How to Buy Paccar Stock
Paccar Inc
PACCAR Inc designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Europe, Mexico, South America, Australia, and internationally.
Paccar stock last closed at $112.58, up 1.25% from the previous day, and has increased 52.61% in one year. It has overperformed other stocks in the Farm & Heavy Construction Machinery industry by 0.36 percentage points. Paccar stock is currently +64.59% from its 52-week low of $68.40, and -10.29% from its 52-week high of $125.50.
There are currently 523.88M shares of PCAR outstanding. The market cap of PCAR is $58.98B. In the last 24 hours, 2.02M PCAR shares were traded.
How to Buy Paccar Stock
Wondering how to invest in Paccar stock? Here's how.
- Choose where to buy Paccar stock: You need to decide on an online brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you figure out where to buy Paccar stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your investment account: Select your payment method and add your information.
- Evaluate Paccar stock: The Paccar ticker symbol is PCAR. Is Paccar stock a good investment? Should you buy shares of PCAR? How do PCAR's underlying business fundamentals look? Do top analysts think Paccar is a good buy? Why has PCAR's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if PCAR is a good stock to buy).
- Place your PCAR trade: Decide if you will purchase PCAR shares at the current market price or use a limit order to buy PCAR shares at a particular price.
- Get the latest news on your PCAR position: Create a watchlist to watch your new investment in Paccar shares.
Step 1: Choose where to buy Paccar stock
You need a brokerage account in order to access the NASDAQ market and buy PCAR stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the best brokerage, you'll need to fill out some personal info so you are able to invest in PCAR today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to open a new trading account.
- Submit your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've created your account on one of the most highly reviewed stock trading apps, your next step is to transfer the money for your investment:
Watch the walkthrough below for more details transferring money into your brokerage account.
Step 4: Evaluate Paccar stock
After you have figured out the best place to buy Paccar stock, it's critical to analyze their stock before you buy, so you can comprehend the risk and opportunity.
Overview of key PCAR info
PCAR Fundamentals
WallStreetZen was built to help part-time investors perform more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on PCAR's stock page.
Is PCAR stock properly valued?
You can use many financial metrics, analyses, models, and charts to gauge PCAR's fair value.
Using relative valuations methods:
- PCAR could be undervalued based on its P/E ratio of 12.82x, relative to Farm & Heavy Construction Machinery industry P/E ratio of 14.28x
- PCAR may be undervalued based on its P/B ratio of 3.71x, relative to Farm & Heavy Construction Machinery industry P/B ratio of 4.87x
You can access additional valuation research on PCAR's stock here.
Is PCAR a healthy company?
Positive Health Checks:
- PCAR profit margin has gone up from 10.4% to 13.1% in the past year.
- There are more short-term assets than short-term liabilities on the PCAR balance sheet.
- Total PCAR debt is lower than 5 years ago, relative to shareholder equity.
- PCAR earnings of $6.22B is not sufficient to cover its interest payments.
- PCAR's operating cash flow of $4.19B allows it to safely service it's debt of $14.23B.
Negative Health Checks:
- There are more long-term liabilities than short-term assets on the PCAR balance sheet.
- PCAR has a relatively high debt to equity ratio of 1.57.
Do Wall Street analysts think it's a good time to buy PCAR stock
Out of 9 Equities analysts who monitor PCAR, the consensus analyst rating on Paccar is a Buy
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
Most Recent PCAR Analyst Ratings
David Raso, a top 16% analyst from Evercore ISI Group maintains PCAR with a hold rating and raises their PCAR price target from $94.00 to $101.00, on Feb 20, 2024.
Ross Gilardi, a top 15% analyst from Bank of America upgrades PCAR to a hold rating and raises their PCAR price target from $84.00 to $97.00, on Jan 19, 2024.
Angel Castillo, a bottom 10% analyst from Morgan Stanley initiates coverage on PCAR with a strong buy rating and announces their PCAR price target of $125.00, on Jan 8, 2024.
Timothy Thein, a top 5% analyst from Citigroup maintains PCAR with a hold rating and raises their PCAR price target from $90.00 to $92.00, on Oct 25, 2023.
Nicole Deblase, a top 4% analyst from Deutsche Bank upgrades PCAR to a strong buy rating and raises their PCAR price target from $94.00 to $115.00, on Oct 25, 2023.
