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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.

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

Arcbest (NASDAQ:ARCB) is the top trucking stock with a Zen Score of 61, which is 29 points higher than the trucking industry average of 32. It passed 22 out of 38 due diligence checks and has strong fundamentals. Arcbest has seen its stock return 0.1% over the past year, underperforming other trucking stocks by -4 percentage points.

Arcbest has an average 1 year price target of $131.89, an upside of 30.47% from Arcbest's current stock price of $101.09.

Arcbest stock has a consensus Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Arcbest, 44.44% have issued a Strong Buy rating, 0% have issued a Buy, 44.44% have issued a hold, while 11.11% have issued a Sell rating, and 0% have issued a Strong Sell.

Old Dominion Freight Line (NASDAQ:ODFL) is the second best trucking stock with a Zen Score of 51, which is 19 points higher than the trucking industry average of 32. It passed 19 out of 38 due diligence checks and has strong fundamentals. Old Dominion Freight Line has seen its stock lose -10.66% over the past year, underperforming other trucking stocks by -14 percentage points.

Old Dominion Freight Line has an average 1 year price target of $201.00, an upside of 6.59% from Old Dominion Freight Line's current stock price of $188.58.

Old Dominion Freight Line stock has a consensus Hold recommendation according to Wall Street analysts. Of the 13 analysts covering Old Dominion Freight Line, 15.38% have issued a Strong Buy rating, 23.08% have issued a Buy, 53.85% have issued a hold, while 0% have issued a Sell rating, and 7.69% have issued a Strong Sell.

Saia (NASDAQ:SAIA) is the third best trucking stock with a Zen Score of 44, which is 12 points higher than the trucking industry average of 32. It passed 15 out of 33 due diligence checks and has strong fundamentals. Saia has seen its stock return 3.66% over the past year.

Saia has an average 1 year price target of $493.85, an upside of 16.24% from Saia's current stock price of $424.84.

Saia stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 13 analysts covering Saia, 53.85% have issued a Strong Buy rating, 15.38% have issued a Buy, 30.77% have issued a hold, while 0% 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:

Werner Enterprises (NASDAQ:WERN) has an annual dividend yield of 1.54%, which is 1 percentage points higher than the trucking industry average of 0.92%. 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 56.6% indicates that its dividend yield is sustainable for the long-term.

Marten Transport (NASDAQ:MRTN) has an annual dividend yield of 1.42%, which is the same as the trucking industry average of 0.92%. 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 43.6% indicates that its dividend yield is sustainable for the long-term.

Knight Swift Transportation Holdings (NYSE:KNX) has an annual dividend yield of 1.22%, which is the same as the trucking industry average of 0.92%. Knight Swift Transportation Holdings's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Knight Swift Transportation Holdings's dividend has shown consistent growth over the last 10 years.

Knight Swift Transportation Holdings's dividend payout ratio of 142.9% indicates that its dividend yield might not be sustainable for the long-term.

Trucking stocks were down -0.55% in the last day, and down -3.53% over the last week.

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

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

Arcbest (NASDAQ:ARCB) is the most undervalued trucking stock based on WallStreetZen's Valuation Score. Arcbest has a valuation score of 86, which is 60 points higher than the trucking industry average of 26. It passed 6 out of 7 valuation due diligence checks.

Arcbest's stock has gained 0.1% in the past year. It has underperformed other stocks in the trucking industry by -4 percentage points.

Covenant Logistics Group (NYSE:CVLG) is the second most undervalued trucking stock based on WallStreetZen's Valuation Score. Covenant Logistics Group has a valuation score of 57, which is 31 points higher than the trucking industry average of 26. It passed 4 out of 7 valuation due diligence checks.

Covenant Logistics Group's stock has gained 12.82% in the past year. It has overperformed other stocks in the trucking industry by 9 percentage points.

Pam Transportation Services (NASDAQ:PTSI) is the third most undervalued trucking stock based on WallStreetZen's Valuation Score. Pam Transportation Services has a valuation score of 43, which is 17 points higher than the trucking industry average of 26. It passed 3 out of 7 valuation due diligence checks.

Pam Transportation Services's stock has dropped -20.71% in the past year. It has underperformed other stocks in the trucking industry by -25 percentage points.