Paccar Inc. is a leading global manufacturer and designer of heavy-duty trucks, primarily focusing on commercial vehicles under well-known brands such as Peterbilt, Kenworth, and DAF
The company also provides comprehensive after-sales support, including parts and services for its trucks. Beyond its core business in truck production, Paccar has a presence in financial services, offering financing solutions for dealerships and customers to facilitate the acquisition of their vehicles. With a commitment to technology and sustainability, Paccar actively invests in innovations such as electric and autonomous vehicle development, enhancing its position in the evolving transportation landscape.
Trucking company PACCAR (NASDAQPCAR) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 14.3% year on year to $7.36 billion. Its GAAP profit of $1.66 per share was 1.5% below analysts’ consensus estimates.
Katy Huberty, the Global Head of Research at Morgan Stanley, has spotlighted 20 stocks from companies that are likely to see significant benefits from the adoption of Artificial Intelligence (AI).
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Wabash (NYSEWNC) and the rest of the heavy transportation equipment stocks fared in Q3.
Trump-era shifts may accelerate autonomous vehicles, benefiting stocks like Mobileye, Ouster, and Aurora with opportunities in the growing AI-driven market.
Shares of trucking company PACCAR (NASDAQPCAR)
jumped 7.8% in the afternoon session after stocks rallied as Republican party candidate Donald Trump was declared the winner of the 2024 US presidential election.
For industrials stocks, President-elect Trump is considered more pro-business and a defender of American industrial interests. This could generally lead to a more robust capital expenditures and investment environment.
