AMERCO (UHAL) is the parent company of U-Haul International, the largest consumer truck rental company in the world. It is also the second largest self-storage company in North America.
The impact of the decline in housing and a decrease in apartment occupancy rates appears to have ended. Third quarter transactions improved as the quarter progressed.
Based on a low valuation of EBITDAL and discounting the aforesaid factors, we continue to rate the stock Outperform with a price target of $60.00 a share.Zacks Investment Research
