PROG Holdings: Growth Is Outpacing Its Valuation
PROG Holdings reported accelerating growth in Q2, with revenues up 22.3% and GMV surging 60.1% to $902 million. The company's business mix is shifting toward digital and short-term products, which reduces reliance on Progressive Leasing and large-ticket items, alongside rapid EBITDA growth and deleveraging.
Why it matters — PRG watchers would note the company's diversification away from Progressive Leasing and large-ticket exposure, coupled with strong growth and balance-sheet improvement that position it against mainstream market perceptions.