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U-Haul
(NYSE:UHAL)
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Rating:56Neutral
Price Target:
$76.00
▲(6.40% Upside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by weakened profitability (near-breakeven TTM) and a very elevated P/E, despite resilient operating cash generation. Technicals are supportive with a clear uptrend, and the latest earnings call suggests modest operational improvement and strong liquidity, but ongoing margin and cost pressures limit conviction.
Positive Factors
Operating Cash Generation
Consistent operating cash flow and a TTM positive free cash flow (~$0.83B) show the rental/storage model reliably converts revenue to cash. This durable cash generation supports fleet reinvestment, debt service and capital returns even if accounting profits remain volatile.
Negative Factors
Profitability Compression
Near-breakeven net income and materially compressed margins reduce the firm's ability to self-fund growth and weaken returns on equity. Persistent low profitability limits resilience to shocks and increases reliance on cash reserves or external financing for strategic initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Operating Cash Generation
Consistent operating cash flow and a TTM positive free cash flow (~$0.83B) show the rental/storage model reliably converts revenue to cash. This durable cash generation supports fleet reinvestment, debt service and capital returns even if accounting profits remain volatile.
Read all positive factors
U-Haul Key Performance Indicators (KPIs)
Any
Operating Income by Segment
Shows profitability across different business areas, highlighting which segments are driving earnings and where there may be challenges or opportunities for growth.
Shows profitability across different business areas, highlighting which segments are driving earnings and where there may be challenges or opportunities for growth.
Data provided by:
The Fly
The FlyU-Haul (UHAL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$12.42B
Dividend YieldN/A
Average Volume (3M)221.78K
Price to Earnings (P/E)375.8
Beta (1Y)0.79
Revenue Growth3.02%
EPS Growth-89.75%
CountryUS
Employees34,700
SectorIndustrials
Sector Strength72
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)0.19
Shares Outstanding19,224,580
10 Day Avg. Volume169,366
30 Day Avg. Volume221,777
Financial Highlights & Ratios
PEG Ratio-2.32
Price to Book (P/B)1.23
Price to Sales (P/S)1.55
P/FCF Ratio-6.89
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$90.00Price Target Upside26.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)1.14
Revenue Forecast (FY)$6.30B
U-Haul Business Overview & Revenue Model
Company Description
U-Haul Holding Company specializes in providing self-service moving and storage solutions for both residential and commercial clients across the United States and Canada. Its core business, the Moving and Storage segment, offers a comprehensive ra...
How the Company Makes Money
U-Haul primarily makes money by charging customers for the use of its rental fleet and storage infrastructure, complemented by sales of moving-related products and other service fees.
1) Equipment rental (core revenue stream)
- U-Haul rents movin...
U-Haul Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q1-2027)
| % Change Since: |
Next Earnings Date:Nov 11, 2026
Earnings Call Sentiment Neutral
The call presented a mix of tangible operational progress and clear near-term headwinds. Positive developments include equipment rental revenue growth (+$29M), storage revenue improvement (+7%) and higher average revenue per occupied foot (+6%), meaningful network expansion (75 company locations, +1,100 dealers), improved disposal gains, a strong cash balance ($1.349B) and an active share repurchase program. Offsetting these positives are declines in net earnings and EPS (~13%), a small decrease in adjusted EBITDA, shrinking EBITDA margin (>1.5 pts), operating expenses growing faster than revenue (+$55M OpEx vs ~+3% revenue), a notable drop in same-store occupancy (-456 bps to 88.3%) tied to stricter collections, freight/shipping cost pressure (~+$22.5M), increased fleet depreciation and lower proceeds from retired equipment, and a contraction in the storage development pipeline. Taken together, the company shows solid growth initiatives and capital allocation actions but faces margin and cost pressures that temper near-term outlook.Positive Updates
Equipment Rental Revenue Growth
Equipment rental revenues increased by $29 million year-over-year, with transactions and revenue rising across both In-Town and one-way markets. July revenue trended in line with Q1 results.
Negative Updates
Decline in Net Earnings and EPS
Reported first quarter earnings were $123 million versus $142 million a year earlier (down $19 million, ~-13.4%). Earnings per share were $0.63 per nonvoting share versus $0.73 last year (down $0.10, ~-13.7%).
Read all updates
Q1-2027 Updates
Positive
Negative
Equipment Rental Revenue Growth
Equipment rental revenues increased by $29 million year-over-year, with transactions and revenue rising across both In-Town and one-way markets. July revenue trended in line with Q1 results.
