GET DAILY SIGNALSU-Haul Holding Company (UHAL) Reports Steady Earnings Growth in Fiscal Second Quarter
Key Takeaways
- Net earnings available to common stockholders rose to $136.7 million in the second quarter of fiscal 2027, up from $105.6 million in the same period last year.
- Earnings per share (EPS) for Non-Voting Common Stock (UHAL.B) increased to $0.71, compared with $0.54 a year earlier.
- Consolidated revenue climbed to roughly $1.77 billion, about 3.1% higher year over year, led by self-moving equipment rentals and self-storage.
- Moving and Storage operating earnings grew by $44.5 million to $241.9 million, helped by lower fleet depreciation and a sharp drop in losses on retired rental equipment.
- Self-storage revenue rose 6.4%, while same-store occupancy slipped 1.1 percentage points to 89.5%.
- Chairman Joe Shoen described the results as a "modest win," noting the company is reinvesting "at an appropriately slower pace."
Putting These Results in Context
U-Haul Holding Company, parent of U-Haul International and its insurance and real estate subsidiaries, operates with a March-ending fiscal year, making the quarter ended September 30, 2026 the second quarter of fiscal 2027. This report matters because UHAL has spent recent quarters absorbing heavy fleet depreciation and weak truck-resale results that weighed on profitability. Investors are watching whether those pressures are finally easing and whether demand across the company's core moving and self-storage businesses can sustain growth. With self-storage expansion slowing and the company leaning on share repurchases and dividends to return capital, the second-quarter results offer a clear read on margin recovery and management's confidence in the business. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Breaking Down the Reported Figures
For the second quarter of fiscal 2027, U-Haul reported net earnings available to common stockholders of $136.7 million, compared with $105.6 million in the prior-year period. EPS for Non-Voting Common Stock (UHAL.B) was $0.71, up from $0.54 a year ago. For the six-month period, net earnings reached $259.6 million versus $247.9 million last year, with EPS of $1.34 compared with $1.27.
Consolidated revenue totaled approximately $1.77 billion, a 3.1% increase from $1.72 billion. Self-moving equipment rental revenue grew 3.4%, or $37.4 million, while self-storage revenue rose 6.4%, or $15.8 million. Moving and Storage earnings from operations increased $44.5 million to $241.9 million. A key driver was improved fleet economics: fleet depreciation expense fell $4.5 million, and net losses from disposals of retired rental equipment dropped $34.1 million to just $4.2 million. Moving and Storage adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) rose $5.0 million to $547.6 million, though trailing-twelve-month adjusted EBITDA declined $39.5 million to $1,642.4 million.
Market Response and Investor Sentiment
Heading into the report, investor attention centered on whether U-Haul's fleet-related cost pressures had peaked and whether self-storage demand would stabilize after a period of softer occupancy. The second-quarter figures offered early confirmation on both fronts: disposal losses narrowed sharply, and self-storage revenue grew despite a slight decline in same-store occupancy. Management's characterization of the quarter as a "modest win" and its commitment to a slower pace of reinvestment suggest a focus on profitability and capital discipline rather than aggressive expansion. With the company's investor call scheduled for November 5, 2026, commentary on forward demand and cost trends will be closely watched for signals on whether this margin recovery can continue.
Forward Outlook and Key Factors to Monitor
Looking ahead, investors should monitor several factors that could shape U-Haul's trajectory through the remainder of fiscal 2027. The most important is the direction of fleet economics. Depreciation on rental trucks and losses on retired equipment have been the dominant drag on earnings, and any sustained improvement in used-truck resale values could further lift margins.
Self-storage remains a second key area. While revenue per occupied square foot continues to rise, occupancy in newer, non-same-store locations is still below mature levels. As the company slows new construction and works to lease up recently completed facilities, the pace at which those "built but not rented" units fill will influence both revenue growth and the ongoing cost burden associated with underutilized space.
Finally, cost trends deserve attention. Freight and shipping costs, personnel expense, property taxes, and self-insured liability costs all rose during the quarter and could pressure profitability if demand softens. U-Haul's continued share repurchases and its modest dividend signal confidence in the balance sheet, but capital allocation will remain a focal point for investors weighing reinvestment needs against shareholder returns.
Using AI Tools in My Research Process
In reviewing names like U-Haul, I often turn to Tickeron’s AI Screener for quick comparisons across peers. It helps surface relevant technical and fundamental signals without spending hours on manual screens, which keeps my workflow efficient when tracking transportation and storage sectors.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
UHAL's RSI Indicator ascends from oversold territory
The RSI Oscillator for UHAL moved out of oversold territory on October 20, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 33 similar instances when the indicator left oversold territory. In 24 of the 33 cases the stock moved higher. This puts the odds of a move higher at 73%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 30, 2026. You may want to consider a long position or call options on UHAL as a result. In 46 of 79 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 58%.
The Moving Average Convergence Divergence (MACD) for UHAL just turned positive on October 21, 2026. Looking at past instances where UHAL's MACD turned positive, the stock continued to rise in 29 of 43 cases over the following month. The odds of a continued upward trend are 67%.
Following a +5.00% 3-day Advance, the price is estimated to grow further. Considering data from situations where UHAL advanced for three days, in 179 of 307 cases, the price rose further within the following month. The odds of a continued upward trend are 58%.
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where UHAL declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 68%.
UHAL broke above its upper Bollinger Band on November 02, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for UHAL entered a downward trend on November 03, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 1 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is 57 (best 1 - 100 worst), indicating fairly steady price growth. UHAL’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of 65 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is 90 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 97 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.501) is normal, around the industry mean (2.239). UHAL's P/E Ratio (422.357) is considerably higher than the industry average of (31.587). Projected Growth (PEG Ratio) (0.110) is also within normal values, averaging (0.988). Dividend Yield (0.003) settles around the average of (0.034) among similar stocks. P/S Ratio (2.038) is also within normal values, averaging (1.703).
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. UHAL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 70, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Advertisement
General Information
a provider of household and commercial goods moving and storage services
Industry FinanceRentalLeasing
Advertisement