Track market-moving stories before they get noisy

Paccar (PCAR - Free Report) closed the most recent trading day at $124.51, moving +1.95% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 1.06%. Elsewhere, the Dow gained 1.18%, while the tech-heavy Nasdaq added 1.4%.

Shares of the truck maker witnessed a loss of 8.41% over the previous month, trailing the performance of the Auto-Tires-Trucks sector with its gain of 7.67%, and the S&P 500's gain of 2.46%.

The investment community will be closely monitoring the performance of Paccar in its forthcoming earnings report. The company's upcoming EPS is projected at $1.61, signifying a 43.75% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $7.54 billion, reflecting a 23.48% rise from the equivalent quarter last year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.89 per share and a revenue of $28.53 billion, representing changes of +17.56% and +8.74%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for Paccar. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.68% higher within the past month. Paccar is currently sporting a Zacks Rank of #2 (Buy).

Valuation is also important, so investors should note that Paccar has a Forward P/E ratio of 20.75 right now. This valuation marks a premium compared to its industry average Forward P/E of 18.64.

It is also worth noting that PCAR currently has a PEG ratio of 1.4. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Automotive - Domestic industry currently had an average PEG ratio of 1.11 as of yesterday's close.

The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 46, finds itself in the top 19% echelons of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

Callan Family Office LLC purchased a new position in PACCAR Inc. (NASDAQ: PCAR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 9,413 shares of the company's stock, valued at approximately $1,131,000. Several other institutional investors and hedge funds have also

A month has gone by since the last earnings report for Paccar (PCAR - Free Report) . Shares have lost about 3.5% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is Paccar due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for PACCAR Inc. before we dive into how investors and analysts have reacted as of late.

PCAR Q2 Earnings Surpass Estimates PACCAR reported second-quarter 2026 earnings of $1.43 per share, beating the Zacks Consensus Estimate of $1.33 by 7.5%. The bottom line increased 4.4% from $1.37 in the year-ago quarter.

Consolidated revenues (including trucks and financial services) were $7.55 billion, up from $7.1 billion in the corresponding quarter of 2025. 

Truck, Parts and Other revenues of $7 rose 0.5% year over year. Higher truck profitability and record parts revenues supported results, while global truck deliveries declined 1.5% to 38,700 units.

Revenue Mix Favors Truck SalesTruck revenues were $5.25 billion in the quarter, edging up from $5.24 billion a year earlier. Parts revenues increased 1.5% to a record $1.75 billion, reflecting continued strength in the aftermarket business.

Financial Services revenues were $549.7 million compared with $547.7 million in the prior-year quarter. Intersegment eliminations and other were $3 million.

Geographically, revenues from the United States and Canada declined 3.3% to $4.59 billion. European revenues advanced 6.9% to $1.79 billion, while revenues from other markets climbed 7.3% to $1.17 billion.

Truck Profit Despite Lower DeliveriesTruck pretax profit rose 16.7% year over year to $360.5 million from $308.8 million.

North American deliveries fell to 22,000 units from 23,000. Europe improved to 11,200 units from 10,600, while other markets declined to 5,500 units from 5,700.

The higher second-quarter build rates were attributable to strong orders and improving freight rates. PACCAR expects constrained freight capacity and an aging fleet to create opportunities for customers to replace trucks with newer, more fuel-efficient models.

PCAR Parts Delivers Record Quarterly RevenuesPACCAR Parts generated pretax income of $417 million compared with $416.5 million a year ago. The modest profit increase came alongside record quarterly revenues and continued investment in distribution and logistics capabilities.

The company expects improving North American freight conditions to support truck utilization and parts demand. Its parts network includes 21 distribution centers serving more than 2,000 DAF, Kenworth and Peterbilt locations and over 350 TRP stores.

First-half parts revenues increased to $3.46 billion from $3.41 billion. Pretax profit for the six-month period declined to $819.3 million from $843 million.

PACCAR Financial Services Holds Profit SteadyFinancial Services pretax income was $124.1 million compared with $123.2 million in the year-ago quarter. Provision for losses on receivables increased to $39.4 million from $29.2 million, partly offsetting steady finance margins and an improving used-truck market.

The business ended the quarter with a portfolio of 222,000 trucks and trailers and $22.3 billion in total assets. PacLease’s fleet stood at 37,000 vehicles, and the segment issued $1.38 billion of medium-term notes during the first half.

First-half Financial Services pretax income declined to $239.6 million from $244.3 million. Revenues increased to $1.09 billion from $1.08 billion over the same period.

Costs and Cash Flow Remain in FocusWithin Truck, Parts and Other, cost of sales and revenues declined to $5.99 billion from $6 billion. Research and development expenses rose to $114.3 million from $112.9 million, while selling, general and administrative expense eased to $138.6 million from $139.2 million.

PACCAR generated $700.8 million in operating cash flow during the quarter. For the first half, operating cash flow was $1.67 billion, while capital investments and research and development expenses totaled $274.2 million and $223.4 million, respectively.

Cash and marketable securities were $8.67 billion as of June 30, 2026, compared with $9.25 billion at Dec. 31, 2025.

2026 ExpectationsThe company maintained its 2026 U.S. and Canada Class 8 industry retail sales forecast at 230,000-270,000 trucks. It expects European above 16-tonne registrations of 290,000-330,000 units, up from the previous estimate of 280,000-320,000.

The South American above 16-tonne market remains projected at 100,000-110,000 trucks. For 2026, capital expenditures are now expected between $700 million and $750 million, down from the previous estimate of $725-$775 million. Research and development expenses are now projected to be in the band of $450-$480 million compared with the previous estimate of $450-$500 million.

PACCAR expects to deliver approximately 42,000 trucks in the third quarter, up from 38,700 units in the second-quarter.

How Have Estimates Been Moving Since Then?It turns out, estimates revision have trended upward during the past month.

The consensus estimate has shifted 5.75% due to these changes.

