On July 23, United Rentals surged 12.3% in regular trading, trading at $1168.17/share, with turnover of $303 million. The rally was driven by the company's Q2 earnings release, which significantly exceeded market expectations on all key metrics, accompanied by a substantial upward revision to full-year revenue guidance.

Specifically, Q2 total revenue grew 12% year-over-year to $4.41 billion, surpassing the consensus estimate of $4.221 billion. Adjusted earnings per share came in at $12.76, representing a 22% year-over-year increase and beating the analyst estimate of $11.53 by approximately 10.7%. The company raised its full-year fiscal revenue outlook to $17.5 billion-$17.8 billion from the prior range of $16.9 billion-$17.4 billion, exceeding the FactSet consensus of $17.27 billion. Strong demand from large-scale construction and industrial projects underpinned the outperformance. Following the release, BofA Securities raised its price target to $1,300 from $1,195, reflecting continued institutional confidence in the company's fundamentals.

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