As renters move out of cities to nearby spacious neighborhoods, shares of U-Haul’s struggling parent company have revived. WSJheard explains how this trend may outlast the pandemic. WSJWhatsNow
The much talked about exodus from the big cities appears to be playing out, according to fresh data from Zillow. Shares of still depressed U-Haul parent company Amerco stand to move on this trend.
Amerco reported earnings for its first fiscal quarter of 2021 last week, which showed signs that business recovery is well under way. After a big fourth quarter that saw overall sales grow more than 13% year-over-year, sales for the quarter ended June 30 fell nearly 9%, as the coronavirus pandemic initially stopped consumers in their...
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