VGM ScoresAt this time, Paccar has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. Charting a somewhat similar path, the stock has a grade of B on the value side, putting it in the second quintile for this investment strategy.

Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Paccar has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

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Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.

The Style Scores are broken down into four categories:

Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.

Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.

Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.

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Stock to Watch: Paccar (PCAR - Free Report) Headquartered in Bellevue, WA, PACCAR Inc. is a leading manufacturer of heavy-duty trucks in the world and has substantial manufacturing exposure to light/medium trucks. It also designs and manufactures diesel engines and other powertrain components for use in its products and sale to third-party manufacturers of trucks and buses. Besides supplying aftermarket parts, PACCAR also offers finance and leasing services.

PCAR is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 21.5; value investors should take notice.

For fiscal 2026, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.23 to $5.89 per share. PCAR boasts an average earnings surprise of +2.3%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, PCAR should be on investors' short list.

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.

Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.

Zacks Premium also includes the Zacks Style Scores.

What are the Zacks Style Scores? Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.

Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.

Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

Momentum ScoreMomentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.

It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.

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To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.

Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.

A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Paccar (PCAR - Free Report) Headquartered in Bellevue, WA, PACCAR Inc. is a leading manufacturer of heavy-duty trucks in the world and has substantial manufacturing exposure to light/medium trucks. It also designs and manufactures diesel engines and other powertrain components for use in its products and sale to third-party manufacturers of trucks and buses. Besides supplying aftermarket parts, PACCAR also offers finance and leasing services.

PCAR is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Momentum investors should take note of this Auto-Tires-Trucks stock. PCAR has a Momentum Style Score of A, and shares are up 6.9% over the past four weeks.

For fiscal 2026, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.19 to $5.85 per share. PCAR boasts an average earnings surprise of +2.3%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, PCAR should be on investors' short list.

Posted by Defense World Staff on Aug 3rd, 2026

First National Bank of Mount Dora Trust Investment Services decreased its holdings in shares of PACCAR Inc. (NASDAQ:PCAR – Free Report) by 69.7% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,309 shares of the company’s stock after selling 5,304 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in PACCAR were worth $267,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in PCAR. Norges Bank bought a new position in PACCAR during the 4th quarter valued at approximately $727,745,000. Wellington Management Group LLP grew its stake in shares of PACCAR by 18.6% in the fourth quarter. Wellington Management Group LLP now owns 22,977,556 shares of the company’s stock worth $2,516,272,000 after acquiring an additional 3,597,283 shares during the last quarter. UBS Group AG increased its holdings in shares of PACCAR by 74.4% during the fourth quarter. UBS Group AG now owns 4,548,861 shares of the company’s stock valued at $498,146,000 after acquiring an additional 1,940,260 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of PACCAR by 129.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,275,921 shares of the company’s stock valued at $249,237,000 after acquiring an additional 1,286,056 shares in the last quarter. Finally, Focus Partners Wealth raised its position in shares of PACCAR by 17,292.6% in the 4th quarter. Focus Partners Wealth now owns 1,202,700 shares of the company’s stock worth $131,725,000 after purchasing an additional 1,195,785 shares during the last quarter. 64.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades Several brokerages recently commented on PCAR. Sanford C. Bernstein reissued an “outperform” rating and set a $148.00 price objective on shares of PACCAR in a research report on Wednesday. Morgan Stanley set a $119.00 target price on shares of PACCAR in a report on Wednesday. Citigroup increased their price target on shares of PACCAR from $125.00 to $140.00 and gave the company a “neutral” rating in a report on Thursday. Evercore set a $139.00 price target on shares of PACCAR in a research report on Monday, May 11th. Finally, Wells Fargo & Company boosted their price objective on shares of PACCAR from $125.00 to $157.00 and gave the stock an “equal weight” rating in a report on Thursday. Three investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $131.70.

Read Our Latest Analysis on PCAR

PACCAR Stock Performance Shares of PCAR stock opened at $132.68 on Monday. The company has a quick ratio of 2.90, a current ratio of 3.12 and a debt-to-equity ratio of 0.49. The company has a 50 day moving average price of $121.41 and a 200-day moving average price of $120.88. PACCAR Inc. has a 52 week low of $92.25 and a 52 week high of $139.24. The firm has a market capitalization of $69.84 billion, a PE ratio of 27.87, a P/E/G ratio of 1.06 and a beta of 0.97.

PACCAR (NASDAQ:PCAR – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.07. PACCAR had a net margin of 9.00% and a return on equity of 12.73%. The company had revenue of $7.55 billion for the quarter, compared to the consensus estimate of $7.05 billion. During the same quarter in the prior year, the firm earned $1.37 earnings per share. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, equities research analysts expect that PACCAR Inc. will post 5.78 earnings per share for the current year.

PACCAR Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 12th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Wednesday, August 12th. PACCAR’s dividend payout ratio (DPR) is 29.41%.

More PACCAR News Here are the key news stories impacting PACCAR this week:

Positive Sentiment: JPMorgan raised its price target to $164, signaling confidence that PACCAR’s earnings outlook supports additional appreciation. JPMorgan Chase & Co. Increases PACCAR Price Target to $164.00 Positive Sentiment: Recent Q2 coverage highlighted margin gains and record parts revenue, which strengthen the company’s profitability story and helped drive the previous session’s rally. Why PACCAR Is Up After Q2 Margin Gains and Record Parts Revenue Positive Sentiment: Wells Fargo lifted its price target from $125 to $157 while retaining an Equal Weight rating, suggesting analysts see meaningful value even without an outright bullish recommendation. Wells Fargo Raises PACCAR Price Target Positive Sentiment: Comparative Zacks coverage is evaluating PACCAR favorably against automotive and truck-sector alternatives, including Tesla and Yamaha Motor, which may support investor interest in PCAR as a value-oriented industrial stock. PCAR vs. TSLA: Which Stock Should Value Investors Buy Now? Neutral Sentiment: Citigroup raised its target from $125 to $140 but kept a Neutral rating, while the broader analyst consensus remains Hold. This reflects improved expectations but limited conviction at current levels. Citigroup Issues Positive Forecast for PACCAR Negative Sentiment: With PCAR trading near its 12-month high and at roughly 28 times earnings, some investors may be taking profits or questioning whether the strong Q2-related gains are already reflected in the stock. About PACCAR (Free Report)

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.

