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Best Trucking Stocks to Buy Now (2023)

Top trucking stocks in 2023 ranked by overall Zen Score. See the best trucking stocks to buy now, according to analyst forecasts for the trucking industry.

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

Universal Logistics Holdings (NASDAQ:ULH) is the top trucking stock with a Zen Score of 61, which is 24 points higher than the trucking industry average of 37. It passed 22 out of 38 due diligence checks and has strong fundamentals. Universal Logistics Holdings has seen its stock lose -3.95% over the past year, underperforming other trucking stocks by -28 percentage points.

Old Dominion Freight Line (NASDAQ:ODFL) is the second best trucking stock with a Zen Score of 56, which is 19 points higher than the trucking industry average of 37. It passed 21 out of 38 due diligence checks and has strong fundamentals. Old Dominion Freight Line has seen its stock return 23.4% over the past year, underperforming other trucking stocks by -1 percentage points.

Old Dominion Freight Line has an average 1 year price target of $344.39, an upside of 8.42% from Old Dominion Freight Line's current stock price of $317.65.

Old Dominion Freight Line stock has a consensus Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Old Dominion Freight Line, 30.77% have issued a Strong Buy rating, 15.38% have issued a Buy, 46.15% have issued a hold, while 7.69% have issued a Sell rating, and 0% have issued a Strong Sell.

Arcbest (NASDAQ:ARCB) is the third best trucking stock with a Zen Score of 52, which is 15 points higher than the trucking industry average of 37. It passed 19 out of 38 due diligence checks and has strong fundamentals. Arcbest has seen its stock return 9.91% over the past year, underperforming other trucking stocks by -15 percentage points.

Arcbest has an average 1 year price target of $112.80, an upside of 33.67% from Arcbest's current stock price of $84.39.

Arcbest stock has a consensus Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Arcbest, 60% have issued a Strong Buy rating, 20% have issued a Buy, 0% have issued a hold, while 20% have issued a Sell rating, and 0% have issued a Strong Sell.

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

Universal Logistics Holdings (NASDAQ:ULH) has an annual dividend yield of 1.93%, which is 1 percentage points higher than the trucking industry average of 0.95%. 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 9.1% indicates that its dividend yield is sustainable for the long-term.

Schneider National (NYSE:SNDR) has an annual dividend yield of 1.26%, which is the same as the trucking industry average of 0.95%. 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 12.6% indicates that its dividend yield is sustainable for the long-term.

Werner Enterprises (NASDAQ:WERN) has an annual dividend yield of 1.17%, which is the same as the trucking industry average of 0.95%. 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 14.9% indicates that its dividend yield is sustainable for the long-term.

Trucking stocks were up 1.82% in the last day, and up 1.54% over the last week.

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

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

Covenant Logistics Group (NASDAQ:CVLG) is the most undervalued trucking stock based on WallStreetZen's Valuation Score. Covenant Logistics Group has a valuation score of 86, which is 40 points higher than the trucking industry average of 46. It passed 6 out of 7 valuation due diligence checks.

Covenant Logistics Group's stock has gained 68.18% in the past year. It has overperformed other stocks in the trucking industry by 44 percentage points.

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 86, which is 40 points higher than the trucking industry average of 46. It passed 6 out of 7 valuation due diligence checks.

Pam Transportation Services's stock has dropped -6.85% in the past year. It has underperformed other stocks in the trucking industry by -31 percentage points.

Universal Logistics Holdings (NASDAQ:ULH) is the third most undervalued trucking stock based on WallStreetZen's Valuation Score. Universal Logistics Holdings has a valuation score of 86, which is 40 points higher than the trucking industry average of 46. It passed 6 out of 7 valuation due diligence checks.

Universal Logistics Holdings's stock has dropped -3.95% in the past year. It has underperformed other stocks in the trucking industry by -28 percentage points.