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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
OverviewZen ScorePriceValuationFinancialsForecastEarnings & RevenueDividendsOwnership
Technicals
Ticker
Company
Country
Market Cap
Shares
Institutional %
Insider %
Net Insider (L12M)
Net Insider (L3M)
ARCB
ARCBEST CORP
United States
$2.74B23,431,64182.31%17.69%Net SellingNet Selling
SNDR
SCHNEIDER NATIONAL INC
United States
$3.94B175,575,39828.58%23.28%Net SellingNet Selling
TFII
TFI INTERNATIONAL INC
Canada
$11.66B84,555,21067.14%0.00%
WERN
WERNER ENTERPRISES INC
United States
$2.39B63,412,83359.83%40.17%Net SellingNet Selling
ODFL
OLD DOMINION FREIGHT LINE INC
United States
$39.55B217,285,08236.26%20.61%Net SellingNet Selling
MRTN
MARTEN TRANSPORT LTD
United States
$1.47B81,362,70969.06%24.98%Net SellingNet Selling
SAIA
SAIA INC
United States
$10.72B26,588,16293.70%6.30%Net SellingNet Buying
ULH
UNIVERSAL LOGISTICS HOLDINGS INC
United States
$1.26B26,317,32615.98%84.02%Net BuyingNet Buying
KNX
KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC
United States
$8.08B161,611,00058.87%41.13%Net SellingNet Selling
PTSI
PAM TRANSPORTATION SERVICES INC
United States
$381.86M22,034,76214.39%85.61%Net SellingNet Buying
XPO
XPO INC
United States
$12.74B116,330,52252.28%47.72%Net SellingNet Selling
YGMZ
MINGZHU LOGISTICS HOLDINGS LTD
China
$8.72M22,960,2770.17%0.00%
CVLG
COVENANT LOGISTICS GROUP INC
United States
$611.92M13,114,36051.68%32.74%Net SellingNet Selling
BEST
BEST INC
China
$39.75M403,514,3990.25%0.00%
HTLD
HEARTLAND EXPRESS INC
United States
$916.99M79,051,07023.78%76.22%Net BuyingNet Buying
RXO
RXO INC
United States
$2.47B117,548,46585.28%14.72%Net BuyingNet Buying
1

Trucking Stocks FAQ

What are the best trucking stocks to buy right now in May 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 25 points higher than the trucking industry average of 33. It passed 21 out of 38 due diligence checks and has strong fundamentals. Arcbest has seen its stock return 34.8% over the past year, overperforming other trucking stocks by 5 percentage points.

Arcbest has an average 1 year price target of $151.67, an upside of 29.7% from Arcbest's current stock price of $116.94.

Arcbest stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 9 analysts covering Arcbest, 66.67% have issued a Strong Buy rating, 0% have issued a Buy, 22.22% have issued a hold, while 11.11% have issued a Sell rating, and 0% have issued a Strong Sell.

2. Werner Enterprises (NASDAQ:WERN)


Werner Enterprises (NASDAQ:WERN) is the second best trucking stock with a Zen Score of 44, which is 11 points higher than the trucking industry average of 33. It passed 15 out of 38 due diligence checks and has strong fundamentals. Werner Enterprises has seen its stock lose -16.59% over the past year, underperforming other trucking stocks by -46 percentage points.

Werner Enterprises has an average 1 year price target of $40.10, an upside of 6.51% from Werner Enterprises's current stock price of $37.65.

Werner Enterprises stock has a consensus Hold recommendation according to Wall Street analysts. Of the 10 analysts covering Werner Enterprises, 20% have issued a Strong Buy rating, 10% have issued a Buy, 60% have issued a hold, while 10% have issued a Sell rating, and 0% 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 44, which is 11 points higher than the trucking industry average of 33. It passed 17 out of 38 due diligence checks and has strong fundamentals. Tfi International has seen its stock return 28.82% over the past year, underperforming other trucking stocks by -1 percentage points.

Tfi International has an average 1 year price target of $162.10, an upside of 17.57% from Tfi International's current stock price of $137.88.

Tfi International stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 10 analysts covering Tfi International, 60% have issued a Strong Buy rating, 20% have issued a Buy, 20% 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. Schneider National (NYSE:SNDR)


Schneider National (NYSE:SNDR) has an annual dividend yield of 1.63%, which is 1 percentage points higher than the trucking industry average of 0.96%. 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 40.1% 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 0.96%. 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 42.7% indicates that its dividend yield is sustainable for the long-term.

3. Marten Transport (NASDAQ:MRTN)


Marten Transport (NASDAQ:MRTN) has an annual dividend yield of 1.33%, which is the same as the trucking industry average of 0.96%. 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 33.3% indicates that its dividend yield is sustainable for the long-term.

Why are trucking stocks down?

Trucking stocks were down -1.3% in the last day, and up 1.77% 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 86, which is 52 points higher than the trucking industry average of 34. It passed 6 out of 7 valuation due diligence checks.

Arcbest's stock has gained 34.8% in the past year. It has overperformed other stocks in the trucking industry by 5 percentage points.

2. Universal Logistics Holdings (NASDAQ:ULH)


Universal Logistics Holdings (NASDAQ:ULH) is the second most undervalued trucking stock based on WallStreetZen's Valuation Score. Universal Logistics Holdings has a valuation score of 57, which is 23 points higher than the trucking industry average of 34. It passed 4 out of 7 valuation due diligence checks.

Universal Logistics Holdings's stock has gained 86.55% in the past year. It has overperformed other stocks in the trucking industry by 57 percentage points.

3. Werner Enterprises (NASDAQ:WERN)


Werner Enterprises (NASDAQ:WERN) is the third most undervalued trucking stock based on WallStreetZen's Valuation Score. Werner Enterprises has a valuation score of 57, which is 23 points higher than the trucking industry average of 34. It passed 4 out of 7 valuation due diligence checks.

Werner Enterprises's stock has dropped -16.59% in the past year. It has underperformed other stocks in the trucking industry by -46 percentage points.

Are trucking stocks a good buy now?

35.71% of trucking stocks rated by analysts are a strong buy right now. On average, analysts expect trucking stocks to rise by 25.21% 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 28.6x.
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