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RCII Rent a Center Inc De

Rent-A-Center, Inc. is an industry leading omni-channel lease-to-own provider for the cash and credit constrained customer. The Company focuses on improving the quality of life for its customers by providing access and the opportunity to obtain ownership of high-quality, durable products via small payments over time under a flexible lease-purchase agreement and no long-term debt obligation. Preferred Lease provides virtual and staffed lease-to-own solutions to retail partners in stores and online enabling its partners to grow sales by expanding their customer base utilizing its differentiated offering. The Rent-A-Center Business and Mexico segments provide lease-to-own options on products such as furniture, appliances, consumer electronics, and computers in approximately 1,950 Rent-A-Center stores in the United States, Mexico, and Puerto Rico and on its e-commerce platform, Rentacenter.com.The Franchising segment is a national franchiser of approximately 460 franchise locations. Rent-A-Center is headquartered in Plano, Texas.

Company profile

Ticker
RCII
Exchange
CEO
Mark Speese
Employees
Incorporated
Location
Fiscal year end
Former names
RENTERS CHOICE INC
SEC CIK
IRS number
450491516

RCII stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

7 May 21
2 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 123.02M 123.02M 123.02M 123.02M 123.02M 123.02M
Cash burn (monthly) 12.14M 4.99M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 49.75M 20.45M n/a n/a n/a n/a
Cash remaining 73.27M 102.57M n/a n/a n/a n/a
Runway (months of cash) 6.0 20.5 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
13 Jul 21 Brown Jeffrey J COMMON STOCK Buy Aquire P Yes No 52.76 282.26 14.89K 48,320
1 Jul 21 Transient C Taylor COMMON STOCK Grant Aquire A No No 0 2,035 0 2,035
1 Jul 21 Brown Jeffrey J Director Deferred Stock Unit Common Grant Aquire A No No 0 1,708 0 55,762
1 Jul 21 Hetrick Christopher B. Director Deferred Stock Unit Common Grant Aquire A No No 0 721 0 33,208

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

74.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 263 248 +6.0%
Opened positions 51 40 +27.5%
Closed positions 36 37 -2.7%
Increased positions 73 82 -11.0%
Reduced positions 115 92 +25.0%
13F shares
Current Prev Q Change
Total value 2.85B 2.35B +21.6%
Total shares 49.47M 50.46M -2.0%
Total puts 319.1K 245.8K +29.8%
Total calls 337.4K 406.3K -17.0%
Total put/call ratio 0.9 0.6 +56.3%
Largest owners
Shares Value Change
BLK Blackrock 8.09M $466.45M +4.6%
Vanguard 6.97M $401.94M -3.4%
Engaged Capital 2.92M $168.29M 0.0%
Renaissance Technologies 2.19M $126.42M -19.3%
Fuller & Thaler Asset Management 1.95M $112.3M -0.0%
FMR 1.82M $104.71M +204.2%
STT State Street 1.62M $93.47M -6.2%
Hood River Capital Management 1.33M $76.94M -8.9%
Dimensional Fund Advisors 1.3M $74.89M -5.7%
GS Goldman Sachs 1.1M $63.71M +12.7%
Largest transactions
Shares Bought/sold Change
FMR 1.82M +1.22M +204.2%
Norges Bank 0 -673.37K EXIT
Renaissance Technologies 2.19M -522.8K -19.3%
Steamboat Capital Partners 431.81K +431.81K NEW
BLK Blackrock 8.09M +354.35K +4.6%
Kennedy Capital Management 348.73K +348.73K NEW
LSV Asset Management 1.03M -270.74K -20.8%
Vanguard 6.97M -243.79K -3.4%
Raymond James & Associates 334.65K +205.89K +159.9%
MNGPF Man 22.26K -203.69K -90.1%

Financial report summary

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Management Discussion
  • During the first three months of 2021, consolidated revenues increased approximately $334.8 million, primarily due to the acquisition of Acima Holdings and an increase in same store sales in our Rent-A-Center Business. Operating profit increased approximately $21.2 million for the three months ended March 31, 2021, primarily due to the increased operating profit of the Rent-A-Center Business and Acima segments, partially offset by one-time transaction and integration costs, stock compensation expense related to equity consideration subject to vesting conditions, and depreciation and amortization of acquired software and intangible assets related to the acquisition of Acima Holdings.
  • Revenues in our Rent-A-Center Business segment increased approximately $69.9 million for the three months ended March 31, 2021, primarily due to an increase in same store sales revenue driven by growth in e-commerce sales, and despite the impact of refranchising approximately 100 stores in California in the fourth quarter of 2020 which are no longer reflected in the Rent-A-Center Business segment revenues. Gross profit as a percentage of revenue decreased 1.4%. Operating profit increased $53.3 million for the three months ended March 31, 2021, driven primarily by increased operating leverage as a result of higher revenues and lower operating expenses.
  • The Acima segment revenues increased approximately $241.3 million for the three months ended March 31, 2021, driven primarily by the acquisition of Acima Holdings. Gross profit as a percent of revenue decreased 11.6%, while operating profit increased approximately $6.6 million for the three months ended March 31, 2021, driven by higher revenue due to the acquisition of Acima Holdings and stronger lease performance.
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