Option chain shows key data for Proficient Auto Logistics's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for Proficient Auto Logistics.

Proficient Auto Logistics (NASDAQ:PAL) Stock, Option Chain

Proficient Auto Logistics

Proficient Auto Logistics Inc is a non-union, specialized freight company focused on providing auto transportation and logistics services. The company operates auto transportation fleets in North America based upon information obtained from the Auto Haulers Association of America, utilizing auto transport vehicles and trailers daily, including Company-owned transport vehicles and trailers. The reportable segments of the company are Truckload and Brokerage. The company derives maximum revenue from the brokerage segment that retains the customer relationship, including billing and collection, and outsources the transportation of the loads to third-party carriers.

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Analyst Color

Price Target

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Small Cap

Analyst Ratings

Stifel analyst reiterated Buy rating on PAL with $13.68 price target. Analyst says port strike could impact volumes, but stock overcorrected for short-term disruptions.

Proficient Auto Logistics Sees Stock Bounce Amid Short-Term Disruptions, Analyst Stays Bullish

Proficient Auto Logistics, Inc. - Common Stock

Proficient Auto Logistics Inc

Paladin Energy Ltd

PALADIN ENERGY LTD by Paladin Energy Ltd.

Pacer Lunt Large Cap Multi-Factor Alternator ETF

Palisade Bio Inc

abrdn Physical Palladium Shares ETF

Pallapay

MOPALS.COM INC by Mopals.com, Inc.

PAL GROUP HLDGS CO LTD by PAL GROUP HLDGS CO LTD.

PAL Group Holdings Co Ltd

Insider Trades

Proficient Auto Logistics Form4 Filing Shows CEO Richard D Odell Bought 54,000 Shares At An Average Price Of $9.20/Share

Barrington Research analyst Alexander Paris maintains Proficient Auto Logistics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAL#NASDAQ">PAL</a>) with a Outperform and lowers the price target from $17 to $15.

Barrington Research Maintains Outperform on Proficient Auto Logistics, Lowers Price Target to $15

Proficient Auto Logistics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAL#NASDAQ">PAL</a>) reported quarterly earnings of $0.07 per share which missed the analyst consensus estimate of $0.10 by 30 percent. The company reported quarterly sales of $91.51 million which beat the analyst consensus estimate of $90.66 million by 0.93 percent. This is a 12.49 percent decrease over sales of $104.56 million the same period last year.

Earnings Beats

Earnings Misses

Proficient Auto Logistics Q3 Adj $0.07 Misses $0.10 Estimate, Sales $91.51M Beat $90.66M Estimate

