Full Truck Alliance (NYSE:YMM) Posts Earnings Results, Hits Expectations

Full Truck Alliance (NYSE:YMM) issued its earnings results on Thursday. The company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14, Zacks reports. The firm had revenue of $456.32 million during the quarter, compared to analysts’ expectations of $3.13 billion. Full Truck Alliance had a net margin of 31.92% and a return on equity of 11.33%.

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 2.8%

Shares of Full Truck Alliance stock traded down $0.26 during trading hours on Friday, reaching $8.73. The stock had a trading volume of 3,705,040 shares, compared to its average volume of 9,081,542. The stock’s 50 day moving average is $9.82 and its 200 day moving average is $11.45. Full Truck Alliance has a twelve month low of $8.68 and a twelve month high of $14.07. The firm has a market capitalization of $9.13 billion, a PE ratio of 16.46 and a beta of 0.23.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Barclays lowered their price target on shares of Full Truck Alliance from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 19th. iA Financial set a $8.00 price objective on Full Truck Alliance in a report on Monday, January 12th. Morgan Stanley restated an “overweight” rating on shares of Full Truck Alliance in a research note on Thursday. Daiwa Securities Group lowered Full Truck Alliance from a “buy” rating to a “neutral” rating and set a $9.00 target price on the stock. in a report on Friday. Finally, JPMorgan Chase & Co. cut Full Truck Alliance from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $11.00 to $8.00 in a research report on Monday, January 12th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Full Truck Alliance has an average rating of “Hold” and an average price target of $11.43.

Hedge Funds Weigh In On Full Truck Alliance

A number of large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd lifted its position in shares of Full Truck Alliance by 150.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,937 shares of the company’s stock valued at $32,000 after acquiring an additional 1,762 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Full Truck Alliance by 274.9% during the second quarter. EverSource Wealth Advisors LLC now owns 3,880 shares of the company’s stock worth $46,000 after purchasing an additional 2,845 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in Full Truck Alliance in the 3rd quarter valued at $51,000. Shen Neil Nanpeng acquired a new position in Full Truck Alliance in the 3rd quarter valued at $93,000. Finally, Wells Fargo & Company MN lifted its holdings in Full Truck Alliance by 34.5% in the 4th quarter. Wells Fargo & Company MN now owns 9,258 shares of the company’s stock valued at $99,000 after purchasing an additional 2,373 shares in the last quarter. Institutional investors and hedge funds own 39.02% of the company’s stock.

Full Truck Alliance Company Profile

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.