Rent-A-Center, Inc., together with its subsidiaries, leases household durable goods to customers on a lease-to-own basis. The company operates in four segments: Rent-A-Center Business, Preferred Lease, Mexico, and Franchising. It offers furniture and accessories, appliances, consumer electronics, computers, tablets and smartphones, tools, tires, handbags, and other accessories under rental purchase agreements. The company also provides merchandise on an installment sales basis; and the lease-to-own transaction to consumers who do not qualify for financing from the traditional retailer through kiosks located within retailer's locations. It operates retail installment sales stores under the Get It Now and Home Choice names; lease-to-own and franchised lease-to-own stores under the Rent-A-Centre, ColorTyme, and RimTyme names; and rentacenter.com, an e-commerce platform. As of December 31, 2020, the company owned and operated approximately 1,845 stores in the United States and Puerto Rico, including 44 retail installment sales stores; 45 preferred lease staffed locations in North Carolina; and 121 stores in Mexico, as well as franchised 462 lease-to-own stores in 33 states. Rent-A-Center, Inc. was founded in 1960 and is headquartered in Plano, Texas.
IPO Year: 1995
Exchange: NASDAQ
Website: rentacenter.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/6/2023 | $30.00 | Buy → Hold | Loop Capital |
| 12/5/2022 | $40.00 | Buy | Craig Hallum |
| 6/29/2022 | $42.00 | Overweight → Equal-Weight | Stephens |
| 2/25/2022 | $65.00 → $40.00 | Strong Buy → Outperform | Raymond James |
| 2/25/2022 | $68.00 → $44.00 | Overweight | Keybanc |
| 11/5/2021 | $70.00 → $65.00 | Strong Buy | Raymond James |
| 11/5/2021 | $75.00 → $68.00 | Overweight | Keybanc |
| 8/25/2021 | $85.00 | Buy | BofA Securities |
| 8/12/2021 | Neutral → Buy | Janney Montgomery Scott |
Loop Capital downgraded Rent-A-Center from Buy to Hold and set a new price target of $30.00
Craig Hallum initiated coverage of Rent-A-Center with a rating of Buy and set a new price target of $40.00
Stephens downgraded Rent-A-Center from Overweight to Equal-Weight and set a new price target of $42.00
Raymond James downgraded Rent-A-Center from Strong Buy to Outperform and set a new price target of $40.00 from $65.00 previously
Keybanc reiterated coverage of Rent-A-Center with a rating of Overweight and set a new price target of $44.00 from $68.00 previously
Raymond James reiterated coverage of Rent-A-Center with a rating of Strong Buy and set a new price target of $65.00 from $70.00 previously
Keybanc reiterated coverage of Rent-A-Center with a rating of Overweight and set a new price target of $68.00 from $75.00 previously
BofA Securities initiated coverage of Rent-A-Center with a rating of Buy and set a new price target of $85.00
Janney Montgomery Scott upgraded Rent-A-Center from Neutral to Buy
Raymond James reiterated coverage of Rent-A-Center with a rating of Strong Buy and set a new price target of $70.00 from $65.00 previously
4 - UPBOUND GROUP, INC. (0000933036) (Issuer)
4 - UPBOUND GROUP, INC. (0000933036) (Issuer)
4 - UPBOUND GROUP, INC. (0000933036) (Issuer)
4 - UPBOUND GROUP, INC. (0000933036) (Issuer)
4 - UPBOUND GROUP, INC. (0000933036) (Issuer)
4 - UPBOUND GROUP, INC. (0000933036) (Issuer)
4 - UPBOUND GROUP, INC. (0000933036) (Issuer)
4 - UPBOUND GROUP, INC. (0000933036) (Issuer)
4 - UPBOUND GROUP, INC. (0000933036) (Issuer)
4 - UPBOUND GROUP, INC. (0000933036) (Issuer)
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4 - UPBOUND GROUP, INC. (0000933036) (Issuer)
PLANO, Texas--(BUSINESS WIRE)--Rent-A-Center, Inc. (the “Company”) (NASDAQ/NGS: RCII) announced that its Board of Directors has approved an increased quarterly cash dividend of $0.31 per share for the first quarter of 2021. The dividend will be paid on January 12, 2021 to the Company’s common stockholders of record as of the close of business on December 15, 2020. About Rent-A-Center, Inc. Rent-A-Center, Inc. (NASDAQ: RCII) is an industry leading omni-channel lease-to-own provider for the credit constrained customer. The Company focuses on improving the quality of life for its customers by providing access and the opportunity to obtain ownership of high-quality, durable products v
