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. Xpo (NYSE:XPO)
Xpo (NYSE:XPO) 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 +19.88% per year.
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The Component Grade breakdown for Xpo (NYSE:XPO) is: Value: C, Growth: B, Momentum: C, Sentiment: C, Safety: A, Financials: C, and AI: B.
Xpo (NYSE:XPO) has a Due Diligence Score of 27, which is -3 points lower than the trucking industry average of 30. Although this number is below the industry average, our proven quant model rates XPO as a "B".
XPO passed 9 out of 33 due diligence checks and has average fundamentals. Xpo has seen its stock return 36.18% over the past year, overperforming other trucking stocks by 42 percentage points.
Xpo has an average 1 year
price target of $173.60, a downside of -11.12% from Xpo's current stock price of $195.33.
Xpo stock has a consensus Buy recommendation according to Wall Street analysts. Of the 15 analysts covering Xpo, 60% have issued a Strong Buy rating, 13.33% have issued a Buy, 20% have issued a hold, while 0% have issued a Sell rating, and 6.67% have issued a Strong Sell.
2. Covenant Logistics Group (NYSE:CVLG)
The Component Grade breakdown for Covenant Logistics Group (NYSE:CVLG) is: Value: C, Growth: C, Momentum: C, Sentiment: D, Safety: B, Financials: C, and AI: B.
Covenant Logistics Group (NYSE:CVLG) has a Due Diligence Score of 40, which is 10 points higher than the trucking industry average of 30.
CVLG passed 14 out of 38 due diligence checks and has average fundamentals. Covenant Logistics Group has seen its stock return 7.2% over the past year, overperforming other trucking stocks by 13 percentage points.
3. Arcbest (NASDAQ:ARCB)
Arcbest (NASDAQ:ARCB) is the #3 top trucking stock out of 16 with a Zen Rating of C. Stocks with a rating of C have had an average return of +7.53% per year.
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The Component Grade breakdown for Arcbest (NASDAQ:ARCB) is: Value: C, Growth: C, Momentum: C, Sentiment: F, Safety: B, Financials: C, and AI: B.
Arcbest (NASDAQ:ARCB) has a Due Diligence Score of 48, which is 18 points higher than the trucking industry average of 30.
ARCB passed 17 out of 38 due diligence checks and has strong fundamentals. Arcbest has seen its stock return 9.89% over the past year, overperforming other trucking stocks by 16 percentage points.
Arcbest has an average 1 year
price target of $92.00, a downside of -11.88% from Arcbest's current stock price of $104.40.
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, 0% have issued a Buy, 55.56% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.