Read all positive updates
Company Guidance
Management guided that Q1 FY2027 trends should improve modestly while highlighting a number of key metrics: Q1 earnings were $123M (EPS $0.63 per nonvoting share) vs $142M ($0.73) a year ago, adjusted Moving & Storage EBITDA was $537M (−$9M) with EBITDA margin down just over 150 bps; equipment rental revenue rose $29M, storage revenue rose $16M (+7%), average revenue per occupied foot improved >6%, average new‑customer rental rates were +2.5% YoY, and same‑store occupancy was 88.3% (down 456 bps due to last year’s tougher delinquent‑account policy but expected to show improvement by September). CapEx for new rental equipment was $602M (+$17M YoY) while proceeds from retired equipment were $145M (−~$14M); fleet depreciation increased $13.5M, Moving & Storage operating expenses were up $55M (personnel/repairs/liability ≈ +$20M; freight/shipping ≈ +$22.5M), cash/availability in the segment was $1.349B at June 30, and management expects net fleet investing to decline by >$500M over the back three quarters. On growth and capital allocation they added 75 company‑operated locations and a net >1,100 independent dealers year‑over‑year (targeting a net gain of 3,000 dealers, “halfway there”), invested $194M in real estate/development (−$100M YoY), added 18 storage locations (1.1M rentable sq ft), have ~5.7M sqft active across 106 projects (+ ~$6.3M pending), are continuing share repurchases under a $350M program with ~$242M remaining, and see freight headwinds peaking around July before moderating.U-Haul Financial Statement Overview
Summary
Income Statement
42
Neutral
Balance Sheet
58
Neutral
Cash Flow
54
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.09B | 6.04B | 5.83B | 5.63B | 5.86B | 5.74B |
| Gross Profit | 3.03B | 5.18B | 5.00B | 4.83B | 5.02B | 1.46B |
| EBITDA | 1.78B | 1.76B | 1.75B | 1.94B | 2.19B | 2.34B |
| Net Income | 46.08M | 83.13M | 331.80M | 596.94M | 890.75M | 1.12B |
Balance Sheet | ||||||
| Total Assets | 21.66B | 22.01B | 20.48B | 19.06B | 18.10B | 17.30B |
| Cash, Cash Equivalents and Short-Term Investments | 3.43B | 1.12B | 1.70B | 2.06B | 2.75B | 2.74B |
| Total Debt | 8.15B | 8.12B | 7.24B | 6.33B | 6.17B | 7.19B |
| Total Liabilities | 14.00B | 14.40B | 12.98B | 11.89B | 11.60B | 11.35B |
| Stockholders Equity | 7.66B | 7.61B | 7.50B | 7.17B | 6.50B | 5.95B |
Cash Flow | ||||||
| Free Cash Flow | 6.19M | -1.36B | -2.00B | -1.54B | -994.29M | -190.30M |
| Operating Cash Flow | 1.83B | 1.79B | 1.45B | 1.45B | 1.73B | 1.95B |
| Investing Cash Flow | -2.07B | -2.26B | -2.89B | -2.05B | -2.42B | -1.87B |
| Financing Cash Flow | 468.86M | 594.63M | 895.11M | 66.53M | 59.80M | 1.43B |
U-Haul Technical Analysis
Neutral
71.43
Price Trends
69.23
Positive
60.82
Positive
56.19
Positive
Market Momentum
0.94
Positive
48.55
Neutral
19.34
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UHAL, the sentiment is Neutral. The current price of 71.43 is below the 20-day moving average (MA) of 73.06, above the 50-day MA of 69.23, and above the 200-day MA of 56.19, indicating a neutral trend. The MACD of 0.94 indicates Positive momentum. The RSI at 48.55 is Neutral, neither overbought nor oversold. The STOCH value of 19.34 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for UHAL.
U-Haul Risk Analysis
U-Haul disclosed 21 risk factors in its most recent earnings report. U-Haul reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
U-Haul Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $2.85B | 18.75 | 12.44% | 1.63% | -0.92% | -39.51% | |
68 Neutral | $9.58B | 20.27 | 16.70% | 1.36% | 1.12% | 3.84% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
56 Neutral | $12.42B | 375.84 | 0.60% | ― | 3.02% | -89.75% | |
56 Neutral | $5.41B | 110.14 | 2.56% | 1.72% | 28.50% | 67.75% | |
47 Neutral | $5.18B | -8.13 | 20.63% | ― | 0.45% | 71.43% | |
46 Neutral | $802.02M | -2.53 | 50.96% | ― | 3.39% | 89.28% |
* Industrials Sector Average
UHAL
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.