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Upbound Group ( (UPBD) ) has issued an update.
On February 20, 2025, Upbound Group announced the retirement of CEO Mitchell E. Fadel effective June 1, 2025, with CFO Fahmi Karam succeeding him. Mr. Karam’s appointment reflects a strategic shift, leveraging his extensive background in finance and operations to guide the company forward. This leadership change coincides with the release of Upbound’s 2024 financial results, reporting a total revenue of $4.3 billion and a GAAP diluted EPS of $2.21 for the year, indicating a robust performance in its financial solutions market. The transition aims to strengthen Upbound’s industry position and enhance value for stakeholders.
More about Upbound Group
Upbound Group, Inc. (NASDAQ: UPBD) is a technology and data-driven company providing accessible financial solutions to underserved consumers. The company operates through brands like Acima, Brigit, and Rent-A-Center, facilitating transactions across various channels, with over 2,300 retail units in the U.S., Mexico, and Puerto Rico. Based in Plano, Texas, Upbound focuses on inclusive financial services.
YTD Price Performance: 1.78%
Average Trading Volume: 419,386
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.71B
For a thorough assessment of UPBD stock, go to TipRanks’ Stock Analysis page.
