U-Haul: Faces Profitability Headwinds, Needs To Be Broken Up
U-Haul Holding Company offers significant upside if management pursues a breakup, with sum-of-the-parts valuation far exceeding current market price. Despite recent revenue growth, UHAL faces profitability headwinds from rising depreciation, operating expenses, and self-storage oversupply impacting occupancy rates. Cash flow metrics for UHAL are robust, with adjusted operating cash flow rising to $548.5 million in the latest quarter, supporting the investment case.
U-Haul Holding Company (UHAL) Q2 2026 Earnings Call Transcript
U-Haul Holding Company ( UHAL ) Q2 2026 Earnings Call November 6, 2025 10:00 AM EST Company Participants Sebastien Reyes - Director of Investor Relations Edward Shoen - Chairman of the Board, President & CEO Jason Berg - Chief Financial Officer Samuel Shoen - Vice Chairman of the Board & U-Box Project Manager Conference Call Participants Steven Ralston - Zacks Investment Research, Inc. Steven Ramsey - Thompson Research Group, LLC Andy Liu - Wolfe Research, LLC Jeffrey Kauffman - Vertical Research Partners, LLC James Wilen - Wilen Investment Management Corp. Stephen Farrell Presentation Operator Good morning, ladies and gentlemen, and welcome to the U-Haul Holding Company Second Quarter Fiscal 2026 Investor Conference Call. [Operator Instructions] This call is being recorded on Thursday, November 6, 2025.
U-Haul Holding Company Is Severely Undervalued (Upgrade)
U-Haul Holding Company offers a unique business model combining self-moving and self-storage, with recent revenue growth but mixed profitability. Despite market headwinds and declining profits, UHAL's valuation is highly attractive both absolutely and relative to peers, presenting significant upside potential. The self-storage segment shows long-term growth trends, while the self-moving business faces near-term economic challenges but benefits from U-Box expansion.
U-Haul Holding Company (UHAL) Q1 2026 Earnings Call Transcript
U-Haul Holding Company (NYSE:UHAL ) Q1 2026 Earnings Conference Call August 7, 2025 11:00 AM ET Company Participants Jason Allen Berg - Chief Financial Officer Samuel Joseph Shoen - Vice Chairman of the Board & U-Box Project Manager Sebastien Reyes - Director of Investor Relations Conference Call Participants Andy Liu - Wolfe Research, LLC Steven Ralston - Zacks Investment Research, Inc. Steven Ramsey - Thompson Research Group, LLC Operator Good morning, ladies and gentlemen, and welcome to the U-Hall Holding Company First Quarter Fiscal 2026 Investor Call Conference. [Operator Instructions] This call is being recorded on Thursday, August 7, 2025.
U-Haul Holding Company (UHAL) Q4 2025 Earnings Call Transcript
U-Haul Holding Company (NYSE:UHAL ) Q4 2025 Earnings Conference Call May 29, 2025 11:00 AM ET Company Participants Sebastien Reyes - Director of Investor Relations Joe Shoen - Chairman, President and Chief Executive Officer Jason Berg - Chief Financial Officer Conference Call Participants Steven Ralston - Zacks Investments Steven Ramsey - Thompson Research Group Andy Liu - Wolfe Research James Wilen - Wilen Management Stephen Farrell - Oppenheimer Operator Good morning, ladies and gentlemen, and welcome to the U-Haul Holding Company's Fourth Quarter Fiscal Year End 2025 Investor Conference Call. At this time, all lines are in listen-only mode.
U-Haul Still Looks Very Cheap As Earnings Near
U-Haul's revenue has risen, but profitability has declined, but shares still look attractive right now. The self-storage segment shows significant growth, with revenue up 7.9% year-over-year, despite a slight decline in occupancy rates. Even with mixed financial performance, U-Haul's valuation suggests potential upside of 37% to 87.3%, making it a compelling investment.
U-Haul: Moving Forward (Rating Upgrade)
U-Haul Holding Company is the largest DIY moving and storage operator in North America, with strong positions in rental vehicles, self-storage, and portable moving/storage. Post-pandemic, U-Haul resumed growth aligned with historical trends, making it a solid long-term investment for steady growth. UHAL boasts strong operating cash flow and a solid balance sheet, supporting continued expansion.
U-Haul Holding Company (UHAL) Q3 2025 Earnings Call Transcript
U-Haul Holding Company. (NYSE:UHAL ) Q3 2025 Earnings Conference Call February 6, 2025 10:00 AM ET Company Participants Sebastien Reyes - Director of Investor Relations Joe Shoen - Chairman, President & Chief Executive Officer Jason Berg - Chief Financial Officer Samuel Shoen - Vice Chairman of the Board & U-Box Project Manager Conference Call Participants Steven Ralston - Zacks Keegan Carl - Wolfe Research Steven Ramsey - Thompson Research James Wilen - Wilen Management Operator Good morning ladies and gentlemen, and welcome to the U-Haul Holding Company Third Quarter Fiscal 2025 Investor Call.
U-Haul Holding Company (UHAL) Q2 2025 Earnings Call Transcript
U-Haul Holding Company (NYSE:UHAL ) Q2 2025 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Sebastien Reyes - Director of Investor Relations Joe Shoen - Chairman, President & Chief Executive Officer Jason Berg - Chief Financial Officer Sam Shoen - Manager-U-BOX Project Conference Call Participants Steve Ralston - Zacks Jamie Wilen - Wilen Management Operator Good day, everyone, and welcome to today's U-Haul Holding Company Second Quarter Fiscal Year 2025 Investor Call. At this time, all participants are in a listen-only mode.
U-Haul Holding Company (UHAL) Q1 2025 Earnings Call Transcript
U-Haul Holding Company (NYSE:UHAL ) Q1 2025 Earnings Conference Call August 8, 2024 11:00 AM ET Company Participants Sebastien Reyes - Director of Investor Relations Edward Joe Shoen - Chairman, President & Chief Executive Officer Jason Berg - Chief Financial Officer Conference Call Participants Keegan Carl - Wolfe Research Steven Ralston - Zacks David Silver - CL King James Wilen - Wilen Management Stephen Farrell - Oppenheimer Operator Good day, everyone, and welcome to today's U-Haul Holding Company First Quarter Fiscal 2025 Investor Call. At this time, all participants are in a listen-only mode.
U-Haul: Still A Solid Play For The Long Haul
U-Haul operates as a do-it-yourself moving business with a significant self-storage business. Despite revenue and profit declines, the company's self-storage business has shown consistent growth over the past three years. The company's self-storage operations represent a significant portion of its overall value, making shares look attractively priced for potential upside.
