PCAR Stock Summary and Trading Ideas (Paccar | NASDAQ:PCAR)

Paccar is a leading manufacturer of medium- and heavy-duty trucks under the premium brands Kenworth and Peterbilt, which are primarily sold in the NAFTA region and Australia, and DAF trucks, which are sold in Europe and South America. The company's trucks are sold through over 2,300 independent dealers globally. Paccar Financial Services provides retail and wholesale financing for customers and dealers, respectively. The company commands about 30% of the Class 8 market share in North America and 17% of the heavy-duty market share in Europe.

Paccar trades on the NASDAQ stock market under the symbol PCAR.

As of May 10, 2024, PCAR stock price climbed to $109.18 with 1,707,208 million shares trading.

PCAR has a beta of 0.91, meaning it tends to be less sensitive to market movements. PCAR has a correlation of 0.29 to the broad based SPY ETF.

PCAR has a market cap of $57.20 billion. This is considered a Large Cap stock.

Last quarter Paccar reported $8 billion in Revenue and $2.27 earnings per share. This fell short of revenue expectation by $-5 million and exceeded earnings estimates by $.07.

In the last 3 years, PCAR stock traded as high as $125.50 and as low as $51.33.

The top ETF exchange traded funds that PCAR belongs to (by Net Assets): VTI, VOO, VO, QQQ, SPY.

PCAR has outperformed the market in the last year with a return of +56.8%, while the SPY ETF gained +27.8%. However, in the most recent history, PCAR shares have underperformed the stock market with its stock returning +3.2% in the last 3 month period and -2.5% for the last 2 week period, while SPY has returned +4.2% and +2.5%, respectively.

PCAR support price is $107.19 and resistance is $110.65 (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 PCAR stock will trade within this expected range on the day.