EquipmentShare Lifts Guidance Again, Stock Jumps 16% on $500M Buyback
EQPT is trading near its 52-week low of $15.95 (14% above the low).
Summary
EquipmentShare raised its full-year 2026 revenue guidance to $5.25–$5.68 billion and adjusted EBITDA to $1.96–$2.06 billion, citing strong demand and fleet utilization. The board also authorized a $500 million share buyback, signaling confidence. Shares surged 16% to $18.56 in Friday trading, though the stock remains down 44% since its January IPO. This follows yesterday's initial guidance boost and the recent closing of a $1.35 billion debt offering.
At the time of this announcement, EQPT was trading at $18.16 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $4.6B. The 52-week trading range was $15.95 to $35.50. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.