Sectors & IndustriesIndustrialsTrucking

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 60, which is 23 points higher than the trucking industry average of 37. It passed 22 out of 38 due diligence checks and has strong fundamentals. Arcbest has seen its stock return 52.36% over the past year, overperforming other trucking stocks by 10 percentage points.

Arcbest has an average 1 year price target of $161.63, an upside of 10.74% from Arcbest's current stock price of $145.95.

Arcbest stock has a consensus Buy recommendation according to Wall Street analysts. Of the 8 analysts covering Arcbest, 62.5% have issued a Strong Buy rating, 0% have issued a Buy, 25% have issued a hold, while 12.5% 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 54, which is 17 points higher than the trucking industry average of 37. It passed 20 out of 38 due diligence checks and has strong fundamentals. Old Dominion Freight Line has seen its stock return 23.73% over the past year, underperforming other trucking stocks by -19 percentage points.

Old Dominion Freight Line has an average 1 year price target of $217.41, a downside of -0.85% from Old Dominion Freight Line's current stock price of $219.28.

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.

Saia (NASDAQ:SAIA) is the third best trucking stock with a Zen Score of 53, which is 16 points higher than the trucking industry average of 37. It passed 17 out of 33 due diligence checks and has strong fundamentals. Saia has seen its stock return 90.42% over the past year, overperforming other trucking stocks by 48 percentage points.

Saia has an average 1 year price target of $587.18, an upside of 7.49% from Saia's current stock price of $546.28.

Saia stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 11 analysts covering Saia, 54.55% have issued a Strong Buy rating, 18.18% have issued a Buy, 27.27% 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:

Schneider National (NYSE:SNDR) has an annual dividend yield of 1.73%, which is 1 percentage points higher than the trucking industry average of 1.01%. 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.

Werner Enterprises (NASDAQ:WERN) has an annual dividend yield of 1.57%, which is 1 percentage points higher than the trucking industry average of 1.01%. 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.

Marten Transport (NASDAQ:MRTN) has an annual dividend yield of 1.43%, which is the same as the trucking industry average of 1.01%. 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.

Trucking stocks were up 3.56% in the last day, and down -1.77% over the last week.

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

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 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 52.36% in the past year. It has overperformed other stocks in the trucking industry by 10 percentage points.

Werner Enterprises (NASDAQ:WERN) is the second most undervalued trucking stock based on WallStreetZen's Valuation Score. Werner Enterprises 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.

Werner Enterprises's stock has dropped -23.33% in the past year. It has underperformed other stocks in the trucking industry by -66 percentage points.

Knight Swift Transportation Holdings (NYSE:KNX) is the third most undervalued trucking stock based on WallStreetZen's Valuation Score. Knight Swift Transportation 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.

Knight Swift Transportation Holdings's stock has dropped -13.31% in the past year. It has underperformed other stocks in the trucking industry by -56 percentage points.