Alta Equipment Group Inc. (ALTG) Stock Analysis

Why this analysis is different

• A sector-relative MoonshotScore — five pillars (business quality, financial safety, valuation, growth durability, momentum) re-ranked nightly against the full universe of US-listed common stocks.
• An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
• Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.

Alta Equipment Group Inc. (ALTG) Industrial Operations Profile

Alta Equipment Group Inc. provides integrated equipment solutions, specializing in sales, rentals, and service for material handling and construction equipment. With a branch network across the U.S., ALTG serves diverse sectors, offering both new and used equipment alongside comprehensive support services, but faces challenges in a competitive market.

What Is the Investment Thesis for ALTG?

Alta Equipment Group Inc. presents an investment case predicated on its integrated dealership model and diversified equipment offerings. Key value drivers include the expansion of its branch network and the increasing demand for both new and used equipment across its served sectors. The company's ability to provide comprehensive services, including repair, maintenance, and system integration, enhances customer retention and revenue streams. However, investors may want to evaluate the company's negative profit margin of -4.3% and a Beta of 1.49, indicating higher volatility compared to the market. Growth catalysts include strategic acquisitions and the expansion of its warehouse design and automation solutions. The dividend yield of 0.79% offers a modest return, but the overall investment thesis hinges on ALTG's ability to improve profitability and capitalize on industry growth trends.

Based on FMP financials and quantitative analysis

ALTG Key Highlights

Operates in two segments: Material Handling and Construction Equipment, providing diversification.

• Offers a comprehensive suite of services including sales, rentals, parts, and service support.
• Serves a wide range of sectors including manufacturing, construction, and government.
• Dividend Yield of 0.79% provides a modest income stream for investors.
• Beta of 1.49 indicates higher volatility compared to the overall market.

Who Are ALTG's Competitors?

ALTG is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance This table mixes two scoring engines — compare a number only with others carrying the same tag.

What Are ALTG's Key Strengths?

Integrated equipment dealership platform.

• Diversified equipment offerings across material handling and construction.
• Extensive branch network providing broad geographic reach.
• Comprehensive service offerings including sales, rentals, parts, and service.

What Are ALTG's Weaknesses?

Negative profit margin (-4.3%).

• High beta (1.49) indicating higher volatility.
• Dependence on economic cycles and infrastructure development.
• Potential for increased competition in a fragmented market.

What Could Drive ALTG Stock Higher?

Strategic acquisitions to expand geographic reach and market share.

• Expansion of warehouse design and automation solutions to capitalize on e-commerce growth.
• Increased focus on rental services to generate recurring revenue streams.
• Leveraging technology to improve service delivery and customer experience.

What Are the Key Risks for ALTG?

Financial-distress signal — its Altman Z-Score of 1.34 sits in the distress zone (elevated bankruptcy risk).

• Inconsistent delivery — missed Wall Street EPS estimates in 8 of the last 8 reported quarters.
• Economic downturns impacting construction and manufacturing sectors, reducing equipment demand.
• Increased competition from larger national players in the equipment rental market.
• Fluctuations in equipment prices and rental rates affecting profitability.
• Supply chain disruptions affecting equipment availability and increasing costs.
• Rising interest rates increasing the cost of financing equipment purchases and rentals.

What Are the Growth Opportunities for ALTG?

• Expansion of Warehouse Design and Automation Solutions: Alta Equipment Group's capabilities in designing and building warehouses, along with providing automated equipment installation and system integration solutions, represent a significant growth opportunity. As e-commerce and logistics sectors continue to expand, the demand for advanced warehouse solutions will increase. The market for warehouse automation is projected to reach $30 billion by 2027, offering ALTG a chance to capture a larger share by leveraging its expertise and integrated service offerings.
• Strategic Acquisitions to Expand Geographic Reach: Alta Equipment Group can pursue strategic acquisitions to expand its branch network and geographic presence. By acquiring smaller regional dealerships, ALTG can enter new markets and increase its customer base. The equipment dealership market is fragmented, providing ample opportunities for consolidation. Successful acquisitions can lead to increased revenue, economies of scale, and enhanced market share, driving long-term growth.
• Increased Focus on Rental Services: The demand for equipment rentals is growing as companies seek flexible and cost-effective solutions. Alta Equipment Group can capitalize on this trend by expanding its rental fleet and offering attractive rental programs. The rental market is particularly strong in the construction sector, where companies often prefer to rent equipment for specific projects rather than purchase it outright. By focusing on rental services, ALTG can generate recurring revenue and build long-term customer relationships.
• Leveraging Technology for Enhanced Service Delivery: Investing in technology to improve service delivery and customer experience represents another growth opportunity. This includes implementing digital platforms for equipment monitoring, predictive maintenance, and online parts ordering. By leveraging data analytics, ALTG can optimize its service operations, reduce downtime, and improve customer satisfaction. The adoption of technology can also lead to increased efficiency and cost savings.
• Expanding Service Offerings to Include Training and Consulting: Alta Equipment Group can expand its service offerings to include training and consulting services for its customers. This can help customers optimize their equipment usage, improve safety, and reduce operating costs. Training programs can cover equipment operation, maintenance, and troubleshooting. Consulting services can focus on warehouse design, automation, and logistics optimization. By providing these value-added services, ALTG can strengthen its customer relationships and generate additional revenue streams.

