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 B. Stocks with a rating of B have had an average return of +17.17% per year.
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The Component Grade breakdown for Arcbest (NASDAQ:ARCB) is: Value: C, Growth: C, Momentum: B, Sentiment: C, Safety: B, Financials: C, and AI: C.
Arcbest (NASDAQ:ARCB) has a Due Diligence Score of 45, which is 17 points higher than the trucking industry average of 28.
ARCB passed 16 out of 38 due diligence checks and has strong fundamentals. Arcbest has seen its stock return 81.88% over the past year, overperforming other trucking stocks by 36 percentage points.
Arcbest has an average 1 year
price target of $154.91, an upside of 2.69% from Arcbest's current stock price of $150.85.
Arcbest stock has a consensus Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Arcbest, 54.55% have issued a Strong Buy rating, 0% 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. Xpo (NYSE:XPO)
Xpo (NYSE:XPO) is the #2 top trucking stock out of 16 with a Zen Rating of B. Stocks with a rating of B have had an average return of +17.17% per year.
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The Component Grade breakdown for Xpo (NYSE:XPO) is: Value: C, Growth: B, Momentum: B, Sentiment: B, Safety: A, Financials: C, and AI: C.
Xpo (NYSE:XPO) has a Due Diligence Score of 29, which is 1 points higher than the trucking industry average of 28.
XPO passed 10 out of 33 due diligence checks and has average fundamentals. Xpo has seen its stock return 57.44% over the past year, overperforming other trucking stocks by 11 percentage points.
Xpo has an average 1 year
price target of $228.13, an upside of 9.66% from Xpo's current stock price of $208.03.
Xpo stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 16 analysts covering Xpo, 62.5% have issued a Strong Buy rating, 18.75% have issued a Buy, 12.5% have issued a hold, while 0% have issued a Sell rating, and 6.25% 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: C, Momentum: A, Sentiment: B, Safety: A, Financials: C, and AI: C.
Covenant Logistics Group (NYSE:CVLG) has a Due Diligence Score of 30, which is 2 points higher than the trucking industry average of 28.
CVLG passed 11 out of 38 due diligence checks and has average fundamentals. Covenant Logistics Group has seen its stock return 81.64% over the past year, overperforming other trucking stocks by 35 percentage points.
Covenant Logistics Group has an average 1 year
price target of $60.00, an upside of 29.03% from Covenant Logistics Group's current stock price of $46.50.
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.