Analyst RecommendationAnalyst recommends a buy rating for Element Fleet Management Corp., indicating a positive outlook for the company's stock.
Revenue PerformanceHigher servicing revenue, at $161.5mm versus $140.1mm estimate, up 25% year-over-year on higher penetration and utilization rates.
Strategic PartnershipsThrough this new arrangement with Blackstone, EFN benefits from a diversification of funding sources, reducing leverage, and a capital lighter model.