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

Custom Truck One Source (NYSE:CTOS)‘s stock had its “buy” rating restated by investment analysts at DA Davidson in a report released on Tuesday, Benzinga reports. They currently have a $13.00 price target on the stock. DA Davidson‘s price target indicates a potential upside of 23.01% from the stock’s current price.

CTOS has been the topic of several other reports. Weiss Ratings upgraded Custom Truck One Source from a “sell (d-)” rating to a “hold (c)” rating in a report on Tuesday, September 22nd. Cantor Fitzgerald reissued an “overweight” rating and set a $14.00 target price on shares of Custom Truck One Source in a research report on Tuesday. Robert W. Baird lifted 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. Zacks Research downgraded Custom Truck One Source from a “strong-buy” rating to a “hold” rating in a report on Monday, October 5th. Finally, Oppenheimer lifted their price objective on Custom Truck One Source from $11.00 to $13.00 and gave the company an “outperform” rating in a report on Wednesday, August 5th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Custom Truck One Source has a consensus rating of “Hold” and an average target price of $12.00.

Custom Truck One Source Stock Up 0.6%

Shares of Custom Truck One Source stock traded up $0.06 during midday trading on Tuesday, hitting $10.57. The company’s stock had a trading volume of 237,350 shares, compared to its average volume of 981,437. The firm has a market capitalization of $2.40 billion, a P/E ratio of 81.12 and a beta of 1.43. The stock has a 50-day simple moving average of $9.36 and a 200-day simple moving average of $8.77. Custom Truck One Source has a 1-year low of $5.18 and a 1-year high of $12.23.

Custom Truck One Source (NYSE:CTOS) last issued its earnings results on Monday, October 26th. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $495.22 million during the quarter, compared to analyst estimates of $516.51 million. During the same period last year, the business earned ($0.03) EPS. The business’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts predict that Custom Truck One Source will post 0.13 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. R Squared Ltd boosted its holdings in shares of Custom Truck One Source by 14.2% in the 1st quarter. R Squared Ltd now owns 18,894 shares of the company’s stock worth $124,000 after acquiring an additional 2,349 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Custom Truck One Source in the 2nd quarter worth approximately $28,000. Quantinno Capital Management LP raised its position in Custom Truck One Source by 27.0% in the 1st quarter. Quantinno Capital Management LP now owns 19,628 shares of the company’s stock worth $129,000 after purchasing an additional 4,174 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Custom Truck One Source in the 3rd quarter worth approximately $94,000. Finally, Entropy Technologies LP bought a new position in Custom Truck One Source in the 1st quarter worth approximately $111,000. 90.07% of the stock is owned by institutional investors and hedge funds.

Custom Truck One Source News Roundup

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

• Positive Sentiment: Raised 2026 outlook: CTOS increased its full-year adjusted EBITDA target to approximately $447.5 million-$460 million and raised its specialty rental (“SER”) revenue guidance. The company also plans to invest $210 million-$230 million in its net rental fleet, signaling confidence in demand. Custom Truck targets 2026 adjusted EBITDA and rental fleet investment
• Positive Sentiment: Rental business remained a growth driver: Third-quarter revenue reached $495.2 million, up 2.7% year over year, while rental revenue increased 20.1%. Gross profit rose 12.4% to $113.3 million, operating profit climbed 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 and raises guidance
• Positive Sentiment: Earnings improved year over year: CTOS reported diluted EPS of $0.01, matching consensus and improving from a $0.03 per-share loss in the prior-year quarter. Custom Truck One Source matches third-quarter earnings estimates
• Positive Sentiment: Analyst support: D.A. Davidson reaffirmed a Buy rating with a $13 price target, while Cantor Fitzgerald maintained an Overweight rating and a $14 target, both implying further upside based on the cited reference price.
• Neutral Sentiment: Investor presentation and earnings call: Management highlighted the updated outlook, rental-fleet expansion and operating trends in its third-quarter presentation and conference call. Custom Truck One Source third-quarter results presentation
• Negative Sentiment: Revenue missed expectations: Quarterly revenue of $495.2 million was below analyst estimates of roughly $516.5 million-$526.8 million. Weather-related pressure and substantial capital spending also remain risks, while total liabilities stood at approximately $2.8 billion. Custom Truck One Source third-quarter earnings analysis

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.