Custom Truck One Source (CTOS) Stock Price, News & Analysis

Company Overview

Custom Truck One Source, Inc. provides specialty equipment rental and sale services to the electric utility transmission and distribution, telecommunications, rail, forestry, waste management, and other infrastructure-related industries in the United States and Canada. The company operates through three segments: Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS). The ERS segment owns new and used specialty equipment, including truck-mounted aerial lifts, cranes, service trucks, dump trucks, trailers, digger derricks, and other machinery and equipment. The TES segment offers new equipment for sale to be used for end-markets, which can be modified to meet customers specific needs. The APS segment provides truck and equipment maintenance and repair services; and rents and sells specialized tools, including stringing blocks, insulated hot stick, and rigging equipment, as well as sale of specialized aftermarket parts. The company was formerly known as Nesco Holdings, Inc. and changed its name to Custom Truck One Source, Inc. in April 2021. Custom Truck One Source, Inc. was founded in 1988 and is headquartered in Kansas City, Missouri.

Key Stats

• Today's Range: $3.31 to $3.41
• 50-Day Range: $3.11 to $4.51
• 52-Week Range: $3.03 to $7.00
• Volume: 552,163 shs
• Average Volume: 604,525 shs
• Market Capitalization: $815.02 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $5.88
• Consensus Rating: Moderate Buy

Custom Truck One Source Stock Analysis - MarketRank™

Custom Truck One Source scored higher than 65% of companies evaluated by MarketBeat, and ranked 40th out of 87 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Custom Truck One Source has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Custom Truck One Source has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Custom Truck One Source are expected to grow in the coming year, from ($0.12) to $0.01 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Custom Truck One Source is -67.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Custom Truck One Source is -67.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Custom Truck One Source has a P/B Ratio of 0.92. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

8.81% of the float of Custom Truck One Source has been sold short.

Short Interest Ratio / Days to Cover

Custom Truck One Source has a short interest ratio ("days to cover") of 7.4.

Change versus previous month

Short interest in Custom Truck One Source has recently decreased by 5.50%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Custom Truck One Source does not currently pay a dividend.

Dividend Growth

Custom Truck One Source does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

8.81% of the float of Custom Truck One Source has been sold short.

Short Interest Ratio / Days to Cover

Custom Truck One Source has a short interest ratio ("days to cover") of 7.4.

Change versus previous month

Short interest in Custom Truck One Source has recently decreased by 5.50%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.37

News Sentiment

Custom Truck One Source has a news sentiment score of 0.37. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Auto/Tires/Trucks companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Custom Truck One Source this week, compared to 2 articles on an average week.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Custom Truck One Source insiders have sold 7,979.66% more of their company's stock than they have bought. Specifically, they have bought $100,608.00 in company stock and sold $8,128,782.00 in company stock.

Percentage Held by Insiders

Only 5.60% of the stock of Custom Truck One Source is held by insiders.

Percentage Held by Institutions

90.07% of the stock of Custom Truck One Source is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CTOS Stock Analysis - Frequently Asked Questions

How have CTOS shares performed this year?

Custom Truck One Source's stock was trading at $6.18 at the start of the year. Since then, CTOS shares have decreased by 45.1% and is now trading at $3.39.
View the best growth stocks for 2024 here.

How were Custom Truck One Source's earnings last quarter?

Custom Truck One Source, Inc. (NYSE:CTOS) announced its quarterly earnings results on Thursday, August, 1st. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.01) by $0.09. The company's revenue for the quarter was down 7.4% compared to the same quarter last year.

Who are Custom Truck One Source's major shareholders?

Top institutional shareholders of Custom Truck One Source include SG Americas Securities LLC (0.01%) and Creative Planning (0.01%). Insiders that own company stock include Ecp Controlco, Llc, Mark Ein, Ryan Mcmonagle, Marshall Heinberg, Thomas R Rich, Christopher J Eperjesy, Raymond Todd Barrett, Holdings LP Blackstone III, Energy Capital Partners Manage and James Carlsen.
View institutional ownership trends.

How do I buy shares of Custom Truck One Source?

Shares of CTOS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Custom Truck One Source own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Custom Truck One Source investors own include Tesla (TSLA), NVIDIA (NVDA), Meta Platforms (META), JPMorgan Chase & Co. (JPM), Walmart (WMT), Advanced Micro Devices (AMD) and Netflix (NFLX).

Company Calendar

• Last Earnings: 8/01/2024
• Today: 10/17/2024
• Next Earnings (Confirmed): 10/30/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Auto/Tires/Trucks
• Industry: Equipment rental & leasing, not elsewhere classified
• Sub-Industry: Business Services
• Current Symbol: NYSE:CTOS
• CUSIP: N/A
• CIK: 1709682
• Web: www.customtruck.com
• Phone: (816) 241-4888
• Fax: N/A
• Employees: 2,580
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $5.88
• High Stock Price Target: $7.00
• Low Stock Price Target: $5.00
• Potential Upside/Downside: +73.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.10
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $50.71 million
• Net Margins: -0.75%
• Pretax Margin: -0.41%
• Return on Equity: -1.51%
• Return on Assets: -0.40%

Debt

• Debt-to-Equity Ratio: 1.78
• Current Ratio: 1.30
• Quick Ratio: 0.20

Sales & Book Value

• Annual Sales: $1.79 billion
• Price / Sales: 0.46
• Cash Flow: $1.20 per share
• Price / Cash Flow: 2.82
• Book Value: $3.67 per share
• Price / Book: 0.92

Miscellaneous

• Outstanding Shares: 240,418,000
• Free Float: 222,983,000
• Market Cap: $815.02 million
• Optionable: Optionable
• Beta: 0.62