Review of Element Fleet Management Corp

AUG 06, 2024 - Element Fleet Management Corp. (EFN) is the largest publicly traded pure play automotive fleet manager in the world. EFN provides business-to-business (B2B) services and financing to corporations, governments, and not-for-profits which operate fleets of mission critical vehicles. While the company is increasingly becoming a services business, leasing activities are still a large proportion of net revenue. General tailwinds of digitization, electrification, and lower interest rates could all potentially be positive catalysts. The business becoming increasingly capital light makes us like it even more, and a lower rate environment will help drive leasing demand. We are initiating coverage at a ‘B.’

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Read Answer Asked by David on July 28, 2025

Element Fleet Management Corp. (EFN $36.63)
- $36.63 P/E (TTM): 27.02X Cap: $14.70B
- View EFN Profile
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Q: I have had EFN on a buy watchlist but always hesitated because CFRA, a firm whose analyses I have found useful and reliable, gave EFN a poor rating. Last week RBC’s Toronto office initiated coverage and rated EFN its ‘top growth stock’. Please give your own analysis and comments on EFN, including possible vulnerability to tariff flip-flops; soundness of business model; competitive position; and strength of management. Share value has risen rapidly and EFN is at 52-week highs. I am tempted to wait for a better price, but good companies have a habit of 'running away' from one.

Read Answer Asked by Adam on July 01, 2025

Element Fleet Management Corp. (EFN $36.63)
- $36.63 P/E (TTM): 27.02X Cap: $14.70B
- View EFN Profile
- View Questions on EFN
- View Reports on EFN

Q: With regards to EFN.TO. It was extremely volatile on Monday, Feb. 3, 2025 when the US tariffs were due to be implemented against Canada. It looks like EFN price dropped as much as 12% compared to it's previous Friday close but it seem to recover and ended up with a drop of 1%. Can you please give your take on this behaviour and what entry price might be reasonable considering the tariff climate (or wait). Many thanks.

Read Answer Asked by Ian on February 05, 2025