US Stock Movement: Upbound Group soars on October 29—Q3 beats expectations, strong growth from Brigit, efficiency improvement from Acima

Upbound Group October 29 Large Increase Explained

Keywords: Q3 Outperformance, Brigit High Growth, Acima Efficiency Improvement

1. On October 29, 2026, Upbound’s Acima, Brigit, and Rent-A-Center reported adjusted earnings per share of $1.01 for the third quarter, surpassing the institutional forecast of $0.91; revenue was $1.15 billion, above the institutional forecast of $1.124 billion. Adjusted EBITDA of $123 million and non-GAAP earnings per share of $1.01 both exceeded the upper end of their respective guidance ranges.

2. On October 29, 2026, Brigit’s revenue grew 37% year-on-year to $79 million, paid users increased by about 27% to 1.84 million, and ARPU rose 4.7% to $14.39; Brigit’s GAAP net profit grew 93.8% to $8.9 million, and adjusted EBITDA rose 59% to $14.7 million.

3. On October 29, 2026, Acima’s GAAP net profit grew 17.3% to $74.7 million, adjusted EBITDA rose about 15% to $86 million, profit margin expanded about 270 basis points to 14.7%, and the lease write-off rate improved by more than 100 basis points to 8.7%; Rent-A-Center’s same-store sales increased by around 180 basis points; Q3 debt dropped by over $225 million.

(Disclaimer: This content is generated by AI technology based on publicly available information for summary purposes only. It does not constitute investment advice.)