U-Haul Holding Company (UHAL) Stock Price & How to Invest

U-Haul Holding Company, renamed from AMERCO in late 2022 and headquartered in Reno, Nevada, runs three operations under one roof. Moving and Storage is the bulk of it: self-moving equipment rental through more than ~25,000 locations across all ~50 states and ~10 Canadian provinces, a fleet of roughly ~207,600 trucks, ~136,500 trailers and ~43,200 towing devices, plus U-Box portable containers and hitch installation. The company is the third largest self-storage operator in North America, with about ~1,147,300 rentable units and ~100.3 million square feet at owned and managed facilities, and it is the largest propane retailer in the United States. Two insurance subsidiaries sit alongside: Repwest writes property and casualty coverage tied to the rental business, and Oxford Life sells life products and annuities. As of March 31, 2026 the company employed about ~32,600 people in the United States and ~2,100 in Canada.

The investment picture is a gap between accounting profit and cash. Fiscal 2026, which ended March 31, brought revenue of about ~$6.04 billion, up roughly ~3.6%, while net earnings fell to about ~$83.1 million from ~$367.1 million a year earlier and the March quarter posted a loss of about ~$127.8 million. The cause was not weak demand. Total depreciation rose to about ~$1.18 billion from ~$972 million, losses on disposing of retired rental trucks cost about ~$117.6 million year over year, insurance liability costs added about ~$76.4 million, and interest expense climbed to about ~$364.8 million. Operating cash flow was still about ~$1.79 billion. The June 2026 quarter showed the first turn, with revenue of about ~$1.68 billion and a small gain on truck disposals after several quarters of losses. At a market value of roughly ~$13.5 billion across both share classes, the central question is whether fiscal 2026 marked a cyclical trough in truck resale values and storage lease-up or a permanent step up in what it costs to run this fleet.

Reported earnings have collapsed relative to the share price, leaving a trailing price-to-earnings ratio around ~210x that offers no support if the depreciation cycle lasts longer than management expects. The self-storage development pipeline of roughly ~12 million square feet adds cost immediately and revenue slowly, and same-store occupancy has fallen for several quarters while the industry absorbs a national supply wave. Rising interest expense against about ~$8.15 billion of debt compounds that pressure. Demand for moving equipment is tied to housing turnover, which has stayed weak, and used-vehicle prices remain outside the company's control. The Shoen family controls about ~50.1% of the voting stock, so minority holders of UHAL have limited practical influence and related-party arrangements with entities such as SAC Holdings and Mercury are a standing feature.

3 analysts publish price targets on UHAL, averaging $87.62 against a $69.47 price as of August 2026, or +26.1%. The published targets run from $73.85 to $99.00, a narrow spread, and the ratings split 1 buy, 1 hold, 0 sell. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full UHAL forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on U-Haul Holding Company. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. The used-truck resale cycle. U-Haul buys trucks, rents them for years, then sells them, and the resale price sets how much of the fleet's cost lands in earnings. The most optimistic published target, $99.00, assumes this works close to its best case.

The case against. Reported earnings have collapsed relative to the share price, leaving a trailing price-to-earnings ratio around ~210x that offers no support if the depreciation cycle lasts longer than management expects. The most pessimistic target, $73.85, is roughly what UHAL is worth if this bites instead.

Read the full bull and bear case on UHAL, including what would have to change to break either one. Walnut is not an investment adviser.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see U-Haul Holding Company's investor relations page or your broker.

• Revenue (TTM): ~$6.09B
• FY2026 revenue: ~$6.04B (+3.6%)
• FY2026 net earnings: ~$83.1M (from ~$367.1M)
• Q1 FY2027 revenue: ~$1.68B (+3.2% YoY)
• Market cap (both classes): ~$13.5B
• Total debt: ~$8.15B (~4.4x net debt to adjusted EBITDA)

The trailing multiple looks extreme, around ~210x, because fiscal 2026 net earnings of about ~$83.1 million sit under about ~$1.18 billion of depreciation while operating cash flow was about ~$1.79 billion. Book value is a steadier reference: stockholders' equity of about ~$7.66 billion against roughly ~195.9 million total shares works out near ~$39 per share, against a UHAL quote around ~$69. Moving and Storage adjusted EBITDA of about ~$1.64 billion on a trailing basis is the figure management itself points to.

Other names that sit close to UHAL: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get UHAL exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so UHAL sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where UHAL fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

UHAL is a real-asset business whose cash generation looks nothing like its reported earnings, so the case rests on storage lease-up and a recovering used-truck market rather than on the current profit line.

Whether UHAL is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is UHAL a buy or a sell?, and where the stock could go from here in the UHAL stock forecast.

For income investors, whether UHAL pays a dividend and how the payout looks is covered in does UHAL pay a dividend? And to weigh UHAL against a peer, read the full side-by-side comparisons: UHAL vs CAR and UHAL vs R.