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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
Ticker
Company
Exchange
Industry
Zen Score
Market Cap
Price
1d %
EBITDA
P/E
D/E
ARCB
ARCBEST CORP
NASDAQ
Trucking
$3.30B$140.421.17%$395.01M17.25x1.00
ODFL
OLD DOMINION FREIGHT LINE INC
NASDAQ
Trucking
$48.03B$440.220.75%$1.98B38.92x0.30
WERN
WERNER ENTERPRISES INC
NASDAQ
Trucking
$2.58B$40.72-1.59%$525.64M17.33x1.09
SAIA
SAIA INC
NASDAQ
Trucking
$14.98B$563.590.80%$647.61M42.31x0.33
TFII
TFI INTERNATIONAL INC
NYSE
Trucking
$12.56B$148.700.62%$1.21B25.29x1.43
CVLG
COVENANT LOGISTICS GROUP INC
NASDAQ
Trucking
$668.18M$51.61-0.19%$144.20M12.26x1.26
SNDR
SCHNEIDER NATIONAL INC
NYSE
Trucking
$4.20B$23.84-0.25%$702.80M17.66x0.54
KNX
KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC
NYSE
Trucking
$9.40B$58.220.45%$1.26B43.13x0.81
MRTN
MARTEN TRANSPORT LTD
NASDAQ
Trucking
$1.59B$19.530.67%$235.45M18.96x0.33
ULH
UNIVERSAL LOGISTICS HOLDINGS INC
NASDAQ
Trucking
$876.58M$33.351.03%$269.24M8.34x1.47
HTLD
HEARTLAND EXPRESS INC
NASDAQ
Trucking
$981.51M$12.42-0.56%$258.10M40.06x0.83
PTSI
PAM TRANSPORTATION SERVICES INC
NASDAQ
Trucking
$414.44M$18.820.86%$125.06M10.69x1.31
XPO
XPO INC
NYSE
Trucking
$14.15B$121.89-0.16%$857.00M74.32x4.92
YGMZ
MINGZHU LOGISTICS HOLDINGS LTD
NASDAQ
Trucking
$10.58M$0.46-3.96%$1.89M-23.05x1.47
DSKE
DASEKE INC
NASDAQ
Trucking
$382.71M$8.230.00%$178.20M54.87x5.62
RXO
RXO INC
NYSE
Trucking
$2.51B$21.46-0.74%$103.00M715.33x2.07
BEST
BEST INC
NYSE
Trucking
$44.53M$2.24-0.88%N/AN/A47.79

Trucking Stocks FAQ

What are the best trucking stocks to buy right now in Feb 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 60, which is 24 points higher than the trucking industry average of 36. It passed 22 out of 38 due diligence checks and has strong fundamentals. Arcbest has seen its stock return 43.98% over the past year, underperforming other trucking stocks by -1 percentage points.

Arcbest has an average 1 year price target of $153.57, an upside of 9.37% from Arcbest's current stock price of $140.42.

Arcbest stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 7 analysts covering Arcbest, 71.43% have issued a Strong Buy rating, 0% have issued a Buy, 14.29% have issued a hold, while 14.29% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Old Dominion Freight Line (NASDAQ:ODFL)


Old Dominion Freight Line (NASDAQ:ODFL) is the second best trucking stock with a Zen Score of 51, which is 15 points higher than the trucking industry average of 36. It passed 19 out of 38 due diligence checks and has strong fundamentals. Old Dominion Freight Line has seen its stock return 27.5% over the past year, underperforming other trucking stocks by -17 percentage points.

Old Dominion Freight Line has an average 1 year price target of $421.56, a downside of -4.24% from Old Dominion Freight Line's current stock price of $440.22.

Old Dominion Freight Line stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Old Dominion Freight Line, 33.33% have issued a Strong Buy rating, 11.11% have issued a Buy, 55.56% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. Werner Enterprises (NASDAQ:WERN)


Werner Enterprises (NASDAQ:WERN) is the third best trucking stock with a Zen Score of 50, which is 14 points higher than the trucking industry average of 36. It passed 17 out of 38 due diligence checks and has strong fundamentals. Werner Enterprises has seen its stock lose -13.31% over the past year, underperforming other trucking stocks by -58 percentage points.

Werner Enterprises has an average 1 year price target of $43.63, an upside of 7.13% from Werner Enterprises's current stock price of $40.72.

Werner Enterprises stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Werner Enterprises, 50% have issued a Strong Buy rating, 0% have issued a Buy, 37.5% have issued a hold, while 12.5% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the trucking stocks with highest dividends?

Out of 10 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 1.51%, which is 1 percentage points higher than the trucking industry average of 0.91%. 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 26.7% 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 1.35%, which is the same as the trucking industry average of 0.91%. 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 23% indicates that its dividend yield is sustainable for the long-term.

3. Universal Logistics Holdings (NASDAQ:ULH)


Universal Logistics Holdings (NASDAQ:ULH) has an annual dividend yield of 1.26%, which is the same as the trucking industry average of 0.91%. Universal Logistics Holdings's dividend payout is not stable, having dropped more than 10% one times in the last 10 years. Universal Logistics Holdings's dividend has shown consistent growth over the last 10 years.

Universal Logistics Holdings's dividend payout ratio of 10.5% indicates that its dividend yield is sustainable for the long-term.

Why are trucking stocks up?

Trucking stocks were up 0.58% in the last day, and up 2.54% 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 44 points higher than the trucking industry average of 42. It passed 6 out of 7 valuation due diligence checks.

Arcbest's stock has gained 43.98% in the past year. It has underperformed other stocks in the trucking industry by -1 percentage points.

2. Werner Enterprises (NASDAQ:WERN)


Werner Enterprises (NASDAQ:WERN) is the second most undervalued trucking stock based on WallStreetZen's Valuation Score. Werner Enterprises has a valuation score of 71, which is 29 points higher than the trucking industry average of 42. It passed 5 out of 7 valuation due diligence checks.

Werner Enterprises's stock has dropped -13.31% in the past year. It has underperformed other stocks in the trucking industry by -58 percentage points.

3. Covenant Logistics Group (NASDAQ:CVLG)


Covenant Logistics Group (NASDAQ:CVLG) is the third most undervalued trucking stock based on WallStreetZen's Valuation Score. Covenant Logistics Group has a valuation score of 71, which is 29 points higher than the trucking industry average of 42. It passed 5 out of 7 valuation due diligence checks.

Covenant Logistics Group's stock has gained 46.62% in the past year. It has overperformed other stocks in the trucking industry by 2 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 fall by -2.35% 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 54.52x.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.