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Best Trucking Stocks to Buy Now (2024)
Top trucking stocks in 2024 ranked by overall Zen Score. See the best trucking stocks to buy now, according to analyst forecasts for the trucking industry.

Industry: Trucking
Overview
Zen ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnershipTechnicals
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
ARCB
ARCBEST CORP
NASDAQ
Trucking
$2.75B$117.401.43%$316.29M23.06x0.93
WERN
WERNER ENTERPRISES INC
NASDAQ
Trucking
$2.36B$37.200.57%$443.66M28.40x1.00
TFII
TFI INTERNATIONAL INC
NYSE
Trucking
$11.64B$137.670.89%$1.21B24.20x1.67
SNDR
SCHNEIDER NATIONAL INC
NYSE
Trucking
$3.94B$22.42-0.31%$608.80M24.64x0.56
ODFL
OLD DOMINION FREIGHT LINE INC
NASDAQ
Trucking
$40.21B$185.041.03%$2.01B32.41x0.28
MRTN
MARTEN TRANSPORT LTD
NASDAQ
Trucking
$1.46B$17.991.41%$200.00M24.99x0.30
SAIA
SAIA INC
NASDAQ
Trucking
$10.92B$410.650.04%$673.25M29.63x0.36
ULH
UNIVERSAL LOGISTICS HOLDINGS INC
NASDAQ
Trucking
$1.28B$48.72-2.03%$295.47M10.64x1.37
KNX
KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC
NYSE
Trucking
$8.06B$49.852.13%$1.20B73.31x0.79
PTSI
PAM TRANSPORTATION SERVICES INC
NASDAQ
Trucking
$387.15M$17.57-0.17%$98.66M29.28x1.37
XPO
XPO INC
NYSE
Trucking
$13.31B$114.421.26%$961.00M54.75x4.71
YGMZ
MINGZHU LOGISTICS HOLDINGS LTD
NASDAQ
Trucking
$8.50M$0.37-0.80%$1.89M-18.50x1.47
CVLG
COVENANT LOGISTICS GROUP INC
NASDAQ
Trucking
$614.93M$46.89-0.13%$141.72M14.30x1.32
BEST
BEST INC
NYSE
Trucking
$41.97M$2.080.48%-$10.10M-0.35x-24.16
HTLD
HEARTLAND EXPRESS INC
NASDAQ
Trucking
$907.51M$11.481.06%$203.72M-71.75x0.71
RXO
RXO INC
NYSE
Trucking
$2.43B$20.66-0.29%$83.00M-206.60x2.09
1

Trucking Stocks FAQ

What are the best trucking stocks to buy right now in May 2024?

According to Zen Score, the 3 best trucking stocks to buy right now are:

1. Arcbest (NASDAQ:ARCB)


Arcbest (NASDAQ:ARCB) is the top trucking stock with a Zen Score of 58, which is 25 points higher than the trucking industry average of 33. It passed 21 out of 38 due diligence checks and has strong fundamentals. Arcbest has seen its stock return 34.51% over the past year, overperforming other trucking stocks by 5 percentage points.

Arcbest has an average 1 year price target of $151.67, an upside of 29.19% from Arcbest's current stock price of $117.40.

Arcbest stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Arcbest, 66.67% have issued a Strong Buy rating, 0% have issued a Buy, 22.22% have issued a hold, while 11.11% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Werner Enterprises (NASDAQ:WERN)


Werner Enterprises (NASDAQ:WERN) is the second best trucking stock with a Zen Score of 47, which is 14 points higher than the trucking industry average of 33. It passed 16 out of 38 due diligence checks and has strong fundamentals. Werner Enterprises has seen its stock lose -17.19% over the past year, underperforming other trucking stocks by -47 percentage points.

Werner Enterprises has an average 1 year price target of $40.10, an upside of 7.8% from Werner Enterprises's current stock price of $37.20.

