U-Haul Q1 revenue rises on selt-moving equipment rental sales growth

U-Haul Holding

05/08/2026 21:17

Overview
US moving and storage firm's fiscal Q1 revenue rose 3%, net earnings declined yr/yr
Company saw higher self-moving equipment rental and self-storage revenues in the quarter
U-Haul repurchased $48 mln of common and non-voting shares in Q1

Outlook
Company did not provide specific financial guidance for the current quarter or full year in the press release

Result Drivers
RENTAL REVENUE GROWTH - Self-moving equipment rental revenues increased 2.8% yr/yr, driven by higher transactions in both In-Town and One-Way markets
SELF-STORAGE REVENUE - Self-storage revenues rose 6.8% yr/yr, though occupancy declined as new units outpaced rent-up
RESALE MARKET IMPROVEMENT - Company achieved a gain on sale of pickup and vans after several quarters of losses, per Chairman Joe Shoen

Company press release: ID:nBw4wlqPKa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
 
$122.90 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the ground freight & logistics peer group is "buy."
Wall Street's median 12-month price target for U-Haul Holding Company is $81.93, about 11% above its August 4 closing price of $73.80
The stock recently traded at 52 times the next 12-month earnings vs. a P/E of 59 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)