PACCAR Stock (NASDAQ:PCAR), Trade Ideas

PACCAR

Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium brands Kenworth and Peterbilt, which are primarily sold in the NAFTA region and Australia, and DAF trucks, which are sold in Europe and South America. The company's trucks are sold through over 2,300 independent dealers globally. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe.

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Platform Science, a provider of connected vehicle solutions, announced on Tuesday a significant milestone in its growth journey, securing $125 million in funding aimed at bolstering its presence in the commercial trucking sector. 

Participating in this round are existing investors 8VC, NewRoad Capital Partners, and Prologis Ventures (NYSE: 

Platform Science Secures $125M to Grow OEM Partnerships

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On CNBC’s &#34;Halftime Report Final Trades,&#34; Shannon Saccocia of NB Private Wealth named  iShares S&amp;P GSCI Commodity-Indexed Trust (NYSE: GSG), saying that China is expected to beco

CrowdStrike, PACCAR, Leidos Holdings And More On CNBC&#39;s &#39;Final Trades&#39;

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PACCAR reported strong Q4 FY23 sales of $8.59B, exceeding analyst expectations. Globally, the company delivered a record of 204,200 vehicles in the year.

Why Truck Manufacturer PACCAR Shares Are Up Today

PACCAR Inc

Goldman Sachs analyst Jerry Revich maintains PACCAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) with a Neutral and raises the price target from $106 to $121.

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Goldman Sachs Maintains Neutral on PACCAR, Raises Price Target to $121

<div>Platform Science, a provider of connected vehicle solutions, announced on Tuesday a significant milestone in its growth journey, securing $125 million in funding aimed at bolstering its presence in the commercial trucking sector. </div>

Participating in this round are existing investors 8VC, NewRoad Capital Partners, and Prologis Ventures (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pld#NYSE">PLD</a>), joined by new backers Activant Capital, Manhattan Ventures Partners and BDT &amp; MSD Partners.

This expansion round also witnessed participation from Platform Science's strategic allies, including C.R. England, Cummins (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cmi#NYSE">CMI</a>), and Paccar (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pcar#NASDAQ">PCAR</a>), all of whom forged partnerships with the company in 2023. 

Additionally, past partners such as Daimler Truck North America (DTNA), RyderVentures (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/r#NYSE">R</a>), and Schneider National (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sndr#NYSE">SNDR</a>) reiterated their support, underscoring the continued momentum of Platform Science's collaborative efforts within the industry.

The company last announced its Series C raise in 2022, led by SoftBank Vision Fund 2 for $115 million, valuing the company at $575 million. Platform Science has raised $309 million since 2017.

"This funding has the potential to help us accelerate the launch of additional OEM partners and it will enable us to accelerate the number of on-vehicle applications and service partners we add to the vehicle ecosystem" Jack Kennedy, CEO of Platform Science said while continuing to elaborate on the success of its Virtual Vehicle platform that was developed in collaboration with DTNA, Navistar, Paccar and other OEMs.

Virtual Vehicle facilitates direct access to real-time vehicle data for enterprise fleets, telematics service providers (TSPs), third-party developers, shippers, fleet managers and OEMs. By integrating telematics hardware during production, Virtual Vehicle eliminates the need for costly aftermarket installations. 

<table><thead><tr><th>Funding details</th>
			<th><a href="https://www.platformscience.com/">Platform Science</a></th>
		</tr></thead><tbody><tr><td>Funding amount</td>
			<td>$125 million</td>
		</tr><tr><td>Funding round</td>
			<td>Growth investment</td>
		</tr><tr><td>Lead investors</td>
			<td>8VC, NewRoad Capital Partners, and Prologis Ventures</td>
		</tr><tr><td>Secondary investors</td>
			<td>Activant Capital, Manhattan Ventures Partners, BDT &amp; MSD Partners, C.R. England, Cummins, Paccar, DTNA, RyderVentures and Schneider National </td>
		</tr><tr><td>Business goals for the round</td>
			<td>Expand partnerships with OEMs</td>
		</tr><tr><td>Total funding</td>
			<td>$309 million*</td>
		</tr></tbody></table>

*According to Pitchbook

At the same time, fleet managers gain access to a diverse catalog of tailored solutions, while TSPs and developers tap into a vast customer base and distribution channel.

In May 2020, DTNA became the first OEM to integrate factory-installed telematics with cloud and in-dash technology onto Virtual Vehicle.

