Stock of the Day - December 13, 2023

U-Haul (UHALB)

$60.43

+$0.18 (+0.3%)

Market Cap: $10.59B

About U-Haul

AMERCO 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, specialty rental items, and self-storage spaces primarily to the household movers; and sells moving supplies, towing accessories, and propane.

It also provides uhaul.com, an online marketplace that connects consumers to independent Moving Help service providers and independent self-storage affiliates; auto transport and tow dolly options to transport vehicles; and specialty boxes for dishes, computers, flat screen television, and sensitive electronic equipment, as well as tapes, security locks, and packing supplies. This segment rents its products and services through a network of approximately 2,100 company operated retail moving stores and 21,100 independent U-Haul dealers. As of March 31, 2022, it had a rental fleet of approximately 186,000 trucks, 128,000 trailers, and 46,000 towing devices; and 1,844 self-storage locations with approximately 876,000 rentable storage units. The company's Property and Casualty Insurance segment offers loss adjusting and claims handling services. It also provides moving and storage protection packages, such as Safemove and Safetow packages, which offer moving and towing customers with a damage waiver, cargo protection, and medical and life insurance coverage; Safestor that protects storage customers from loss on their goods in storage; Safestor Mobile, which protects customers stored belongings; and Safemove Plus, which provides rental customers with a layer of primary liability protection. The company's Life Insurance segment provides life and health insurance products primarily to the senior market through the direct writing and reinsuring of life insurance, medicare supplement, and annuity policies. AMERCO was founded in 1945 and is based in Reno, Nevada.

Today's Trend

U-Haul Holding Company (NASDAQ: UHALB) is getting a small lift in attention today, but the news flow is mostly neutral to slightly negative for investors because it is driven by unrelated publicity and crime headlines rather than business fundamentals.

Multiple entertainment stories about Jimmy Kimmel offering or renting a U-Haul to Spencer Pratt are keeping the brand in the spotlight, but the coverage is largely humorous and does not appear to affect U-Haul’s operations or earnings. Jimmy Kimmel Offers Spencer Pratt U-Haul to Leave L.A. After Election
Similar follow-up coverage and social-media reactions around the same U-Haul joke may increase brand awareness, but the impact on the stock is likely limited and speculative. Jimmy Kimmel Rents Spencer Pratt a U-Haul After L.A. Mayoral Race Loss
There were also several crime and accident reports involving stolen or misused U-Haul trucks, which keep the brand name in headlines but do not indicate a direct business issue for U-Haul Holding Company. Woman accused of trying to kill man with U-Haul truck in Union County
Additional reports of theft and a fatal crash involving a stolen U-Haul are negative for the company’s public image, but they are isolated incidents and are unlikely to materially move the stock on their own. Couple moving to Minneapolis loses almost all belongings in U-Haul theft

Overall, UHALB appears to be trading higher mainly because of broader attention to the brand, not because of any clear operating update, earnings news, or fundamental catalyst.

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U-Haul (UHALB)

About U-Haul

Today's Trend

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