Full Truck Alliance (NYSE:YMM) Issues Quarterly Earnings Results

Full Truck Alliance (NYSE:YMM) issued its quarterly earnings results on Thursday, March 12th. The company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.14, Zacks reports. The business had revenue of $456.32 million for the quarter, compared to analyst estimates of $3.13 billion. Full Truck Alliance had a return on equity of 11.33% and a net margin of 35.22%.

Here are the key takeaways from Full Truck Alliance’s conference call:

• In Q4 total fulfilled orders reached 36.9 million (+12.3% YoY) and full-year orders were 236 million (+19.8% YoY), with cold-chain orders up nearly 30%, signaling continued platform demand and engagement.
• Full-year results showed improved profitability — net revenue RMB 12.49 billion (+11.1% YoY), transaction service revenue RMB 5.32 billion (+38.2% YoY), and net income RMB 4.46 billion (+42.8% YoY), with adjusted net income RMB 4.79 billion (+19.3% YoY).
• Management is rapidly integrating AI (commercial GigaAI heavy-truck feed, AI shipper assistant, and broader AI-driven matching/dispatch/pricing/credit) and expects AI to boost matching efficiency and strengthen network effects over the medium term.
• Platform-wide ecosystem governance (real-name checks, removal of fake/low-quality accounts, curbs on freight reselling and misclassified orders) weighed on near-term order growth but, per management, improved fulfillment quality and monetization potential.
• Capital allocation remains shareholder-friendly — ~US$200M paid in 2025 dividends, ~US$52.4M repurchases in 2025, and a planned ~US$400M return for 2026 plus an announced Q1 dividend — while pursuing disciplined investments (overseas, autonomous driving).

Full Truck Alliance Trading Down 2.6%

YMM traded down $0.21 on Thursday, reaching $8.13. The stock had a trading volume of 1,963,459 shares, compared to its average volume of 8,943,242. The business’s 50-day moving average price is $9.41 and its two-hundred day moving average price is $11.16. The company has a market cap of $8.51 billion, a P/E ratio of 13.56 and a beta of 0.23. Full Truck Alliance has a 12-month low of $8.10 and a 12-month high of $14.07.

Full Truck Alliance Dividend Announcement

The company also recently announced a dividend, which will be paid on Wednesday, April 22nd. Investors of record on Wednesday, April 8th will be paid a $0.084 dividend. This represents a dividend yield of 203.0%. The ex-dividend date is Wednesday, April 8th. Full Truck Alliance’s payout ratio is currently 26.67%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on YMM. Morgan Stanley reissued an “overweight” rating on shares of Full Truck Alliance in a report on Thursday, March 12th. JPMorgan Chase & Co. lowered Full Truck Alliance from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $11.00 to $8.00 in a report on Monday, January 12th. Daiwa Securities Group cut Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 price objective for the company. in a research note on Friday, March 13th. iA Financial set a $8.00 target price on Full Truck Alliance in a research report on Monday, January 12th. Finally, Weiss Ratings lowered shares of Full Truck Alliance from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 13th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Full Truck Alliance currently has an average rating of “Hold” and a consensus price target of $11.43.

Hedge Funds Weigh In On Full Truck Alliance

A number of hedge funds have recently bought and sold shares of YMM. Orion Porfolio Solutions LLC raised its stake in Full Truck Alliance by 47.3% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 18,636 shares of the company’s stock valued at $220,000 after purchasing an additional 5,982 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new stake in Full Truck Alliance during the 4th quarter valued at about $193,000. LPL Financial LLC raised its holdings in Full Truck Alliance by 39.4% in the 4th quarter. LPL Financial LLC now owns 16,788 shares of the company’s stock valued at $180,000 after acquiring an additional 4,742 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Full Truck Alliance in the fourth quarter valued at approximately $152,000. Finally, Brevan Howard Capital Management LP purchased a new position in Full Truck Alliance during the third quarter worth approximately $145,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

About Full Truck Alliance

Full Truck Alliance (NYSE: YMM) operates a leading digital freight platform in China, connecting shippers with a vast network of independent truck drivers. The company’s core offering centers on load matching, enabling cargo owners to find suitable carriers quickly through a mobile and web-based interface. By streamlining the booking process, Full Truck Alliance helps reduce downtime and improves overall asset utilization for both shippers and drivers.

The platform features real-time route optimization, electronic waybills, digital payment solutions and in-app communication tools.