Knight Transportation

KNX

Market cap $12.3B

Knight-Swift (KNX) reported earnings 30 days ago. What's next for the stock?

Knight-Swift is rated Hold despite a credible long-term LTL strategy and freight market recovery, as the current valuation fully prices in the recovery. Q1'26 results were heavily impacted by non-recurring items, but management guides for a sharp Q2 earnings rebound with adjusted EPS of $0.45–$0.49. The LTL segment buildout, leveraging Yellow terminal assets, is a multi-year value driver but still carries execution and legacy liability risks.

Knight-Swift Transportation Holdings Inc. faces persistent inflation and rising oil prices, squeezing margins despite benefiting from LTL and TL market undercapacity. KNX's Q1 2026 revenue rose 1.4% YoY to $1.85B, but operating margin declined to 1.4% as cost pressures intensified. Valuation appears stretched: KNX trades at a 1.47x P/S ratio versus a 1.18x average, with target prices ($54.44–$62.99) below current levels.

PHOENIX--(BUSINESS WIRE)--Knight-Swift Transportation Holdings Inc. (NYSE: KNX) (the "Company" or "Knight-Swift") announced today that its board of directors ("the Board") has declared the Company's quarterly cash dividend of $0.20 per share of common stock. The Company's quarterly dividends are pursuant to a cash dividend policy approved by the Board. The actual declaration of future cash dividends, and the establishment of record and payment dates, is subject to final determination by the Boa.

Knight-Swift Transportation Holdings remains a buy as pricing has moved decisively higher and the cycle has turned upward. Q1 2026 results were weak on the surface, but underlying metrics—improving TL utilization and LTL freight mix—signal stronger operational positioning. Management raised truckload bid targets to high-single-digit to low-double-digit increases, reflecting a materially improved pricing environment.

PHOENIX--(BUSINESS WIRE)--Knight-Swift Transportation Holdings Inc. (NYSE:KNX) (the “Company” or “Knight-Swift”), one of North America's largest and most diversified freight transportation companies, announced today the pricing of $1.3 billion aggregate principal amount of 1.00% Convertible Senior Notes due 2031 (the “notes”) in a private placement (the “offering”) only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as.

PHOENIX--(BUSINESS WIRE)--Knight-Swift Transportation Holdings Inc. (NYSE:KNX) (the “Company” or “Knight-Swift”), one of North America's largest and most diversified freight transportation companies, announced today that it intends to offer, subject to market conditions and other factors, $1.0 billion aggregate principal amount of Convertible Senior Notes due 2031 (the “notes”) in a private placement (the “offering”) only to persons reasonably believed to be “qualified institutional buyers” pur.

KNX posts Q1 EPS in line with estimates but plunges 67.9% YoY, as weak segment performance and rising costs weigh despite modest revenue growth.

Knight-Swift Transportation Holdings Inc. (KNX) Q1 2026 Earnings Call Transcript

While the top- and bottom-line numbers for Knight-Swift (KNX) give a sense of how the business performed in the quarter ended March 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.