Full Truck Alliance

YMM

Market cap $9.81B

For 2025, we underperformed the Benchmark, while to a lesser extent also trailing our all-cap international growth Proxy Benchmark. The underperformance was in our view attributable to an abrupt but material correction in several holdings over the potential exposure of quality growth franchises to AI disruption. Lundin Mining Corporation shares rose meaningfully during the fourth quarter after the company raised its 2025 copper production outlook and lowered its cash cost guidance.

Earnings Call Scheduled for 8 :00 A.M. U.S. ET on March 12, 2026   GUIYANG, China, Feb. 27, 2026 /PRNewswire/ -- Full Truck Alliance Co. Ltd.

London-based North of South Capital reported a 240,446-share increase in YMM during the fourth quarter; the estimated transaction value was $2.88 million. Meanwhile, the quarter-end position value fell by $21.18 million, reflecting both trading activity and stock price movement.

YMM has seen its stock and quarterly results take a hit recently, but this could represent an opportunity to get in on YMM. Growth has recently slowed down from its torrid pace, but there is reason to be confident growth is not going away. The charts suggest the decline of the past few months is likely over with support in place, which implies now is the time to enter.

GUIYANG, China, Jan. 19, 2026 /PRNewswire/ -- Full Truck Alliance Co. Ltd. ("FTA" or the "Company") (NYSE: YMM), a leading digital freight platform, today announced that, in order to carry out its long-term commitment to returning value to shareholders, the board of directors of the Company (the "Board") approved a long-term shareholder return plan (the "Plan"), pursuant to which the Company will distribute no less than 50% of the Company's non-GAAP adjusted net income of the preceding fiscal year through dividends and/or share repurchases each year.

Hong Kong-based Bright Valley Capital initiated a new stake in YMM, buying up 2.57 million shares in the third quarter. The position was worth about $33.36 million at quarter-end.

Dallas-based Highlander Partners sold 260,000 shares of Full Truck Alliance in the third quarter. The position value fell by $1.65 million from the previous period.

I lower Full Truck Alliance's rating from Buy to Hold, because of its below-expectations Q3 earnings and weak Q4 guidance. But a Sell would be too harsh, given YMM's potential for higher commission rates and expanding margins in the longer term. YMM trades at a PEG ratio of 0.97x, implying that the name is reasonably valued.

The company posted mixed third quarter results. It's anticipating marginal year-over-year improvement, at best, on the top line for its current quarter.

Full Truck Alliance Co. Ltd. ( YMM ) Q3 2025 Earnings Call November 17, 2025 7:00 AM EST Company Participants Mao Mao - Head of Investor Relations Hui Zhang - Founder, Chairman & CEO Chong Cai - Chief Financial Officer Conference Call Participants Ronald Keung - Goldman Sachs Group, Inc., Research Division Eddy Wang - Morgan Stanley, Research Division Brian Gong - Citigroup Inc., Research Division Yuan Liao - Citic Securities Co., Ltd.