U-Haul Holding Co (UHAL)
NYSEIndustrialsRental & Leasing ServicesSnapshot 2026-09-09
$63.59-0.55%
Close 2026-09-09 · 1-day change
NYSEIndustrialsRental & Leasing ServicesSnapshot 2026-09-09
Warn: Primary pillar under pressure — Halt revenue decline and achieve growth: rev +3.2% vs 4%.
U-Haul aims to restore profitability after a net loss of $201.7M in 2026-Q4. Operating cash flow remains strong, reaching $598M in 2026-Q1. Analysts expect revenue growth of about 4% next year. The company has a robust cash flow track record despite recent earnings misses.
Revenue declined from $1.72B in 2026-Q2 to $1.27B in 2026-Q4. Operating income fell from $33.67M to negative $76.1M in the same period. The company missed earnings in multiple recent quarters, showing a weakening business. Profitability restoration remains uncertain.
The market expects about 4% revenue growth and modest EPS improvement to $0.99 in 2027. The stock trades at a very high PE of 277.67, reflecting skepticism on earnings durability. Our fair value at $177 suggests some undervaluation versus peers but acknowledges risks.
Breaks if: operating cash flow falls below $200M in any quarter
Sustain robust operating cash flow to support business operations and capital needs.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment is characterized as a turnaround, as UHAL is attempting to restore profitability and improve its financial performance. The current thesis state is cautious, with recent earnings misses raising concerns about management's ability to execute on its priorities.
The market appears to have priced in a durable premium for UHAL, suggesting that investors expect strong performance despite recent challenges. However, the valuation is considered unjustified given the company's recent struggles and elevated risk of further earnings misses.
Fundamentals are likely to remain under pressure in the near term, especially with a high probability of missing earnings again. While cash flow from operations is strong, the decline in net income and operating income indicates that restoring profitability is a significant hurdle.
The most important moves since the prior daily snapshot.
Yes, our read has weakened. The latest earnings miss indicates uncertainty in profitability turnaround. A sharp drop in the stock price suggests the market is repricing the thesis.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Stated in 4 of last 4 quarters. Operating cash flow remained strong, ranging from $240.6M in 2026-Q3 to $598.4M in 2026-Q1, with $403.9M in 2026-Q4. Despite earnings volatility, cash flow generation is sustained, indicating management is delivering on maintaining strong cash flow.
“Cash from operating activities was $403.9 million for the quarter.”
“Cash from operating activities was $240.6 million for the quarter.”
“Cash from operating activities was $551.6 million for the quarter.”
“Cash from operating activities was $598.4 million for the quarter.”
Breaks if: net income or operating income remain negative through FY27
Breaks if: revenue growth falls below 4% YoY in FY27
Focus on maintaining or growing revenue despite recent declines and market pressures.
The thesis hinges on UHAL's ability to manage its profitability and navigate the challenges posed by the sector. Key factors include guidance from sector bellwethers and the company's performance in the upcoming earnings call.
Over the next 1 to 3 years, UHAL's performance will depend heavily on management's execution and external sector conditions. Not investment advice.