Upbound Group, Inc. (NASDAQ:UPBD), a leading provider of technology-driven, flexible leasing solutions for consumers, recently partnered with Scholarship America to award customers, customers' children and coworkers' children with $100,000 in scholarships through the Make a Difference Scholarship program. This was company's 19th year working with Scholarship America to award 40 qualified current and prospective students each with $2,500 for their higher education expenses. Recipients were selected based on academic record, demonstrated leadership, participation in school, community involvement, honors, work experience, statement of goals/aspirations, and unusual personal or family circums
Total Revenue of $990 Million for Fourth Quarter and $4.2 Billion for Full Year GAAP Diluted EPS $0.05 for Fourth Quarter and $0.21 for Full Year Non-GAAP Diluted EPS $0.86 for Fourth Quarter and $3.70 for Full Year Full Year Cash From Operations $468 Million and Free Cash Flow $407 Million Announces Corporate Name Change to Upbound Group, Inc. (UPBD) Rent-A-Center, Inc. (the "Company" or "Rent-A-Center") (NASDAQ:RCII), now known as Upbound Group, Inc. (the "Company" or "Upbound") (NASDAQ:UPBD, effective February 27, 2023))) today announced results for the quarter and year ended December 31, 2022. "We are encouraged by the Company's fourth quarter performance as we executed well on ou
Upbound™ combines the Company's capabilities and resources under a unified enterprise brand Rent-A-Center, Inc., the ultimate parent entity for Rent-A-Center®, Acima® and other consumer brands, today announced it will now be known as Upbound Group, Inc. (the "Company" or "Upbound"), an omni-channel platform company that enables a broader range of consumers to access flexible financial solutions. The Company will begin to trade under the ticker NASDAQ: UPBD starting on February 27th. "Two years ago, Rent-A-Center, Inc. closed on its acquisition of Acima Holdings, almost doubling the size of the Company and dramatically changing both organizations. We are now a unified, multi-brand platform
Rent-A-Center, Inc. (NASDAQ/NGS: RCII) today announced that it will report fourth quarter and full year 2022 financial results on February 23rd and will host a conference call beginning at 9:00 a.m. ET to discuss the results. Interested parties can access the conference call by phone via this link (registration link), where the dial-in details will be provided. A live webcast of the conference call and presentation materials will also be available on the Company's investor relations website at https://investor.rentacenter.com. A replay will be available beginning February 23rd, at 1:00 p.m. ET. About Rent-A-Center, Inc. Rent-A-Center, Inc. (NASDAQ:RCII) is a leading provider of technolog
Campaign Marks Company's 20th Year Supporting Hunger Relief Employees at Rent-A-Center, Inc. (RAC) and Acima recently joined forces to support the North Texas Food Bank and Utah Food Bank's hunger relief efforts this year. Rent-A-Center's and Acima's desire to do their part to make sure every family has a meal on their plate perfectly aligns with these food banks' visions and principles. In total, RAC and Acima raised nearly $190,000 for hunger relief last year. Over the course of RAC's campaign supporting the North Texas Food Bank (NTFB), NTFB 2022: #RACCares: Heroes for Hunger, employees at the Field Support Center (FSC) in Plano, Texas, raised nearly $128,000. NTFB is a nonprofit hunge
Rent-A-Center Store Manager Raffi Howrey and his sales team are pleased to offer the residents of Lincoln an option when it comes to acquiring ownership of high-quality furniture, appliances, electronics and computers. The new Rent-A-Center store is located at 4451 N 26th St., Ste. 1000, in Lincoln, Nebraska. To welcome Rent-A-Center to its new neighborhood, members of the Lincoln community are invited to attend a grand opening celebration on Saturday, Jan. 7 at 1 p.m. CST. The public will have the opportunity to shop the store's merchandise during the grand opening event. In conjunction with the grand opening ceremony, Rent-A-Center will be giving away an 85" Samsung Crystal UHD 7 Series
Rent-A-Center, Inc. (NASDAQ/NGS: RCII), a leading provider of technology driven, flexible, no debt obligation leasing solutions for consumers, today announced that its Board of Directors has approved a quarterly cash dividend of $0.34 for the first quarter of 2023. The dividend will be paid on January 10, 2023, to the Company's common stockholders of record as of the close of business on December 20, 2022. About Rent-A-Center, Inc. Rent-A-Center, Inc. (NASDAQ:RCII) is a leading provider of technology driven, flexible, no debt obligation leasing solutions that offer underserved consumers access to and potential ownership of high-quality durable goods that enhance the quality of life. The C
