Element Fleet Management and Enova International report business updates

Element Fleet Management Corp. reached a new 52-week low on Wednesday, with shares trading as low as C$24.77. The company, which has a market capitalization of C$9.78 billion, recently reported quarterly revenue of C$451.94 million and an EPS of C$0.48. Additionally, insider Jacob Eisenberg sold 90,855 shares in a transaction valued at approximately C$2.39 million on September 1.

Separately, Enova International, Inc. has announced the withdrawal of its regulatory applications with the OCC and the Federal Reserve regarding the proposed acquisition of Grasshopper. CEO Steven Cunningham and CFO Scott Cornelis discussed the decision during a business update conference call.