Research

Pawn 2Q20 Trends Update

Wednesday, July 1, 2020

Stephens is hosting a conference call for institutional investors with Ben Foster, CFO of Smart Financial. Smart Financial is a roll-up of seven pawn store brands with 90 total stores primarily in the US (Texas, Arizona, North Carolina, Illinois, Iowa and the Dakotas) with a few additional stores in Western Canada. Smart Financial is sponsored by Fortress. Our discussion will focus on 2Q20 pawn loan and retail trends, the state of the subprime US consumer, competition and expansion/acquisition opportunities. 

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