Werner Enterprises stock has a consensus Hold recommendation according to Wall Street analysts. Of the 10 analysts covering Werner Enterprises, 20% have issued a Strong Buy rating, 10% have issued a Buy, 60% have issued a hold, while 10% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Tfi International (NYSE:TFII)


Tfi International (NYSE:TFII) is the third best trucking stock with a Zen Score of 44, which is 11 points higher than the trucking industry average of 33. It passed 17 out of 38 due diligence checks and has strong fundamentals. Tfi International has seen its stock return 28.68% over the past year, underperforming other trucking stocks by -1 percentage points.

Tfi International has an average 1 year price target of $162.10, an upside of 17.75% from Tfi International's current stock price of $137.67.

Tfi International stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Tfi International, 60% have issued a Strong Buy rating, 20% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the trucking stocks with highest dividends?

Out of 9 trucking stocks that have issued dividends in the past year, the 3 trucking stocks with the highest dividend yields are:

1. Schneider National (NYSE:SNDR)


Schneider National (NYSE:SNDR) has an annual dividend yield of 1.63%, which is 1 percentage points higher than the trucking industry average of 0.96%. Schneider National's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Schneider National's dividend has shown consistent growth over the last 10 years.

Schneider National's dividend payout ratio of 40.1% indicates that its dividend yield is sustainable for the long-term.

2. Werner Enterprises (NASDAQ:WERN)


Werner Enterprises (NASDAQ:WERN) has an annual dividend yield of 1.51%, which is 1 percentage points higher than the trucking industry average of 0.96%. Werner Enterprises's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Werner Enterprises's dividend has shown consistent growth over the last 10 years.

Werner Enterprises's dividend payout ratio of 42.7% indicates that its dividend yield is sustainable for the long-term.

3. Marten Transport (NASDAQ:MRTN)


Marten Transport (NASDAQ:MRTN) has an annual dividend yield of 1.33%, which is the same as the trucking industry average of 0.96%. Marten Transport's dividend payout is not stable, having dropped more than 10% three times in the last 10 years. Marten Transport's dividend has shown consistent growth over the last 10 years.

Marten Transport's dividend payout ratio of 33.3% indicates that its dividend yield is sustainable for the long-term.

Why are trucking stocks up?

Trucking stocks were up 0.55% in the last day, and up 2.61% over the last week.

We couldn't find a catalyst for why trucking stocks are up.

What are the most undervalued trucking stocks?

Based on WallStreetZen's Valuation Score, the 3 most undervalued trucking stocks right now are:

1. Arcbest (NASDAQ:ARCB)


Arcbest (NASDAQ:ARCB) is the most undervalued trucking stock based on WallStreetZen's Valuation Score. Arcbest has a valuation score of 86, which is 50 points higher than the trucking industry average of 36. It passed 6 out of 7 valuation due diligence checks.

Arcbest's stock has gained 34.51% in the past year. It has overperformed other stocks in the trucking industry by 5 percentage points.

2. Pam Transportation Services (NASDAQ:PTSI)


Pam Transportation Services (NASDAQ:PTSI) is the second most undervalued trucking stock based on WallStreetZen's Valuation Score. Pam Transportation Services has a valuation score of 71, which is 35 points higher than the trucking industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Pam Transportation Services's stock has dropped -24.4% in the past year. It has underperformed other stocks in the trucking industry by -54 percentage points.

3. Werner Enterprises (NASDAQ:WERN)


Werner Enterprises (NASDAQ:WERN) is the third most undervalued trucking stock based on WallStreetZen's Valuation Score. Werner Enterprises has a valuation score of 71, which is 35 points higher than the trucking industry average of 36. It passed 5 out of 7 valuation due diligence checks.

Werner Enterprises's stock has dropped -17.19% in the past year. It has underperformed other stocks in the trucking industry by -47 percentage points.

Are trucking stocks a good buy now?

35.71% of trucking stocks rated by analysts are a strong buy right now. On average, analysts expect trucking stocks to rise by 23.58% over the next year.

What is the average p/e ratio of the trucking industry?

The average P/E ratio of the trucking industry is 29.49x.
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