What Are ALTG's Competitive Advantages?

• Integrated Service Offering: Provides a comprehensive suite of services, including sales, rentals, parts, and service support, creating a one-stop solution for customers.
• Established Branch Network: Operates a broad branch network across the United States, providing local support and service to customers.
• Strong Supplier Relationships: Maintains strong relationships with leading equipment manufacturers, ensuring access to high-quality products and competitive pricing.
• Expertise in System Integration: Offers specialized expertise in warehouse design, automation, and system integration, differentiating itself from competitors.

What Does ALTG Do?

Founded in 1984 and headquartered in Livonia, Michigan, Alta Equipment Group Inc. has evolved into a prominent integrated equipment dealership platform in the United States. The company operates through two primary segments: Material Handling and Construction Equipment. The Material Handling segment focuses on lift trucks, aerial work platforms, and warehouse solutions, including design, construction, and system integration. The Construction Equipment segment offers earthmoving equipment, cranes, and paving and asphalt equipment. Alta Equipment Group's business model encompasses the sale, rental, and servicing of specialized equipment, providing comprehensive support to its customer base. The company’s branch network ensures broad geographic reach, serving diverse sectors such as manufacturing, food and beverage, wholesale/retail, construction, automotive, municipal/government, and medical. Alta Equipment Group differentiates itself through its integrated approach, offering not only equipment but also repair, maintenance, and system integration services, making it a one-stop solution for its clients.

What Products and Services Does ALTG Offer?

• Sells new and used material handling equipment, including lift trucks and aerial work platforms.
• Sells new and used construction equipment, including earthmoving equipment and cranes.
• Rents material handling and construction equipment to various industries.
• Provides parts and service support for all types of equipment they sell and rent.
• Designs and builds warehouses for clients in various sectors.
• Offers automated equipment installation and system integration solutions.
• Provides repair and maintenance services for equipment.

How Does ALTG Make Money?

• Equipment Sales: Generates revenue through the sale of new and used equipment.
• Equipment Rentals: Earns income from renting equipment to customers on a short-term or long-term basis.
• Parts and Service: Provides parts and service support, generating revenue through parts sales and service fees.
• Warehouse Solutions: Offers design, construction, and system integration services for warehouses, creating project-based revenue.

What Industry Does ALTG Operate In?

Alta Equipment Group Inc. operates within the rental and leasing services industry, which is influenced by economic cycles and infrastructure development. The industry is characterized by moderate growth, driven by increased construction activities and demand for equipment rentals as companies seek flexible and cost-effective solutions. The competitive landscape includes both large national players and smaller regional dealerships. Alta Equipment Group's integrated model, offering a combination of sales, rentals, and services, positions it to capture a significant share of the market. The industry is also seeing a trend towards automation and technological advancements, which Alta Equipment Group addresses through its warehouse design and system integration services.

Who Are ALTG's Key Customers?

• Diversified Manufacturing: Serves manufacturing companies with material handling and construction equipment.
• Food and Beverage: Provides equipment and services to food and beverage processing and distribution companies.
• Construction: Supports construction companies with earthmoving equipment, cranes, and other construction machinery.
• Municipal/Government: Supplies equipment and services to municipal and government entities.

Company Profile

Alta Equipment Group Inc. operates in the Industrial - Distribution industry within the Industrials sector. It is headquartered in Livonia, US. The company is led by CEO Ryan Greenawalt. ALTG has traded publicly since 2019.

Key Financial Metrics

Return on assets is -5.9%, showing how much profit it generates from its asset base. Its free cash flow yield is 25.8%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.37 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -39.3%, the inverse of the P/E and a quick read on earnings relative to price.

ALTG Valuation & Market Position

With a $186M market cap, Alta Equipment Group Inc. sits in the micro-cap segment of the market. Analyst price targets span from $8.00 to $8.00, with a consensus of $8.00. At the current price of $5.73, that implies approximately 40% upside potential. Relative to its peer group, ALTG's quantitative score of 35/100 is below the peer average of 51/100.

Quarterly Financial Performance: Alta Equipment Group Inc.

Revenue for Alta Equipment Group Inc. came in at $475.5M during Q2 FY2026, a 15.8% improvement versus the preceding quarter. The company recorded a net loss of $7.5M, with diluted EPS of $-0.23. Quarter-over-quarter revenue has been mixed, typical for a micro-cap company operating in Industrials. Across the four most recent quarters, ALTG averaged $-0.62 in diluted EPS.

Alta Equipment Group Inc.'s Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 1.34 places it in the distress zone, a signal of elevated financial risk.

Alta Equipment Group Inc. has missed Wall Street's EPS estimate in 8 of its last 8 reported quarters — a recurring pattern of falling short of estimates. Reported results have landed about 116.5% below estimates on average.

Over the past six months, Alta Equipment Group Inc. insiders filed 5 SEC Form 4 transactions — 0 sales and 5 purchases. On net that is roughly 75K shares acquired (about $0) — insiders putting money in tends to read as conviction.

ALTG Financials

ALTG Latest News

ALTG Analyst Consensus

ALTG MoonshotScore

Common Questions About ALTG (Industrials)

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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