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Posted by Defense World Staff on Jul 31st, 2026

Amundi boosted its holdings in PACCAR Inc. (NASDAQ:PCAR – Free Report) by 42.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,531,814 shares of the company’s stock after purchasing an additional 454,006 shares during the quarter. Amundi owned about 0.29% of PACCAR worth $176,924,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ares Financial Consulting LLC bought a new position in shares of PACCAR during the 4th quarter worth about $27,000. MCF Advisors LLC increased its position in PACCAR by 57.5% in the 4th quarter. MCF Advisors LLC now owns 252 shares of the company’s stock valued at $28,000 after buying an additional 92 shares in the last quarter. Steph & Co. bought a new stake in PACCAR in the 1st quarter valued at about $29,000. Elyxium Wealth LLC acquired a new position in PACCAR during the 4th quarter worth approximately $30,000. Finally, Wealth Watch Advisors INC acquired a new position in PACCAR during the 3rd quarter worth approximately $32,000. 64.90% of the stock is owned by institutional investors and hedge funds.

PACCAR Stock Performance Shares of PCAR opened at $133.76 on Friday. The firm has a market capitalization of $70.40 billion, a P/E ratio of 28.10, a P/E/G ratio of 1.23 and a beta of 0.97. PACCAR Inc. has a 52 week low of $92.25 and a 52 week high of $139.24. The stock has a 50 day moving average price of $120.95 and a two-hundred day moving average price of $120.78. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.91 and a current ratio of 1.82.

PACCAR (NASDAQ:PCAR – Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.07. The company had revenue of $7.55 billion for the quarter, compared to analyst estimates of $7.05 billion. PACCAR had a return on equity of 12.73% and a net margin of 9.00%.The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter last year, the company earned $1.37 earnings per share. Equities analysts forecast that PACCAR Inc. will post 5.66 earnings per share for the current fiscal year.

PACCAR Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 12th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, August 12th. PACCAR’s dividend payout ratio is presently 29.79%.

Wall Street Analyst Weigh In PCAR has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price objective on PACCAR from $155.00 to $164.00 and gave the company an “overweight” rating in a research note on Wednesday. Weiss Ratings lowered PACCAR from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 21st. Citigroup increased their target price on PACCAR from $125.00 to $140.00 and gave the stock a “neutral” rating in a report on Thursday. Sanford C. Bernstein reissued an “outperform” rating and issued a $148.00 price target on shares of PACCAR in a research report on Wednesday. Finally, Morgan Stanley set a $119.00 price target on shares of PACCAR in a research report on Wednesday. Three analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, PACCAR has an average rating of “Hold” and an average price target of $131.70.

Read Our Latest Research Report on PACCAR

Key Headlines Impacting PACCAR Here are the key news stories impacting PACCAR this week:

Positive Sentiment: PACCAR’s second-quarter results exceeded expectations, with earnings per share of $1.43 versus the $1.36 consensus estimate and revenue of $7.55 billion compared with expectations of $7.05 billion. Revenue increased slightly year over year, while margin gains and record parts revenue reinforced the company’s earnings quality. Why PACCAR Is Up After Q2 Margin Gains and Record Parts Revenue Positive Sentiment: Management’s earnings-call commentary highlighted stable truck demand, regulatory clarity and continued strategic investments, supporting expectations for relatively resilient margins and a firm outlook. PACCAR Earnings Call Highlights Strong Momentum Positive Sentiment: JPMorgan raised its PACCAR price target from $155 to $164 and maintained an “overweight” rating, indicating confidence that earnings strength can support additional appreciation. JPMorgan Raises PACCAR Price Target Positive Sentiment: Wells Fargo increased its target from $125 to $157, while Citigroup raised its target from $125 to $140. These revisions suggest analysts see improved fundamentals, even though both firms retained neutral-style ratings. Analyst Price Target Revisions Neutral Sentiment: Analysts continue to assign an average “hold” rating to PACCAR. The cautious consensus, combined with Citigroup’s “neutral” and Wells Fargo’s “equal weight” ratings, indicates that valuation and the already-strong share performance remain areas of investor concern. PACCAR Receives Average Hold Rating About PACCAR (Free Report)

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.

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PACCAR Inc (PCAR) Q2 2026 Earnings Call Transcript

The USMCA Review Is Coming: 3 Border-Sensitive Stocks to WatchPACCAR NASDAQ: PCAR reported second-quarter revenue of $7.5 billion and net income of $752 million, up 24% from the first quarter, as higher truck production and favorable operating conditions supported its truck division.

Chief Executive Officer Preston Feight said the company increased factory build rates globally during the quarter. Truck deliveries rose to 38,700 units from 33,000 in the prior quarter, and PACCAR expects third-quarter deliveries of about 42,000 units, with higher production partly offset by the typical European summer shutdown period.

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3 Big-Name Stocks Just Announced Big-Time Dividend Increases“These results were driven by strong truck division performance,” Feight said, while PACCAR Parts reached record quarterly revenue and PACCAR Financial Services benefited from steady finance margins and improving used-truck markets.

Parts and financial businesses post strong results PACCAR Parts reported record second-quarter revenue of $1.75 billion and pretax income of $417 million. Its gross margin rose to 29.8%, according to President Kevin Baney.

This Autonomous Vehicle Stock Doubled in June and May Do It AgainBaney said increased truck utilization is beginning to generate more parts and service activity. Revenue from the company’s Fleet Services program increased 8% in the quarter, which he described as an indication that customers are increasing parts purchases. PACCAR expects full-year parts sales growth of 3% to 5%, with growth accelerating in the second half and trending toward the higher end of that range.