"We see OEMs who partner with Platform Science becoming more and more creative as they leverage our platform and tools to become software developers providing value-added applications and services to the vehicles they design and manufacture" Kennedy told FreightWaves.

Kennedy explained that with the investment and participation of its OEM partners, Platform Science will have the potential to leverage the OEMs' pool of data to build AI models, "to capture more and more nuance to fine-tune predictive maintenance, supply chain optimization, traffic flow management, fuel and power consumption and an endless number of other use cases."

Platform Science has also recently announced partnerships with LTL provider Averitt in August and truckload transportation company Cheema Freightlines in December. 

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The post <a href="https://www.freightwaves.com/news/platform-science-secures-125m-to-grow-oem-partnerships">Platform Science secures $125M to grow OEM partnerships</a> appeared first on <a href="https://www.freightwaves.com">FreightWaves</a>.

During the last three months, 10 analysts shared their evaluations of PACCAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>), revealing diverse outlooks from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $117.2, a high estimate of $140.00, and a low estimate of $97.00. Witnessing a positive shift, the current average has risen by 13.92% from the previous average price target of $102.88.
<img src="https://www.benzinga.com/files/images/story/2024/1713182426_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The perception of PACCAR by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Tami Zakaria</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$140.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Nick Housden</td>
<td>RBC Capital</td>
<td>Announces</td>
<td>Sector Perform</td>
<td>$123.00</td>
<td>-</td>
</tr>
<tr>
<td>Steven Fisher</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$136.00</td>
<td>$104.00</td>
</tr>
<tr>
<td>Jamie Cook</td>
<td>Truist Securities</td>
<td>Announces</td>
<td>Hold</td>
<td>$117.00</td>
<td>-</td>
</tr>
<tr>
<td>Tami Zakaria</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$135.00</td>
<td>$116.00</td>
</tr>
<tr>
<td>David Raso</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$101.00</td>
<td>$94.00</td>
</tr>
<tr>
<td>Steven Fisher</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$104.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Jerry Revich</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$106.00</td>
<td>$93.00</td>
</tr>
<tr>
<td>Ross Gilardi</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$97.00</td>
<td>$84.00</td>
</tr>
<tr>
<td>Tami Zakaria</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$113.00</td>
<td>$107.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to PACCAR. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of PACCAR compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of PACCAR's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of PACCAR's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/PCAR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on PACCAR analyst ratings.</a>
<h2>Discovering PACCAR: A Closer Look</h2>
Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium brands Kenworth and Peterbilt, which are primarily sold in the NAFTA region and Australia, and DAF trucks, which are sold in Europe and South America. The company's trucks are sold through over 2,300 independent dealers globally. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe.
<h3>Key Indicators: PACCAR's Financial Health</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, PACCAR showcased positive performance, achieving a revenue growth rate of 11.65% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: PACCAR's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 15.61%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 8.89%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): PACCAR's ROA excels beyond industry benchmarks, reaching 3.59%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.91.
<h2>How Are Analyst Ratings Determined?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Beyond The Numbers: 10 Analysts Discuss PACCAR Stock

JP Morgan analyst Tami Zakaria maintains PACCAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) with a Overweight and raises the price target from $135 to $140.

JP Morgan Maintains Overweight on PACCAR, Raises Price Target to $140

PACCAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) has outperformed the market over the past 5 years by 8.0% on an annualized basis producing an average annual return of 20.06%. Currently, PACCAR has a market capitalization of $62.28 billion. 
Buying $1000 In PCAR: If an investor had bought $1000 of PCAR stock 5 years ago, it would be worth $2,532.69 today based on a price of $118.86 for PCAR at the time of writing.
<h3>PACCAR's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712939416_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 5 Years Ago, You Would Have $2,500 Today

