$EFN.TO

Element Fleet Management in Multi-Year Partnership With Waymo

Element Fleet Management (EFN.TO) Monday announced a multi-year partnership with Waymo to support the large-scale deployment and operation of self-driving fleets.Element Mobility will provide end-to-end fleet management and operational services to Waymo, including vehicle lifecycle management, charging infrastructure and energy management. Waymo will offer its ride-hailing service to the public through the Waymo app, while maintaining responsibility for the Waymo Driver's validation and performance, a statement said.The partnership will initially launch in San Diego and expand to other markets over time.Element Fleet shares closed up $0.55, to $26.57 on Friday on the Toronto Stock Exchange.

TSX Closer: The Index Posts a Fresh Record Close; Morningstar On Best- and Worst-Performing Canada Stocks

The resources-heavy Toronto Stock Exchange closed at a fresh record high on Tuesday, boosted by higher commodity prices and confidence the equity market fundamentals in place for most of the last two months will continue.The S&P/TSX Composite Index closed up 434.57 points, or 1.25%, to 35,169.46, with most sectors higher. The prior record close of 34,830 was set on May 25.The index was led higher by Base Metals, up 4%, followed by the Battery Metals Index, up 2.7%, and then Energy, up 2.4%. In contrast, Health Care was down 1.2% and Telecom down near 0.75%.According to FactSet the TSX was, going in to today, up 10.91% from its 2026 closing low of 31,317.41 hit Friday, March 20, and year to date up 3,022.13 points or 9.53%.Morningstar Canada published a note entitled 'Best- and Worst-Performing Canadian Stocks' in which it notes The Morningstar Canada Large-Mid Cap Index rose 2.35% in May, amid a rally in the communication-services sector. The index tracks the top 90% of the Canadian investable universe by market cap, and each month, Morningstar screens it for the best- and worst-performing companies.Among the best performing stocks of May 2026, Morningstar cited Capstone Copper (CS.TO), HudBay Minerals (HBM.TO), First Quantum Minerals (FM.TO), Air Canada (AC.TO) and Lundin Mining (LUN.TO).Among the worst performing stocks of May 2026, it cited Stantec (STN.TO), GFL Environmental (GFL.TO), Element Fleet Management (EFN.TO), Energy Fuels (EFR.TO) and WSP Global (WSP.TO).Of commodities, gold was higher late afternoon Tuesday, but fell back from early highs as the dollar rose. Gold for July delivery was last seen up US$11.30 to US$4,517.60 per ounce, after earlier touching $4,571.30.Also, West Texas Intermediate crude oil closed higher, rising off session lows following reports Iran is considering a new U.S. peace deal to end the war, a day after prices surged after the two sides appeared to be on the brink of resuming hostilities. WTI crude oil for July delivery closed up $1.60 to settle at US$93.76 per barrel, after earlier touching US$90.12. August Brent oil was up US$1.01 to US$95.99.

Element Fleet Management to Sell Senior Notes Via Proposed Private Offering

Element Fleet Management (EFN.TO) intends to sell senior unsecured notes in a proposed private offering that will not be registered under the Securities Act of 1933, as amended, subject to market and other conditions, it said on Tuesday.The company intends to use proceeds from the notes offering for working capital and general corporate needs, which may include the repayment of existing indebtedness, it said.The notes will not be registered under the Securities Act or any state securities laws in the United States and may not be offered or sold in the United States absent registration or an applicable exemption from the registration needs, it added.Shares of the company were last seen down 1.5% at $27.7 on the Toronto Stock Exchange.Price: $27.75, Change: $-0.38, Percent Change: -1.35%

Element Fleet Management Price Target Lowered at RBC, TD

Analysts at RBC Capital Markets and TD Securities lowered their price targets on Element Fleet Management Corp. (EFN.TO) to $40 from $47, and to $38 from $41, respectively, on Friday.RBC analyst Bart Dziarski maintained an Outperform rating on shares of the Toronto-based automotive fleet management company following its quarterly results, reported after market close on Wednesday.The stock declined $2.07, or 6.7%, to $28.90 on the Toronto Stock Exchange Thursday."EFN traded down 7% despite an in-line quarter, which marks the 2nd consecutive quarter of meaningful move down following in-line results (in Q4/25 EFN traded down 4%)," Dziarski said in a note to clients."Management maintained 2026 guidance and we believe the bar for delivering strong results for the remainder of the year has been raised particularly for service revenue growth (+6% YoY in Q1/26) to accelerate to 10%+," the analysts said.TD analyst Graham Ryding maintained a Buy rating on Element."We believe investors have concerns over the softer 'capital light' services revenue growth (vs. double-digits in 2022-2024) and originations (-4% y/y in Q1/26)," Ryding said in a note to clients."Valuation may remain compressed until EFN shows better execution here," the analyst said.

Earnings Flash (EFN.TO) Element Fleet Management Reports Q1 Revenue US$323.5M, Up 17% YoY

Earnings Flash (EFN.TO) Element Fleet Posts Q1 Adjusted EPS US$0.35 per Share, Up 24%

CIBC Confirms Outperformer Rating and Target of $41.00 on Element Fleet Management Ahead of Q1 Results

CIBC Capital Markets maintained its outperformer rating on the shares of Element Fleet Management (EFN.TO) and its C$41.00 price target ahead of the company's first-quarter financial results.The bank expects a "solid" Q1 result. CIBC believes beats on originations and servicing income "could restore positive share price momentum".CIBC said its Q1 earnings per share estimate of $0.34 is unchanged and in line with consensus and implies a year-over-year (y-o-y) growth of 22%. It forecast 70% y-o-y growth in syndication revenue."We maintain our Outperformer rating premised on the expectation for 15% EPS growth in 2026 and a P/E multiple that is no longer over extended," said analyst Paul Holden. "We expect increasing attention on originations as EFN missed its 2025 and 2024 origination guidance."The bank's Q1 revenue forecast of $314 million implies 14% y-o-y growth. It also modeled Q1 expense growth of 7% y-o-y, with an operating margin of 57.6%.Price: $32.47, Change: $+0.13, Percent Change: +0.40%