DA Davidson Reaffirms “Buy” Rating for Custom Truck One Source (NYSE:CTOS)

Custom Truck One Source (NYSE:CTOS)‘s stock had its “buy” rating reaffirmed by investment analysts at DA Davidson in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $13.00 price target on the stock. DA Davidson‘s price objective points to a potential upside of 24.69% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Robert W. Baird upped their target price 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. Oppenheimer increased their price objective 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. Weiss Ratings upgraded Custom Truck One Source from a “sell (d-)” rating to a “hold (c)” rating in a research report on Tuesday, September 22nd. Zacks Research lowered Custom Truck One Source from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $14.00 target price on shares of Custom Truck One Source in a report on Tuesday. Four 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $12.00.

Custom Truck One Source Price Performance

Custom Truck One Source stock traded up $1.42 during mid-day trading on Tuesday, hitting $10.43. 1,536,212 shares of the company were exchanged, compared to its average volume of 979,643. 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 business’s 50 day simple moving average is $9.36 and its two-hundred day simple moving average is $8.74. The company has a market capitalization of $2.37 billion, a P/E ratio of 115.84 and a beta of 1.43. Custom Truck One Source has a 12-month low of $5.18 and a 12-month high of $12.23.

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

Institutional Investors Weigh In On Custom Truck One Source

Several institutional investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC bought a new stake in shares of Custom Truck One Source in the 2nd quarter valued at about $28,000. State of Alaska Department of Revenue acquired a new stake in Custom Truck One Source in the third quarter valued at approximately $94,000. Entropy Technologies LP bought a new position in shares of Custom Truck One Source during the first quarter valued at $111,000. R Squared Ltd raised its stake in shares of Custom Truck One Source by 14.2% during the first quarter. R Squared Ltd now owns 18,894 shares of the company’s stock valued at $124,000 after acquiring an additional 2,349 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new position in Custom Truck One Source during the first quarter worth $125,000. 90.07% of the stock is owned by institutional investors.

Custom Truck One Source News Summary

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.