The company now projects total revenue between $5.81 billion and $6.05 billion, a sharp increase from its previous target of $5.25 billion to $5.68 billion. This updated outlook comfortably exceeds the $5.58 billion consensus estimate held by analysts polled by FactSet.

Chief Executive Jabbok Schlacks attributed the optimism to sustained customer demand and high fleet utilization rates across the company’s network. He noted that maturing rental locations are driving growth, providing a stable foundation even as the company works to recover its year-to-date market losses.