PACCAR
PCAR

$99.24

1.68%

Market Cap: 52B

About: 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 about 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe.

Employees: 32,400

Consumer Discretionary Motor Vehicles & Passenger Car Bodies

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 14 analysts

0

News positive %

of 15 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

64% more first-time investments, than exits

New positions opened: 141 | Existing positions closed: 86

40% more funds holding in top 10

Funds holding in top 10: 15 [Q4 2023] → 21 (+6) [Q1 2024]

26% more capital invested

Capital invested by funds: $33.3B [Q4 2023] → $41.9B (+$8.61B) [Q1 2024]

15% more call options, than puts

Call options by funds: $236M | Put options by funds: $204M

6% more funds holding

Funds holding: 920 [Q4 2023] → 975 (+55) [Q1 2024]

4% more repeat investments, than reductions

Existing positions increased: 362 | Existing positions reduced: 348

0.35% less ownership

Funds ownership: 65.02% [Q4 2023] → 64.67% (-0.35%) [Q1 2024]

See Fund Rankings

Research analyst outlook

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

Low target

$101

2%

upside

Avg. target

$120

21%

upside

High target

$140

41%

upside

14 analyst ratings

6 positive

43%

8 neutral

57%

0 negative

0%

Deutsche Bank Nicole Deblase	10%upside $109	Buy Maintained	24 Jul 2024
JP Morgan Tami Zakaria	16%upside $115	Overweight Maintained	24 Jul 2024
Truist Securities Jamie Cook	8%upside $107	Hold Maintained	24 Jul 2024
Truist Securities Jamie Cook	16%upside $115	Hold Maintained	2 Jul 2024
Citigroup Kyle Menges	16%upside $115	Neutral Initiated	26 Jun 2024

See Analyst Rankings

Financial journalist opinion

Based on 15 articles about PCAR published over the past 30 days

Zacks Investment Research

PACCAR's (PCAR) Q2 Pre-Tax Profit From Trucks Unit Lags Estimates

PACCAR (PCAR) second-quarter earnings miss estimates amid lower-than-expected pre-tax profit from Trucks and Financial Services segments.

PACCAR's (PCAR) Q2 Pre-Tax Profit From Trucks Unit Lags Estimates

PACCAR Inc. (PCAR) Q2 2024 Earnings Call Transcript

PACCAR Inc. (NASDAQ:PCAR ) Q2 2024 Earnings Conference Call July 23, 2024 12:00 PM ET Company Participants Ken Hastings - Director of Investor Relations Preston Feight - Chief Executive Officer Harrie Schippers - President and Chief Financial Officer Brice Poplawski - Vice President and Controller Conference Call Participants Steven Volkman - Jefferies Steven Fisher - UBS Tami Zakaria - JPMorgan Angel Castillo - Morgan Stanley Jamie Cook - Trist David Raso - Evercore ISI Jerry Revich - Goldman Sachs Chad Dillard - Bernstein Rob Wertheimer - Melius Research Nicole DeBlase - Deutsche Bank Kyle Menges - Citigroup Scott Group - Wolfe Research Michael Feniger - Bank of America Merrill Lynch Jeffrey Kauffman - Vertical Research Partners Miguel Borrega - BNP Paribas Tim Thein - Raymond James Operator Good morning and welcome to PACCAR's Second Quarter 2024 Earnings Conference Call. All lines will be in a listen-only mode until the question-and-answer session.

PACCAR Inc. (PCAR) Q2 2024 Earnings Call Transcript

The Motley Fool

Why Paccar Stock Rolled Downhill Today

Paccar stock beat on sales and missed on earnings this morning. Both sales and earnings declined year over year however.

Why Paccar Stock Rolled Downhill Today

PACCAR's second-quarter profit falls on higher capital spend

U.S. truckmaker PACCAR Inc reported a fall in its second-quarter profit on Tuesday, marginally missing estimates, hurt by inflationary pressures and high capital spending.

PACCAR's second-quarter profit falls on higher capital spend

Zacks Investment Research

Paccar (PCAR) Reports Q2 Earnings: What Key Metrics Have to Say

While the top- and bottom-line numbers for Paccar (PCAR) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Paccar (PCAR) Reports Q2 Earnings: What Key Metrics Have to Say

Zacks Investment Research

Paccar (PCAR) Q2 Earnings and Revenues Miss Estimates

Paccar (PCAR) came out with quarterly earnings of $2.13 per share, missing the Zacks Consensus Estimate of $2.15 per share. This compares to earnings of $2.33 per share a year ago.

Paccar (PCAR) Q2 Earnings and Revenues Miss Estimates

PACCAR Achieves Excellent Quarterly Revenues and Profits

BELLEVUE, Wash.--(BUSINESS WIRE)--“PACCAR achieved excellent revenues and net income in the second quarter of 2024,” said Preston Feight, chief executive officer. “PACCAR's truck and Parts operations achieved robust quarterly sales and profits due to industry-leading trucks and strong aftersales performance that enhanced customer uptime. PACCAR Financial Services delivered good profitability due to its growing, high quality portfolio. I am very proud of our employees for delivering industry-lea.

PACCAR Achieves Excellent Quarterly Revenues and Profits

Zacks Investment Research

Factors at Play Ahead of PACCAR's (PCAR) Q2 Earnings Release

The Zacks Consensus Estimate for PACCAR's (PCAR) second-quarter EPS and revenues is pegged at $2.14 and $8.33 billion, respectively.

Factors at Play Ahead of PACCAR's (PCAR) Q2 Earnings Release

Zacks Investment Research

Paccar (PCAR) Increases Despite Market Slip: Here's What You Need to Know

Paccar (PCAR) reachead $109.21 at the closing of the latest trading day, reflecting a +0.29% change compared to its last close.

Paccar (PCAR) Increases Despite Market Slip: Here's What You Need to Know

Paccar's Q2 Earnings: Why It Beats The Market And What To Do Now

Paccar stock has outperformed the S&P 500 over the past 5 years, delivering close to 160% total return. Paccar is a truck manufacturer with a strong dividend history, low yield, and low payout ratio, offering a real combined yield of 4-5%. Despite being in a cyclical market, Paccar's diverse revenue streams and financial strategies have attracted investors and supported stock growth.

Paccar's Q2 Earnings: Why It Beats The Market And What To Do Now

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