Rent-A-Center Store Manager Melanie Montanez and her sales team are pleased to offer the residents of Queens an option when it comes to acquiring ownership of high-quality furniture, appliances, electronics and computers. The new Rent-A-Center store is located at 16805 Jamaica Avenue in the Queens borough of New York City. To welcome Rent-A-Center to its new neighborhood, members of the Queens community are invited to attend a grand opening celebration and ribbon cutting ceremony on Saturday, Dec. 10 at 11 a.m. EST. The public will have the opportunity to shop the store's merchandise during the grand opening event. In conjunction with the grand opening ceremony, Rent-A-Center will be givi
Acima Leasing, a leading provider of lease-to-own ("LTO") services for merchants and consumers and Fintech platform of Rent-A-Center, Inc. (NASDAQ/NGS: RCII), is pleased to announce an agreement with CITY Furniture, a Florida-based home furnishings retailer. Acima was chosen as the exclusive lease-to-own platform for CITY's e-commerce site and approximately 23 showrooms across Florida. "We are thrilled that CITY Furniture chose Acima as their exclusive lease-to-own provider to give customers flexible shopping options for their home furnishing needs," said Mike Bagull, SVP Business Development & Partnerships, Acima. "As retailers deal with the current and upcoming economic headwinds, it's i
Acima Leasing, a leading provider of lease-to-own ("LTO") services for merchants and consumers and Fintech platform of Rent-A-Center, Inc. (NASDAQ/NGS: RCII), is pleased to announce a multi-year agreement with Sleep Outfitters, a leading sleep solutions provider, to be the exclusive lease-to-own platform for their e‑commerce site and over 120 stores in Alabama, Arizona, Florida, Indiana, Kansas, Kentucky, Missouri, Ohio, Tennessee, and West Virginia. With the addition of Acima's LTO solutions at Sleep Outfitters, consumers from all backgrounds can more easily access America's most iconic bedding brands: Sealy, Stearns & Foster, and Tempur-Pedic. "In the current economic landscape, it's mo
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Total Revenue of $990 Million for Fourth Quarter and $4.2 Billion for Full Year GAAP Diluted EPS $0.05 for Fourth Quarter and $0.21 for Full Year Non-GAAP Diluted EPS $0.86 for Fourth Quarter and $3.70 for Full Year Full Year Cash From Operations $468 Million and Free Cash Flow $407 Million Announces Corporate Name Change to Upbound Group, Inc. (UPBD) Rent-A-Center, Inc. (the "Company" or "Rent-A-Center") (NASDAQ:RCII), now known as Upbound Group, Inc. (the "Company" or "Upbound") (NASDAQ:UPBD, effective February 27, 2023))) today announced results for the quarter and year ended December 31, 2022. "We are encouraged by the Company's fourth quarter performance as we executed well on ou
Rent-A-Center, Inc. (NASDAQ/NGS: RCII) today announced that it will report fourth quarter and full year 2022 financial results on February 23rd and will host a conference call beginning at 9:00 a.m. ET to discuss the results. Interested parties can access the conference call by phone via this link (registration link), where the dial-in details will be provided. A live webcast of the conference call and presentation materials will also be available on the Company's investor relations website at https://investor.rentacenter.com. A replay will be available beginning February 23rd, at 1:00 p.m. ET. About Rent-A-Center, Inc. Rent-A-Center, Inc. (NASDAQ:RCII) is a leading provider of technolog
Rent-A-Center, Inc. (NASDAQ/NGS: RCII), a leading provider of technology driven, flexible, no debt obligation leasing solutions for consumers, today announced that its Board of Directors has approved a quarterly cash dividend of $0.34 for the first quarter of 2023. The dividend will be paid on January 10, 2023, to the Company's common stockholders of record as of the close of business on December 20, 2022. About Rent-A-Center, Inc. Rent-A-Center, Inc. (NASDAQ:RCII) is a leading provider of technology driven, flexible, no debt obligation leasing solutions that offer underserved consumers access to and potential ownership of high-quality durable goods that enhance the quality of life. The C
