Profile: EZCORP Inc (EZPW.O)
6 Dec 2013
EZCORP, Inc., incorporated on May 18, 1989, is a provider of instant cash solutions. The Company provides a range of instant cash solutions, including collateralized, non-recourse loans, commonly known as pawn loans, and a range of short-term consumer loans, including single-payment and multiple-payment unsecured loans and single-payment and multiple-payment auto title loans. In Texas, The Company provides fee-based credit services to consumers seeking loans. At its pawn and buy/sell stores, the Company sells merchandise, primarily collateral forfeited from pawn lending operations and second-hand merchandise purchased from customers. The Company also offers prepaid debit card services to help customers better manage their money and control their spending. In November 2011, it acquired 15 pawn stores located in San Antonio metropolitan area.
During the fiscal year ended September 30, 2012, it operated a total of 1,262 locations, consisting of 470 United States pawn stores, seven United States buy/sell stores, 230 pawn stores in Mexico, 442 United States financial services stores, 33 financial services stores in Canada, 35 buy/sell and financial services stores in Canada and 45 financial services branches in Mexico. At its pawn stores, the Company offers pawn loans, which are non-recourse loans collateralized by tangible personal property, and sell merchandise to customers looking for good value. The merchandise the Company’s sell consists of second-hand collateral forfeited from its pawn lending activities or purchased from customers and new or refurbished merchandise from third party vendors. In its Cash Converters stores, the Company also buys and sells second-hand goods. At its financial services stores and at some of its pawn stores, the Company offers a range of consumer loan products, including single-payment, unsecured loans with maturity dates ranging from 7 to 30 days; multiple-payment unsecured loans that may be repaid over extended periods of up to seven months; single-payment 30-day loans secured by automobile titles; multiple-payment auto title loans that carry terms of two to five months; and revolving lines of credit, both unsecured and secured by automobile titles. In Texas, the Company’s financial services stores and its pawn stores that also offer financial services do not offer loan products themselves, but rather offer credit services to help customers obtain loans from independent third-party lenders. The Company also offers prepaid debit cards in all of its United States stores.
1901 Capital Parkway
AUSTIN TX 78746