PACCAR Financial Services generated pretax income of $124 million. Baney attributed the performance to stable finance margins and strengthening conditions in used-truck markets.

Truck market outlook improves Management said the U.S. and Canadian heavy-truck market is strengthening as freight rates increase and the regulatory environment becomes clearer. PACCAR estimated first-half retail sales in the market at 105,000 trucks and projected approximately 145,000 retail sales in the second half, implying a full-year market of roughly 250,000 units.

Feight said spot freight rates were up about 20% and contract rates had increased 6.5%, helping improve customer operating conditions. He also said customers have deferred capital spending and kept trucks in service longer amid difficult operating conditions in recent years, but are now beginning to return to more normal replacement cycles.

For Europe, PACCAR forecast a 2026 market for trucks above 16 tons of about 310,000 vehicles. The company expects the South American market for trucks above 16 tons to range from 100,000 to 110,000 vehicles this year.

Margins supported by production, costs and tariffs PACCAR’s truck, parts and other gross margin increased to 14.4% in the second quarter from 13.1% in the prior quarter. The company forecast a third-quarter margin of about 14.5%, followed by a further increase in the fourth quarter.

Feight attributed the stronger second-quarter margin to higher truck volume, local-for-local manufacturing, cost controls and favorable pricing relative to costs. He said local production also provided tariff benefits. Management said there was a modest benefit related to International Emergency Economic Powers Act tariffs in the second quarter that should continue into the third quarter, while the broader tariff effect looking ahead is tied to Section 232 tariffs.

Third-quarter margin progression is expected to be moderated by a larger truck mix relative to parts, as well as a shift toward more fleet trucks and fewer vocational trucks, Feight said. Management nevertheless expects profit to increase as production rises.

EPA proposal could reshape 2027 purchasing Management also discussed the Environmental Protection Agency’s July proposal clarifying the timeline for 35-milligram nitrogen oxide engines. Under the proposal, customers could purchase current-generation engines next year while paying a non-conformance fee, allowing manufacturers and customers more time to validate the new technology.

Feight said the proposed non-conformance fee would be in the range of $6,000 to $7,000 per truck, while the cost of a fully compliant 35-milligram engine would likely be higher. PACCAR plans to offer its current engine product to customers while gradually introducing the new engines during the year, subject to the rule’s final form.

The company said the fee would be passed through to the government rather than retained by PACCAR, and therefore should not affect margins. Feight said the regulatory approach could smooth the anticipated pre-buy dynamic and support a healthy truck market in 2027.

PACCAR expects capital investments of $700 million to $750 million in 2026 and research and development spending of $450 million to $480 million. The investments include flexible manufacturing, clean diesel engine development, hybrid and electric powertrains, and connected vehicle services.

About PACCAR (NASDAQ:PCAR)PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company's products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR's core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Paccar (PCAR - Free Report) reported $7 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 0.5%. EPS of $1.43 for the same period compares to $1.37 a year ago.

The reported revenue represents a surprise of -1.49% over the Zacks Consensus Estimate of $7.1 billion. With the consensus EPS estimate being $1.33, the EPS surprise was +7.52%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Paccar performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Truck deliveries - Total: 38,700 versus 37,871 estimated by three analysts on average.Truck deliveries - Other: 5,500 versus 5,256 estimated by three analysts on average.Truck deliveries - Europe: 11,200 versus 10,951 estimated by three analysts on average.Truck deliveries - U.S and Canada: 22,000 versus 21,664 estimated by three analysts on average.Sales and Revenues- Financial Services: $549.7 million versus $539.88 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +0.4% change.Sales and Revenues- Parts: $1.75 billion compared to the $1.78 billion average estimate based on three analysts. The reported number represents a change of +1.5% year over year.Sales and Revenues- Truck: $5.25 billion compared to the $5.15 billion average estimate based on two analysts. The reported number represents a change of +0.2% year over year.Pretax Profit- Financial Services: $124.1 million versus the four-analyst average estimate of $115.96 million.Pretax Profit- Parts: $417 million versus $441.87 million estimated by three analysts on average.Pretax Profit- Truck: $360.5 million versus the two-analyst average estimate of $220.92 million.View all Key Company Metrics for Paccar here>>>

Shares of Paccar have returned +11.6% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

The upcoming report from Paccar (PCAR - Free Report) is expected to reveal quarterly earnings of $1.33 per share, indicating a decline of 2.9% compared to the year-ago period. Analysts forecast revenues of $7.1 billion, representing an increase of 2% year over year.

Over the last 30 days, there has been an upward revision of 2.6% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.

Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.

While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.

In light of this perspective, let's dive into the average estimates of certain Paccar metrics that are commonly tracked and forecasted by Wall Street analysts.

Analysts expect 'Sales and Revenues- Financial Services' to come in at $539.88 million. The estimate suggests a change of -1.4% year over year.

The consensus estimate for 'Sales and Revenues- Parts' stands at $1.78 billion. The estimate points to a change of +3.2% from the year-ago quarter.

The consensus among analysts is that 'Sales and Revenues- Truck' will reach $5.15 billion. The estimate indicates a year-over-year change of -1.8%.

The collective assessment of analysts points to an estimated 'Truck deliveries - Total' of 37,871 . The estimate compares to the year-ago value of 39,300 .

According to the collective judgment of analysts, 'Truck deliveries - Other' should come in at 5,256 . The estimate compares to the year-ago value of 5,700 .

Based on the collective assessment of analysts, 'Truck deliveries - Europe' should arrive at 10,951 . The estimate compares to the year-ago value of 10,600 .

Analysts' assessment points toward 'Truck deliveries - U.S and Canada' reaching 21,664 . The estimate compares to the year-ago value of 23,000 .

Analysts predict that the 'Pretax Profit- Financial Services' will reach $115.96 million. The estimate compares to the year-ago value of $123.20 million.

