Knight Transportation (KNX)

• Market cap: $6.41B
• 1 day: -0.10%
• 5 days: 0.44%
• 1 month: -9.93%
• 3 months: -33.08%
• 6 months: -26.16%
• Year to date: -25.72%
• 1 year: -15.27%
• 5 years: 5.35%
• 10 years: 16.54%
• 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 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

379% more call options, than puts

Call options by funds: $192M | Put options by funds: $40M

36% more first-time investments, than exits

New positions opened: 53 | Existing positions closed: 39

23% more repeat investments, than reductions

Existing positions increased: 187 | Existing positions reduced: 152

20% more funds holding in top 10

Funds holding in top 10: 5 [Q3] → 6 (+1) [Q4]

2.9% more ownership

Funds ownership: 92.98% [Q3] → 95.88% (+2.9%) [Q4]

2% more capital invested

Capital invested by funds: $8.11B [Q3] → $8.24B (+$127M) [Q4]

1% more funds holding

Funds holding: 454 [Q3] → 458 (+4) [Q4]

Research analyst outlook

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

• Low target: $44 12% upside
• Avg. target: $49 26% upside
• High target: $63 61% upside

13 analyst ratings

• positive: 8 62%
• neutral: 5 38%
• negative: 0 0%

Barclays Brandon Oglenski 30% 1-year accuracy 24 / 79 met price target	48% upside $58	Overweight Maintained	24 Apr 2025
TD Securities Jason Seidl 5% 1-year accuracy 1 / 21 met price target	25% upside $49	Buy Maintained	24 Apr 2025
JP Morgan Brian Ossenbeck 27% 1-year accuracy 9 / 33 met price target	17% upside $46	Neutral Maintained	24 Apr 2025
Susquehanna Bascome Majors 27% 1-year accuracy 13 / 48 met price target	15% upside $45	Positive Maintained	24 Apr 2025
Wells Fargo Christian Wetherbee 25% 1-year accuracy 13 / 53 met price target	17% upside $46	Overweight Maintained	24 Apr 2025