By: Rob Wertheimer

Our thesis: URI is structurally undervalued and also has cyclical upside. The market is focused on the risk of operating in a fragmented industry with low differentiation. Results strongly suggest URI has a large enough operational and competitive advantage to turn this fragmentation positive. There are years of growth runway ahead, both for the rental category versus ownership, as data proves out the benefits of renting, and as the industry consolidates.

URI Report Here