U-Haul (UHAL) AI Stock Analysis

• Market Cap: $9.41B
• Dividend Yield: N/A
• Average Volume (3M): 180.16K
• Price to Earnings (P/E): 108.2
• Beta (1Y): 0.70
• Revenue Growth: 4.32%
• EPS Growth: -55.65%
• Country: US
• Employees: 17,836
• Sector: Industrials
• Sector Strength: 72
• Industry: Rental & Leasing Services
• EPS (TTM): -0.23
• Shares Outstanding: 19,607,788
• 10 Day Avg. Volume: 166,438
• 30 Day Avg. Volume: 180,159
• PEG Ratio: -0.87
• Price to Book (P/B): 1.71
• Price to Sales (P/S): 2.20
• P/FCF Ratio: -6.41
• Enterprise Value/Market Cap: 1.78
• Enterprise Value/Revenue: 2.79
• Enterprise Value/Gross Profit: 10.02
• Enterprise Value/Ebitda: 10.13
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 0.44
• Revenue Forecast (FY): $6.05B

• Rating: 59 Neutral
• Price Target: $62.00 ▲(18.61% Upside)
• Action: Reiterated Date: 02/05/26
• Date: Action: Reiterated 02/05/26

The score is driven down primarily by weakened financial profitability/returns and a demanding valuation (high P/E with no dividend yield provided). Technicals are a relative bright spot with a positive trend and supportive momentum, while the latest earnings call remains mixed: near-term cost/depreciation headwinds are significant, but management’s planned capex pullback and solid liquidity provide partial support.

Positive Factors

Network & Distribution Expansion

A growing company-operated footprint plus hundreds of additional dealers materially strengthens U-Haul’s distribution and customer access. This durable network improves fleet utilization, lowers unit acquisition payback risk, and supports long-term revenue resilience across markets.

Storage Revenue Growth & Pricing Power

Consistent storage revenue and per-foot pricing gains reflect structural pricing power and sticky cash flows. Storage earnings are less cyclical than some moving revenues, providing a durable margin and cash generation anchor as the company expands rentable square footage.

Capital Deployment Discipline & Fleet Pullback Plan

A deliberate >$500M reduction in fleet purchases is a structural adjustment to improve future depreciation and resale dynamics. Slowing growth capex and using distribution/dispositions to rebalance the fleet should improve medium-term cash flows and reduce recurring disposal losses.

Negative Factors

Weakened Profitability & Low Returns

Lower net margins and ROE on a substantial asset and equity base signal reduced capital efficiency. Persistently weak returns constrain reinvestment capacity and shareholder optionality, making sustained improvement necessary for durable value creation.

Elevated Depreciation & Disposal Losses

Significant disposal losses from recent vehicle cohorts and rising depreciation are structural risks when acquisition cohorts are oversized. These recurring losses depress EBIT and operating cash flow until fleet mix and capex cadence normalize, pressuring multi-quarter profitability.

Volatile Free Cash Flow & High Capital Intensity

Large, lumpy fleet capex drives inconsistent free cash flow, reducing predictability of internal funding for growth or debt paydown. Until FCF consistency is restored, the firm remains exposed to refinancing and reinvestment timing risks in a capital-intensive model.

U-Haul Business Overview & Revenue Model

Company Description

U-Haul Holding Company operates as a do-it-yourself moving and storage operator for household and commercial goods in the United States and Canada. The company's Moving and Storage segment rents trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces primarily to the household movers; and sells moving supplies, towing accessories, and propane. It also provides uhaul.com, an online marketplace that connects consumers to independent Moving Help service providers and independent self-storage affiliates; auto transport and tow dolly options to transport vehicles; and specialty boxes for dishes, computers, flat screen television, and sensitive electronic equipment, as well as tapes, security locks, and packing supplies. This segment rents its products and services through a network of approximately 2,100 company operated retail moving stores and 21,100 independent U-Haul dealers. As of March 31, 2022, it had a rental fleet of approximately 186,000 trucks, 128,000 trailers, and 46,000 towing devices; and 1,844 self-storage locations with approximately 876,000 rentable storage units. The company's Property and Casualty Insurance segment offers loss adjusting and claims handling services. It also provides moving and storage protection packages, such as Safemove and Safetow packages, which offer moving and towing customers with a damage waiver, cargo protection, and medical and life insurance coverage; Safestor that protects storage customers from loss on their goods in storage; Safestor Mobile, which protects customers stored belongings; and Safemove Plus, which provides rental customers with a layer of primary liability protection. The company's Life Insurance segment provides life and health insurance products primarily to the senior market through the direct writing and reinsuring of life insurance, medicare supplement, and annuity policies. The company was formerly known as AMERCO. U-Haul Holding Company was founded in 1945 and is based in Reno, Nevada.