The combined assessment of analysts suggests that 'Pretax Profit- Parts' will likely reach $441.87 million. The estimate compares to the year-ago value of $416.50 million.

Analysts forecast 'Pretax Profit- Truck' to reach $220.92 million. Compared to the current estimate, the company reported $308.80 million in the same quarter of the previous year.

View all Key Company Metrics for Paccar here>>>

Paccar shares have witnessed a change of +12% in the past month, in contrast to the Zacks S&P 500 composite's +0.4% move. With a Zacks Rank #3 (Hold), PCAR is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Wall Street expects a year-over-year decline in earnings on higher revenues when Paccar (PCAR - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 28. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis truck maker is expected to post quarterly earnings of $1.34 per share in its upcoming report, which represents a year-over-year change of -2.2%.

Revenues are expected to be $7.11 billion, up 2.1% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 2.56% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Paccar?For Paccar, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.45%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Paccar will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Paccar would post earnings of $1.13 per share when it actually produced earnings of $1.15, delivering a surprise of +1.77%.

Over the last four quarters, the company has beaten consensus EPS estimates two times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Paccar doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Stock to Watch: Paccar (PCAR - Free Report) Headquartered in Bellevue, WA, PACCAR Inc. is a leading manufacturer of heavy-duty trucks in the world and has substantial manufacturing exposure to light/medium trucks. It also designs and manufactures diesel engines and other powertrain components for use in its products and sale to third-party manufacturers of trucks and buses. Besides supplying aftermarket parts, PACCAR also offers finance and leasing services.

PCAR is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Momentum investors should take note of this Auto-Tires-Trucks stock. PCAR has a Momentum Style Score of A, and shares are up 2.4% over the past four weeks.

One analyst revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.03 to $5.62 per share. PCAR also boasts an average earnings surprise of +2.2%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, PCAR should be on investors' short list.

In the latest trading session, Paccar (PCAR - Free Report) closed at $124.57, marking a +1.05% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.42% for the day. On the other hand, the Dow registered a gain of 0.29%, and the technology-centric Nasdaq increased by 0.29%.

Prior to today's trading, shares of the truck maker had gained 4.85% outpaced the Auto-Tires-Trucks sector's gain of 0.6% and the S&P 500's gain of 2.2%.

The investment community will be closely monitoring the performance of Paccar in its forthcoming earnings report. The company is scheduled to release its earnings on July 28, 2026. The company is predicted to post an EPS of $1.32, indicating a 3.65% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.1 billion, up 1.92% from the year-ago period.

For the full year, the Zacks Consensus Estimates project earnings of $5.58 per share and a revenue of $27.7 billion, demonstrating changes of +11.38% and +5.59%, respectively, from the preceding year.

Any recent changes to analyst estimates for Paccar should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.15% lower within the past month. Paccar presently features a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that Paccar has a Forward P/E ratio of 22.09 right now. This represents a premium compared to its industry average Forward P/E of 18.19.

It's also important to note that PCAR currently trades at a PEG ratio of 1.15. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Automotive - Domestic industry had an average PEG ratio of 1.

The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 43, placing it within the top 18% of over 250 industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow PCAR in the coming trading sessions, be sure to utilize Zacks.com.

Paccar (PCAR - Free Report) ended the recent trading session at $116.78, demonstrating a -2.78% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 1.44%. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, lost 2.22%.

The truck maker's stock has climbed by 9.85% in the past month, exceeding the Auto-Tires-Trucks sector's loss of 3.79% and the S&P 500's gain of 0.08%.

Analysts and investors alike will be keeping a close eye on the performance of Paccar in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.32, signifying a 3.65% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $7.1 billion, reflecting a 1.92% rise from the equivalent quarter last year.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.59 per share and a revenue of $27.7 billion, indicating changes of +11.58% and +5.59%, respectively, from the former year.

Investors should also note any recent changes to analyst estimates for Paccar. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Paccar is holding a Zacks Rank of #3 (Hold) right now.

Looking at valuation, Paccar is presently trading at a Forward P/E ratio of 21.5. This signifies a premium in comparison to the average Forward P/E of 20.13 for its industry.

Meanwhile, PCAR's PEG ratio is currently 1.12. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Automotive - Domestic industry had an average PEG ratio of 0.99.

The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 104, putting it in the top 43% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

In the latest close session, Paccar (PCAR - Free Report) was up +1.83% at $120.69. The stock's performance was ahead of the S&P 500's daily gain of 1.65%. Elsewhere, the Dow saw an upswing of 0.92%, while the tech-heavy Nasdaq appreciated by 3.07%.

Shares of the truck maker witnessed a gain of 7.43% over the previous month, beating the performance of the Auto-Tires-Trucks sector with its loss of 3.63%, and the S&P 500's gain of 0.48%.

The investment community will be closely monitoring the performance of Paccar in its forthcoming earnings report. It is anticipated that the company will report an EPS of $1.32, marking a 3.65% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.1 billion, up 1.92% from the year-ago period.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.59 per share and a revenue of $27.7 billion, signifying shifts of +11.58% and +5.59%, respectively, from the last year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Paccar. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Paccar holds a Zacks Rank of #3 (Hold).

With respect to valuation, Paccar is currently being traded at a Forward P/E ratio of 21.21. This indicates a premium in contrast to its industry's Forward P/E of 19.9.

One should further note that PCAR currently holds a PEG ratio of 1.1. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Automotive - Domestic stocks are, on average, holding a PEG ratio of 0.93 based on yesterday's closing prices.