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Industrials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HUBB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$470.00</td>
<td>$2.1 million</td>
<td>0</td>
<td>1.2K</td>
</tr>
<tr>
<td>RKLB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$7.00</td>
<td>$55.2K</td>
<td>3.9K</td>
<td>605</td>
</tr>
<tr>
<td>DAY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$65.00</td>
<td>$91.4K</td>
<td>3.2K</td>
<td>520</td>
</tr>
<tr>
<td>UPS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/12/24</td>
<td>$150.00</td>
<td>$26.0K</td>
<td>630</td>
<td>477</td>
</tr>
<tr>
<td>UAL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$37.00</td>
<td>$150.0K</td>
<td>896</td>
<td>401</td>
</tr>
<tr>
<td>LMT</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$200.00</td>
<td>$1.2 million</td>
<td>206</td>
<td>150</td>
</tr>
<tr>
<td>NSC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$290.00</td>
<td>$35.4K</td>
<td>109</td>
<td>132</td>
</tr>
<tr>
<td>ETN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$300.00</td>
<td>$37.5K</td>
<td>374</td>
<td>85</td>
</tr>
<tr>
<td>MMM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$100.00</td>
<td>$30.1K</td>
<td>32</td>
<td>74</td>
</tr>
<tr>
<td>PCAR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$130.00</td>
<td>$26.6K</td>
<td>30</td>
<td>28</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding HUBB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBB#NYSE">HUBB</a>), we observe a call option trade with bearish sentiment. It expires in 168 day(s) on September 20, 2024. Parties traded 1258 contract(s) at a $470.00 strike. The total cost received by the writing party (or parties) was $2.1 million, with a price of $1670.0 per contract. There were 0 open contracts at this strike prior to today, and today 1258 contract(s) were bought and sold. 
• For RKLB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>), we notice a call option trade that happens to be bearish, expiring in 651 day(s) on January 16, 2026. This event was a transfer of 600 contract(s) at a $7.00 strike. The total cost received by the writing party (or parties) was $55.2K, with a price of $92.0 per contract. There were 3956 open contracts at this strike prior to today, and today 605 contract(s) were bought and sold. 
• For DAY (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAY#NYSE">DAY</a>), we notice a put option sweep that happens to be bullish, expiring in 14 day(s) on April 19, 2024. This event was a transfer of 223 contract(s) at a $65.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $91.4K, with a price of $410.0 per contract. There were 3218 open contracts at this strike prior to today, and today 520 contract(s) were bought and sold. 
• For UPS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>), we notice a call option trade that happens to be bullish, expiring in 7 day(s) on April 12, 2024. This event was a transfer of 100 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $26.0K, with a price of $260.0 per contract. There were 630 open contracts at this strike prior to today, and today 477 contract(s) were bought and sold. 
• For UAL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), we notice a put option trade that happens to be bullish, expiring in 441 day(s) on June 20, 2025. This event was a transfer of 400 contract(s) at a $37.00 strike. The total cost received by the writing party (or parties) was $150.0K, with a price of $375.0 per contract. There were 896 open contracts at this strike prior to today, and today 401 contract(s) were bought and sold. 
• For LMT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), we notice a call option trade that happens to be neutral, expiring in 287 day(s) on January 17, 2025. This event was a transfer of 50 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $1.2 million, with a price of $25350.0 per contract. There were 206 open contracts at this strike prior to today, and today 150 contract(s) were bought and sold. 
• Regarding NSC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>), we observe a call option trade with bearish sentiment. It expires in 168 day(s) on September 20, 2024. Parties traded 78 contract(s) at a $290.00 strike. The total cost received by the writing party (or parties) was $35.4K, with a price of $455.0 per contract. There were 109 open contracts at this strike prior to today, and today 132 contract(s) were bought and sold. 
• Regarding ETN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>), we observe a call option sweep with bullish sentiment. It expires in 77 day(s) on June 21, 2024. Parties traded 10 contract(s) at a $300.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $37.5K, with a price of $3750.0 per contract. There were 374 open contracts at this strike prior to today, and today 85 contract(s) were bought and sold. 
• Regarding MMM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), we observe a call option sweep with bullish sentiment. It expires in 287 day(s) on January 17, 2025. Parties traded 49 contract(s) at a $100.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $30.1K, with a price of $610.0 per contract. There were 32 open contracts at this strike prior to today, and today 74 contract(s) were bought and sold. 
• Regarding PCAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>), we observe a call option sweep with bullish sentiment. It expires in 287 day(s) on January 17, 2025. Parties traded 28 contract(s) at a $130.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $26.6K, with a price of $950.0 per contract. There were 30 open contracts at this strike prior to today, and today 28 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

HUBB

RKLB

10 Industrials Stocks With Whale Alerts In Today's Session

PACCAR's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NYSE">PCAR</a>) short percent of float has risen 16.67% since its last report. The company recently reported that it has 6.95 million shares sold short, which is 1.54% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.62 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>PACCAR Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712330111_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for PACCAR has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing PACCAR's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, PACCAR's peer group average for short interest as a percentage of float is 6.51%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(PCAR) - Analyzing PACCAR's Short Interest

PACCAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) has outperformed the market over the past 5 years by 9.41% on an annualized basis producing an average annual return of 22.12%. Currently, PACCAR has a market capitalization of $64.89 billion. 
Buying $100 In PCAR: If an investor had bought $100 of PCAR stock 5 years ago, it would be worth $269.09 today based on a price of $123.84 for PCAR at the time of writing.
<h3>PACCAR's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711560621_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In PACCAR 5 Years Ago Would Be Worth This Much Today

RBC Capital analyst Nick Housden initiates coverage on PACCAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) with a Sector Perform rating and announces Price Target of $123.

Initiation

RBC Capital Initiates Coverage On PACCAR with Sector Perform Rating, Announces Price Target of $123

On CNBC&rsquo;s &quot;<a href="https://www.cnbc.com/video/2024/03/18/final-trades-leidos-holdings-crowdstrike-paccar-and-gsg.html">Halftime Report Final Trades</a>,&quot; Shannon Saccocia of NB Private Wealth named iShares S&amp;P GSCI Commodity-Indexed Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gsg#NYSE">GSG</a>), saying that China is expected to become &quot;much more important later this year and it is a colossal <a href="https://www.benzinga.com/quote/GSG"> consumer of commodities.&quot; </a>
Stephen Weiss of Short Hills Capital Partners named Leidos Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ldos#NYSE">LDOS</a>) as his final trade.
On March 7, Leidos said it was awarded $158 million U.S. Air Force command and control emergency management contract.
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a> 
Jason Snipe of Odyssey Capital Advisors picked CrowdStrike Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crwd#NASDAQ">CRWD</a>), saying cybersecurity will continue to grow.
In a strategic move to enhance its cybersecurity capabilities, CrowdStrike has joined forces with NVIDIA Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>). The collaboration will leverage Nvidia&rsquo;s advanced artificial intelligence technology to fortify CrowdStrike&rsquo;s <a href="https://www.benzinga.com/markets/equities/24/03/37811329/weve-got-the-data-theyve-got-the-power-crowdstrike-ceo-on-nvidia-collaboration-and-ai-for-cybers">cybersecurity solutions.</a>
Joseph M. Terranova of Virtus Investment Partners named PACCAR Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pcar#NASDAQ">PCAR</a>), which is an industrial stock.
On March 15, UBS analyst Steven Fisher upgraded PACCAR from Neutral to Buy and raised the price target from $104 to $136.&nbsp;Truist Securities analyst Jamie Cook initiated coverage on the stock with a Hold rating and a price target of&nbsp;$117 on March 14.
<h3>Price Action</h3>
<ul>
<li>PACCAR shares gained 1.7% to settle at $120.34 on Monday.</li>
<li>iShares S&amp;P GSCI Commodity-Indexed Trust gained 1.3% on Monday.</li>
<li>Leidos Holdings fell 1.2% to settle at $126.35 during Monday&rsquo;s session.</li>
<li>CrowdStrike shares rose 1.7% to settle at $321.06 on Monday.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/24/03/37779982/top-4-tech-stocks-that-may-collapse-in-march"> Top 4 Tech Stocks That May Collapse In March </a>

CrowdStrike, PACCAR, Leidos Holdings And More On CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: Leidos, CrowdStrike, PACCAR

WIIM

PACCAR shares are trading higher after UBS upgraded the stock from Neutral to Buy and raised its price target from $104 to $136.

UBS analyst Steven Fisher upgrades PACCAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) from Neutral to Buy and raises the price target from $104 to $136.

