Verra Mobility Expands Credit Facility with Amendment

Verra Mobility ( (VRRM) ) has issued an update.

On May 15, 2025, Verra Mobility Corporation’s subsidiaries, including Greenlight Acquisition Corporation and VM Consolidated, entered into an amendment to their Revolving Credit Agreement with Bank of America. This Fourth ABL Amendment increases the credit facility from $75 million to $125 million, enhancing the company’s financial flexibility while maintaining the original terms of the agreement, which matures on December 20, 2026.

The most recent analyst rating on (VRRM) stock is a Buy with a $31.00 price target. To see the full list of analyst forecasts on Verra Mobility stock, see the VRRM Stock Forecast page.

Spark’s Take on VRRM Stock

According to Spark, TipRanks’ AI Analyst, VRRM is a Neutral.

Verra Mobility’s overall stock score is influenced by strong revenue and cash flow growth, tempered by high leverage and potential overvaluation. The recent earnings call and technical indicators suggest a cautious but optimistic outlook, with key growth prospects in strategic contracts like the NYC enforcement program.

To see Spark’s full report on VRRM stock, click here.

More about Verra Mobility

Verra Mobility Corporation operates in the transportation solutions industry, offering products and services that focus on smart mobility technology and traffic management systems. The company primarily serves government agencies and commercial clients, providing solutions that enhance road safety, efficiency, and compliance.

Average Trading Volume: 1,430,453

Technical Sentiment Signal: Buy

Current Market Cap: $3.75B

For a thorough assessment of VRRM stock, go to TipRanks’ Stock Analysis page.