U.S. stocks traded higher toward the end of trading, with the S&amp;P 500 recording gains on Thursday.
The Dow traded up 0.24% to 43,179.49 while the NASDAQ rose 0.24% to 18,411.77. The S&amp;P 500 also rose, gaining, 0.08% to 5,847.03.
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Leading and Lagging Sectors Information technology shares jumped by 0.8% on Thursday.
In trading on Thursday, communication services shares fell by 0.7%.
Top Headline
U.S. crude oil inventories declined by 2.192 million barrels in the week ended Oct. 11, versus estimates of a 2.3 million gain, the EIA said.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Gevo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>) shares shot up 18% to $2.6650 after the company announced it secured a DOE conditional commitment loan of $1.46 billion for its net-zero 1 sustainable aviation fuel plant in South Dakota.</li>
<li>Shares of Nixxy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIXX#NASDAQ">NIXX</a>) got a boost, surging 52% to $3.6010 after the company provided updates on the business including its acquisition strategy in traditional markets and enhancing operations through technology and data analytics.</li>
<li>Iridium Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>) shares were also up, gaining 12% to $33.97 after the company reported better-than-expected third-quarter revenue results and raised its FY24 OEBITDA guidance.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Proficient Auto Logistics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAL#NASDAQ">PAL</a>) shares dropped 28% to $10.10 after the company announced it expects its third-quarter net income to be significantly degraded due to a reduced level of revenue and resulting loss of operating leverage. Also, the company said it expects that the Longshoremen strike could have negatively impacted unit volumes during the fourth quarter and beyond.</li>
<li>Shares of Cerus Corporation. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CERS#NASDAQ">CERS</a>) were down 18% to $1.4750 after the company provided updates on its INTERCEPT red blood cell programs in the US and Europe.</li>
<li>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) was down, falling 16% to $2.75 after the company announced the pricing of an offering and corresponding investment from an affiliate of the Public Investment Fund (PIF).</li>
</ul>
Commodities In commodity news, oil traded down 0.3% to $70.19 while gold traded up 0.7% at $2,709.00.
Silver traded down 0.5% to $31.83 on Thursday, while copper fell 0.9% to $4.3270.
Euro zone
European shares closed mostly higher today. The eurozone's STOXX 600 gained 0.83%, Germany's DAX rose 0.77% and France's CAC 40 climbed 1.22%. Spain's IBEX 35 Index fell 0.77%, while London's FTSE 100 gained 0.67%.
The European Central Bank cut its three key interest rates by 25 bps in October. Annual inflation rate in the Eurozone fell to 1.7% in September versus initial estimates of 1.8% and compared to 2.2% in August.
Asia Pacific Markets
Asian markets closed lower on Thursday, with Japan's Nikkei 225 falling 0.69%, Hong Kong's Hang Seng Index falling 1.02%, China's Shanghai Composite Index dipping 1.05% and India's BSE Sensex falling 0.61%.
Economics
<ul>
<li>Industrial production in the U.S. declined 0.3% from a month ago in September.</li>
<li>U.S. initial jobless claims fell by 19,000 in the week ending Oct. 12.</li>
<li>The Philadelphia Fed Manufacturing Index climbed to 10.3 in October compared to 1.7 in September and topping market estimates of 3.</li>
<li>U.S. retail sales rose 0.4% month-over-month in September compared to a 0.1% increase in August and higher than market estimates of a 0.3% rise.</li>
<li>Total business inventories increased by 0.3% month-over-month in August.</li>
<li>The NAHB/Wells Fargo Housing Market Index climbed to 43 in October from 41 in the prior month.</li>
<li>U.S. natural-gas stocks increased 76 billion cubic feet during the week ended Oct. 11, compared to market estimates of a 78 billion cubic feet gain.</li>
<li>U.S. crude oil inventories declined by 2.192 million barrels in the week ended Oct. 11, versus estimates of a 2.3 million gain, the EIA said.</li>
</ul>
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S&P 5000 Edges Higher; US Crude Oil Inventories Fall

Barrington Research analyst Alexander Paris maintains Proficient Auto Logistics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAL#NASDAQ">PAL</a>) with a Outperform and lowers the price target from $22 to $17.

Barrington Research Maintains Outperform on Proficient Auto Logistics, Lowers Price Target to $17