Upgrades

UBS Upgrades PACCAR to Buy, Raises Price Target to $136

8 analysts have expressed a variety of opinions on PACCAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for PACCAR, presenting an average target of $112.25, a high estimate of $135.00, and a low estimate of $97.00. This upward trend is apparent, with the current average reflecting a 15.33% increase from the previous average price target of $97.33.
<img src="https://www.benzinga.com/files/images/story/2024/1710424810_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The standing of PACCAR among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jamie Cook</td>
<td>Truist Securities</td>
<td>Announces</td>
<td>Hold</td>
<td>$117.00</td>
<td>-</td>
</tr>
<tr>
<td>Tami Zakaria</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$135.00</td>
<td>$116.00</td>
</tr>
<tr>
<td>David Raso</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$101.00</td>
<td>$94.00</td>
</tr>
<tr>
<td>Steven Fisher</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$104.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Jerry Revich</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$106.00</td>
<td>$93.00</td>
</tr>
<tr>
<td>Ross Gilardi</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$97.00</td>
<td>$84.00</td>
</tr>
<tr>
<td>Tami Zakaria</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$113.00</td>
<td>$107.00</td>
</tr>
<tr>
<td>Angel Castillo</td>
<td>Morgan Stanley</td>
<td>Announces</td>
<td>Overweight</td>
<td>$125.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to PACCAR. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of PACCAR compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for PACCAR's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of PACCAR's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/PCAR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on PACCAR analyst ratings.</a>
<h2>Delving into PACCAR's Background</h2>
Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium brands Kenworth and Peterbilt, which are primarily sold in the NAFTA region and Australia, and DAF trucks, which are sold in Europe and South America. The company's trucks are sold through over 2,300 independent dealers globally. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe.
<h3>PACCAR: Delving into Financials</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: PACCAR's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 11.65%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: PACCAR's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 15.61% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 8.89%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): PACCAR's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.59% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: PACCAR's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.91.
<h2>The Significance of Analyst Ratings Explained</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 8 Analyst Projections For PACCAR

Truist Securities analyst Jamie Cook initiates coverage on PACCAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) with a Hold rating and announces Price Target of $117.

Truist Securities Initiates Coverage On PACCAR with Hold Rating, Announces Price Target of $117

PACCAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) has outperformed the market over the past 5 years by 7.69% on an annualized basis producing an average annual return of 20.38%. Currently, PACCAR has a market capitalization of $59.74 billion. 
Buying $100 In PCAR: If an investor had bought $100 of PCAR stock 5 years ago, it would be worth $249.88 today based on a price of $114.03 for PCAR at the time of writing.
<h3>PACCAR's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710190817_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

PACCAR shares are trading higher. JP Morgan maintained an Overweight rating on the stock and raised its price target from $116 to $135.

JP Morgan analyst Tami Zakaria maintains PACCAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) with a Overweight and raises the price target from $116 to $135.

JP Morgan Maintains Overweight on PACCAR, Raises Price Target to $135

PACCAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) has outperformed the market over the past 5 years by 7.07% on an annualized basis producing an average annual return of 19.78%. Currently, PACCAR has a market capitalization of $58.51 billion. 
Buying $100 In PCAR: If an investor had bought $100 of PCAR stock 5 years ago, it would be worth $247.72 today based on a price of $111.68 for PCAR at the time of writing.
<h3>PACCAR's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1709224214_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 5 Years Ago, You Would Have $200 Today

Analysts' ratings for PACCAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) over the last quarter vary from bullish to bearish, as provided by 6 analysts.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $107.67, a high estimate of $125.00, and a low estimate of $97.00. Observing a 15.03% increase, the current average has risen from the previous average price target of $93.60. 
<img src="https://www.benzinga.com/files/images/story/2024/1708448447_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The standing of PACCAR among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>David Raso</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$101.00</td>
<td>$94.00</td>
</tr>
<tr>
<td>Steven Fisher</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$104.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Jerry Revich</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$106.00</td>
<td>$93.00</td>
</tr>
<tr>
<td>Ross Gilardi</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$97.00</td>
<td>$84.00</td>
</tr>
<tr>
<td>Tami Zakaria</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$113.00</td>
<td>$107.00</td>
</tr>
<tr>
<td>Angel Castillo</td>
<td>Morgan Stanley</td>
<td>Announces</td>
<td>Overweight</td>
<td>$125.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to PACCAR. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of PACCAR compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of PACCAR's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
For valuable insights into PACCAR's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/PCAR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on PACCAR analyst ratings.</a>
<h2>All You Need to Know About PACCAR</h2>
Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium brands Kenworth and Peterbilt, which are primarily sold in the NAFTA region and Australia, and DAF trucks, which are sold in Europe and South America. The company's trucks are sold through over 2,300 independent dealers globally. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. The company commands approximately 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe.
<h3>PACCAR: Delving into Financials</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Over the 3 months period, PACCAR showcased positive performance, achieving a revenue growth rate of 4.37% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 15.61%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): PACCAR's ROE excels beyond industry benchmarks, reaching 8.89%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 3.59%, the company showcases effective utilization of assets.
Debt Management: PACCAR's debt-to-equity ratio is below the industry average. With a ratio of 1.0, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>What Are Analyst Ratings?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Scoreboard: 6 Ratings For PACCAR

