Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries GATX (GATX) Shares Skyrocket, What You Need To Know By: StockStory October 22, 2024 at 14:53 PM EDT What Happened?Shares of leasing services company GATX (NYSE:GATX) jumped 8% in the afternoon session after the company reported a "beat and raise" quarter, with revenue and EPS exceeding analysts' expectations. Looking ahead, the company provided full-year revenue guidance that outperformed Wall Street's estimates and raised its full-year EPS guidance. Notably, demand for railcars remained strong, with North America's fleet utilization at 99.3% and the renewal success rate above 80%. Zooming out, we think this quarter featured some important positives. Is now the time to buy GATX? Access our full analysis report here, it’s free.What The Market Is Telling UsGATX’s shares are not very volatile and have only had 2 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. GATX is up 16.4% since the beginning of the year, and at $140.17 per share, it is trading close to its 52-week high of $150.26 from July 2024. Investors who bought $1,000 worth of GATX’s shares 5 years ago would now be looking at an investment worth $1,780. Do you want to know what moves the business you care about? Add them to your StockStory watchlist and every time a stock significantly moves, we provide you with a timely explanation straight to your inbox. It’s free and will only take you a second. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
GATX (GATX) Shares Skyrocket, What You Need To Know By: StockStory October 22, 2024 at 14:53 PM EDT What Happened?Shares of leasing services company GATX (NYSE:GATX) jumped 8% in the afternoon session after the company reported a "beat and raise" quarter, with revenue and EPS exceeding analysts' expectations. Looking ahead, the company provided full-year revenue guidance that outperformed Wall Street's estimates and raised its full-year EPS guidance. Notably, demand for railcars remained strong, with North America's fleet utilization at 99.3% and the renewal success rate above 80%. Zooming out, we think this quarter featured some important positives. Is now the time to buy GATX? Access our full analysis report here, it’s free.What The Market Is Telling UsGATX’s shares are not very volatile and have only had 2 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. GATX is up 16.4% since the beginning of the year, and at $140.17 per share, it is trading close to its 52-week high of $150.26 from July 2024. Investors who bought $1,000 worth of GATX’s shares 5 years ago would now be looking at an investment worth $1,780. Do you want to know what moves the business you care about? Add them to your StockStory watchlist and every time a stock significantly moves, we provide you with a timely explanation straight to your inbox. It’s free and will only take you a second.
What Happened?Shares of leasing services company GATX (NYSE:GATX) jumped 8% in the afternoon session after the company reported a "beat and raise" quarter, with revenue and EPS exceeding analysts' expectations. Looking ahead, the company provided full-year revenue guidance that outperformed Wall Street's estimates and raised its full-year EPS guidance. Notably, demand for railcars remained strong, with North America's fleet utilization at 99.3% and the renewal success rate above 80%. Zooming out, we think this quarter featured some important positives. Is now the time to buy GATX? Access our full analysis report here, it’s free.What The Market Is Telling UsGATX’s shares are not very volatile and have only had 2 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. GATX is up 16.4% since the beginning of the year, and at $140.17 per share, it is trading close to its 52-week high of $150.26 from July 2024. Investors who bought $1,000 worth of GATX’s shares 5 years ago would now be looking at an investment worth $1,780. Do you want to know what moves the business you care about? Add them to your StockStory watchlist and every time a stock significantly moves, we provide you with a timely explanation straight to your inbox. It’s free and will only take you a second.
