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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
Zen Score
Valuation Score
Financials Score
Forecast Score
Performance Score
Dividends Score
ARCB
ARCBEST CORP
60
86
71
44
40
60
SAIA
SAIA INC
53
43
86
22
60
ODFL
OLD DOMINION FREIGHT LINE INC
50
43
86
0
60
60
WERN
WERNER ENTERPRISES INC
50
71
43
44
10
80
TFII
TFI INTERNATIONAL INC
47
43
57
67
30
40

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Use Zen Score to quickly analyze stock fundamentals, even if you don't have a finance background. We run time-tested due diligence checks inspired by legendary investors like Warren Buffett, and score each company based on how many they pass/fail.

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Trucking Stocks FAQ

What are the best trucking stocks to buy right now in Mar 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 50.79% over the past year.

Arcbest has an average 1 year price target of $155.38, an upside of 13.27% from Arcbest's current stock price of $137.17.

Arcbest stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Arcbest, 75% have issued a Strong Buy rating, 0% have issued a Buy, 12.5% have issued a hold, while 12.5% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Saia (NASDAQ:SAIA)


Saia (NASDAQ:SAIA) is the second best trucking stock with a Zen Score of 53, which is 17 points higher than the trucking industry average of 36. It passed 17 out of 33 due diligence checks and has strong fundamentals. Saia has seen its stock return 110.46% over the past year, overperforming other trucking stocks by 59 percentage points.

Saia has an average 1 year price target of $540.17, a downside of -6.94% from Saia's current stock price of $580.46.

Saia stock has a consensus Buy recommendation according to Wall Street analysts. Of the 12 analysts covering Saia, 50% have issued a Strong Buy rating, 16.67% have issued a Buy, 25% have issued a hold, while 0% have issued a Sell rating, and 8.33% have issued a Strong Sell.

3. Old Dominion Freight Line (NASDAQ:ODFL)


Old Dominion Freight Line (NASDAQ:ODFL) 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 18 out of 38 due diligence checks and has strong fundamentals. Old Dominion Freight Line has seen its stock return 27.94% over the past year, underperforming other trucking stocks by -23 percentage points.

Old Dominion Freight Line has an average 1 year price target of $215.23, a downside of -49.71% from Old Dominion Freight Line's current stock price of $427.95.

Old Dominion Freight Line stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Old Dominion Freight Line, 27.27% have issued a Strong Buy rating, 9.09% have issued a Buy, 63.64% have issued a hold, while 0% 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 1.63%, which is 1 percentage points higher than the trucking industry average of 0.97%. 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 1.43%, which is the same as the trucking industry average of 0.97%. 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 31.1% indicates that its dividend yield is sustainable for the long-term.

3. Marten Transport (NASDAQ:MRTN)


Marten Transport (NASDAQ:MRTN) has an annual dividend yield of 1.3%, which is the same as the trucking industry average of 0.97%. 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 27.6% indicates that its dividend yield is sustainable for the long-term.

Why are trucking stocks down?

Trucking stocks were down -0.53% in the last day, and up 0.86% over the last week.

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

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 41 points higher than the trucking industry average of 45. It passed 6 out of 7 valuation due diligence checks.

Arcbest's stock has gained 50.79% in the past year. It has performed in line with other stocks in the trucking industry.

2. Knight Swift Transportation Holdings (NYSE:KNX)


Knight Swift Transportation Holdings (NYSE:KNX) is the second most undervalued trucking stock based on WallStreetZen's Valuation Score. Knight Swift Transportation Holdings has a valuation score of 71, which is 26 points higher than the trucking industry average of 45. It passed 5 out of 7 valuation due diligence checks.

Knight Swift Transportation Holdings's stock has dropped -3.23% in the past year. It has underperformed other stocks in the trucking industry by -54 percentage points.

3. Werner Enterprises (NASDAQ:WERN)


Werner Enterprises (NASDAQ:WERN) is the third most undervalued trucking stock based on WallStreetZen's Valuation Score. Werner Enterprises has a valuation score of 71, which is 26 points higher than the trucking industry average of 45. It passed 5 out of 7 valuation due diligence checks.

Werner Enterprises's stock has dropped -10.94% in the past year. It has underperformed other stocks in the trucking industry by -62 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 -11.7% 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 54.05x.
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.