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 0.5% on Thursday.
The Dow traded up 0.28% to 43,199.12 while the NASDAQ rose 0.53% to 18,464.23. The S&amp;P 500 also rose, gaining, 0.30% to 5,860.00.
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Leading and Lagging Sectors Information technology shares jumped by 1.1% on Thursday.
In trading on Thursday, real estate shares fell by 0.6%.
Top Headline
U.S. retail sales rose 0.4% month-over-month in September compared to a 0.1% increase in August and higher than market estimates of a 0.3% rise.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Gevo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>) shares shot up 18% to $2.6450 after the company announced it secured a DOE conditional commitment loan of $1.46 billion for its net-zero 1 sustainable aviation fuel plant in South Dakota.</li>
<li>Shares of Nixxy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIXX#NASDAQ">NIXX</a>) got a boost, surging 116% to $5.12 after the company provided updates on the business including its acquisition strategy in traditional markets and enhancing operations through technology and data analytics.</li>
<li>Iridium Communications Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRDM#NASDAQ">IRDM</a>) shares were also up, gaining 16% to $35.11 after the company reported better-than-expected third-quarter revenue results and raised its FY24 OEBITDA guidance.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Proficient Auto Logistics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAL#NASDAQ">PAL</a>) shares dropped 23% to $10.68 after the company announced it expects its third-quarter net income to be significantly degraded due to a reduced level of revenue and resulting loss of operating leverage. Also, the company said it expects that the Longshoremen strike could have negatively impacted unit volumes during the fourth quarter and beyond.</li>
<li>Shares of Cerus Corporation. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CERS#NASDAQ">CERS</a>) were down 20% to $1.4486 after the company provided updates on its INTERCEPT red blood cell programs in the US and Europe.</li>
<li>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) was down, falling 15% to $2.7950 after the company announced the pricing of an offering and corresponding investment from an affiliate of the Public Investment Fund (PIF).</li>
</ul>
Commodities In commodity news, oil traded up 0.5% to $70.76 while gold traded up 0.6% at $2,706.20.
Silver traded down 0.2% to $31.91 on Thursday, while copper fell 0.6% to $4.3435.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 gained 0.8%, Germany's DAX rose 0.60% and France's CAC 40 climbed 1.23%. Spain's IBEX 35 Index fell 0.6%, while London's FTSE 100 gained 0.56%.
The European Central Bank cut its three key interest rates by 25 bps in October. Annual inflation rate in the Eurozone fell to 1.7% in September versus initial estimates of 1.8% and compared to 2.2% in August.
Asia Pacific Markets
Asian markets closed lower on Thursday, with Japan's Nikkei 225 falling 0.69%, Hong Kong's Hang Seng Index falling 1.02%, China's Shanghai Composite Index dipping 1.05% and India's BSE Sensex falling 0.61%.
Economics
<ul>
<li>Industrial production in the U.S. declined 0.3% from a month ago in September.</li>
<li>U.S. initial jobless claims fell by 19,000 in the week ending Oct. 12.</li>
<li>The Philadelphia Fed Manufacturing Index climbed to 10.3 in October compared to 1.7 in September and topping market estimates of 3.</li>
<li>U.S. retail sales rose 0.4% month-over-month in September compared to a 0.1% increase in August and higher than market estimates of a 0.3% rise.</li>
<li>Total business inventories increased by 0.3% month-over-month in August.</li>
<li>The NAHB/Wells Fargo Housing Market Index climbed to 43 in October from 41 in the prior month.</li>
<li>U.S. natural-gas stocks increased 76 billion cubic feet during the week ended Oct. 11, compared to market estimates of a 78 billion cubic feet gain.</li>
</ul>
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<li><a href="https://www.benzinga.com/news/24/10/41377581/wall-streets-most-accurate-analysts-give-their-take-on-3-energy-stocks-delivering-high-dividend-yiel"> Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Energy Stocks Delivering High-Dividend Yields</a></li>
</ul>

<h3>Gainers</h3>
<ul>
<li>Staffing 360 Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAF#NASDAQ">STAF</a>) shares increased by 133.3% to $3.15 during Thursday's regular session. The company's market cap stands at $2.8 million. </li>
<li>Nixxy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIXX#NASDAQ">NIXX</a>) shares increased by 100.42% to $4.75. The company's market cap stands at $19.1 million. </li>
<li>ShiftPixy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIXY#NASDAQ">PIXY</a>) stock rose 73.82% to $9.56. The company's market cap stands at $71.7 million. </li>
<li>SKK Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKK#NASDAQ">SKK</a>) shares increased by 35.33% to $4.48. The company's market cap stands at $69.9 million. </li>
<li>Jet AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JTAI#NASDAQ">JTAI</a>) stock rose 32.17% to $0.11. The company's market cap stands at $3.9 million. </li>
<li>Fusion Fuel Green (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTOO#NASDAQ">HTOO</a>) shares moved upwards by 27.41% to $0.74. The company's market cap stands at $14.4 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Proficient Auto Logistics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAL#NASDAQ">PAL</a>) stock declined by 26.8% to $10.2 during Thursday's regular session. The company's market cap stands at $264.7 million. </li>
<li>Simpple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) shares declined by 18.39% to $0.32. The market value of their outstanding shares is at $5.2 million. </li>
<li>WANG &amp; LEE Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WLGS#NASDAQ">WLGS</a>) shares fell 17.71% to $2.65. The market value of their outstanding shares is at $39.9 million. </li>
<li>Laser Photonics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LASE#NASDAQ">LASE</a>) stock declined by 14.51% to $6.86. The market value of their outstanding shares is at $104.8 million. </li>
<li>Mesa Air Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESA#NASDAQ">MESA</a>) shares fell 13.91% to $0.9. The market value of their outstanding shares is at $37.1 million. The company's, Q3 earnings came out yesterday. </li>
<li>Nuburu (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BURU#AMEX">BURU</a>) shares fell 12.43% to $0.64. The company's market cap stands at $2.6 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Stifel analyst J. Bruce Chan maintains Proficient Auto Logistics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAL#NASDAQ">PAL</a>) with a Buy and lowers the price target from $21 to $18.