The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 159, which puts it in the bottom 35% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

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Paccar (PCAR - Free Report) reported $6.23 billion in revenue for the quarter ended March 2026, representing a year-over-year decline of 9.8%. EPS of $1.15 for the same period compares to $1.46 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $6.35 billion, representing a surprise of -1.79%. The company delivered an EPS surprise of +1.77%, with the consensus EPS estimate being $1.13.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Paccar performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Truck deliveries - Total: 33,100 versus the three-analyst average estimate of 33,142.Truck deliveries - Other: 4,100 compared to the 6,232 average estimate based on three analysts.Truck deliveries - Europe: 11,200 versus 10,285 estimated by three analysts on average.Truck deliveries - U.S and Canada: 17,800 versus 16,626 estimated by three analysts on average.Sales and Revenues- Financial Services: $542.2 million versus the four-analyst average estimate of $559.51 million. The reported number represents a year-over-year change of +2.7%.Sales and Revenues- Parts: $1.71 billion versus $1.74 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +1.2% change.Sales and Revenues- Truck: $4.53 billion versus the two-analyst average estimate of $4.43 billion. The reported number represents a year-over-year change of -13.4%.Pretax Profit- Financial Services: $115.5 million versus the four-analyst average estimate of $118.43 million.Pretax Profit- Parts: $402.3 million compared to the $418.4 million average estimate based on three analysts.Pretax Profit- Truck: $176.2 million compared to the $166.51 million average estimate based on two analysts.View all Key Company Metrics for Paccar here>>>

Shares of Paccar have returned +13.1% over the past month versus the Zacks S&P 500 composite's +12.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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Published in earnings earnings-estimates-revisions earnings-surprise

PACCAR Inc (PCAR) Q1 2026 Earnings Call Transcript

BELLEVUE, Wash.--(BUSINESS WIRE)--PACCAR Inc’s Board of Directors today approved an increase in the regular quarterly cash dividend from thirty-three cents ($.33) per share to thirty-five cents ($.35) per share. The dividend will be payable on June 3, 2026, to stockholders of record at the close of business on May 13, 2026.

Mark Pigott, executive chairman, shared, “PACCAR has generated excellent shareholder returns and profitability for decades. PACCAR has delivered annual dividends, including regular quarterly and extra cash dividends, totaling approximately 50% of net income for many years. PACCAR’s shareholders have earned returns that have exceeded the S&P 500 index for the last five-, ten-, and twenty-year periods.”

Preston Feight, chief executive officer, commented, “PACCAR succeeds by consistently enhancing customers’ operating performance with fuel efficient and premium quality Kenworth, Peterbilt and DAF trucks, and optimized transportation solutions provided by PACCAR Parts and PACCAR Financial Services.”

PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. PACCAR also designs and manufactures advanced powertrains, provides financial services and information technology, and distributes truck parts related to its principal business. PACCAR shares are listed on the NASDAQ Stock Market, symbol PCAR. Its homepage is www.paccar.com.

Posted by Defense World Staff on Apr 29th, 2026

Comerica Bank cut its holdings in PACCAR Inc. (NASDAQ:PCAR – Free Report) by 10.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,293 shares of the company’s stock after selling 14,250 shares during the period. Comerica Bank’s holdings in PACCAR were worth $13,830,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of PACCAR by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 63,475,226 shares of the company’s stock valued at $6,951,172,000 after acquiring an additional 363,782 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of PACCAR by 20.3% in the third quarter. Capital Research Global Investors now owns 5,971,153 shares of the company’s stock valued at $587,084,000 after acquiring an additional 1,009,134 shares in the last quarter. Invesco Ltd. grew its holdings in shares of PACCAR by 3.5% in the third quarter. Invesco Ltd. now owns 5,396,888 shares of the company’s stock valued at $530,622,000 after acquiring an additional 184,502 shares in the last quarter. UBS Group AG grew its holdings in PACCAR by 74.4% during the fourth quarter. UBS Group AG now owns 4,548,861 shares of the company’s stock valued at $498,146,000 after purchasing an additional 1,940,260 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in PACCAR by 0.7% during the third quarter. Bank of New York Mellon Corp now owns 3,256,671 shares of the company’s stock valued at $320,196,000 after purchasing an additional 22,941 shares during the period. 64.90% of the stock is owned by institutional investors.

More PACCAR News Here are the key news stories impacting PACCAR this week:

Positive Sentiment: Board raised the regular quarterly dividend, supporting income investors and signaling confidence in cash flow. PACCAR Increases Regular Quarterly Dividend Positive Sentiment: Q1 EPS of $1.15 beat consensus ($1.13), helped by higher parts margins and Financial Services results — these segments partially offset weak truck volumes. PCAR Q1 Earnings Surpass Estimates on Higher Parts Profit Neutral Sentiment: Management commentary and prepared remarks emphasize solid parts/finance performance and operational execution; the earnings call transcript provides more color on margins, backlog and dealer inventories for investors digging into guidance and outlook. PACCAR Inc (PCAR) Q1 2026 Earnings Call Transcript Neutral Sentiment: Company press release highlights sequential improvement and an increasing production backlog, which could point to firmer demand ahead if sustained. PACCAR Achieves Good Financial Performance Negative Sentiment: Revenue of $6.23B missed consensus ($6.37B) and was down ~9.8% year-over-year, reflecting softer new-truck demand — a key driver of the share decline. PACCAR (NASDAQ:PCAR) Misses Q1 CY2026 Revenue Estimates Negative Sentiment: Industry-wide overcapacity and tepid demand for new trucks were cited by analysts and Reuters as the main drivers of the revenue decline and investor concern, contributing to the stock drop. PACCAR’s revenue falls on tepid demand for new trucks Negative Sentiment: Market coverage notes the selloff is driven by the revenue miss and weak truck outlook despite the EPS beat and dividend raise — headlines and high trading volume amplified intraday selling. Why PACCAR (PCAR) shares are plunging today Insider Buying and Selling In other PACCAR news, CEO R Preston Feight sold 9,258 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $129.70, for a total transaction of $1,200,762.60. Following the sale, the chief executive officer owned 258,566 shares in the company, valued at $33,536,010.20. This trade represents a 3.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP C Michael Dozier sold 79,076 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $127.92, for a total value of $10,115,401.92. Following the sale, the executive vice president owned 34,656 shares in the company, valued at $4,433,195.52. The trade was a 69.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 133,105 shares of company stock valued at $16,869,046 in the last ninety days. 1.99% of the stock is owned by insiders.

