U-Haul Holding Company (UHAL)
NYSE:UHAL
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U-Haul
(NYSE:UHAL)
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Rating:59Neutral
Price Target:
$47.00
▼(-10.08% Downside)
Action:ReiteratedDate: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
Strong revenue acceleration
Sustained top‑line acceleration (+45% TTM) indicates durable demand and greater scale across moving and storage. Higher revenue provides a structural buffer to absorb margin pressure, supports reinvestment in distribution and storage, and underpins medium‑term cash generation.
Negative Factors
Margin compression and lower profitability
Material margin deterioration versus historical norms signals weaker pricing power or higher unit costs that can persist. Lower net and gross margins reduce the company’s ability to convert revenue into sustainable earnings and constrain ROE and cash available for debt reduction or investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue acceleration
Sustained top‑line acceleration (+45% TTM) indicates durable demand and greater scale across moving and storage. Higher revenue provides a structural buffer to absorb margin pressure, supports reinvestment in distribution and storage, and underpins medium‑term cash generation.
Read all positive factors
U-Haul (UHAL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.50B
Dividend YieldN/A
Average Volume (3M)252.86K
Price to Earnings (P/E)―
Beta (1Y)0.76
Revenue Growth3.90%
EPS Growth-77.41%
CountryUS
Employees17,836
SectorIndustrials
Sector Strength72
IndustryRental & Leasing Services
Share Statistics
EPS (TTM)0.48
Shares Outstanding19,607,788
10 Day Avg. Volume239,149
30 Day Avg. Volume252,861
Financial Highlights & Ratios
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 Cap1.77
Enterprise Value/Revenue2.81
Enterprise Value/Gross Profit10.08
Enterprise Value/Ebitda10.19
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.04
Revenue Forecast (FY)$6.29B
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,...
How the Company Makes Money
U-Haul primarily makes money by charging customers for the use of its moving and storage assets and for related products and services. Key revenue streams include: (1) Truck and trailer rentals: Customers pay rental charges to use U-Haul trucks, v...
U-Haul Key Performance Indicators (KPIs)
Any
Operating Income by Segment
Shows profitability across different business segments, highlighting which areas drive earnings and where there might be opportunities or challenges.
Shows profitability across different business segments, highlighting which areas drive earnings and where there might be opportunities or challenges.
Data provided by:
The Fly
The FlyU-Haul Earnings Call Summary
Earnings Call Date:Feb 04, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jun 03, 2026
Earnings Call Sentiment Negative
The call presented a mixed picture: meaningful operational and strategic strengths (storage revenue growth, U-Box scale, expanded distribution, strong liquidity and a plan to materially reduce next-year fleet purchases) are overshadowed in the near term by significant earnings pressures tied to elevated depreciation, losses on disposal of 2023–2024 cargo van cohorts, rising operating and insurance expenses, and a decline in same-store occupancy. Management has concrete mitigation plans (selling older units, opening more dealerships, slowing fleet purchases, reserve adjustments and targeted development), but the company is facing material near-term headwinds that will likely take multiple quarters to fully resolve.Positive Updates
Storage Revenue Growth
Storage revenues increased $18 million, up 8% year-over-year for the quarter; average revenue per foot improved just under 7% and same-store revenue per occupied foot rose 5%, reflecting successful rate initiatives and pricing strategy.
Negative Updates
Quarterly Net Loss and EPS Decline
Reported third quarter net loss of $37 million versus earnings of $67 million in the prior-year quarter; loss per nonvoting share of $0.18 compared to prior-year EPS of $0.35, representing a meaningful deterioration in profitability.
Read all updates
Q3-2026 Updates
Positive
Negative
Storage Revenue Growth
Storage revenues increased $18 million, up 8% year-over-year for the quarter; average revenue per foot improved just under 7% and same-store revenue per occupied foot rose 5%, reflecting successful rate initiatives and pricing strategy.
Read all positive updates
Company Guidance
Guidance focused on rebalancing the fleet and slowing purchases: management expects to cut new truck purchases next fiscal year by north of $500 million while adding distribution and disposition levers (65 new company‑operated locations and a net +365 independent dealers year‑over‑year as of Dec 2025, and planned increased sales of older/high‑mile trucks over the next 12 months) to absorb excess capacity; they also noted model‑year 2026 cargo vans will be ~12% cheaper than last year (~20% vs two years ago). Near‑term results and headwinds cited: Q3 FY26 GAAP loss $37M (‑$0.18 per nonvoting share) vs $67M ($0.35) a year ago, moving & storage adjusted EBITDA down 11% to nearly $42M, a $26M loss on disposal vs a $4M gain prior, and a $75M quarter‑over‑quarter cost increase (≈$0.24/share) driven >75% by the cargo‑van fleet and an ~11,000‑unit box‑truck fleet increase. Storage strategy is measured—storage revenue +$18M (8%) for the quarter, average revenue per foot up ~7%, same‑store revenue per occupied foot +5% but same‑store occupancy down 490 bps to just over 87% (≈4% of that due to removal of delinquent units); first 9 months real‑estate investment $770M (‑$444M YoY), 16 new storage locations added (~1.5M net rentable sq ft), active development pipeline 106 projects (~5.7M sq ft). Liquidity and other metrics: rental equipment capex YTD $1.748B (gross fleet spend last 12 months ~$2.025B, net $1.331B; est. ~$670M was growth‑related), $1.475B cash + available facility liquidity as of Dec 2025, $100M dividend from their P&C insurer available for corporate use, and U‑Box presence of 700+ locations with ~200,000 containers (100,000 with customers).U-Haul Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
55
Neutral
| 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
Positive
52.27
Price Trends
48.78
Positive
51.38
Positive
54.23
Negative
Market Momentum
1.12
Negative
65.97
Neutral
80.42
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UHAL, the sentiment is Positive. The current price of 52.27 is above the 20-day moving average (MA) of 48.29, above the 50-day MA of 48.78, and below the 200-day MA of 54.23, indicating a neutral trend. The MACD of 1.12 indicates Negative momentum. The RSI at 65.97 is Neutral, neither overbought nor oversold. The STOCH value of 80.42 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for UHAL.
U-Haul Risk Analysis
U-Haul disclosed 18 risk factors in its most recent earnings report. U-Haul reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
U-Haul Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $2.69B | 25.10 | 13.21% | 1.79% | 3.14% | -34.73% | |
67 Neutral | $9.67B | 21.79 | 16.39% | 1.75% | -0.07% | 4.18% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | $9.50B | -53.96 | 1.22% | ― | 3.90% | -77.41% | |
56 Neutral | $4.45B | -34.53 | -0.26% | 1.79% | 28.39% | -105.83% | |
51 Neutral | $1.92B | -2.13 | 193.77% | ― | -6.02% | 74.03% | |
47 Neutral | $6.55B | -4.55 | 22.83% | ― | 0.72% | 69.91% |
* Industrials Sector Average
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.