Stifel Maintains Buy on Proficient Auto Logistics, Lowers Price Target to $18

<h3>Gainers</h3>
<ul>
<li>Nixxy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIXX#NASDAQ">NIXX</a>) stock rose 9.7% to $2.6 during Wednesday's after-market session. The company's market cap stands at $10.4 million. </li>
<li>Turbo Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TURB#NASDAQ">TURB</a>) stock rose 8.38% to $1.68. The market value of their outstanding shares is at $18.5 million. </li>
<li>Dragonfly Energy Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DFLI#NASDAQ">DFLI</a>) shares increased by 4.0% to $0.65. The market value of their outstanding shares is at $40.4 million. </li>
<li>XCHG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCH#NASDAQ">XCH</a>) stock rose 3.99% to $17.7. The market value of their outstanding shares is at $1.0 billion. </li>
<li>Microvast Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVST#NASDAQ">MVST</a>) shares increased by 3.91% to $0.23. The market value of their outstanding shares is at $72.4 million. </li>
<li>Jet AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JTAI#NASDAQ">JTAI</a>) stock moved upwards by 3.6% to $0.09. The market value of their outstanding shares is at $2.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Proficient Auto Logistics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAL#NASDAQ">PAL</a>) shares fell 7.8% to $12.84 during Wednesday's after-market session. The market value of their outstanding shares is at $333.3 million. </li>
<li>Simpple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) stock decreased by 7.74% to $0.37. The market value of their outstanding shares is at $5.9 million. </li>
<li>noco-noco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNC#NASDAQ">NCNC</a>) shares decreased by 6.55% to $0.1. The company's market cap stands at $17.7 million. </li>
<li>Freightos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRGO#NASDAQ">CRGO</a>) stock declined by 6.43% to $1.31. The market value of their outstanding shares is at $63.1 million. </li>
<li>Nuburu (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BURU#AMEX">BURU</a>) shares decreased by 6.35% to $0.68. The company's market cap stands at $2.8 million. </li>
<li>Northann (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NCL#AMEX">NCL</a>) stock fell 5.47% to $0.17. The market value of their outstanding shares is at $4.1 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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WIIM

Proficient Auto Logistics shares are trading lower after the company announced it expects its Q3 net income to be significantly degraded due to a reduced level of revenue and resulting loss of operating leverage. Also, the company said it expects that the Longshoremen strike could have negatively impacted unit volumes during Q4 and beyond.

Guidance

Proficient Auto Logistics Expects Protracted East Coast Longshoremen Strike Could Have Negatively Impacted Unit Volumes During Q4 And Beyond; But Short Duration Of Work Stoppage Should Have Modest Impact At Most

Weakness in unit volumes continued throughout the&nbsp;third quarter&nbsp;of 2024, resulting in estimated unit volumes of flat to a decline of&nbsp;1%&nbsp;compared to combined unit volumes for the&nbsp;third quarter&nbsp;of 2023.
Volume underperformance resulted primarily from significantly less dedicated fleet, brokerage and spot buy opportunities, which are typically at premium pricing, the combined result being an estimated&nbsp;$90&nbsp;-&nbsp;$92 million&nbsp;in revenue for the&nbsp;third quarter, which represents a decline of 14 -&nbsp;16%&nbsp;compared to combined revenue for the&nbsp;third quarter&nbsp;of 2023.