PACCAR Trading Down 6.0% Shares of PCAR stock opened at $119.61 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.79 and a current ratio of 2.98. PACCAR Inc. has a 52-week low of $84.65 and a 52-week high of $131.88. The company has a market capitalization of $62.95 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 1.06 and a beta of 1.06. The business’s fifty day moving average is $121.18 and its 200 day moving average is $114.16.

PACCAR (NASDAQ:PCAR – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. PACCAR had a return on equity of 13.97% and a net margin of 8.35%.The company had revenue of $6.23 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter last year, the business posted $1.46 earnings per share. The firm’s revenue was down 9.8% compared to the same quarter last year. On average, equities research analysts anticipate that PACCAR Inc. will post 5.55 EPS for the current fiscal year.

PACCAR Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 13th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from PACCAR’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, May 13th. PACCAR’s dividend payout ratio (DPR) is 29.27%.

Analyst Ratings Changes PCAR has been the subject of several research reports. BNP Paribas Exane initiated coverage on PACCAR in a report on Tuesday, March 31st. They set a “neutral” rating and a $126.00 price objective for the company. Morgan Stanley set a $109.00 price objective on PACCAR and gave the company an “equal weight” rating in a report on Tuesday, February 3rd. Truist Financial increased their price objective on PACCAR from $108.00 to $120.00 and gave the company a “hold” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. increased their price objective on PACCAR from $133.00 to $142.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Finally, Citigroup increased their price objective on PACCAR from $125.00 to $130.00 and gave the company a “neutral” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $117.42.

View Our Latest Report on PCAR

PACCAR Company Profile (Free Report)

PACCAR Inc is a global technology leader in the design, manufacture and customer support of light-, medium- and heavy-duty commercial vehicles. The company’s products are marketed under well-known brand names including Kenworth, Peterbilt and DAF and span vocational and long-haul applications. PACCAR’s core business includes vehicle engineering and assembly as well as the supply of components and proprietary powertrain systems designed to meet regulatory and customer performance requirements.

In addition to truck manufacturing, PACCAR operates a comprehensive aftermarket parts business, distributes used trucks and provides commercial vehicle financing and leasing through its financial services operations.

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The S&P 500 index climbed about 10.5% in April, making it the best month for the market since 2020.The index hit a new all-time high on the last trading day of the month, despite ongoing uncertainty and economic drag from the conflicts in the Middle East. So, what sent the market soaring in April?

Two words: Artificial intelligence (AI).

More specifically, it's the massive AI build-out underway in the U.S., including some $670 billion in AI capital expenditures by hyperscalers this year. (Some analysts predict it could be much higher -- UBS expects the final AI spending figure for 2026 to be closer to $770 billion.)

Goldman Sachs estimates that AI-related investment will drive a full 40% of the entire S&P 500's earnings-per-share (EPS) growth this year. Earnings growth -- or, more accurately, the anticipation of it -- is what drives stocks higher.

Image source: Getty Images.

AI spending is showing up in the financial results of many industries The AI investment bonanza is boosting revenues and profits in companies far from Silicon Valley.

Of course, the hyperscalers -- cloud computing companies like Alphabet (GOOG +0.43%) (GOOGL +0.47%), Amazon (AMZN 1.24%), and Meta Platforms (META 0.17%) that offer data storage and computing services -- are the major initiators of the AI spending. Those companies are issuing billions of dollars in bonds in capital markets to fund that spending extravaganza.

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Then there are the semiconductor and semiconductor equipment manufacturers. Due to the AI construction boom, there's currently a shortage of memory chips, which is expected to continue through 2027. As a result, the State Street SPDR S&P Semiconductor ETF (XSD +1.38%) is up nearly 60% over the past month. Nvidia (NVDA +0.09%), which has the largest market cap and therefore the greatest effect on the S&P 500 index, rose 20% in April. Micron Technology (MU 1.02%), which makes memory chips, soared 61% in April.

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Don't forget construction equipment companies like Deere (DE +1.23%) and Caterpillar (CAT +1.44%), and heavy-duty truck manufacturers like Paccar (PCAR +0.60%), which are needed to build the massive data centers. They, too, are seeing a windfall from the AI boom. Caterpillar's gas turbine division is booming due to the insatiable power needs of AI data centers. Sales in the company's turbine division rose 23% during the first quarter, to $1.75 billion.

GE Vernova (GEV +3.60%), which makes power technologies, blew past Wall Street expectations for first-quarter revenue and earnings, and its shares climbed 33% last month.

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The rapidly rising demand for power is affecting electricity utilities, too. Dominion Energy (D +1.63%) just turned on the first commercial turbine project in its Coastal Virginia Offshore Wind project. Dominion plans to spend nearly $55 billion to build facilities to support the power needs of data centers (Virginia has more than any other state).

The enormous AI tailwind for the market should continue for the foreseeable future. Goldman Sachs expects AI infrastructure spending to reach nearly $800 billion in 2027.

An AI-driven stock market is a trend with staying power and is increasingly looking like a potential supercycle.

Matthew Benjamin has positions in Alphabet and Deere & Company. The Motley Fool has positions in and recommends Alphabet, Amazon, Caterpillar, Deere & Company, GE Vernova, Goldman Sachs Group, Meta Platforms, Micron Technology, Nvidia, and Paccar. The Motley Fool recommends Dominion Energy. The Motley Fool has a disclosure policy.

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Stock to Watch: Paccar (PCAR - Free Report) Headquartered in Bellevue, WA, PACCAR Inc. is a leading manufacturer of heavy-duty trucks in the world and has substantial manufacturing exposure to light/medium trucks. It also designs and manufactures diesel engines and other powertrain components for use in its products and sale to third-party manufacturers of trucks and buses. Besides supplying aftermarket parts, PACCAR also offers finance and leasing services.

