Custom Truck One Source (NYSE:CTOS) Stock Rating Reaffirmed as “Buy” by DA Davidson

Custom Truck One Source (NYSE:CTOS)‘s stock had its “buy” rating reaffirmed by equities research analysts at DA Davidson in a research report issued on Tuesday, Benzinga reports. They currently have a $13.00 price target on the stock. DA Davidson‘s price target indicates a potential upside of 24.69% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $14.00 price target on shares of Custom Truck One Source in a research report on Tuesday. Robert W. Baird increased their price target on shares of Custom Truck One Source from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Weiss Ratings raised shares of Custom Truck One Source from a “sell (d-)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd. Zacks Research cut Custom Truck One Source from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 5th. Finally, Oppenheimer lifted their price objective on shares of Custom Truck One Source from $11.00 to $13.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Four equities research 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $12.00.

Custom Truck One Source Price Performance

Shares of CTOS stock traded up $1.42 during trading hours on Tuesday, hitting $10.43. The stock had a trading volume of 2,486,773 shares, compared to its average volume of 985,213. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.34 and a quick ratio of 0.29. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 115.84 and a beta of 1.43. Custom Truck One Source has a one year low of $5.18 and a one year high of $12.23. The stock’s 50-day moving average price is $9.36 and its two-hundred day moving average price is $8.74.

Custom Truck One Source (NYSE:CTOS) last announced its quarterly earnings results on Monday, October 26th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. Custom Truck One Source had a return on equity of 2.66% and a net margin of 1.05%. The company had revenue of $495.22 million during the quarter, compared to analyst estimates of $516.51 million. During the same period in the prior year, the company earned ($0.03) earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. Equities analysts forecast that Custom Truck One Source will post 0.13 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. R Squared Ltd raised its stake in shares of Custom Truck One Source by 14.2% during the 1st quarter. R Squared Ltd now owns 18,894 shares of the company’s stock worth $124,000 after buying an additional 2,349 shares during the period. Integrated Wealth Concepts LLC purchased a new position in shares of Custom Truck One Source during the 2nd quarter valued at approximately $28,000. Quantinno Capital Management LP grew its stake in Custom Truck One Source by 27.0% in the 1st quarter. Quantinno Capital Management LP now owns 19,628 shares of the company’s stock valued at $129,000 after acquiring an additional 4,174 shares during the period. State of Alaska Department of Revenue acquired a new stake in Custom Truck One Source in the 3rd quarter valued at $94,000. Finally, Entropy Technologies LP acquired a new stake in Custom Truck One Source in the 1st quarter valued at $111,000. Hedge funds and other institutional investors own 90.07% of the company’s stock.

Key Stories Impacting Custom Truck One Source

Here are the key news stories impacting Custom Truck One Source this week:

• Positive Sentiment: 2026 outlook raised: CTOS now targets $447.5 million to $460 million in adjusted EBITDA and increased its planned net rental fleet investment to $210 million-$230 million. The company also raised its specialty rental equipment revenue guidance. Custom Truck targets 2026 adjusted EBITDA and rental fleet investment
• Positive Sentiment: Rental demand and profitability improved: Third-quarter revenue rose 2.7% year over year to $495.2 million, while rental revenue increased 20.1%. Gross profit climbed 12.4% to $113.3 million, operating profit rose 16.7% to $38.1 million, and operating cash flow more than doubled to $163.5 million. Custom Truck One Source reports third-quarter results
• Positive Sentiment: Analyst support strengthened: D.A. Davidson reaffirmed a Buy rating with a $13 price target, while Cantor Fitzgerald maintained its Overweight rating and set a $14 target, implying additional upside based on the referenced share price.
• Neutral Sentiment: CTOS reported third-quarter adjusted earnings of $0.01 per share, in line with consensus, and swung from a loss of $0.03 per share in the prior-year period. Management characterized the quarter as a record period, although growth remained modest.
• Negative Sentiment: Revenue missed expectations: Quarterly sales of $495.2 million fell short of estimates near $516.5 million-$526.8 million, with results affected in part by weather-related pressures. Net income attributable to common shareholders was only $2.3 million, or $0.01 per diluted share.
• Negative Sentiment: CTOS continues to carry substantial financial obligations, including approximately $2.8 billion of total liabilities, $173.5 million of third-quarter capital expenditures and limited cash of $14.6 million. Its low quick ratio and high debt-to-equity ratio remain risks as the company expands its rental fleet.

About Custom Truck One Source

Custom Truck One Source, Inc is a specialty equipment provider serving the utility, telecommunications, rail, and related infrastructure industries. The company sells, rents, leases, and services new and used trucks and equipment, including aerial devices, cranes, digger derricks, bucket trucks, service trucks, trailers, and other specialized vehicles.

Through its parts and service operations, Custom Truck One Source provides replacement parts, maintenance, repair, refurbishment, and field support for specialty equipment.