Proficient Auto Logistics Expects Q3 Net Income To Be Significantly Degraded Sequentially Due To Reduced Level Of Revenue And Resulting Loss Of Operating Leverage

Raymond James analyst Patrick Tyler Brown maintains Proficient Auto Logistics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAL#NASDAQ">PAL</a>) with a Outperform and lowers the price target from $21 to $19.

Raymond James Maintains Outperform on Proficient Auto Logistics, Lowers Price Target to $19

<h3>Gainers</h3>
<ul>
<li>Proficient Auto Logistics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAL#NASDAQ">PAL</a>) stock moved upwards by 14.0% to $15.75 during Thursday's after-market session. The market value of their outstanding shares is at $408.8 million. </li>
<li>Safe Pro Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPAI#NASDAQ">SPAI</a>) stock increased by 8.06% to $2.66. The market value of their outstanding shares is at $36.3 million. </li>
<li>Simpple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) shares increased by 6.48% to $0.44. The company's market cap stands at $7.0 million. </li>
<li>FTC Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTCI#NASDAQ">FTCI</a>) stock rose 4.99% to $0.48. The market value of their outstanding shares is at $60.5 million. </li>
<li>Wheels Up Experience (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UP#NYSE">UP</a>) shares increased by 4.36% to $2.15. The company's market cap stands at $1.4 billion. </li>
<li>Seanergy Maritime Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHIP#NASDAQ">SHIP</a>) shares increased by 4.2% to $11.16. The company's market cap stands at $230.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Galaxy Payroll Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLXG#NASDAQ">GLXG</a>) shares fell 6.7% to $9.61 during Thursday's after-market session. The company's market cap stands at $170.5 million. </li>
<li>New Horizon Aircraft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOVR#NASDAQ">HOVR</a>) shares fell 5.17% to $0.29. The company's market cap stands at $6.9 million. As per the press release, Q1 earnings came out today. </li>
<li>Momentus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNTS#NASDAQ">MNTS</a>) stock decreased by 5.1% to $0.6. The company's market cap stands at $15.3 million. </li>
<li>SOS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOS#NYSE">SOS</a>) shares decreased by 4.74% to $0.8. The company's market cap stands at $15.8 million. </li>
<li>Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) shares declined by 4.63% to $1.03. The market value of their outstanding shares is at $2.0 million. </li>
<li>noco-noco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNC#NASDAQ">NCNC</a>) shares declined by 3.6% to $0.11. The company's market cap stands at $19.9 million. 
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</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Proficient Auto Logistics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAL#NASDAQ">PAL</a>) shares are trading higher on Thursday. Stifel analyst J. Bruce Chan reiterated a Buy rating on the stock <a href="https://www.benzinga.com/quote/PAL/analyst-ratings">with a price target of $21.00.</a>
The analyst writes that a prolonged port strike could pressure volumes at the company. While a backlog of under a week should be manageable this quarter, longer disruptions could extend impacts into 2025.
The auto-hauling sector offers greater yield benefits than the broader dry van truckload market, as ad hoc moves can command 2-3 times the average contract pricing, adds the analyst.
Chan says that while lower volume does create some negative operating leverage, its impact is less severe due to fewer lost backhauls and a smaller terminal network compared to LTL.
The analyst writes that Proficient&#8217;s stock has faced pressure recently due to an unexpected management departure, a weak third-quarter FY24 operating environment, and ongoing port strikes.
However, Chan notes the equity has overcorrected for these short-term disruptions, which should have minimal impact on 2025 valuations.
The analyst maintains 2024 and 2025 EPS estimates at $0.88 and $1.54, respectively.
Price Action: PAL shares are up 4.55% at $13.80 at the last check Thursday.
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Stifel analyst J. Bruce Chan maintains Proficient Auto Logistics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAL#NASDAQ">PAL</a>) with a Buy and lowers the price target from $22 to $21.

