Recent Insider Transactions • Jul 27
Executive VP & CFO recently sold €1.5m worth of stock On the 24th of July, William Grace sold around 2k shares on-market at roughly €995 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. William has been a net seller over the last 12 months, reducing personal holdings by €2.5m. Declared Dividend • Jul 26
Second quarter dividend of US$1.97 announced Shareholders will receive a dividend of US$1.97. Ex-date: 11th August 2026 Payment date: 26th August 2026 Dividend yield will be 0.7%, which is lower than the industry average of 2.3%. Payout Ratios Payout ratio: 18%. Cash payout ratio: 24%. Buy Or Sell Opportunity • Jul 23
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 23% to €1,019. The fair value is estimated to be €845, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.0% over the last 3 years. Earnings per share has grown by 5.6%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Reported Earnings • Jul 23
Second quarter 2026 earnings released: EPS: US$12.04 (vs US$9.59 in 2Q 2025) Second quarter 2026 results: EPS: US$12.04 (up from US$9.59 in 2Q 2025). Revenue: US$4.41b (up 12% from 2Q 2025). Net income: US$753.0m (up 21% from 2Q 2025). Profit margin: 17% (up from 16% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Trade Distributors industry in Europe. Announcement • Jul 09
United Rentals, Inc. to Report Q2, 2026 Results on Jul 22, 2026 United Rentals, Inc. announced that they will report Q2, 2026 results After-Market on Jul 22, 2026 New Risk • Jul 02
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 8.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.3% average weekly change). Minor Risks High level of debt (149% net debt to equity). Significant insider selling over the past 3 months (€22m sold). Buy Or Sell Opportunity • Jun 04
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 22% to €888. The fair value is estimated to be €734, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 7.9% over the last 3 years. Earnings per share has grown by 6.4%. For the next 3 years, revenue is forecast to grow by 7.0% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Announcement • May 21
United Rentals Expands Digital Customer Experience With Equipment Agent Launch In Chatgpt United Rentals announced the expansion of its AI-powered Equipment Agent to be accessible in ChatGPT, giving customers a faster, more intuitive way to identify equipment solutions for complex jobsites and time-sensitive projects. The launch marks the first equipment rental application available in the ChatGPT store, expanding how customers can access United Rentals' expertise within the digital tools they already use every day. Originally launched earlier this year as a first-of-its-kind AI-powered equipment recommendation solution for the equipment rental industry, the Equipment Agent uses a conversational experience to guide customers through key project requirements and quickly connect them to relevant equipment recommendations for the job. The Equipment Agent incorporates fleet knowledge, application expertise and operational insight from across United Rentals’ business. Early usage data indicates customers are leveraging the tool for specification and rental-related queries. The expansion reflects United Rentals’ broader innovation strategy focused on reducing friction for customers, improving access to expertise and building digital experiences that help jobsites operate more safely, efficiently and productively. Recent Insider Transactions • Apr 26
President recently sold €19m worth of stock On the 24th of April, Matthew Flannery sold around 23k shares on-market at roughly €841 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Matthew's only on-market trade for the last 12 months. Reported Earnings • Apr 23
First quarter 2026 earnings released: EPS: US$8.44 (vs US$7.93 in 1Q 2025) First quarter 2026 results: EPS: US$8.44 (up from US$7.93 in 1Q 2025). Revenue: US$3.99b (up 7.2% from 1Q 2025). Net income: US$531.0m (up 2.5% from 1Q 2025). Profit margin: 13% (in line with 1Q 2025). Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Trade Distributors industry in Europe. Announcement • Apr 09
United Rentals, Inc. to Report Q1, 2026 Results on Apr 22, 2026 United Rentals, Inc. announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on Apr 22, 2026 Announcement • Mar 26
United Rentals, Inc., Annual General Meeting, May 08, 2026 United Rentals, Inc., Annual General Meeting, May 08, 2026. Announcement • Mar 12
United Rentals Inc. Introduces AI-Powered Equipment Agent United Rentals, Inc. announced the launch of the Equipment Agent, a first-of-its-kind AI-powered equipment recommendation solution designed specifically for the equipment rental industry. The new digital assistant helps customers discover, compare and select the right equipment for their projects by delivering instant, intelligent equipment rental guidance online. The Equipment Agent provides personalized recommendations based on a customer’s project requirements. Through a conversational interface, customers can describe their job needs in plain language and receive tailored equipment suggestions in seconds, while also comparing equipment types and reviewing key specifications such as capacity, reach, terrain limitations and required