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The automotive industry is poised for substantial expansion, thanks to the rising demand for EVs and the adoption of advanced automotive technologies. Given this backdrop, it could be wise to buy top auto stocks BYD Company (BYDDY), PACCAR (PCAR), and AB (publ) (VLVLY). Read more... The automotive industry is thriving due to factors like rapid urbanization and population growth, along with rising per capita income, which influences demand for new vehicles and the adoption of electric vehicles. Given the industry's tailwinds, investors could consider buying fundamentally sound auto stocks BYD Company Limited (<a href="https://stocknews.com/stock/BYDDY/">BYDDY</a>), PACCAR Inc (<a href="https://stocknews.com/stock/PCAR/">PCAR</a>), and AB Volvo (publ) (<a href="https://stocknews.com/stock/VLVLY/">VLVLY</a>) this month.
The global automotive industry is projected to grow at a <a href="https://www.globenewswire.com/news-release/2024/03/14/2846022/0/en/Global-Automotive-Industry-Market-Size-To-Exceed-USD-6-861-45-Billion-By-2033-CAGR-Of-6-77.html">6.8% CAGR</a>, reaching $6.86 trillion by 2033.
The automotive industry's growth is influenced by various factors, such as the adoption of electric vehicles, the development and manufacturing of long-range batteries, the installation of fast and ultra-fast charging points, the introduction of autonomous vehicles, and the deployment of 5G connectivity.
BloombergNEF's electric vehicle outlook projects <a href="https://assets.bbhub.io/professional/sites/24/2431510_BNEFElectricVehicleOutlook2023_ExecSummary.pdf">730 million passenger EVs</a> on the road by 2040, comprising 44% of global passenger vehicle sales by 2030.
In addition, Artificial Intelligence (AI) is revolutionizing the automotive industry, driving advancements in autonomous vehicles and improving production capabilities, supported by growing consumer demand and government initiatives. The global automotive AI market is expected to grow at a <a href="https://www.grandviewresearch.com/industry-analysis/automotive-artificial-intelligence-market-report">CAGR of 22.7%</a> by 2030.
Considering these encouraging trends, let's take a look at the fundamentals of the three best <a href="https://stocknews.com/category/auto-vehicle-makers/">Auto &amp; Vehicle Manufacturers</a> industry stocks, beginning with the third choice.
Stock #3: BYD Company Limited (<a href="https://stocknews.com/stock/BYDDY/">BYDDY</a>)
Headquartered in Shenzhen, China, BYDDY deals in automobiles and batteries business in the People's Republic of China, Hong Kong, Macau, Taiwan, and internationally. The company operates in two segments: Mobile Handset Components, Assembly Service and Other Products; and Automobiles and Related Products and Other Products.
BYDDY's trailing-12-month <a href="https://www.investopedia.com/terms/e/ebitda-margin.asp">EBITDA margin</a> of 12.34% is 11.2% higher than the industry average of 11.10%. Also, the stock's trailing-12-month net income margin and ROCE of 4.99% and 24.02% are 5.5% and 110.9% higher than the industry averages of 4.73% and 11.39%, respectively.
On March 25, 2024, BYDDY became the world's first automaker to roll off its seven millionth new energy vehicle, the DENZA N7, unveiled at its Jinan factory in China, symbolizing another groundbreaking accomplishment for the brand.
On February 26, BYDDY unveiled the first pure electric supercar model U9 under its high-end sub-brand, YANGWANG, priced at RMB1.68 million ($232.08 thousand), and announced that the delivery will start this summer.
In the nine months ended September 30, BYDDY's total operating revenue rose 57.8% year-over-year to RMB422.27 billion ($58.33 billion). Its other income grew 145% from the prior-year period to RMB2.82 billion ($389.55 million). Also, its total profit amounted to RMB26.07 billion ($3.60 billion), up 115.1% from the prior-year period.
Analysts expect BYDDY's revenue for the first quarter (ended March 2024) to increase 5% year-over-year to $41.44 billion. For the fiscal year ending December 2025, its revenue is likely to grow 27.8% year-over-year to $106.61 billion.
BYDDY's stock has soared 5.6% over the past month to close the last trading session at $53.46.
BYDDY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its promising outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