Stifel Maintains Buy on Proficient Auto Logistics, Lowers Price Target to $21

Barrington Research analyst Alexander Paris maintains Proficient Auto Logistics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAL#NASDAQ">PAL</a>) with a Outperform and maintains $22 price target.

Barrington Research Maintains Outperform on Proficient Auto Logistics, Maintains $22 Price Target

Raymond James analyst Patrick Tyler Brown maintains Proficient Auto Logistics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAL#NASDAQ">PAL</a>) with a Outperform and raises the price target from $18 to $21.

Raymond James Maintains Outperform on Proficient Auto Logistics, Raises Price Target to $21

Proficient Auto Logistics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAL#NASDAQ">PAL</a>) reported quarterly earnings of $0.28 per share which beat the analyst consensus estimate of $0.16 by 75 percent. The company reported quarterly sales of $106.607 million which beat the analyst consensus estimate of $101.800 million by 4.72 percent. This is a 5.79 percent increase over sales of $100.776 million the same period last year.

Proficient Auto Logistics Q2 2024 Adj. EPS $0.28 Beats $0.16 Estimate, Sales $106.607M Beat $101.800M Estimate

Barrington Research analyst Alexander Paris initiates coverage on Proficient Auto Logistics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAL#NASDAQ">PAL</a>) with a Outperform rating and announces Price Target of $22.

Initiation

Barrington Research Initiates Coverage On Proficient Auto Logistics with Outperform Rating, Announces Price Target of $22

IPO Roundup: Heritage Distilling, Transten Global and more

Reports Q3 revenue $91.51M, consensus $90.66M. Rick O'Dell, Proficient's Chief Executive Officer, commented, "Proficient's third quarter financial ...

Proficient Auto Logistics reports Q3 adjusted EPS 7c, consensus 6c

Proficient Auto Logistics, Inc. ( ($PAL) ) has released its Q3 earnings. Here is a breakdown of the information Proficient Auto Logistics, Inc. pre...

Proficient Auto Logistics Reports Q3 2024 Earnings

Alexander Paris, an analyst from Barrington, reiterated the Buy rating on Proficient Auto Logistics, Inc. (PAL – Research Report). The associated p...

Proficient Auto Logistics, Inc.: Buy Rating Affirmed Amidst Growth Potential and Discounted Valuation

Barrington lowered the firm's price target on Proficient Auto Logistics (PAL) to $15 from $17 and keeps an Outperform rating on the shares followin...

Proficient Auto Logistics price target lowered to $15 from $17 at Barrington

Stifel Nicolaus analyst J. Bruce Chan maintained a Buy rating on Proficient Auto Logistics, Inc. (PAL – Research Report) yesterday and set a price ...

Stifel Nicolaus Reaffirms Their Buy Rating on Proficient Auto Logistics, Inc. (PAL)

Diamond Hill Small Cap Strategy Fund Q3 2024 Market Commentary

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Stifel Nicolaus Sticks to Its Buy Rating for Proficient Auto Logistics, Inc. (PAL)

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Press Releases

Proficient Auto Logistics Appoints Brenda Frank to Board of Directors

Legal

Johnson Fistel has Commenced an Investigation on Behalf of Proficient Auto Logistics, Inc. (PAL) Shareholders

Proficient Auto Logistics Reports Third Quarter 2024 Financial Results

Robbins LLP Informs Proficient Auto Logistics, Inc. Stockholders that it is Investigating the Officers and Directors of PAL to Determine if They Breached Fiduciary Duties Owed to Shareholders

PROFICIENT AUTO LOGISTICS ALERT: Bragar Eagel & Squire, P.C. is Investigating Proficient Auto Logistics, Inc. on Behalf of Proficient Auto Logistics Stockholders and Encourages Investors to Contact the Firm

PAL Stockholders: Robbins LLP is Investigating the Officers and Directors of Proficient Auto Logistics, Inc. to Determine if They Breached Fiduciary Duties Owed to Shareholders

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