accessories. The AI-powered assistant is part of United Rentals’ growing portfolio of digital capabilities designed to help customers manage their equipment needs. By simplifying equipment discovery and providing expert guidance earlier in the planning process, the Equipment Agent helps customers make faster, more confident rental decisions. The solution seamlessly connects users to detailed product pages on unitedrentals.com, streamlining the path from research to reservation. Built using real customer questions and refined through extensive testing by United Rentals sales and equipment experts, the Equipment Agent reflects decades of fleet knowledge and practical jobsite expertise. The Equipment Agent supports United Rentals’ broader innovation strategy, which focuses on combining digital tools, connected equipment and data insights to help customers plan, operate more efficiently and keep projects moving. By applying AI to the equipment discovery process, United Rentals is simplifying how customers identify the right solutions and accelerating the path from project planning to equipment on site. The Equipment Agent also expands how United Rentals delivers its equipment expertise to customers. By connecting users to insights drawn from the company’s extensive fleet, services and jobsite experience, United Rentals is making it easier to access the guidance and resources needed to plan and execute work with confidence. It also represents another step in United Rentals’ ongoing investment in a connected digital ecosystem for the jobsite, where intelligent tools, equipment expertise and one of the industry’s largest fleets work together to support better decision-making. Customers can engage with the digital capabilities that best fit their workflow while seamlessly connecting to United Rentals’ broader network of equipment, services and support. The Equipment Agent is available and can be accessed at unitedrentals.com. New Risk • Mar 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Italian stocks, typically moving 7.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (7.5% average weekly change). Minor Risks High level of debt (150% net debt to equity). Significant insider selling over the past 3 months (€2.7m sold). Announcement • Feb 04
United Rentals, Inc. Appoints Alexander Taussig to Board of Directors, Effective February 4, 2026 United Rentals, Inc. announced that Alexander Taussig has been appointed to the company’s board of directors, effective February 4, 2026. His appointment expands the composition of the board to 11 members, nine of which are independent directors. Mr. Taussig is a Board Partner at Lightspeed Venture Partners, a multi-stage venture capital firm headquartered in Menlo Park, California with over $40 billion in assets under management. He joined Lightspeed in 2016 and has served in multiple roles with investment and management responsibilities, including Partner (2016–2021), Co-Head of the Consumer Practice (2021–2024), and Board Partner (2025–present). Mr. Taussig holds an MBA from Harvard Business School (Baker Scholar, 2009), an MS in Materials Science & Engineering from MIT (2007), and an AB in Physics from Harvard University (2005). Recent Insider Transactions • Feb 03
Executive VP & COO recently sold €1.7m worth of stock On the 2nd of February, Michael Durand sold around 2k shares on-market at roughly €670 per share. This transaction amounted to 36% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Michael has been a net seller over the last 12 months, reducing personal holdings by €2.3m. Declared Dividend • Feb 02
Fourth quarter dividend of US$1.97 announced Shareholders will receive a dividend of US$1.97. Ex-date: 10th February 2026 Payment date: 25th February 2026 Dividend yield will be 1.0%, which is lower than the industry average of 2.3%. Sustainability & Growth Dividend is well covered by both earnings (18% earnings payout ratio) and cash flows (24% cash payout ratio). The dividend has increased by an average of 10% per year over the past 3 years and payments have been stable during that time. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Jan 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 4.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (154% net debt to equity). Share price has been volatile over the past 3 months (4.8% average weekly change). Reported Earnings • Jan 29
Full year 2025 earnings released: EPS: US$38.71 (vs US$38.81 in FY 2024) Full year 2025 results: EPS: US$38.71 (down from US$38.81 in FY 2024). Revenue: US$16.1b (up 4.9% from FY 2024). Net income: US$2.49b (down 3.1% from FY 2024). Profit margin: 16% (down from 17% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Trade Distributors industry in Europe. Buy Or Sell Opportunity • Jan 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to €775. The fair value is estimated to be €971, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Announcement • Jan 16
United Rentals, Inc. to Report Q4, 2025 Results on Jan 28, 2026 United Rentals, Inc. announced that they will report Q4, 2025 results After-Market on Jan 28, 2026 Board Change • Nov 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 3 highly experienced directors. Independent Director Julie Heuer Brandt was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • Oct 27
