Custom Truck One Source (NYSE:CTOS) Stock Keeps “Buy” Rating at DA Davidson

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

Several other equities analysts also recently issued reports on the company. Oppenheimer upped their target price on Custom Truck One Source from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Wednesday, August 5th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $14.00 price target on shares of Custom Truck One Source in a research report on Tuesday. Zacks Research downgraded Custom Truck One Source from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Robert W. Baird increased their price target on Custom Truck One Source from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings raised Custom Truck One Source from a “sell (d-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.00.

Custom Truck One Source Stock Performance

Shares of NYSE CTOS traded up $1.42 during mid-day trading on Tuesday, hitting $10.43. The stock had a trading volume of 2,486,943 shares, compared to its average volume of 985,214. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.29 and a current ratio of 1.34. The company has a 50 day moving average of $9.36 and a two-hundred day moving average of $8.74. Custom Truck One Source has a twelve month low of $5.18 and a twelve month high of $12.23. The firm has a market cap of $2.37 billion, a PE ratio of 115.84 and a beta of 1.43.

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

Institutional Investors Weigh In On Custom Truck One Source

Several hedge funds have recently modified their holdings of CTOS. Integrated Wealth Concepts LLC purchased a new stake in shares of Custom Truck One Source during the 2nd quarter worth about $28,000. State of Alaska Department of Revenue purchased a new position in Custom Truck One Source in the 3rd quarter valued at about $94,000. Entropy Technologies LP purchased a new position in Custom Truck One Source in the 1st quarter valued at about $111,000. R Squared Ltd lifted its stake in Custom Truck One Source by 14.2% in the 1st quarter. R Squared Ltd now owns 18,894 shares of the company’s stock valued at $124,000 after buying an additional 2,349 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new position in Custom Truck One Source in the 1st quarter worth approximately $125,000. 90.07% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Custom Truck One Source

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

• Positive Sentiment: Raised 2026 outlook: CTOS now targets $447.5 million to $460 million in adjusted EBITDA and increased planned net rental fleet investment to $210 million-$230 million. The company also raised its specialty equipment rental (SER) revenue guidance, signaling confidence in demand. Custom Truck targets 2026 adjusted EBITDA and rental fleet investment
• Positive Sentiment: Improved quarterly profitability and cash flow: Third-quarter revenue increased 2.7% year over year to $495.2 million, while gross profit rose 12.4% and operating profit increased 16.7%. Net income attributable to common shareholders was $2.3 million, or $0.01 per diluted share, compared with a loss of $0.03 per share a year earlier. Operating cash flow more than doubled to $163.5 million. Custom Truck One Source reports third-quarter results
• Positive Sentiment: Analyst support: D.A. Davidson reaffirmed its Buy rating with a $13 price target, while Cantor Fitzgerald maintained an Overweight rating and a $14 target. These targets imply additional potential upside based on the referenced trading level. D.A. Davidson reaffirms Buy rating
• Neutral Sentiment: EPS met expectations: Adjusted earnings of $0.01 per share matched consensus estimates, but the company’s net margin remained slim at approximately 1%, highlighting limited bottom-line cushion. Custom Truck matches third-quarter earnings estimates
• Negative Sentiment: Revenue missed forecasts: Quarterly sales of $495.2 million fell short of analyst expectations near $516.5 million, which could temper enthusiasm despite the improved margins and higher guidance. The company also continues to carry substantial liabilities and elevated leverage. Custom Truck third-quarter revenue results

Custom Truck One Source Company Profile

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.