PCAR is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 19.86; value investors should take notice.

Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2026, while the Zacks Consensus Estimate has increased $0.06 to $5.87 per share. PCAR also boasts an average earnings surprise of +2.2%.

With a solid Zacks Rank and top-tier Value and VGM Style Scores, PCAR should be on investors' short list.

It has been about a month since the last earnings report for Paccar (PCAR - Free Report) . Shares have lost about 5% in that time frame, underperforming the S&P 500.

Will the recent negative trend continue leading up to its next earnings release, or is Paccar due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.

PCAR Q1 Earnings Surpass Estimates on Higher Parts ProfitPACCAR delivered first-quarter 2026 earnings of $1.15 per share, beating the Zacks Consensus Estimate of $1.13 by 1.8%. The bottom line decreased 21.2% from $1.46 in the year-ago quarter.

Consolidated revenues (including trucks and financial services) were $6.78 billion, down from $7.44 billion in the corresponding quarter of 2025. The decline reflected lower industry volumes.

Sales from Truck, Parts and Other amounted to $6.23 billion. Global new truck deliveries totaled 33,100 units versus 40,100 a year ago.

PCAR’s Revenue Mix Tilts Toward TrucksBy business line, Truck sales were $4.53 billion versus $5.23 billion a year ago. Parts revenues rose to $1.71 billion from $1.69 billion reported in the year-ago period. Financial Services revenues increased to $542.2 million from $528 million. PACCAR Sees Improving Demand in Key Markets

The company expects a “positive inflection” in the U.S. and Canada truck market as freight rates improve amid reduced trucking capacity. For 2026, the company expects U.S. and Canada Class 8 industry retail sales in the range of 230,000-270,000 trucks.

In Europe, PACCAR projected above 16-tonne registrations of 280,000-320,000 trucks in 2026, while the comparable South American market is expected to be 100,000-110,000 trucks. The company also pointed to product initiatives, including new DAF XD, XF, XG and XG+ Electric offerings and Kenworth’s newly unveiled C580 vocational truck, with production slated to begin in January 2027.

PCAR Parts and Financing Remain Key Profit PillarsPACCAR Parts continued to be a major profit contributor, generating pretax income of $402.3 million in the quarter compared with $426.5 million a year ago. The segment’s performance improved due to investments in parts distribution centers, TRP all-makes parts and logistics capabilities supporting a broad dealer and service footprint.

PACCAR Truck's pre-tax income was $176.2 million, which decreased 51.7% year over year.

PACCAR Financial Services delivered pretax income of $115.5 million versus $121.1 million in the year-ago quarter. The business ended the period with a portfolio of 221,000 trucks and trailers and total assets of $22.3 billion, while PacLease’s fleet was about 37,000 vehicles. The company issued $400 million in medium-term notes during the first quarter.

PACCAR’s Costs and Other Items Shift Year Over YearWithin Truck, Parts and Other, the cost of sales and revenues were $5.42 billion, while research and development expense was $109.1 million and selling, general and administrative expense was $149.6 million. Truck, Parts and Other income before income taxes rose to $580.4 million from $438.2 million in the prior-year quarter.

A notable year-over-year swing came from “Interest and other (income) expense, net,” which was income of $21.3 million in the first quarter of 2026 compared with an expense of $325.8 million a year ago. The prior-year period included a $350.0 million charge related to civil litigation in Europe (EC-related claims). In Financial Services, provision for losses on receivables increased to $44.1 million from $18.3 million.

PCAR’s Cash Flow Stays Solid as Investment ContinuesPACCAR generated $971.8 million of cash provided by operations in the quarter, up from $910.3 million a year ago. The company invested $135.5 million in capital projects and declared a dividend of 33 cents per share.

On the balance sheet, cash and marketable securities were $8.60 billion as of March 31, 2026, compared with $9.25 billion as of Dec. 31, 2025, while stockholders’ equity increased to $19.76 billion from $19.26 billion over the same span. Looking ahead, the company expects 2026 capital expenditures of $725-$775 million and research and development expenses of $450-$500 million as it steps up investment in next-generation powertrains, connected vehicle services, expanded manufacturing capabilities and its autonomous vehicle platform.

How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates revision.

The consensus estimate has shifted -8.97% due to these changes.

VGM ScoresAt this time, Paccar has a subpar Growth Score of D, however its Momentum Score is doing a lot better with a B. Following the exact same course, the stock has a grade of B on the value side, putting it in the top 40% for value investors.

Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions looks promising. Interestingly, Paccar has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

In the latest trading session, Paccar (PCAR - Free Report) closed at $119.69, marking a +1.06% move from the previous day. This move outpaced the S&P 500's daily loss of 0.26%. Elsewhere, the Dow gained 0.17%, while the tech-heavy Nasdaq lost 0.97%.

Prior to today's trading, shares of the truck maker had gained 4.85% outpaced the Auto-Tires-Trucks sector's loss of 2.65% and the S&P 500's gain of 0.23%.

Market participants will be closely following the financial results of Paccar in its upcoming release. The company is expected to report EPS of $1.32, down 3.65% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $7.1 billion, up 1.92% from the prior-year quarter.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.59 per share and a revenue of $27.7 billion, indicating changes of +11.58% and +5.59%, respectively, from the former year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Paccar. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.21% lower. Paccar is currently sporting a Zacks Rank of #3 (Hold).

With respect to valuation, Paccar is currently being traded at a Forward P/E ratio of 21.19. Its industry sports an average Forward P/E of 19.26, so one might conclude that Paccar is trading at a premium comparatively.

One should further note that PCAR currently holds a PEG ratio of 1.1. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Automotive - Domestic industry had an average PEG ratio of 0.92 as trading concluded yesterday.

The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 169, this industry ranks in the bottom 31% of all industries, numbering over 250.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow PCAR in the coming trading sessions, be sure to utilize Zacks.com.