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0 -0.00270635994587284 0.00135317997293632 0.00135317997293632 -0.0148849797023005 -0.00811907983761852 -0.0121786197564277 -0.0121786197564277
Stock impact report

This Surprising Trend Could Make PRA Group's Future Bright [The Motley Fool]

PRA Group, Inc. (PRAA) 
Last pra group, inc. earnings: 2/27 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.pragroup.com/investors
Company Research Source: The Motley Fool
In a strong economy, you wouldn't expect a debt-collection specialist to do this well. Collecting unpaid debts is a big business, and although there are many small players in the industry, some relatively large companies have sought to build scale in order to be as efficient as possible. PRA Group ( NASDAQ:PRAA ) has become a leader in debt collection, but what's especially surprising is that even in a strong economy featuring low unemployment rates and steadily rising wage growth, the company has started to see some favorable trends in its collection activity . Coming into Tuesday's second-quarter financial report, PRA Group investors had high hopes that the company would see accelerating levels of business activity. PRA's results were even better than many had expected, and they left reason for shareholders to think that even more gains could lie ahead as the business cycle turns. Image source: PRA Group. PRA Group keeps hitting records PRA Group's second- Show less Read more
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