Billionaire David Abrams’ 10 Stock Picks with Huge Upside Potential

2. U-Haul Holding Co. (NYSE:UHAL.B)

Abrams Capital Management’s Stake: $208.26 million

Number of Hedge Fund Holders: 30

Average Upside Potential as of May 8: 80%

U-Haul Holding Co. (NYSE:UHAL.B) operates as a DIY moving and storage operator for household and commercial goods in the US and Canada. The company’s Moving and Storage segment rents trucks, trailers, portable moving & storage units, specialty rental items, and self-storage spaces to household movers. It also sells moving supplies, towing accessories, and propane.

U-Haul’s Equipment Rental segment generated a $39 million increase in revenue in FQ3 2025, which represented a growth of ~4.5% year-over-year. This improvement surpassed the 1.5% and 1.7% increases seen in FQ1 and FQ2 of the same fiscal year. The growth in equipment rental revenue was driven by continued strength in average revenue per transaction, an increase in In-Town transactions, and additional last-mile revenue towards the end of the quarter.

U-Haul Holding Co. (NYSE:UHAL.B) also made capital expenditures for new rental equipment, which totaled $1.587 billion for the first 9 months of the fiscal year. This was a $237 million increase year-over-year. While proceeds from the sale of retired equipment decreased by $73 million to $521 million due to selling fewer units and lower average sales prices, the company is managing its fleet by adding and deleting trucks to correct imbalances caused by previous supply chain disruptions.