XPO (XPO)

• Market cap: $12.5B
• 1 day: 8.92%
• 5 days: 7.26%
• 1 month: -1.36%
• 3 months: -22.24%
• 6 months: -20.80%
• Year to date: -19.91%
• 1 year: -1.25%
• 5 years: 59.01%
• 10 years: 118.80%
• Sector: Industrials
• Industry: Trucking

About: Following the spinoff of its contract logistics division (GXO) in 2021 and freight brokerage operations (RXO) in 2022, XPO is moving closer to becoming a pure-play asset-based less-than-truckload carrier. We estimate LTL shipping makes up 60% of total revenue, with XPO's European truckload and LTL operations making up 40%. However, XPO's LTL segment EBITDA mix is much higher than 60%. We believe XPO intends to divest its European trucking division once it finds the right buyer.

Employees: 41,000

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

29% more first-time investments, than exits

New positions opened: 81 | Existing positions closed: 63

24% more capital invested

Capital invested by funds: $12.4B [Q3] → $15.4B (+$2.99B) [Q4]

9% more funds holding in top 10

Funds holding in top 10: 11 [Q3] → 12 (+1) [Q4]

2% more funds holding

Funds holding: 524 [Q3] → 534 (+10) [Q4]

1.65% more ownership

Funds ownership: 99.24% [Q3] → 100.89% (+1.65%) [Q4]

1% less call options, than puts

Call options by funds: $218M | Put options by funds: $221M

7% less repeat investments, than reductions

Existing positions increased: 172 | Existing positions reduced: 184

Research analyst outlook

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

• Low target: $108 2% upside
• Avg. target: $134 26% upside
• High target: $171 61% upside

13 analyst ratings

• positive: 13 100%
• neutral: 0 0%
• negative: 0 0%

Barclays Brandon Oglenski 30% 1-year accuracy 24 / 79 met price target	18% upside $125	Overweight Maintained	30 Apr 2025
Truist Securities Lucas Servera 0% 1-year accuracy 0 / 13 met price target	18% upside $125	Buy Maintained	24 Apr 2025
Stifel J. Bruce Chan 13% 1-year accuracy 5 / 39 met price target	34% upside $142	Buy Maintained	14 Apr 2025
Jefferies Stephanie Moore 49% 1-year accuracy 17 / 35 met price target	27% upside $135	Buy Maintained	9 Apr 2025
UBS Thomas Wadewitz 20% 1-year accuracy 8 / 40 met price target	2% upside $108	Buy Maintained	8 Apr 2025