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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
Dividends Score
Market Cap
Dividend Yield
Payout Ratio
Last Dividend
Annual Dividend
Dividend Percentile
Dividend Dropped Count (L10Y)
Ex-dividend Date
Div. Payment Date
ARCB
ARCBEST CORP
$2.34B0.48%5.90%$0.1200$0.487%02024-11-132024-11-27
ODFL
OLD DOMINION FREIGHT LINE INC
$43.07B0.49%15.70%$0.2600$0.987%02024-12-042024-12-18
TFII
TFI INTERNATIONAL INC
$11.17B1.21%28.80%$0.4000$1.6025%22024-12-312025-01-15
SAIA
SAIA INC
$12.78BN/A0.00%N/AN/AN/AN/A
SNDR
SCHNEIDER NATIONAL INC
$4.98B0.99%41.00%$0.0950$0.2819%12024-12-132025-01-08
ULH
UNIVERSAL LOGISTICS HOLDINGS INC
$1.12B0.98%8.70%$0.1050$0.4219%12024-12-022025-01-02
WERN
WERNER ENTERPRISES INC
$2.32B1.49%56.60%$0.1400$0.5631%0
MRTN
MARTEN TRANSPORT LTD
$1.29B1.51%43.60%$0.0600$0.2431%3
XPO
XPO INC
$15.15BN/A0.00%N/AN/AN/AN/A
CVLG
COVENANT LOGISTICS GROUP INC
$676.12M0.21%13.70%$0.1100$0.112%0
KNX
KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC
$8.57B1.17%258.30%$0.1600$0.6224%0
YGMZ
MINGZHU LOGISTICS HOLDINGS LTD
$5.84MN/A0.00%N/AN/AN/AN/A
PTSI
PAM TRANSPORTATION SERVICES INC
$339.16MN/A0.00%N/AN/AN/AN/A
BEST
BEST INC
$54.26MN/AN/AN/AN/AN/AN/A
RXO
RXO INC
$3.29BN/A0.00%N/AN/AN/AN/A
HTLD
HEARTLAND EXPRESS INC
$856.38M0.73%-26.70%$0.0200$0.0813%1

Trucking Stocks FAQ

What are the best trucking stocks to buy right now in Nov 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 58, which is 26 points higher than the trucking industry average of 32. It passed 21 out of 38 due diligence checks and has strong fundamentals. Arcbest has seen its stock lose -12.56% over the past year, underperforming other trucking stocks by -31 percentage points.

Arcbest has an average 1 year price target of $124.90, an upside of 24.88% from Arcbest's current stock price of $100.02.

Arcbest stock has a consensus Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Arcbest, 40% have issued a Strong Buy rating, 0% have issued a Buy, 50% have issued a hold, while 10% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Old Dominion Freight Line (NASDAQ:ODFL)


Old Dominion Freight Line (NASDAQ:ODFL) is the second best trucking stock with a Zen Score of 48, which is 16 points higher than the trucking industry average of 32. It passed 18 out of 38 due diligence checks and has strong fundamentals. Old Dominion Freight Line has seen its stock return 2.9% over the past year, underperforming other trucking stocks by -16 percentage points.

Old Dominion Freight Line has an average 1 year price target of $196.20, a downside of -2.38% from Old Dominion Freight Line's current stock price of $200.98.

Old Dominion Freight Line stock has a consensus Hold recommendation according to Wall Street analysts. Of the 15 analysts covering Old Dominion Freight Line, 13.33% have issued a Strong Buy rating, 13.33% have issued a Buy, 66.67% have issued a hold, while 0% have issued a Sell rating, and 6.67% have issued a Strong Sell.

3. Tfi International (NYSE:TFII)


Tfi International (NYSE:TFII) is the third best trucking stock with a Zen Score of 42, which is 10 points higher than the trucking industry average of 32. It passed 16 out of 38 due diligence checks and has strong fundamentals. Tfi International has seen its stock return 18.2% over the past year.

Tfi International has an average 1 year price target of $163.50, an upside of 23.8% from Tfi International's current stock price of $132.07.

Tfi International stock has a consensus Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Tfi International, 50% have issued a Strong Buy rating, 20% have issued a Buy, 30% 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 9 trucking stocks that have issued dividends in the past year, the 3 trucking stocks with the highest dividend yields are:

1. Marten Transport (NASDAQ:MRTN)


Marten Transport (NASDAQ:MRTN) has an annual dividend yield of 1.51%, which is 1 percentage points higher than the trucking industry average of 0.93%. 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 43.6% 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 1.49%, which is 1 percentage points higher than the trucking industry average of 0.93%. 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 56.6% indicates that its dividend yield is sustainable for the long-term.

3. Tfi International (NYSE:TFII)


Tfi International (NYSE:TFII) has an annual dividend yield of 1.21%, which is the same as the trucking industry average of 0.93%. Tfi International's dividend payout is not stable, having dropped more than 10% two times in the last 10 years. Tfi International's dividend has shown consistent growth over the last 10 years.

Tfi International's dividend payout ratio of 28.8% indicates that its dividend yield is sustainable for the long-term.

Why are trucking stocks down?

Trucking stocks were down -0.84% in the last day, and up 2.56% 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 71, which is 45 points higher than the trucking industry average of 26. It passed 5 out of 7 valuation due diligence checks.

Arcbest's stock has dropped -12.56% in the past year. It has underperformed other stocks in the trucking industry by -31 percentage points.

2. Covenant Logistics Group (NYSE:CVLG)


Covenant Logistics Group (NYSE:CVLG) is the second most undervalued trucking stock based on WallStreetZen's Valuation Score. Covenant Logistics Group has a valuation score of 57, which is 31 points higher than the trucking industry average of 26. It passed 4 out of 7 valuation due diligence checks.

Covenant Logistics Group's stock has gained 31.1% in the past year. It has overperformed other stocks in the trucking industry by 12 percentage points.

3. Universal Logistics Holdings (NASDAQ:ULH)


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 43, which is 17 points higher than the trucking industry average of 26. It passed 3 out of 7 valuation due diligence checks.

Universal Logistics Holdings's stock has gained 91.52% in the past year. It has overperformed other stocks in the trucking industry by 73 percentage points.

Are trucking stocks a good buy now?

38.46% of trucking stocks rated by analysts are a buy right now. On average, analysts expect trucking stocks to rise by 7.51% 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 43.2x.
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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.