Old Dominion Freight Line

ODFL

Market cap $47.5B

Business is getting better for truckers. What stocks to buy now, according to Wall Street.

I track a curated universe of 50 high-quality dividend growth stocks to identify opportune entry points based on valuation and future return potential. Year-to-date through June, the investable universe returned 8.69%, trailing SPY (10.10%) and SCHD (17.50%), but several individual stocks outperformed significantly. Currently, 39 out of 50 stocks offer a forward return estimate of at least 10%, with 22 appearing potentially undervalued by my free cash flow model.

THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (Nasdaq: ODFL) announced today that it plans to release its second quarter 2026 financial results before opening of trading on Wednesday, July 29, 2026. The Company will also hold a conference call to discuss its financial results and outlook at 10:00 a.m. (Eastern Time) on Wednesday, July 29, 2026.An online, real-time webcast of Old Dominion's quarterly conference call will be available at ir.odfl.com on Wednesday, July 29, 202.

Old Dominion Freight Line is poised to benefit as the freight recession finally ends after multiple false starts. ODFL's unmatched service quality and network efficiency have driven industry-leading operating margins and ROE consistently above 20%. Management's disciplined capital allocation—investing through downturns and throttling capex at cycle bottoms—signals a likely inflection point.

Old Dominion Freight Line stock dropped after a Citi analyst downgrade, even though the LTL freight market outlook is improving for 2026. Valuation concerns suggest waiting for a better entry point.

Shares of Old Dominion Freight Line, Inc. (ODFL) are up 52.8% in a year due to strong institutional support.

Forward Air offers a low-valuation entry into expedited logistics but carries significant debt and reported net losses in its most recent fiscal year. Old Dominion Freight Line maintains a debt-free balance sheet and high net margins despite broader economic headwinds facing the trucking industry.

Old Dominion Freight Line and FedEx Freight shares are falling Wednesday.

FDX's consistent efforts to reward its shareholders through dividend hikes highlight its financial bliss.

On CNBC's “Halftime Report Final Trades,” Joseph M. Terranova, senior managing director for Virtus Investment Partners, named Old Dominion Freight Line, Inc. (NASDAQ:ODFL) as his final trade.