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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:

Arcbest (NASDAQ:ARCB) is the top trucking stock with a Zen Score of 58, which is 22 points higher than the trucking industry average of 36. It passed 21 out of 38 due diligence checks and has strong fundamentals. Arcbest has seen its stock return 40.83% over the past year, underperforming other trucking stocks by -9 percentage points.

Arcbest has an average 1 year price target of $118.78, an upside of 18.47% from Arcbest's current stock price of $100.26.

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, 11.11% have issued a Buy, 33.33% have issued a hold, while 11.11% have issued a Sell rating, and 0% have issued a Strong Sell.

Covenant Logistics Group (NASDAQ:CVLG) is the second best trucking stock with a Zen Score of 54, which is 18 points higher than the trucking industry average of 36. It passed 19 out of 38 due diligence checks and has strong fundamentals. Covenant Logistics Group has seen its stock return 54.47% over the past year, overperforming other trucking stocks by 4 percentage points.

Covenant Logistics Group has an average 1 year price target of $70.00, an upside of 60.7% from Covenant Logistics Group's current stock price of $43.56.

Covenant Logistics Group stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 1 analyst covering Covenant Logistics Group, 100% have issued a Strong Buy rating, 0% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

Universal Logistics Holdings (NASDAQ:ULH) is the third best trucking stock with a Zen Score of 53, which is 17 points higher than the trucking industry average of 36. It passed 19 out of 38 due diligence checks and has strong fundamentals. Universal Logistics Holdings has seen its stock lose -24.01% over the past year, underperforming other trucking stocks by -74 percentage points.

Universal Logistics Holdings has an average 1 year price target of $35.00, an upside of 42.16% from Universal Logistics Holdings's current stock price of $24.62.

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.

Out of 10 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 1.71%, which is 1 percentage points higher than the trucking industry average of 0.97%. 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 8.5% indicates that its dividend yield is sustainable for the long-term.

Werner Enterprises (NASDAQ:WERN) has an annual dividend yield of 1.35%, 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 18.6% 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 0.97%. 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 14.7% indicates that its dividend yield is sustainable for the long-term.

Trucking stocks were down -0.16% in the last day, and down -3.27% 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:

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 100, which is 54 points higher than the trucking industry average of 46. It passed 7 out of 7 valuation due diligence checks.

Covenant Logistics Group's stock has gained 54.47% in the past year. It has overperformed other stocks in the trucking industry by 4 percentage points.

Arcbest (NASDAQ:ARCB) is the second most undervalued trucking stock based on WallStreetZen's Valuation Score. Arcbest 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.

Arcbest's stock has gained 40.83% in the past year. It has underperformed other stocks in the trucking industry by -9 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 71, which is 25 points higher than the trucking industry average of 46. It passed 5 out of 7 valuation due diligence checks.

Universal Logistics Holdings's stock has dropped -24.01% in the past year. It has underperformed other stocks in the trucking industry by -74 percentage points.