PROG Overview
Industry: Equipment rental & leasing, not elsewhere classified
Sector: Finance
PROG Holdings, Inc., a financial technology holding company, provides various payment options to consumers. It operates through three segments: Progressive Leasing, Vive Financial, and Four Technologies. The company offers e-commerce, app-based, and in-store point-of-sale lease-to-own solutions for merchandise, including furniture, appliances, electronics, jewelry, mobile phones and accessories, mattresses, and automobile electronics and accessories through third-party POS partner locations and e-commerce websites in 46 states, the District of Columbia, and Puerto Rico. It also provides customized programs with services that include revolving loans through private label and Vive-branded credit cards. In addition, the company offers consumers of all credit backgrounds with Buy Now, Pay Later options through four interest-free installments. The company was formerly known as Aaron's Holdings Company, Inc. and changed its name to PROG Holdings, Inc. in December 2020. PROG Holdings, Inc. was founded in 1955 and is based in Draper, Utah. PROG Holdings, Inc., a financial technology holding company, provides various payment options to consumers. It operates through three segments: Progressive Leasing, Vive Financial, and Four Technologies. The company offers e-commerce, app-based, and in-store point-of-sale lease-to-own solutions for Read MorePROG is evaluated based on the investment philosophy and approach to stock market investing developed by renowned investor Warren Buffett. Companies with high ratings typically exhibit growing earnings, a substantial profit margin, conservative leverage, a consistently high return on equity, and a sustained practice of repurchasing their shares over the years.
PROG
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