at rent-a-center, we're passionate about what we do and who we serve. we all work hard to create the best possible life for ourselves and our families – to enjoy the american dream – and we empower our customers with the ability to enjoy that same dream. we put the buying power in our customers’ hands through flexible payment options so they can enjoy big-ticket items the way they want, when they want. our coworkers embody our family values and play an individual role in making our customers’ dreams come true. with the opportunity to make a difference from day one, our coworkers enjoy rewarding careers and the ability to advance quickly. our commitment to a better life for our customers and coworkers has kept us at the top of the rent-to-own industry, and we're looking for people who share our passion. today, rent-a-center employs about 17,000 people nationwide who serve more than one million customers. rent-a-center owns and operates 2400 stores in 50 states, washington, d.c., canada,
Company profile
Ticker
UPBD
Exchange
Website
CEO
Mitchell Fadel
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
RENT A CENTER INC DE, RENTERS CHOICE INC
SEC CIK
Corporate docs
Subsidiaries
Acima Credit Solutions HoldCo, LLC • Acima Credit Solutions, LLC • Acima Digital, LLC • Acima Holdings, LLC • Acima Leasing Canada, Ltd, a Canada limited company • Braveheart Acquisition, LLC • Get It Now, LLC • Legacy Insurance Co., Ltd. • RAC Acceptance East, LLC • RAC Mexico Holdings ...
IRS number
450491516
UPBD stock data
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
29 May 24
DEFA14A
Additional proxy soliciting materials
16 May 24
10-Q
2024 Q1
Quarterly report
2 May 24
8-K
Upbound Group, Inc. Reports First Quarter 2024 Results
2 May 24
ARS
2023 FY
Annual report to shareholders
23 Apr 24
DEFA14A
Additional proxy soliciting materials
23 Apr 24
DEF 14A
Definitive proxy
23 Apr 24
PRE 14A
Preliminary proxy
5 Apr 24
8-K
Upbound Group, Inc. Announces New Independent Director Molly Langenstein
5 Apr 24
8-K
Departure of Directors or Certain Officers
27 Feb 24
Transcripts
UPBD
Earnings call transcript
2024 Q1
2 May 24
UPBD
Earnings call transcript
2023 Q4
22 Feb 24
UPBD
Earnings call transcript
2023 Q3
2 Nov 23
UPBD
Earnings call transcript
2023 Q2
3 Aug 23
UPBD
Earnings call transcript
2023 Q2
3 Aug 23
UPBD
Earnings call transcript
2023 Q1
4 May 23
UPBD
Earnings call transcript
2023 Q1
4 May 23
UPBD
Earnings call transcript
2022 Q4
23 Feb 23
UPBD
Earnings call transcript
2022 Q4
23 Feb 23
UPBD
Earnings call transcript
2022 Q3
3 Nov 22
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 84.79 mm | 84.79 mm | 84.79 mm | 84.79 mm | 84.79 mm | 84.79 mm |
Cash burn (monthly) | 2.97 mm | 7.24 mm | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 6.16 mm | 15.03 mm | n/a | n/a | n/a | n/a |
Cash remaining | 78.63 mm | 69.76 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 26.5 | 9.6 | n/a | n/a | n/a | n/a |
Institutional ownership, Q4 2023
6.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 35 |
Opened positions | 2 |
Closed positions | 181 |
Increased positions | 8 |
Reduced positions | 12 |
13F shares | Current |
---|---|
Total value | 14.91 bn |
Total shares | 3.61 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Engaged Capital | 2.56 mm | $81.17 mm |
Vintage Capital Management | 506.05 k | $10.80 mm |
New York State Teachers Retirement System | 80.99 k | $2.75 mm |
Raymond James & Associates | 74.60 k | $2.53 bn |
Raymond James Financial Services Advisors | 65.58 k | $2.23 bn |
Kendall Capital Management | 56.07 k | $1.90 bn |
Secure Asset Management | 37.70 k | $1.28 bn |
Hennion & Walsh Asset Management | 28.24 k | $959.35 mm |
State of Alaska, Department of Revenue | 27.38 k | $930.00 k |
Mirae Asset Global Investments | 26.43 k | $897.90 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 Apr 24 | Marino Glenn P | Director Deferred Stock Unit COMMON STOCK | Grant | Acquire A | No | No | 30.87 | 399 | 12.32 k | 34,383 |
22 Apr 24 | Brown Jeffrey J | COMMON STOCK | Buy | Acquire P | Yes | No | 30.68 | 991 | 30.40 k | 83,138 |
22 Apr 24 | Brown Jeffrey J | Director Deferred Stock Unit COMMON STOCK | Grant | Acquire A | No | No | 30.87 | 834 | 25.75 k | 107,480 |
22 Apr 24 | McFate Carol A. | Director Deferred Stock Unit COMMON STOCK | Grant | Acquire A | No | No | 30.87 | 112 | 3.46 k | 33,477 |
22 Apr 24 | Jen You | Director Deferred Stock Unit COMMON STOCK | Grant | Acquire A | No | No | 30.87 | 219 | 6.76 k | 20,025 |
3 Apr 24 | Molly Langenstein | Director Deferred Stock Unit COMMON STOCK | Grant | Acquire A | No | No | 33.45 | 4,335 | 145.01 k | 4,335 |
Press releases
Upbound Group Awards $125,000 to Qualified Recipients through Make a Difference Scholarship Program
31 May 24
Rent-A-Center Opens Store in Espanola, New Mexico
29 May 24
Acima Leasing Emphasizes the Importance of Inclusive Shopping Options with New White Paper
7 May 24
Acima Leasing Secures Exclusive Lease-to-Own Agreement with Levin Furniture & Mattress
16 Apr 24
Upbound Group, Inc. Announces Timing of First Quarter 2024 Financial Results
9 Apr 24