Mcgrath Rentcorp ( (MGRC) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
McGrath RentCorp’s stock movement is influenced by its latest financial update, which revealed a mixed performance across its divisions. While the company reported a 4% increase in total revenues for Q1 2025, driven by a 10% rise in Adjusted EBITDA from the Mobile Modular division, the Portable Storage division saw a 13% decline in rental revenues due to weaker demand. Despite slight growth in rental revenues from TRS-RenTelco, economic uncertainties and recent tariff actions have led the company to adopt a cautious outlook for the latter half of the year. This has resulted in a slight downward adjustment of their FY25 EBITDA guidance, reflecting the challenging market conditions.
More about Mcgrath Rentcorp
YTD Price Performance: -6.18%
Average Trading Volume: 153,203
Technical Sentiment Signal: Buy
Current Market Cap: $2.56B
For further insights into MGRC stock on TipRanks’ Stock Analysis page.
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