Knight Transportation (KNX)

• Market cap: $8.06B
• 1 day: -1.81%
• 5 days: -7.07%
• 1 month: -15.34%
• 3 months: -15.27%
• 6 months: -6.38%
• Year to date: -5.59%
• 1 year: -13.91%
• 5 years: 38.35%
• 10 years: 26.93%
• Sector: Industrials
• Industry: Trucking, Except Local

About: Knight-Swift is the largest full-truckload carrier in the us, with a diversified transportation offering. Pro forma for the U.S. Xpress deal, about 82% of revenue derives from Knight's asset-based trucking business, with full truckload (for-hire dry van, refrigerated, and dedicated contract) making up 69% and less than truckload 13%. Truck brokerage and other asset-light logistics services make up 9% of revenue, with intermodal near 6%. Knight's intermodal operations use the Class I railroads for the underlying movement of its shipping containers and include drayage (regional trucking services to and from inland intermodal ramps/terminals). The remainder of revenue reflects services offered to shippers and third-party truckers, including equipment maintenance and leasing.

Employees: 35,300

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

379% more call options, than puts

Call options by funds: $192M | Put options by funds: $40M

26% more first-time investments, than exits

New positions opened: 49 | Existing positions closed: 39

21% more repeat investments, than reductions

Existing positions increased: 185 | Existing positions reduced: 153

1.45% more ownership

Funds ownership: 93.92% [Q3] → 95.36% (+1.45%) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 5 [Q3] → 5 (+0) [Q4]

0% less capital invested

Capital invested by funds: $8.19B [Q3] → $8.19B (-$3.4M) [Q4]

1% less funds holding

Funds holding: 455 [Q3] → 452 (-3) [Q4]

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $51 2% upside
• Avg. target: $62 24% upside
• High target: $67 35% upside

5 analyst ratings

• positive: 4 80%
• neutral: 1 20%
• negative: 0 0%

Raymond James David Hicks 0% 1-year accuracy 0 / 2 met price target	33% upside $66	Strong Buy Maintained	23 Jan 2025
B of A Securities Ken Hoexter 44% 1-year accuracy 24 / 55 met price target	27% upside $63	Buy Maintained	16 Jan 2025
Raymond James Patrick Tyler Brown 55% 1-year accuracy 22 / 40 met price target	25% upside $62	Strong Buy Maintained	10 Jan 2025
Susquehanna Bascome Majors 63% 1-year accuracy 24 / 38 met price target	35% upside $67	Positive Upgraded	3 Jan 2025
Goldman Sachs Jordan Alliger 60% 1-year accuracy 9 / 15 met price target	2% upside $51	Neutral Maintained	12 Dec 2024