Stock Track | Custom Truck One Source Soars 5.07% on Earnings Beat and Positive Outlook

Stock Track

Mar 06, 2025

Custom Truck One Source Inc (CTOS) shares soared 5.07% on Thursday, following the company's better-than-expected earnings report and positive outlook for the upcoming year.

The company reported a net loss of $28.7 million, or $0.12 per share, for the full year 2024, narrower than analysts' expectations. While revenue declined by 3.4% to $1.80 billion, it still managed to beat analysts' estimates by a slim margin.

Despite the loss, analysts remain optimistic about CTOS's prospects. Oppenheimer raised its price target for the stock to $6 from $5, maintaining an "Outperform" rating. The firm believes that the company's strong position in the truck and equipment sales segment, which contributed 59% of total revenue, bodes well for future growth.

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While revenue declined by 3.4% to $1.80 billion, it still managed to beat analysts' estimates by a slim margin.</p>\n\n<p>Despite the loss, analysts remain optimistic about CTOS's prospects. Oppenheimer raised its price target for the stock to $6 from $5, maintaining an \"Outperform\" rating. The firm believes that the company's strong position in the truck and equipment sales segment, which contributed 59% of total revenue, bodes well for future growth.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CTOS","symbol_name":"Custom Truck One Source Inc","start_time":0,"source_url":"","article_id":"1179888729","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1179888729","pubTimestamp":1741273584,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Custom Truck One Source Inc  shares soared 5.07% on Thursday, following the company's better-than-expected earnings report and positive outlook for the upcoming year.The company reported a net loss of $28.7 million, or $0.12 per share, for the full year 2024, narrower than analysts' expectations. 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