VERRA MOBILITY Corp
No SEC Form 4 filings for $VRRM in the last 30 days.
Verra Mobility shares fell about 71% in Wednesday trading to $3.7550, after Avis Budget Group issued a contract termination notice and Verra Mobility revised its full-year 2026 outlook, according to the article. The company said it will cut costs and reallocate resources. It now projects 2026 revenue of $985 million–$995 million and adjusted EPS of $1.19–$1.25.
Verra Mobility (VRRM) shares fell 72.7% after Avis Budget Group terminated a service agreement effective September 2026. Avis accounted for over 10% of Verra’s 2025 revenue, and Verra said it was “surprised and disappointed,” cutting 2026 guidance: annualized revenue down $135M–$145M and segment profit down $120M–$125M. Full-year revenue forecast was lowered to $985M–$995M; Deutsche Bank and Baird downgraded.
JPMorgan Chase & Co. downgraded Verra Mobility (NASDAQ:VRRM) from “neutral” to “underweight” and set an $8.00 price objective, implying 38.84% downside versus the prior close. Other analysts also adjusted targets. Verra reported $0.25 EPS and $223.57M revenue in its May 6 quarter; FY2026 guidance is 1.320–1.380 EPS.
