Parents Support Automated Enforcement for Student Safety
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
0mins
Source: Newsfilter
- High Parental Support: A survey of 2,000 parents revealed that 82% support the use of safety cameras in school zones to monitor and penalize drivers who illegally pass stopped school buses, indicating a strong concern for student safety.
- Frequent Near-Misses: The survey found that 43% of parents have witnessed a 'near miss' in school zones, while 33% observed similar incidents near stopped school buses, highlighting the urgent need for improved traffic safety measures.
- Significant Effectiveness of Automated Enforcement: Data from Verra Mobility shows that school bus stop-arm programs have achieved a 50% reduction in violations within just two months of implementation, with 98% of drivers who receive a violation not repeating the offense, demonstrating the effectiveness of technology in changing driving behaviors.
- New Program Rollout: During the 2024-2025 school year, Verra Mobility launched 13 new school zone speed safety programs across over 250 communities, aiming to leverage technology to deter dangerous driving and enhance student safety.
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Analyst Views on VRRM
Wall Street analysts forecast VRRM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VRRM is 29.33 USD with a low forecast of 24.00 USD and a high forecast of 33.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 19.590
Low
24.00
Averages
29.33
High
33.00
Current: 19.590
Low
24.00
Averages
29.33
High
33.00
About VRRM
Verra Mobility Corporation provides smart mobility technology solutions across the United States, Australia, Europe, and Canada. It has three segments. The Commercial Services segment is a provider of automated toll and violations management, and title and registration solutions to rental car companies (RACs) and fleet management companies (FMCs) and other large fleet owners in North America. In Europe, the segment provides violations processing through Euro Parking Collection plc and consumer tolling services through Pagatelia S.L.U. Government Solutions segment is a provider of automated safety solutions in the United States, Canada, and Australia to state and local governments. In the United States, the segment provides government agencies with road safety cameras to detect and process traffic violations for red-light, speed, school bus, and city bus lanes. The Parking Solutions segment provides an end-to-end commercial parking management solution in the markets of North America.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Verra Mobility Partners with Locauto for Electronic Toll Payment Solution in Italy
- Partnership Announcement: Verra Mobility has partnered with Italian rental car company Locauto to introduce an electronic toll payment solution across over 100 rental locations in Italy, enhancing customer rental experiences and streamlining payment processes.
- Market Potential: Italy's extensive toll road network spans over 7,000 kilometers, with a rental car market growing at approximately 5% annually, driven by over 70 million international visitors, indicating a rising demand for electronic toll solutions that could further boost business growth.
- Enhanced User Experience: The implementation of electronic tolling allows Locauto's rental users to enjoy faster passage without waiting in line for payments, thereby improving safety and convenience, which is expected to increase customer satisfaction and loyalty.
- Technological Edge: Verra Mobility processes over 300 million toll transactions annually, leveraging its proprietary toll management software to provide efficient toll and violation management services, thereby solidifying its leadership position in the European market.
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Parents Favor Automated Enforcement for Student Safety
- High Parental Support: A survey of 2,000 parents revealed that 70% favor automated enforcement in school zones to enhance student transportation safety, reflecting a strong concern and urgent demand for student safety.
- Reduction in Traffic Violations: Verra Mobility's data indicates that school bus stop-arm programs have seen a 50% reduction in violations within two months of implementation, demonstrating the effectiveness of automated enforcement in improving driving behaviors and significantly lowering risks to students.
- Significant Speed Monitoring Success: School zone speed safety programs have achieved a 94% reduction in speeding at camera locations, which not only enhances student safety but also provides a safer commuting environment for the community, boosting confidence among parents and educators.
- Policy Advocacy and Technology Integration: With 38% of public school officials agreeing that traffic patterns threaten student safety, parents are advocating for a holistic approach that combines physical improvements like speed bumps and traffic signals with policy changes to comprehensively enhance student safety.
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