Custom Truck One Source: A Strong Buy Rating Based On Internal And External Strengths [Seeking Alpha]
Custom Truck One Source, Inc. (CTOS)
Company Research
Source: Seeking Alpha
The company operates through three segments: Equipment Rental Solutions, Truck and Equipment Sales, and Aftermarket Parts and Services. All are well positioned for the current economic environment. Custom has competitive advantages such as better access to capital, integrated solutions, a young rental fleet, and the ability to provide solutions for national accounts. Thesis: After a 2020 change in ownership, strong operational performances, and currently favorable economic conditions, Custom Truck One Source, Inc. ( NYSE: CTOS ) should deliver double-digit returns in 2024. I rate it a Strong Buy based on expected capital gains this year. About Custom The company refers to itself as "one source" for specialty trucks and equipment. It was founded in 1996 as Custom Truck & Equipment and has been through a couple of ownership iterations since. In 2015, a majority interest was purchased by The Blackstone Group Inc. ( BX ), which went on to sell it to Nesco Holdings, Inc. (NSCO)
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CTOS
News
- Custom Truck One Source, Inc. (NYSE: CTOS) had its price target lowered by analysts at JPMorgan Chase & Co. from $7.00 to $6.00. They now have a "neutral" rating on the stock.MarketBeat
- Custom Truck One Source, Inc. (NYSE: CTOS) had its price target lowered by analysts at Robert W. Baird from $8.00 to $7.00. They now have an "outperform" rating on the stock.MarketBeat
- Custom Truck One Source, Inc. (CTOS) Reports Q1 Loss, Misses Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Custom Truck One Source, Inc. Reports First Quarter 2024 and Updates Full-Year Guidance [Yahoo! Finance]Yahoo! Finance
- Custom Truck One Source, Inc. Reports First Quarter 2024 and Updates Full-Year GuidanceBusiness Wire
CTOS
Earnings
- 5/2/24 - Miss
CTOS
Sec Filings
- 5/2/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/26/24 - Form DEFA14A
- CTOS's page on the SEC website