Custom Truck One Source (NYSE:CTOS) Issues Earnings Results

Custom Truck One Source (NYSE:CTOS) released its quarterly earnings results on Monday. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.04, FiscalAI reports. The firm had revenue of $563.45 million for the quarter, compared to analysts’ expectations of $509.76 million. Custom Truck One Source had a negative return on equity of 2.18% and a negative net margin of 0.88%.The company’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.13) EPS.

Custom Truck One Source Trading Up 4.5%

Shares of CTOS stock opened at $10.60 on Tuesday. The company has a debt-to-equity ratio of 2.02, a current ratio of 1.30 and a quick ratio of 0.25. The company has a market cap of $2.40 billion, a price-to-earnings ratio of -117.82 and a beta of 1.38. Custom Truck One Source has a 1 year low of $5.18 and a 1 year high of $12.23. The firm has a fifty day moving average price of $10.48 and a 200-day moving average price of $8.48.

Custom Truck One Source News Summary

Here are the key news stories impacting Custom Truck One Source this week:

• Positive Sentiment: Q2 results exceeded expectations: CTOS reported adjusted earnings of $0.05 per share, versus analyst estimates ranging from $0.01 to $0.02 and a loss of $0.13 in the prior-year quarter. Revenue reached a record $563.4 million, up 10.2% year over year and well above the roughly $510 million consensus estimate. Custom Truck One Source Reports Second Quarter 2026 Results
• Positive Sentiment: Full-year guidance was raised: Management now expects 2026 revenue of $2.1 billion to $2.2 billion, above the approximately $2.05 billion FactSet consensus, and increased its adjusted EBITDA outlook. The upgraded forecast suggests continued demand for specialty equipment serving utility, telecom, rail and other infrastructure markets. Custom Truck One Source 2026 Revenue Outlook
• Positive Sentiment: The earnings beat improved the company’s outlook: The quarter marked a shift from the year-ago loss to positive earnings, reinforcing the market’s view that operating performance may be recovering as infrastructure-related demand remains firm. Custom Truck One Source Beats Q2 Estimates
• Neutral Sentiment: Analyst target remains close to the market: The reported consensus price target is $10.14, offering limited implied upside relative to the stock’s recent trading level and suggesting analysts have not yet fully repriced the stronger results. CTOS Consensus Target Price
• Negative Sentiment: Financial risks remain: CTOS continues to report a negative net margin and negative return on equity, while its debt-to-equity ratio is approximately 2.0. These factors could limit the stock’s upside if growth or profitability improvement slows.

Hedge Funds Weigh In On Custom Truck One Source

Institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. grew its holdings in Custom Truck One Source by 9.0% during the fourth quarter. Invesco Ltd. now owns 236,927 shares of the company’s stock valued at $1,365,000 after purchasing an additional 19,660 shares during the period. Empowered Funds LLC increased its position in Custom Truck One Source by 130.1% in the fourth quarter. Empowered Funds LLC now owns 737,180 shares of the company’s stock worth $4,246,000 after buying an additional 416,833 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Custom Truck One Source in the fourth quarter worth about $232,000. Oxford Asset Management LLP bought a new position in shares of Custom Truck One Source in the fourth quarter worth about $138,000. Finally, Millennium Management LLC bought a new position in shares of Custom Truck One Source in the fourth quarter worth about $1,831,000. 90.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on CTOS shares. JPMorgan Chase & Co. lifted their price objective on Custom Truck One Source from $6.00 to $8.00 and gave the stock an “underweight” rating in a report on Wednesday, April 29th. Stifel Nicolaus raised their target price on Custom Truck One Source from $8.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Oppenheimer restated an “outperform” rating and set a $11.00 price target on shares of Custom Truck One Source in a research note on Friday, May 1st. DA Davidson reaffirmed a “buy” rating and set a $8.50 price target on shares of Custom Truck One Source in a research report on Tuesday, April 28th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Custom Truck One Source in a research report on Friday, July 17th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $10.14.

About Custom Truck One Source

Custom Truck One Source, Inc (NYSE: CTOS) is a North American provider of specialty rental equipment, parts and services. The company’s fleet encompasses a wide range of assets, including cranes, aerial work platforms, trench safety and shoring equipment, fluid management solutions, generators and other industrial machinery. Customers rely on Custom Truck One Source to support projects in construction, energy, telecommunications, industrial manufacturing, municipalities and large-scale events.

Headquartered in Plano, Texas, Custom Truck One Source has expanded through a combination of organic growth and strategic acquisitions to establish a network of more than 140 branch locations across the United States and Canada.