Proficient Auto Logistics Reports Third Quarter 2024 Financial Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 08 2024
0mins
Source: Businesswire
Financial Performance: Proficient Auto Logistics reported a total operating revenue of $91.5 million for Q3 2024, a 12.5% decrease from the previous year, with an operating loss of $2.2 million compared to an income of $8.2 million in Q3 2023, largely due to reduced auto shipments and market demand.
Integration Progress: The company is advancing its integration of five Founding Companies and has successfully acquired Auto Transport Group, aiming to unify all subsidiaries under a common transportation management system by the end of 2024.
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Analyst Views on PAL
Wall Street analysts forecast PAL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PAL is 12.00 USD with a low forecast of 12.00 USD and a high forecast of 12.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 9.850
Low
12.00
Averages
12.00
High
12.00
Current: 9.850
Low
12.00
Averages
12.00
High
12.00
About PAL
Proficient Auto Logistics, Inc. is a specialized freight company focused on providing auto transportation and logistics services. The Company offers a range of auto transportation and logistics services, focused on transporting finished vehicles from automotive production facilities, marine ports of entry, or regional rail yards to auto dealerships around the country. Its segments include Company Drivers and Brokered. Its Company Drivers segment offers automobile transport and contract services under an asset-based model. Its contract service offering devotes the use of equipment to specific customers and provides transportation services through long-term contracts. Its Brokered segment offers transportation services utilizing an asset-light model focusing on outsourcing transportation of loads to third-party carriers. Its customers range from auto companies, such as General Motors, BMW, Stellantis, and Mercedes-Benz, to electric vehicle (EV) producers, such as Tesla and Rivian.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Proficient Auto Logistics to Host Investor Call on February 9, 2026
- Executive Participation: Proficient Auto Logistics' Chairman and CEO Rick O'Dell, along with other executives, will participate in the Stifel Financial Corp. Transportation & Logistics Conference on February 10-11, 2026, showcasing the company's leadership in the industry.
- Financial Results Release: The company will host an investor conference call at 4:30 p.m. EST on February 9, 2026, to discuss preliminary unaudited financial results for the year ended December 31, 2025, which is expected to provide crucial financial transparency to investors.
- Investor Engagement Opportunity: Investors can join the conference call by registering through a provided link, ensuring they receive the latest financial information and company strategies, thereby enhancing engagement with stakeholders.
- Industry Leadership: Proficient Auto Logistics operates one of the largest auto transportation fleets in North America through the combination of seven leading operating companies, further solidifying its market position in auto transportation and logistics services.
Continue Reading
Proficient Auto Logistics to Host Investor Call on February 9, 2026
- Executive Participation: Proficient Auto Logistics' Chairman and CEO Rick O'Dell, along with other executives, will participate in the Stifel Financial Corp. Transportation & Logistics Conference on February 10-11, 2026, showcasing the company's leadership in the industry.
- Financial Results Release: The company will host an investor conference call at 4:30 p.m. EST on February 9, 2026, to discuss preliminary unaudited financial results for the year ended December 31, 2025, which is expected to provide critical insights into the company's performance.
- Investor Engagement Opportunity: Investors can join the call by registering through a provided link, ensuring they receive timely updates on the company's financial status and strategic direction, thereby enhancing investor relations.
- Industry Leadership Position: Proficient Auto Logistics operates one of the largest auto transportation fleets in North America by integrating seven leading operating companies, further solidifying its market share in the auto transportation and logistics services sector.
Continue Reading