TransUnion Stock Price, News & Analysis

TransUnion has collaborated with UMortgage and FinLocker to launch the USafe app, aimed at enhancing financial literacy and personal finance management. This initiative precedes Financial Literacy Week (March 28-April 3, 2022) and strives to help consumers achieve financial stability and homeownership. The app offers personalized credit monitoring through TransUnion, budgeting tools, and educational resources on managing credit and mortgages. Homeownership is highlighted as a key wealth-building strategy, with average homeowner equity gains of $55,300 reported in late 2021.

Funnel Leasing has partnered with TransUnion (NYSE: TRU) to enhance its renter management software, aiming to streamline leasing applications and improve screening decisions. This integration incorporates TransUnion's ResidentScore® and ResidentID® products, which will provide richer data reporting capabilities. The collaboration reflects Funnel's commitment to modernizing the multifamily leasing process, making it more efficient for both renters and property managers. This new approach is particularly relevant as the pandemic has accelerated the shift towards digital and contactless service models.

TransUnion (NYSE: TRU) held its 2022 Investor Day on March 15, 2022, focusing on strategies for growth, including recent acquisitions of Neustar and Sontiq, along with a planned acquisition of Verisk Financial Services. The company reiterated its 2022 revenue outlook of $3.752 to $3.810 billion, a 27-29% increase from 2021, and provided 2025 financial targets exceeding $5 billion in revenue and over $2 billion in Adjusted EBITDA. TransUnion anticipates robust growth, aiming for 8-10% organic revenue growth annually through 2025.

TransUnion (NYSE: TRU) will present at the BofA Securities Information Services Conference on March 17, 2022. The presentation, featuring CEO Chris Cartwright and CFO Todd Cello, starts at 8:45 a.m. CT. Investors can access a live webcast on the TransUnion Investor Relations website, with a replay available afterward. TransUnion is a global company that provides insights to help businesses and consumers make confident transactions, operating in over 30 countries and emphasizing the concept of Information for Good®.

TransUnion (NYSE: TRU) has launched a new digital lending solution, Auto Payment Shopper, in partnership with CarNow. This tool offers a personalized car shopping experience by integrating financial institutions with real-time dealer inventory. It allows consumers to filter vehicles based on their desired monthly payments and check prequalification from lenders online. The solution aims to streamline the car buying process, reduce application drop-off, and improve consumer insights into financing options and costs, thereby enhancing the overall automotive shopping experience.

TransUnion has released its 2022 Global Digital Fraud Trends Report, revealing a staggering 780.5% year-over-year increase in shipping fraud, making it the fastest-growing type of digital fraud globally. This surge is attributed to the rise in e-commerce and online shopping during the pandemic. The report also highlighted that overall digital fraud attempts rose by 9.4% YoY from 2020 to 2021, with business identity theft and phishing growing by 113.8% and 104.8% respectively. Key industries targeted include gaming, travel, and telecommunications.

TransUnion (NYSE: TRU) will hold an Investor Day on March 15, 2022, starting at 8:00 a.m. ET and concluding around 12:00 p.m. ET. The event will feature presentations from executive management and segment presidents, providing insights into the company's operations. Interested parties can access presentation materials and a live webcast through the TransUnion Investor Relations website. A replay will be available post-event. TransUnion aims to create trust in the economy by offering actionable insights that empower businesses and consumers globally.

TransUnion's latest Consumer Pulse study reveals that 64% of Americans are highly concerned about inflation, prompting 62% to alter their purchasing behaviors. Specifically, 45% plan to cut back on discretionary spending. Despite this, 81% of respondents reported stable or rising household incomes in the past three months. The study also highlights a strong consumer credit performance amidst economic challenges, with 64% believing in the importance of monitoring their credit scores regularly. Overall, the findings indicate a shift in consumer spending priorities due to inflationary pressures.

TransUnion has launched a new Point-of-Sale suite of solutions aimed at helping consumers using Buy Now Pay Later (BNPL) loans build credit. With 100 million U.S. adults utilizing BNPL loans, this initiative seeks to include such loans in credit reports, aiding financial inclusion. Notably, 43% of point-of-sale applicants are considered subprime. The integration of these loans into credit reporting can enhance access to credit for underserved populations, especially young adults. Over time, the data from BNPL transactions is expected to be incorporated into mainstream credit scoring models.