XPO (XPO)

• Market cap: $11.1B
• 1 day: -2.99%
• 5 days: -2.32%
• 1 month: -13.59%
• 3 months: -32.15%
• 6 months: -14.47%
• Year to date: -29.17%
• 1 year: -19.16%
• 5 years: 62.09%
• 10 years: 111.99%
• Sector: Industrials
• Industry: Trucking

About: Following the spinoff of its contract logistics division (GXO) in 2021 and freight brokerage operations (RXO) in 2022, XPO is moving closer to becoming a pure-play asset-based less-than-truckload carrier. We estimate LTL shipping makes up 60% of total revenue, with XPO's European truckload and LTL operations making up 40%. However, XPO's LTL segment EBITDA mix is much higher than 60%. We believe XPO intends to divest its European trucking division once it finds the right buyer.

Employees: 41,000

Fund manager confidence

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

29% more first-time investments, than exits

New positions opened: 81 | Existing positions closed: 63

24% more capital invested

Capital invested by funds: $12.4B [Q3] → $15.4B (+$2.99B) [Q4]

9% more funds holding in top 10

Funds holding in top 10: 11 [Q3] → 12 (+1) [Q4]

2% more funds holding

Funds holding: 524 [Q3] → 534 (+10) [Q4]

1.65% more ownership

Funds ownership: 99.24% [Q3] → 100.89% (+1.65%) [Q4]

1% less call options, than puts

Call options by funds: $218M | Put options by funds: $221M

7% less repeat investments, than reductions

Existing positions increased: 172 | Existing positions reduced: 184

Research analyst outlook

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

• Low target: $108 15% upside
• Avg. target: $135 44% upside
• High target: $171 82% upside

13 analyst ratings

• positive: 13 100%
• neutral: 0 0%
• negative: 0 0%

Stifel J. Bruce Chan 0% 1-year accuracy 0 / 36 met price target	51% upside $142	Buy Maintained	14 Apr 2025
Jefferies Stephanie Moore 46% 1-year accuracy 16 / 35 met price target	44% upside $135	Buy Maintained	9 Apr 2025
UBS Thomas Wadewitz 16% 1-year accuracy 6 / 38 met price target	15% upside $108	Buy Maintained	8 Apr 2025
Citigroup Ariel Rosa 26% 1-year accuracy 13 / 50 met price target	20% upside $113	Buy Maintained	8 Apr 2025
Raymond James Patrick Tyler Brown 20% 1-year accuracy 9 / 44 met price target	33% upside $125	Outperform Maintained	8 Apr 2025