Element Fleet Management ( (TSE:EFN) ) has provided an update.
Element Fleet Management Corp. reported record financial results for 2024, with net revenue reaching $1.1 billion, driven by an 18% increase in services revenue and a 9% rise in net financing revenue. The strong performance facilitated strategic investments for future growth, maintaining adjusted operating margins within the guidance range. The company reaffirmed its 2025 guidance, anticipating continued growth in net revenue and financial metrics, supported by robust client demand and a growing pipeline.
More about Element Fleet Management
Element Fleet Management Corp. is the largest publicly traded, pure-play automotive fleet manager in the world. The company specializes in providing fleet management services and solutions, focusing on automotive fleets with a high-recurring-revenue business model.
YTD Price Performance: -0.54%
Average Trading Volume: 38,703
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $8.16B
Learn more about EFN stock on TipRanks’ Stock Analysis page.