U-Haul Holding Company · UHAL · FY2027 Q2 · Calendar Q4 2026

U-Haul Q2: Rental and storage growth, with execution risks

The supplied call analysis points to continued strength in equipment rental and self-storage, alongside reduced fleet investment. The case is tempered by weaker same-store occupancy, freight-cost pressure and a dealer expansion program that is behind schedule; the materials do not establish a structural demand catalyst.

Why did UHAL fall 3.2% after missing EPS estimates in FY2027 Q2?

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Reported After market closeNYSEIndustrials $10.24B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $0.66 Consensus $0.78
EPS surprise -15.4% Reported versus consensus
Reported revenue $1.77B Consensus $1.79B
Revenue surprise -0.9% Reported versus consensus

Market reaction

event-close to next-session close
Stock move -3.2% Event window
SPY move -4.4% Same window
Abnormal move +1.3% Stock minus SPY
Volume 2.2× Versus trailing sessions
Subsequent drift -1.4% Up to 20 sessions
UHALSPY benchmark

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Transcript intelligence

What changed

Compared with the prior-quarter analysis, the current analysis highlights equipment rental revenue growth, a 6% increase in storage revenue, lower fleet investment and the beginning of AI tool integration. Freight costs remain a pressure point, while same-store occupancy and dealer-expansion progress are cited as risks.

Guidance delta

No formal guidance was provided in the supplied analysis. Management’s described direction includes reducing U-Box real-estate spending as the warehouse network matures and lower fleet capital expenditures for the fiscal year.

Key takeaways

  • Equipment rental and self-storage were cited as growth contributors.
  • Management is reducing fleet and U-Box investment as it pursues capital discipline.
  • Freight costs remain a margin risk; load-sharing and pricing actions are described as responses.
  • Same-store occupancy declined, and dealer expansion is behind schedule, leaving utilization and demand questions.

Management priorities

  • Scale back U-Box real-estate spending as the warehouse network matures.
  • Expand the independent dealer network to improve fleet absorption.
  • Use load-sharing and pricing actions to address freight costs.
  • Apply AI tools in operational processes and continue share repurchases.

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Earnings History

Estimate Beat Miss Match
UHAL REVENUE earnings history estimate and actual scatter chart 10 reported fiscal quarters and 4 future estimate-only quarters. Q3 '24 estimate $1B Q3 '24 actual $1B, beat Q4 '24 estimate $1B Q4 '24 actual $1B, beat Q1 '25 estimate $2B Q1 '25 actual $2B, beat Q2 '25 estimate $2B Q2 '25 actual $2B, miss Q1 '26 estimate $2B Q1 '26 actual $2B, beat Q2 '26 estimate $2B Q2 '26 actual $2B, miss Q3 '26 estimate $1B Q3 '26 actual $1B, miss Q4 '26 estimate $1B Q4 '26 actual $1B, miss Q1 '27 estimate $2B Q1 '27 actual $2B, match Q2 '27 estimate $2B Q2 '27 actual $2B, miss Q3 '27 estimate $1B Q4 '27 estimate $1B Q1 '28 estimate $2B Q2 '28 estimate $2B
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Analyst Consensus ?

ConsensusBuy2 ratings
Bullish2100.0%
Neutral00.0%
Bearish00.0%

Analyst 52W Price Targets

$57.34Current
$80Low
$80Average
$80High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 6, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
CL King Buy Strong BuyDowngradeAug 5, 2016
Sidoti & Co. Buy BuyMaintainApr 11, 2014

Named analyst price targets

Upside is calculated against the persisted current price $57.34. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Vertical ResearchJeffrey Kauffman$80$53.25 +39.5%Nov 3, 2025

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Company context

Snapshot as of publication

U-Haul Holding Company specializes in providing self-service moving and storage solutions for both residential and commercial clients across the United States and Canada. Its core business, the Moving and Storage segment, offers a comprehensive range of rental equipment, including trucks, trailers, and portable storage units. The company also rents specialty items and self-storage spaces, primarily catering to individuals relocating their households. Customers can also purchase essential moving supplies, towing accessories, and propane. U-Haul operates uhaul.com, an online platform that connects consumers with independent moving assistance and self-storage facility partners. This segment further provides vehicle transportation options, such as auto carriers and tow dollies, and sells specialized packing materials for delicate goods like electronics, alongside standard tapes, security locks, and general packing supplies.…

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Sources

  1. Earnings call transcript and parsed analysis · 2026-11-05T17:12:12.225178+00:00
  2. FN2 earnings calendar · 2026-11-06T01:23:16.275024+00:00
  3. Polygon adjusted daily market bars · 2026-11-06T15:30:51.759027+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-06T15:30:51.756371+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-11-06. For educational purposes only; not investment advice.