McGrath RentCorp stock fell 3.15 percent on October 7, 2026

Published on 10/08/2026 at 04:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

McGrath RentCorp stock fell 3.15 percent on October 7, 2026. A director sold 7,500 shares, while Q3 results are scheduled for October 28.

MGRC, US5805891091, Illustration mit AI erstellt.

McGrath RentCorp stock (ISIN US5805891091) fell 3.15 percent on October 7, 2026, on Nasdaq. The move followed a director transaction disclosed by MarketBeat on October 2, 2026, which reported that Joseph Hanna sold 7,500 shares for USD 862,800 at an average price of USD 115.04 under a pre-arranged Rule 10b5-1 plan.

Q2 results missed consensus

MarketBeat reported that McGrath RentCorp posted Q2 2026 EPS of USD 1.37 against consensus of USD 1.47. Q2 revenue reached USD 221.11 million, compared with the USD 236.51 million estimate.

The revenue shortfall was USD 15.40 million, while EPS missed by USD 0.10. The figures give the October price move a more specific operating backdrop than the insider transaction alone.

Results date sets the next checkpoint

McGrath RentCorp is scheduled to release Q3 2026 results after regular trading on October 28, 2026, according to the company's investor-relations page. The company also lists a conference call at 5:00 p.m. ET on the same date.

The company describes itself as a North American business-to-business rental provider, with operations in modular solutions, portable storage and electronic test equipment. Its latest reported quarter ended June 30, 2026, making the October release the next fresh operating checkpoint.

Consensus target stays above the stock

The consensus cited by MarketBeat was Hold from three analysts, with one Buy and two Hold ratings and an average price target of USD 140.00. That target lies 22.5 percent above the USD 114.26 price used for the October 7 market reference.

The valuation picture therefore combines a target above the stock with a recent quarterly miss. The next report will show whether the operating trends cited by management can narrow the gap between reported performance and analyst expectations.

MGRC stock remains below its yearly high

MGRC was last at USD 114.26 on Nasdaq on October 7, 2026 at 4:00 p.m. ET, with a day range of USD 113.89 to USD 118.40. The 52-week range was USD 94.99 to USD 125.83, and market capitalization was USD 2.8 billion.