The stock has an A grade for Sentiment and a B in Quality and Value. It is ranked #16 in the 52-stock <a href="https://stocknews.com/category/auto-vehicle-makers/">Auto &amp; Vehicle Manufacturers</a> industry.
Beyond what is stated above, we've also rated BYDDY for Growth, Momentum, and Stability. Get all BYDDY ratings <a href="https://stocknews.com/stock/BYDDY/">here</a>.
Stock #2: PACCAR Inc (<a href="https://stocknews.com/stock/PCAR/">PCAR</a>)
PCAR designs, manufactures, and distributes light, medium, and heavy-duty commercial trucks in the United States, Canada, Europe, Mexico, South America, Australia, and internationally. It operates through three segments: Truck; Parts; and Financial Services.
PCAR's trailing-12-month EBIT margin of 17.20% is 72.7% higher than the industry average of negative 9.96%. Its trailing-12-month EBITDA margin of 18.44% is 35% higher than the 13.66% industry average. Also, the stock's trailing-12-month net income margin of 13.10% is 121.8% higher than the 5.91% industry average.
During the fourth quarter, which ended December 31, 2023, PCAR's sales and revenues grew 11.7% year-over-year to $9.08 billion. The company's net income and net income per share rose 53.8% and 53.4% from a year-ago quarter to $1.42 billion and $2.70, respectively.
As of December 31, 2023, its current assets amounted to $40.82 billion, compared to its previous fiscal year's current assets of $33.28 billion.
PCAR's revenue and EPS are expected to be $31.58 billion and $8.06, respectively, for the fiscal year ending December 2024. The company surpassed its revenue and EPS estimates in each of the trailing four quarters, which is promising.
Shares of PCAR have gained 25.7% over the past three months to close the last trading session at $118.88.
PCAR's POWR Ratings reflect bright prospects. The stock has an overall rating of B, which equates to Buy in our proprietary rating system.
PCAR has a B grade for Stability. It is ranked #15 in the same industry.
In addition to the POWR Ratings highlighted above, one can access PACR's ratings for Sentiment, Value, Quality, Growth and Momentum, <a href="https://stocknews.com/stock/PCAR/">here</a>.
Stock #1: AB Volvo (publ) (<a href="https://stocknews.com/stock/VLVLY/">VLVLY</a>)
Headquartered in Gothenburg, Sweden, VLVLY and its subsidiaries manufacture and sell trucks, buses, construction equipment, and marine and industrial engines internationally.
VLVLY's trailing-12-month EBIT margin of 14.50% is 46.1% higher than the industry average of 9.92%, and its trailing-12-month EBITDA margin of 15.64% is 14.2% higher than the industry average of 13.69%. In addition, the stock's trailing-12-month net income margin of 9.01% is 52.3% higher than the 5.92% industry average.
On April 12, VLVLY announced its plans to build a new heavy-duty truck plant in Mexico to bolster its U.S. production. This move will aid the growth of Volvo and Mack Trucks in the U.S. and Canadian markets and support Mack truck sales in Mexico and Latin America. Operations are slated to start in 2026.
During the fiscal fourth quarter, which ended on December 31, 2023, VLVLY's net sales increased 10.3% year-over-year to SEK148.12 billion ($13.80 billion). The company's adjusted operating income stood at SEK18.38 billion ($1.72 billion), reflecting a 51% increase year-over-year.
Moreover, its income for the period and EPS rose 80.7% and 81.9% from the previous year's quarter to SEK12.09 billion ($1.13 billion) and SEK5.93, respectively.
Street expects VLVLY's EPS and revenue for fiscal year 2025 to increase 8.6% and 5.2% year-over-year to $2.38 and $49.99 billion, respectively.
VLVLY's strong fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which equates to Buy in our proprietary rating system.
VLVLY has a B grade for Stability and Quality. It is ranked #13 in the same industry.
<a href="https://stocknews.com/stock/VLVLY/">Click here</a> to access the additional VLVLY ratings (Growth, Value, Momentum, and Sentiment).
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BYDDY shares were trading at $52.61 per share on Friday afternoon, down $0.85 (-1.58%). Year-to-date, BYDDY has declined -4.81%, versus a 7.51% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/byddy-pcar-vlvly-3-auto-stocks-investors-are-bullish-on-in-april/>3 Auto Stocks Investors Are Bullish on in April</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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