PACCAR Inc (PCAR)

In the past six months, PACCAR's stock has seen positive movement, climbing by 10.2% and closely tracking the S&P 500. The stock reached a new 52-week high in January 2026. Analyst ratings have been mixed but generally positive, with some upgrades. In December 2025, PACCAR announced an extra cash dividend and declared its regular quarterly cash dividend. Despite beating Wall Street's revenue expectations in Q3 CY2025, sales declined by 19.1% year-on-year, though the GAAP profit per share was slightly below analyst estimates.

While PACCAR itself states there are no significant seasonal variations in its sales, the broader trucking industry experiences distinct seasonal trends. January through March is a quieter period following the holiday season. The "produce season" from April to July brings an increase in freight volumes. July through September is often referred to as a "peak season" with a surge in orders and increased demand. The busiest period for the trucking industry is generally from October to December, driven by holiday shipping and increased retail promotions. Truck orders are often placed early in the "order season," which typically runs from October through March or April, with October being seasonally the strongest month.

PACCAR Inc. is a global technology leader in the design, manufacture, and distribution of high-quality commercial trucks, advanced diesel engines, financial services, information technology, and truck parts. It operates within the Industrials sector, specifically in the Automotive and Heavy Equipment industries, with its core business in Truck & Bus Manufacturing. Its major truck brands include Kenworth, Peterbilt, and DAF. PACCAR also manufactures PACCAR MX13 and MX11 advanced diesel engines, industrial winches, and offers aftermarket parts. PACCAR Financial Services provides financing, leasing, and insurance products to customers and dealers, including full-service leasing operations under the PacLease trade name.

PACCAR has a significant international presence, with its headquarters in Bellevue, Washington, USA. It operates manufacturing plants and parts distribution centers across various regions, including the United States, Canada, Mexico, Europe, Australia, Asia, and South America. PACCAR delivers its products and services to customers in over 100 countries through an extensive dealer network of 2,200 locations, with approximately half of its revenues and profits generated outside the United States.

PACCAR maintains a strong brand reputation, underscored by its consistent profitability for 86 consecutive years and strong returns on capital. Its premium brands enable the company to command premium pricing. The extensive global dealer network and in-house MX engine technology foster customer loyalty and drive demand for aftermarket parts. While the company faced revenue challenges and a "bumpy trucking market" in 2024 and Q3 2025, its PACCAR Parts division has continued to break records, providing high-margin, recurring revenue that helps stabilize the business.

PACCAR's ownership is largely dominated by institutional investors, who collectively hold between 64.90% and 80.21% of the company's shares. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., State Street Corp, and Wellington Management Group Llp. Insider ownership accounts for approximately 2.02% to 2.20% of PACCAR's stock. James Calvin Pigott is a significant individual shareholder, owning 2.06% of the company's shares. Mark C. Pigott, Executive Chairman, and Preston Feight, CEO, are also integral to the company's leadership and are significant shareholders.