Deutsche Bank's Nicole Deblase upgraded their rating on Paccar (NASDAQ: PCAR) from Hold to Strong Buy on 2023/10/24. The analyst also raised their price target by 22.3% from $94 to $115.
Deblase's update followed an assessment of Paccar's 2023/10/24 Q3 2023 earnings report and participation in the earnings call.
The analyst told investors that Paccar is a "best-in-class" machinery manufacturer that has consistently performed admirably during "economic downturns," with minimal decreases in profit margins.
"Strong customer reception" to the company's new line of vehicles has prompted Deutsche Bank to predict "a bright future for Paccar's maintained market share gains relative to its truck manufacturing peers," Deblase reported.
Their firm views FY 2024 consensus estimates as assuming "an overly draconian outcome," the analyst continued, concluding that the stock "looks too cheap, even if this draconian outcome proves true."
(By"an overly draconian outcome," the analyst may be referring to the 2023/09/23 announcement that the company is recalling almost 900 trucks because "fuel filter hoses may have been damaged in production, resulting in risks of an engine stall leading to a crash, or a fuel leak increasing the risk of a fire.)
Earnings Report
For Q3 2023, Paccar reported:
- EPS of $2.34, which beat the Zacks Consensus Estimate of $2.07 and, by 59.2%, Q3 2022’s $1.47.
- Revenue of $8.23B, which beat the Zacks Consensus Estimate by 2.1% and, by 23.1%, Q3 2022’s $6.69B.
- Operating cash flow of $1.34B.
- 50,100 global truck deliveries.
Management did not provide financial guidance in its press release or earnings call.
CEO Preston Feight commented: “Paccar achieved record net income for Q3 2023.
“Paccar’s Q3 results reflect excellent Truck, Parts, and Other gross margins of 19.5% and strong Parts profits.
“Our investments in innovative new DAF, Kenworth, and Peterbilt trucks and enhanced manufacturing efficiency are benefiting truck owners’ operating performance and delivering strong financial results.
“Paccar Parts’ excellent performance is the result of providing industry-leading technology that enhances customer uptime.
“Paccar Financial Services achieved strong results due to its high-quality portfolio.”
You can dive deeper into what analysts are forecasting on the Paccar stock forecast page.
PCAR Trading Indicators
How are PCAR Revenues/Earnings doing?
Last year, PCAR earnings were $4.60B. During the past 5 year, PCAR's earnings have gone up by 16.07% per year. This was slower than the Farm & Heavy Construction Machinery industry average of 19.11%.
Last year, PCAR revenue was $35.13B. In the past 5 year, PCAR's revenue has grown by 8.38% per year. This was faster than the Farm & Heavy Construction Machinery industry average of 6.47%.
Find out more about PCAR's earnings and revenue performance here.
Latest Insiders Trades at PCAR
In the past year, executives and large shareholders at PCAR have bought more shares than they have sold.
Brice J. Poplawski, Vice President Controller of PCAR, was the latest PCAR insider to buy. They bought $4,503.33 worth of PCAR stock on Mar 6, 2024.
Learn more about who owns PCAR shares here.
Can I rely on PCAR as an income stream?
Paccar pays a dividend of 3.78%, compared to the Farm & Heavy Construction Machinery industry's average dividend yield of 2.76%. If you owned $1,000 of PCAR stock, you would have been paid $37.84 in the past year.
Paccar dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more info about Paccar dividend yield and history here.
What do other traders have to say about PCAR?
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Place your PCAR trade
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a specific price, place a limit order.
Press the Open button and your broker will place your order.
If you require more help buying stocks on eToro, watch the how to video below:
Step 6: Get the latest news on your PCAR position
Now that you own some PCAR shares, you'll want to stay up-to-date on your investment.
Create a watchlist to track the latest developments regarding your PCAR stock.
PCAR Feed
How to Buy Stock in Paccar
To reiterate, here are the 6 steps for buying Paccar stock:
- Choose where to buy Paccar stock
- Create a brokerage account
- Deposit funds into your investment account
- Evaluate Paccar stock
- Place your PCAR trade
- Get the latest news on your PCAR position
If you are looking for a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep track of your investment in Paccar, click below.
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