TransUnion Stock Price, News & Analysis

The Q2 2022 TransUnion Credit Industry Insights Report reveals a return to pre-pandemic delinquency rates across most credit products, with record growth in credit card and personal loan access, particularly among non-prime consumers. Key metrics showed 161.6 million consumers with credit cards and 21 million with personal loans. Average debt per borrower increased for credit cards to $5,270 and personal loans to $10,344. The Credit Industry Indicator rose to 119, highlighting an overall improvement in consumer credit health. Despite inflation and rising interest rates, employment remains stable.

TransUnion (NYSE: TRU) highlights a partnership between Neustar, a company under its umbrella, and Adverity. This collaboration aims to streamline data connectivity for marketers, enhancing analytics and optimizing marketing spend. With this integration, brands can measure performance more effectively across multiple channels, including digital and television. Neustar Optimizer will allow real-time adjustments to marketing strategies, fostering improved ROI.

TransUnion reported a 30% total revenue growth and 9% organic growth in Q2 2022. Total revenue reached $948 million, with net income at $96 million, down from $128 million in Q2 2021. The company is expecting a 9-10% organic revenue growth for 2022, despite headwinds in foreign exchange and mortgage segments. The acquisition of Verisk Financial Services contributed to significant growth, particularly in the U.S. Markets, where revenue increased by 44%. However, challenges in the mortgage sector are anticipated, with expected declines of 30-35% in revenue.

TransUnion has released a study indicating that electric vehicle (EV) market share is projected to rise from 5% in 2021 to 40% by 2031. Conducted with S&P Global Mobility, the study reveals that EV buyers tend to have stronger credit profiles compared to traditional internal combustion engine (ICE) buyers, securing lower interest rates and making larger down payments.

Additionally, EV buyers show a significant preference for online shopping and financing, with 36% indicating they prefer to research and complete financing online, compared to 16% of ICE buyers.

TransUnion (NYSE: TRU) announced the appointment of Hamidou Dia and Ravi Kumar to its Board of Directors, effective July 7, 2022. Dia, with significant experience in cloud solutions at Google Cloud and Oracle, will enhance TransUnion's technology infrastructure. Kumar, President of Infosys, brings over 20 years of consulting experience. Their backgrounds in digital transformation and technical leadership aim to strengthen TransUnion's strategic vision and global platform evolution. The company emphasizes its commitment to providing trustworthy information for economic empowerment.

TransUnion (NYSE: TRU) is set to release its second-quarter financial results for the period ending June 30, 2022, on July 26, 2022, at 6:00 a.m. CT. A conference call will follow at 8:30 a.m. CT to discuss the results. The announcement, alongside a live webcast of the call, will be accessible on the TransUnion Investor Relations website. As a global information and insights company, TransUnion operates in over 30 countries, delivering solutions designed to foster economic opportunities and enhance personal empowerment.

TransUnion has revealed significant changes in the U.S. rental market due to COVID-19 and remote work, with out-of-state rental applications rising by 42% from 2020 to 2021. Rural applications grew 28%, while urban areas saw only a 10% increase. The report highlights that rental prices increased 14% amidst a 6% rise in median applicant income, leading to increased rent delinquencies, dropping from 96% in January 2020 to 92% by year's end. The immigrant population, which makes up over 14% of the U.S. population, is expected to sustain high rental demand into the future.

TransUnion (NYSE: TRU) has announced a partnership with Bilt Rewards, enabling over two million renters to utilize free rent payment reporting, significantly aiding credit score improvement. Beginning June 14, 2022, renters in properties owned by AvalonBay, GID Windsor-Communities, and Equity Residential can opt-in via the Bilt mobile app. A recent study indicated that including rent payments can boost credit scores by an average of 60 points, greatly enhancing access to loans and mortgages. This initiative aims to elevate financial opportunities for young renters, particularly Gen Z.

Neustar, a TransUnion company, has launched its innovative Marketing and Analytics Clean Room, aimed at privacy-preserving data collaboration and enhanced marketing analytics. This platform integrates identity resolution and machine learning capabilities, facilitating secure data usage for marketers. Key features include audience targeting, closed-loop measurement, and seamless integration with various data sources. Designed to address current privacy concerns, it enables organizations to manage consumer data compliantly and efficiently, optimizing marketing effectiveness.