Reported about 16 hours ago
Vulcan Value Partners' Q1 2025 investor letter highlighted PROG Holdings (NYSE:PRG), noting a significant decline in its stock price due to challenges, including the bankruptcy of a major retail partner. The company, which provides lease-to-own financing solutions, saw its stock drop 19.05% over the past year and is currently trading at $25.50 per share with a market cap of $1.035 billion. Despite these challenges, Vulcan believes PROG can recover by gaining market share with existing and new retailer partnerships.
Source: YAHOO