Element Fleet Management (OTCMKTS:ELEEF) Shares Gap Up - Time to Buy?

Key Points

• Pre-market gap up: ELEEF opened at $23.03 after closing at $22.03 and last traded around $23.15 on light volume (515 shares), remaining below its 50‑day ($23.76) and 200‑day ($25.22) moving averages.
• Analyst sentiment turned positive after Jefferies upgraded the stock to a "buy" on Feb. 23, and the firm now has a consensus rating of Buy (one Strong Buy, four Buy ratings).
• Recent quarter missed estimates as EPS was $0.33 versus $0.34 expected and revenue was $313.0M versus $317.79M expected, a narrow miss on both metrics.

Element Fleet Management Corp. (OTCMKTS:ELEEF - Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $22.03, but opened at $23.03. Element Fleet Management shares last traded at $23.1465, with a volume of 515 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded shares of Element Fleet Management to a "buy" rating in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy".

Element Fleet Management Stock Up 2.0%

The firm has a 50 day moving average price of $23.76 and a 200-day moving average price of $25.22.

Element Fleet Management (OTCMKTS:ELEEF - Get Free Report) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.01). The firm had revenue of $313.00 million during the quarter, compared to analysts' expectations of $317.79 million.

Element Fleet Management Company Profile

Element Fleet Management OTCMKTS: ELEEF is a leading global fleet management company headquartered in Toronto, Ontario. It provides comprehensive fleet leasing and management solutions for corporate and public sector clients, aiming to optimize vehicle acquisition, utilization and disposal strategies. The company focuses on delivering customizable programs that enhance operational efficiency and reduce total cost of ownership for light-, medium- and heavy-duty vehicles across diverse industries.

Element’s service portfolio encompasses full-service leasing and financing, maintenance management, policy administration, telematics and data analytics, fuel management and end-of-lease remarketing.

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