According to
Zen Ratings, our proprietary rating system that evaluates 115 factors proven to drive growth in stocks and assigns each stock in our system an overall letter grade as well as 7 individual Component Grades for Value, Growth, Momentum, Sentiment, Safety, Financials, and proprietary AI algorithms, the 3 best trucking stocks to buy right now are:
1. Arcbest (NASDAQ:ARCB)
Arcbest (NASDAQ:ARCB) is the #1 top trucking stock out of 16 with a Zen Rating of A. Stocks with a rating of A have had an average return of +28.5% per year.
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The Component Grade breakdown for Arcbest (NASDAQ:ARCB) is: Value: C, Growth: A, Momentum: C, Sentiment: C, Safety: B, Financials: B, and AI: A.
Arcbest (NASDAQ:ARCB) has a Due Diligence Score of 44, which is 11 points higher than the trucking industry average of 33.
ARCB passed 16 out of 38 due diligence checks and has strong fundamentals. Arcbest has seen its stock return 99.91% over the past year, overperforming other trucking stocks by 65 percentage points.
Arcbest has an average 1 year
price target of $163.09, an upside of 23.05% from Arcbest's current stock price of $132.54.
Arcbest stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Arcbest, 45.45% have issued a Strong Buy rating, 9.09% have issued a Buy, 45.45% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
2. Universal Logistics Holdings (NASDAQ:ULH)
The Component Grade breakdown for Universal Logistics Holdings (NASDAQ:ULH) is: Value: C, Growth: C, Momentum: C, Sentiment: A, Safety: A, Financials: C, and AI: C.
Universal Logistics Holdings (NASDAQ:ULH) has a Due Diligence Score of 17, which is -16 points lower than the trucking industry average of 33. Although this number is below the industry average, our proven quant model rates ULH as a "B".
ULH passed 5 out of 38 due diligence checks and has weak fundamentals. Universal Logistics Holdings has seen its stock return 111.8% over the past year, overperforming other trucking stocks by 77 percentage points.
Universal Logistics Holdings has an average 1 year
price target of $15.00, a downside of -49.34% from Universal Logistics Holdings's current stock price of $29.61.
Universal Logistics Holdings stock has a consensus Hold recommendation according to Wall Street analysts. Of the 1 analyst covering Universal Logistics Holdings, 0% have issued a Strong Buy rating, 0% have issued a Buy, 100% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.
3. Covenant Logistics Group (NYSE:CVLG)
The Component Grade breakdown for Covenant Logistics Group (NYSE:CVLG) is: Value: C, Growth: B, Momentum: C, Sentiment: B, Safety: B, Financials: C, and AI: B.
Covenant Logistics Group (NYSE:CVLG) has a Due Diligence Score of 37, which is 4 points higher than the trucking industry average of 33.
CVLG passed 14 out of 38 due diligence checks and has average fundamentals. Covenant Logistics Group has seen its stock return 66.84% over the past year, overperforming other trucking stocks by 32 percentage points.
Covenant Logistics Group has an average 1 year
price target of $53.20, an upside of 62.94% from Covenant Logistics Group's current stock price of $32.65.
Covenant Logistics Group stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 5 analysts covering Covenant Logistics Group, 60% have issued a Strong Buy rating, 40% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.