full year 2024 results, highlighting a transformational year with record portfolio purchases of $1.4 billion and a 13% growth in cash collections to $1.9 billion. The company also updated its 2025 financial targets, raising its portfolio purchases target to $1.2 billion.
February 19, 2025 | 9:30 pm
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PRA Group reported a strong 2024 with record portfolio purchases and significant growth in cash collections, indicating enhanced profitability. The company has also raised its 2025 financial targets.
The report of record portfolio purchases and significant growth in cash collections suggests strong financial performance and enhanced profitability for PRA Group. The raised financial targets for 2025 further indicate positive future prospects, likely leading to a positive short-term impact on the stock price.
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IMPORTANCE 90
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