Research Feed
U-Haul Q3 Loss: Cyclical Trough or Structural Decline?
UHAL reported a $37M Q3 loss (vs. +$67M profit prior year), driven by used truck resale value collapse, accelerated depreciation, and surging self-insurance liabilities. This is a doorway state: Either a cyclical bottom with normalization ahead (60%) or structural margin compression persisting (40%)
U-Haul: Cyclical Trough with Insider Accumulation Signal
Q3 FY2026 earnings (quarter ended Dec 31, 2025): Net loss of $37.0M vs. profit of $67.2M same quarter last year. EPS ($0.18) vs. $0.35. That's a $104M swing. Chairman Joe Shoen's exact words in the 8-K: "We continue to undermine earnings with fleet depreciation and poor resale results. I expect that