How the Company Makes Money

U-Haul generates revenue primarily through its rental services, which include truck and trailer rentals for various durations. The company charges customers based on the type of vehicle rented, the distance traveled, and additional time if necessary. Another significant revenue stream comes from its self-storage facilities, where U-Haul offers climate-controlled and standard storage units for personal and business use. Additionally, U-Haul sells moving supplies such as boxes, packing materials, and equipment, contributing to its earnings. Partnerships with various retail locations also enhance revenue, as U-Haul utilizes these sites for drop-off and pick-up services, expanding its reach without the overhead of maintaining a large number of dedicated locations.

U-Haul Financial Statement Overview

Summary

Strong TTM revenue acceleration (+45.3%) is outweighed by materially weaker profitability and returns (TTM net margin ~3.3% vs higher historically; ROE ~2.6%), moderate-to-elevated leverage around ~1x equity, and volatile free cash flow despite a recent swing to positive.

Income Statement

TTM (Trailing-Twelve-Months) revenue accelerated sharply (+45.3%), but profitability is materially lower versus prior annual periods: net margin is ~3.3% (vs. ~5.7% in FY2025 and ~10–15% in FY2023–FY2024) and EBIT margin is ~10.5% (vs. ~13–25% historically). Gross margin also compressed to ~46.8% in TTM from ~86% in recent annual reports, indicating either mix/price pressure or cost headwinds. Overall: strong top-line momentum, but recent margin and earnings deterioration is a clear offset.

Balance Sheet

Leverage is moderate-to-elevated with debt running around ~1.0x equity in recent annual periods (debt-to-equity ~0.88–1.21), which reduces financial flexibility in a cyclical leasing business. Returns on equity have stepped down meaningfully—TTM is ~2.6% versus ~4.4% in FY2025 and materially higher levels in FY2022–FY2024—suggesting weaker profitability on the capital base. Equity is sizable (~$7.7B TTM) against a large asset base (~$21.6B), but the lower return profile and leverage keep the balance sheet assessment in the middle range.

Cash Flow

Operating cash flow remains solid (TTM ~$1.59B; FY2025 ~$1.45B), but free cash flow is volatile: deeply negative in FY2023–FY2025 and positive in TTM (~$1.0B). Cash generation quality is mixed because free cash flow has often not covered reported earnings (free cash flow to net income is negative in most periods, including TTM), implying heavy reinvestment/capex or working-capital swings. The recent swing to positive free cash flow is a constructive datapoint, but consistency is not yet proven.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	6.00B	5.83B	5.63B	5.86B	5.74B	4.54B
Gross Profit	1.67B	5.00B	4.83B	5.02B	1.46B	3.82B
EBITDA	1.65B	1.75B	1.94B	2.19B	2.34B	1.62B
Net Income	93.33M	331.80M	596.94M	890.75M	1.12B	610.86M
Balance Sheet
Total Assets	21.62B	20.48B	19.06B	18.10B	17.30B	14.65B
Cash, Cash Equivalents and Short-Term Investments	1.03B	1.70B	2.06B	2.75B	2.74B	1.20B
Total Debt	8.06B	7.24B	6.33B	6.17B	7.19B	5.83B
Total Liabilities	13.87B	12.98B	11.89B	11.60B	11.35B	9.80B
Stockholders Equity	7.74B	7.50B	7.17B	6.50B	5.95B	4.85B
Cash Flow
Free Cash Flow	1.00B	-2.00B	-1.54B	-994.29M	-190.30M	93.92M
Operating Cash Flow	1.59B	1.45B	1.45B	1.73B	1.95B	1.54B
Investing Cash Flow	-2.47B	-2.89B	-2.05B	-2.42B	-1.87B	-1.13B
Financing Cash Flow	880.71M	895.11M	66.53M	59.80M	1.43B	287.35M

U-Haul Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 52.27
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UHAL, the sentiment is Negative. The current price of 52.27 is below the 20-day moving average (MA) of 53.04, below the 50-day MA of 53.50, and below the 200-day MA of 57.03, indicating a bearish trend. The MACD of -1.16 indicates Positive momentum. The RSI at 41.54 is Neutral, neither overbought nor oversold. The STOCH value of 78.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for UHAL.

U-Haul Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
R	61 Neutral	$8.79B	18.80	16.15%	1.75%	1.68%	9.91%
UHAL	59 Neutral	$9.41B	108.24	1.21%	―	4.32%	-55.65%
HRI	58 Neutral	$4.91B	4,598.13	0.06%	1.79%	19.40%	-120.47%
MGRC	58 Neutral	$2.84B	19.55	12.70%	1.79%	4.77%	-35.44%
HTZ	50 Neutral	$1.65B	-1.36	-567.03%	―	-7.36%	62.27%
CAR	45 Neutral	$4.34B	―	―	―	-1.22%	-639.34%

U-Haul Corporate Events

U-Haul Files Prospectus for Secured Notes Offering

On December 10, 2025, U-Haul Holding Company filed a prospectus supplement for a registration statement concerning $13,673,700 of Fixed Rate Secured Notes. This filing is part of the company’s financial strategy, potentially impacting its capital structure and offering investment opportunities to stakeholders.

The most recent analyst rating on (UHAL) stock is a Hold with a $54.00 price target. To see the full list of analyst forecasts on U-Haul stock, see the UHAL Stock Forecast page.