Total Revenue of $1.024 Billion GAAP Diluted Loss per Share $0.10; Non-GAAP Diluted EPS $0.94 Cash From Operations $412 Million Year-to-Date; Free Cash Flow $363 Million Year-to-Date Repurchased $75 Million of Shares During the Third Quarter and October Company Provides Guidance for the Fourth Quarter of 2022 Rent-A-Center, Inc. (the "Company" or "Rent-A-Center") (NASDAQ:RCII) today announced results for the quarter ended September 30, 2022. "Our third quarter results demonstrated the resilient nature of the Company, as we continued to generate considerable profits and cash flow in the face of increasingly challenging external conditions that have strained the finances and spending of
Rent-A-Center, Inc. (NASDAQ/NGS: RCII) today announced it will host a conference call on Thursday, November 3rd, 8:30 a.m. ET to discuss third quarter results scheduled to be released following the market close on Wednesday, November 2nd. Participants can access the call by phone via this link (registration link), where the dial-in details will be provided. A live webcast of the conference call and investor presentation will also be available on the Company's investor relations website at https://investor.rentacenter.com. A replay will be available beginning November 3rd, at 11:30 a.m. ET. About Rent-A-Center, Inc. Rent-A-Center, Inc. (NASDAQ:RCII) is a leading provider of technology driv
Rent-A-Center, Inc. (NASDAQ/NGS: RCII), a leading provider of technology driven, flexible, no debt obligation leasing solutions for consumers, today announced that Mr. Fahmi Karam, currently Chief Financial Officer of Santander Consumer USA, will join the Company as Executive Vice President - Chief Financial Officer effective October 31, 2022. The Company also announced that its current Executive Vice President – Chief Financial Officer, Ms. Maureen Short, departed the Company on September 28, 2022. Mr. Karam has over 20 years of experience in finance and accounting, most recently as the Chief Financial Officer of Santander Consumer USA since September 2019. Mr. Karam previously served as
Rent-A-Center, Inc. (NASDAQ/NGS:RCII), a leading provider of technology driven, flexible, no debt obligation leasing solutions for consumers, today announced that its Board of Directors has approved a quarterly cash dividend of $0.34 for the fourth quarter of 2022. The dividend will be paid on October 25, 2022, to the Company's common stockholders of record as of the close of business on October 4, 2022. About Rent-A-Center, Inc. Rent-A-Center, Inc. (NASDAQ:RCII) is a leading provider of technology driven, flexible, no debt obligation leasing solutions that offer underserved consumers access to and potential ownership of high-quality durable goods that enhance the quality of life. The Com
Total Revenue $1.1 Billion; GAAP Diluted EPS of $0.33; Non-GAAP Diluted EPS of $1.15 Rent-A-Center Segment Lease Portfolio Value Up 2% Year-over-Year Maintained Improved Risk Metrics in Virtual LTO Cash From Operations $287 Million Year-to-Date; Free Cash Flow of $256 Million Provides Third Quarter Financial Outlook and Updates Full Year Outlook Rent-A-Center, Inc. (the "Company" or "Rent-A-Center") (NASDAQ:RCII) today announced results for the quarter ended June 30, 2022. "Second quarter results were at or above the high end of the guidance ranges we provided in May, and we met our key objectives for the first half of the year, which were to optimize Acima's underwriting approach for
Rent-A-Center, Inc. (NASDAQ/NGS:RCII) today announced it will host a conference call on Thursday, August 4th, 8:30 a.m. ET to discuss second quarter results scheduled to be released following the market's close on August 3rd. Participants can access the call by phone via this link (registration link), where the dial-in details will be provided. A live webcast of the conference call and investor presentation will also be available on the Company's investor relations website at https://investor.rentacenter.com. A replay will be available beginning August 4th, at 11:30 a.m. ET. About Rent-A-Center, Inc. Rent-A-Center, Inc. (NASDAQ:RCII) is a leading provider of technology driven, flexible, n
Rent-A-Center, Inc. (NASDAQ/NGS:RCII), a leading provider of technology driven, flexible, no debt obligation leasing solutions for consumers, today announced that its Board of Directors has approved a quarterly cash dividend of $0.34 for the third quarter of 2022. The dividend will be paid on July 12, 2022, to the Company's common stockholders of record as of the close of business on June 21, 2022. About Rent-A-Center, Inc. Rent-A-Center, Inc. (NASDAQ:RCII) is a leading provider of technology driven, flexible, no debt obligation leasing solutions that offer underserved consumers access to and potential ownership of high-quality durable goods that enhance the quality of life. The Company's