Now 23% undervalued The stock has been flat over the last 90 days, currently trading at €769. The fair value is estimated to be €992, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Announcement • Oct 09
United Rentals, Inc. to Report Q3, 2025 Results on Oct 22, 2025 United Rentals, Inc. announced that they will report Q3, 2025 results After-Market on Oct 22, 2025 Announcement • Aug 29
United Rentals Expands Digital Platform with Smart Suggestions and Equipment Fit Augmented Reality Capabilities United Rentals, Inc. announced the launch of two new features in its suite of digital tools: Smart Suggestions and Equipment Fit Augmented Reality (AR). These enhancements help customers make faster, more confident rental decisions by anticipating needs and providing greater jobsite visibility before placing an order. Smart Suggestions uses advanced machine learning to recommend equipment based on factors such as customer order history, jobsite data, seasonality and industry trends. The tool predicts what customers are most likely to need next, helping them bypass a full catalog search and move quickly to the right rental option. Early results show a 27% reduction in the time it takes users to identify and order the equipment they need. Equipment Fit AR gives customers the ability to virtually place 3D models of equipment on their jobsite using a mobile device. This feature makes it easier to evaluate equipment dimensions, confirm proper fit, and plan for placement in tight or restricted-access areas. Equipment Fit AR is currently available for select equipment categories, with additional offerings under development. Both tools are designed to simplify the rental experience and improve productivity. United Rentals developed them using direct feedback from contractors and operations teams across North America. These innovations build on United Rentals' expanding portfolio of digital capabilities, which enable customers to browse, reserve, and manage equipment rentals seamlessly from any device. From visualization to smarter checkout, the company continues to enhance its digital platform to meet customers wherever they work. Buy Or Sell Opportunity • Aug 13
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to €786. The fair value is estimated to be €617, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 14%. For the next 3 years, revenue is forecast to grow by 5.8% per annum. Earnings are also forecast to grow by 9.7% per annum over the same time period. Upcoming Dividend • Aug 05
Upcoming dividend of US$1.79 per share Eligible shareholders must have bought the stock before 12 August 2025. Payment date: 27 August 2025. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 0.8%. Lower than top quartile of Italian dividend payers (5.2%). Lower than average of industry peers (2.4%). Announcement • Jul 10
United Rentals, Inc. to Report Q2, 2025 Results on Jul 23, 2025 United Rentals, Inc. announced that they will report Q2, 2025 results After-Market on Jul 23, 2025 Announcement • May 07
United Rentals Highlights Equipment and Training Solutions That Support Jobsite Safety United Rentals, Inc. highlighted equipment, access control and jobsite safety solutions that help contractors protect their crews and worksites. These tools, combined with expert-led training through United Academy, support safer, more efficient operations across every phase of a project. Key Equipment Solutions for Safer Jobsites: Equipment Access Management: Ignition keypad locks and RFID readers restrict equipment use to trained operators, improving accountability and reducing risks like rollovers or struck-by incidents. Cloud-based platforms manage operator credentials and access logs. Temporary Fencing & Smart Turnstiles: Temporary barriers clearly define jobsite perimeters and keep unauthorized personnel out. Smart turnstiles with badge access further secure entry points and track site access. Ground Protection Mats: Access mats stabilize equipment and vehicles on muddy or uneven ground, minimizingipping hazards and reducing trip risks caused by ruts. Jobsite Lighting: Portable LED lights and towable light towers improve visibility in low-light conditions, enhancing safety and craftsmanship. Storage containers with built-in lighting also improve safety during material retrieval. Heating & Cooling Solutions: Portable evaporative coolers and heaters protect workers from extreme temperatures, reducing risks of heat exhaustion or frostbite. Fabric shelters offer climate-controlled break areas on large jobsites. Trench Safety Systems: Trench shields, shoring and sloping systems protect against trench collapses, one of construction's most serious hazards. United Rentals provides engineered trench safety solutions compliant with OSHA standards. Safety Training and Compliance: Team training and certifications are critical to safety operations. United Rentals offers a robust catalog of in-person, online and blended learning options through United Academy, helping crews meet regulatory and site-specific safety requirements. United Rentals will continue the increased focus on safety throughout the month of May, ending at the Indianapolis 500 through a series of videos showcasing the shared commitment to precision, safety and teamwork across teams and motorsports. 
