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Morgans just bumped up its price target for this booming ASX financials stock

Morgans just bumped up its price target for this booming ASX financials stock

Solvar Ltd (ASX: SVR) has been an outstanding ASX financials stock to own over the last year. 

It is a financial services company specialising in providing finance and other related services to assist consumers with the purchase of a new or used vehicle, as well as offering personal loans to consumers.

12 months ago Solvar shares were trading for roughly $1.38. 

Yesterday, this ASX financials stock closed at $1.86. 

That’s a rise of 34%.

For context, the S&P/ASX 200 Index (ASX: XJO) is up roughly 7.9% in that same span. 

On Wednesday, the company released H1 FY26 results.

Let’s see what the company reported. 

A man leaps from a stack of gold coins to the next, each one higher than the last.

Image source: Getty Images

Earnings growth 

In Wednesday’s announcement, for the…

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