LSTR Stock Summary and Trading Ideas (Landstar System | NASDAQ:LSTR)

Landstar System is an agent based asset-light third-party logistics provider focused on domestic truck brokerage (90% of revenue). Historically, around half of its truck transportation freight is hauled by leased owner-operators with the remainder hauled by third-party broker-carriers. To a smaller degree, it offers intermodal, global air and ocean forwarding, and warehousing services. Landstar also runs a small business that offers insurance programs to captive owner-operators. It has a long history of industry-leading execution and operating profitability.

Landstar System trades on the NASDAQ stock market under the symbol LSTR.

As of April 23, 2024, LSTR stock price climbed to $172.12 with 252,726 million shares trading.

LSTR has a beta of 1.16, meaning it tends to be more sensitive to market movements. LSTR has a correlation of 0.44 to the broad based SPY ETF.

LSTR has a market cap of $6.16 billion. This is considered a Mid Cap stock.

Last quarter Landstar System reported $1 billion in Revenue and $1.62 earnings per share. This fell short of revenue expectation by $-36 million and met earnings estimates .

In the last 3 years, LSTR stock traded as high as $208.62 and as low as $137.15.

The top ETF exchange traded funds that LSTR belongs to (by Net Assets): VTI, IJH, VB, VXF, VBK.

LSTR has underperformed the market in the last year with a price return of -3.7% while the SPY ETF gained +24.3%. LSTR has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -12.9% and -6.8%, respectively, while the SPY returned +4.6% and -2.6%, respectively.

LSTR support price is $168.59 and resistance is $174.23 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LSTR stock will trade within this expected range on the day.