Custom Truck One Source’s (CTOS) “Buy” Rating Reiterated at DA Davidson

Custom Truck One Source (NYSE:CTOS)‘s stock had its “buy” rating reiterated by research analysts at DA Davidson in a research report issued to clients and investors on Tuesday, Benzinga reports. They currently have a $13.00 target price on the stock. DA Davidson‘s target price indicates a potential upside of 26.46% from the company’s previous close.

CTOS has been the topic of a number of other research reports. Zacks Research lowered Custom Truck One Source from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Weiss Ratings raised Custom Truck One Source from a “sell (d-)” rating to a “hold (c)” rating in a research note on Tuesday, September 22nd. Oppenheimer increased their price objective on Custom Truck One Source from $11.00 to $13.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 5th. Robert W. Baird lifted their target price on Custom Truck One Source from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Finally, Cantor Fitzgerald reissued 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 assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $12.00.

Custom Truck One Source Stock Performance

Shares of CTOS traded up $1.27 during midday trading on Tuesday, reaching $10.28. 707,871 shares of the stock were exchanged, compared to its average volume of 976,000. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 114.21 and a beta of 1.43. Custom Truck One Source has a twelve month low of $5.18 and a twelve month high of $12.23. The business’s 50-day moving average price is $9.36 and its 200 day moving average price is $8.74. The company has a debt-to-equity ratio of 2.03, a current ratio of 1.34 and a quick ratio of 0.29.

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

Hedge Funds Weigh In On Custom Truck One Source

Several hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC purchased a new position in shares of Custom Truck One Source during the 2nd quarter worth about $28,000. State of Alaska Department of Revenue purchased a new position in shares of Custom Truck One Source in the third quarter valued at $94,000. Entropy Technologies LP acquired a new position in shares of Custom Truck One Source in the first quarter worth about $111,000. R Squared Ltd boosted its stake in Custom Truck One Source by 14.2% during the 1st 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 1st quarter worth approximately $125,000. Hedge funds and other institutional investors own 90.07% of the company’s stock.

More Custom Truck One Source News

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

• Positive Sentiment: CTOS reported record third-quarter results and raised its full-year 2026 adjusted EBITDA and specialty equipment rental (SER) revenue guidance, signaling improved operating expectations. Custom Truck One Source Reports Record Third Quarter 2026 Results
• Positive Sentiment: Third-quarter revenue increased 2.7% year over year to $495.2 million, while rental revenue grew 20.1%. Gross profit rose 12.4% to $113.3 million and operating profit increased 16.7% to $38.1 million, demonstrating margin improvement. Custom Truck One Source Q3 2026 Earnings
• Positive Sentiment: Operating cash flow more than doubled year over year to $163.5 million, supporting the company’s investment in equipment and infrastructure. Custom Truck One Source Q3 Earnings
• Positive Sentiment: Cantor Fitzgerald reaffirmed its “overweight” rating and assigned a $14 price target, implying substantial upside from recent trading levels. Cantor Fitzgerald Stock Recommendations
• Neutral Sentiment: Adjusted earnings were $0.01 per share, matching consensus and improving from a $0.03 loss a year earlier. This indicates a return to profitability, but earnings remain modest. CTOS Matches Q3 Earnings Estimates
• Negative Sentiment: Revenue fell short of analyst expectations of approximately $516.5 million, with management citing weather-related pressure. The company also had $2.8 billion in total liabilities and only $14.6 million in cash, highlighting balance-sheet risk. CTOS Q3 Revenue Earnings Flash

Custom Truck One Source Company Profile

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

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