PAL

Proficient Auto Logistics
PAL

$19.41

2%

Market Cap: 506M

About: Proficient Auto Logistics Inc is a non-union, specialized freight company focused on providing auto transportation and logistics services. The company operates auto transportation fleets in North America based upon information obtained from the Auto Haulers Association of America, utilizing auto transport vehicles and trailers daily, including Company-owned transport vehicles and trailers. The reportable segments of the company are Truckload and Brokerage. The company derives maximum revenue from the brokerage segment that retains the customer relationship, including billing and collection, and outsources the transportation of the loads to third-party carriers.

Employees: 650

Industrials Transportation Services

–

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 3 analysts

–

News positive %

Fund manager confidence

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Research analyst outlook

3 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$18

7%

downside

Avg. target

$19.67

1%

upside

High target

$22

13%

upside

3 analyst ratings

3 positive

100%

0 neutral

0%

0 negative

0%

Barrington Research Alexander Paris	13%upside $22	Outperform Initiated	17 Jul 2024
Stifel J. Bruce Chan	2%downside $19	Buy Initiated	3 Jun 2024
Raymond James Patrick Tyler Brown	7%downside $18	Outperform Initiated	3 Jun 2024

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Financial journalist opinion

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3 IPO Gems Flying Under the Radar (for Now)

Proficient Auto Logistics Reports First Quarter 2024 Financial Results

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Proficient Auto Logistics, Inc. (NASDAQ: PAL) today reported the financial results for the three months ended March 31, 2024 for Proficient Auto Logistics, Inc. (“Proficient”), Proficient Auto Transport, Inc. (“Proficient Transport”) and for the five Founding Companies (as defined below) on a combined basis. On May 13, 2024, Proficient completed the initial public offering (the “IPO”) of its common stock. Prior to the IPO, Proficient had entered into agreeme.

Proficient Auto Logistics Reports First Quarter 2024 Financial Results

Proficient Auto Logistics Announces Timing of First Quarter 2024 Earnings Release

JACKSONVILLE, Fla.--(BUSINESS WIRE)--Proficient Auto Logistics, Inc. (NASDAQ: PAL) (the “Company”) today announced that the Company will issue its first quarter 2024 financial results on Tuesday, June 18, 2024 at approximately 8:00 a.m. EDT. The release will be followed by an investor conference call at 9:00 a.m. EDT to discuss the results. The Company invites investors to join the investor conference call by registering through this link: https://register.vevent.com/register/BIdd40ce9adc75493a.

Proficient Auto Logistics Announces Timing of First Quarter 2024 Earnings Release

Proficient Auto Logistics Announces Partial Exercise of IPO Over-Allotment Option

JACKSONVILLE, Fla.--(BUSINESS WIRE)--As previously announced, in connection with its initial public offering (“IPO”), Proficient Auto Logistics, Inc. (NASDAQ: PAL) (the “Company”) granted the underwriters of its IPO a customary 30-day over-allotment option to buy up to an additional 2,149,999 shares of common stock from the Company at the IPO price, less underwriting discounts and commissions. The Company today announced the sale of 1,435,000 shares of its common stock pursuant to the partial e.

Proficient Auto Logistics Announces Partial Exercise of IPO Over-Allotment Option

Proficient Auto Logistics: Many Questions For This Automotive Logistics IPO

Proficient Auto Logistics is a non-union specialized freight company formed from the merger of five leading auto logistics companies. PAL operates one of the largest auto transportation fleets in North America, serving well-known brands and dealerships. The IPO generated gross proceeds of $215 million, but the pro forma earnings implications are uncertain due to the combination of five firms.

Proficient Auto Logistics: Many Questions For This Automotive Logistics IPO

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Four IPOs and one SPAC debuted this past week. Two IPOs and one SPAC submitted initial filings. Two IPOs submitted initial filings this past week. One IPO is currently scheduled for the week ahead, though some small issuers may join the calendar late.

PAL Stock: 7 Things to Know as Proficient Auto Logistics Starts Trading Today

Proficient Auto Logistics (NASDAQ:PAL) stock is a hot topic on Thursday as the auto transportation and logistics services company's shares start trading today. Let's get into everything investors need to know about PAL stock now that it's trading on a public exchange!

PAL Stock: 7 Things to Know as Proficient Auto Logistics Starts Trading Today

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Cruise operator Viking Holdings led the week's deals, completing the year's largest US IPO to date. Michael Klein's Churchill Capital Corp IX raised $250 million in the first blank check IPO in over a month.

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Proficient Auto Logistics Seeks IPO For Acquisition Plan

Proficient Auto Logistics, Inc. seeks to raise $100 million in an IPO to fund its roll-up acquisition plan. The company provides automobile transportation and logistics services and aims to combine with five other companies post-IPO. The IPO is highly speculative due to the unusual decision to fund the acquisition plan with public investment capital.

Proficient Auto Logistics Seeks IPO For Acquisition Plan

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