United Rentals (URI) Rallies Past Moving Averages Amid Strong Quarterly Results

United Rentals, Inc. (URI) shares advanced 4.2% on November 11, 2026, closing at $1150.80. The gain extended a recent run for the equipment rental provider, bringing its year-to-date increase to 43.3% and keeping it near the upper boundary of its 52-week trading range between $701.59 and $1202.12.

The rally follows a sequence of technical milestones, including URI crossing above its 20-day moving average and its 50-day moving average of $1,055.98. The stock's performance has been supported by strong fundamentals after the company reported quarterly earnings on Wednesday, October 21st. Quarterly revenue increased 15.7% year over year to $4.89 billion, beating the estimated $4.71 billion, while earnings reached $15.55 per share against an expected $13.97. The company announced a quarterly dividend of $1.97 per share payable on Wednesday, November 25th to investors of record as of Wednesday, November 11th.

Wall Street opinions reflect general optimism. Zacks Investment Research placed URI at a Zacks Rank #1 (Strong Buy), pointing to eight upward revisions and zero downward revisions for full-year earnings estimates over the last two months. Data compiled by MarketBeat shows URI carries an average Moderate Buy rating with an average price target of $1,238.53. In late October, Truist Financial lifted its target to $1,450.00 with a buy rating, Royal Bank Of Canada raised its target to $1,392.00 with an outperform rating, and Bank of America lowered its target to $1,050.00 while maintaining a buy rating.

Despite positive momentum, valuation metrics from GuruFocus label the stock as modestly overvalued. GuruFocus calculated URI's intrinsic GF Value at $957.32, indicating the stock traded 20.2% above fair value at $1150.80. Its price-to-earnings ratio reached 25.3x, sitting 41% above its five-year median of 18.0x. Additionally, corporate insiders sold $30.5M in stock against $0.1M in purchases over the past 12 months, resulting in net sales of $30.4M.

Operationally, United Rentals closed the third quarter on September 30, 2026, with a network of 1,795 locations worldwide, including 1,686 across North America. The company's rental fleet represented an original equipment cost of $24.77 billion across roughly 4,800 classes of equipment, serving customers through its General Rentals and Specialty business segments.