Why Katapult Holdings (KPLT) Shares Are Up 63% Today

Katapult Holdings Inc KPLT shares are trading higher by 63% to $11.41 during Thursday’s session after the company reported $75.2 million in gross originations for the fourth quarter of 2024, up 11.3% year-over-year and surpassing its November forecast of 6-8% growth.

What To Know: Katapult says this marks the ninth consecutive quarter of annual growth and the second-highest gross originations in the company's history.

This performance was fueled by a 50% year-over-year increase in lease applications, with significant contributions from both new (51%) and repeat customers (61.5% of originations). Additionally, the company says Katapult Pay saw a 52% surge in gross originations.

CEO Orlando Zayas attributed the success to strong holiday engagement and the evolving Katapult ecosystem. Zayas expressed optimism for sustained growth in 2025, with final financial results to be announced in March.

Read Also: What’s Going On With BigBear.AI Stock Thursday?

How To Buy KPLT Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Katapult Holdings’ case, it is in the Financials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, KPLT has a 52-week high of $23.54 and a 52-week low of $5.08.