VRRM Stock Recent News

Investors interested in stocks from the Security and Safety Services sector have probably already heard of Assa Abloy AB (ASAZY) and VERRA MOBILITY CORP (VRRM). But which of these two stocks presents investors with the better value opportunity right now?

Verra Mobility president and CEO David Roberts joins 'The Exchange' to discuss innovations in smart mobility, David's outlook for the future of mobility, and more.

Verra Mobility Corporation (VRRM) Q4 2023 Earnings Call Transcript

Verra Mobility reported solid Q3 results, driven by increased travel, cashless tolls, and government initiatives for highway safety. Recent California legislation could present a significant growth opportunity for the firm. VRRM stock remains a "Buy" given its strong execution and growth potential.

Verra Mobility recently posted decent quarterly results with a 6.2% increase in revenue. The company has potential for growth once domestic travel picks up, but investing at current high levels may not be rewarding. Technical analysis suggests a possible correction in the stock, so caution is advised before buying.

The GARP strategy helps investors gain exposure to stocks that have impressive prospects and are trading at a discount. GIC, NVDA, ADBE and VRRM are some stocks that hold promise.

Verra Mobility Corporation. (NASDAQ:VRRM ) Q3 2023 Earnings Conference Call November 9, 2023 12:00 PM ET Company Participants Mark Zindler - Vice President of Investor Relations David Roberts - President & CEO Craig Conti - CFO Conference Call Participants Faiza Alwy - Deutsche Bank Nikolai Cremo - UBS Daniel Moore - CJS Securities Keith Housum - Northcoast Research James Faucette - Morgan Stanley Louie DiPalma - William Blair David Koning - Robert W.

The set-up for Verra Mobility is interesting as de-SPACs are unloved by the market and risks regarding customer concentration and competition are misunderstood. I believe the company is able to grow high-single digits, given its "monopoly"-like market position. There is additional growth upside as there is a lot of white space to capture in Europe using the same playbook they have in the US. The company is highly cashflow-generative. Over the next three years, the majority of it will be used for value creative capital returns to shareholders (M&A and/or buybacks).

Verra Mobility Corporation (NASDAQ:VRRM ) Q1 2023 Earnings Conference Call May 4, 2023 5:00 PM ET Company Participants Mark Zindler - Vice President, Investor Relations David Roberts - Chief Executive Officer Craig Conti - Chief Financial Officer Conference Call Participants Daniel Moore - CJS Securities Faiza Alwy - Deutsche Bank Louie Dipalma - William Blair Keith Housum - Northcoast Research Partners Operator Good afternoon, ladies and gentlemen, and welcome to Verra Mobility's First Quarter 2023 Earnings Conference Call. At this time all lines are on listen-only mode.

VERRA MOBILITY CORP (VRRM) delivered earnings and revenue surprises of 13.64% and 0.92%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?