Knight Transportation (KNX)

• Market cap: $6.79B
• 1 day: 0.55%
• 5 days: -2.04%
• 1 month: -1.04%
• 3 months: -3.53%
• 6 months: -11.02%
• Year to date: -20.67%
• 1 year: -20.03%
• 5 years: -0.88%
• 10 years: 48.91%
• Sector: Industrials
• Industry: Trucking

About: Knight-Swift is the largest full-truckload carrier in the US, with a diversified transportation offering. Pro forma for the US Xpress deal, about 82% of revenue derives from Knight's asset-based trucking business, with full truckload (for-hire dry van, refrigerated, and dedicated contract) making up 69% and less than truckload 13%. Truck brokerage and other asset-light logistics services make up 9% of revenue, with intermodal near 6%. Knight's intermodal operations use the Class I railroads for the underlying movement of its shipping containers and include drayage (regional trucking services to and from inland intermodal ramps/terminals). The remainder of revenue reflects services offered to shippers and third-party truckers, including equipment maintenance and leasing.

Employees: 35,300

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

7% more capital invested

Capital invested by funds: $6.57B [Q1] → $7.04B (+$477M) [Q2]

4.94% more ownership

Funds ownership: 93.21% [Q1] → 98.15% (+4.94%) [Q2]

9% less funds holding

Funds holding: 478 [Q1] → 437 (-41) [Q2]

11% less repeat investments, than reductions

Existing positions increased: 152 | Existing positions reduced: 170

21% less call options, than puts

Call options by funds: $36.5M | Put options by funds: $46.1M

29% less funds holding in top 10

Funds holding in top 10: 7 [Q1] → 5 (-2) [Q2]

38% less first-time investments, than exits

New positions opened: 56 | Existing positions closed: 90

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $49
• Avg. target: $54
• High target: $60

8 analyst ratings

• positive: 5 63%
• neutral: 3 38%
• negative: 0 0%

UBS Thomas Wadewitz	$51	Neutral Downgraded	5 Sep 2025
Baird Daniel Moore	$60	Outperform Maintained	25 Jul 2025
JP Morgan Brian Ossenbeck	$52	Neutral Maintained	24 Jul 2025
B of A Securities Ken Hoexter	$49	Neutral Maintained	24 Jul 2025
Raymond James David Hicks	$55	Strong Buy Maintained	15 Jul 2025