PACCAR Inc (PCAR)

In September 2025, PACCAR's stock increased by 2.6% following positive data on North American Class 8 truck orders. In July 2025, the company reported a net income of $723.8 million for the second quarter, a 35.3% year-over-year decline. While EPS surpassed estimates, revenue fell short and was down 15.7% year-over-year. Following the earnings report, several brokerages adjusted their price targets for PCAR. As of July 21, 2025, PCAR's closing share price was $92.91, with the stock up 1.26% over the past 30 days but down 14.81% over the past 12 months.

Demand for PACCAR's products exhibits some cyclicality in truck sales, but this is moderated by other business segments. The aftermarket parts business experiences consistent demand. PACCAR anticipates an upswing in truck order levels and demand in the second half of 2025 and into 2026, driven by economic clarity, capacity rebalancing, and upcoming NOx reduction regulations. Strong customer demand has been observed for new Kenworth, Peterbilt, and DAF trucks.

PACCAR Inc. is a global technology company that designs, manufactures, and supports high-quality light, medium, and heavy-duty trucks. The company produces commercial trucks under the Kenworth, Peterbilt, and DAF brands. PACCAR also designs and produces advanced diesel engines and powertrain components. PACCAR Parts provides aftermarket parts and maintenance services, and PACCAR Financial Services offers retail and lease financing and insurance products. The company also manufactures and markets industrial winches under the Braden, Carco, and Gearmatic brands.

PACCAR has a global presence with facilities in North America, Europe, Australia, and South America. Its trucks are sold in over 100 countries through a network of 2,200 dealer locations. Approximately half of PACCAR's revenues and profits are generated outside the United States. Key operational hubs include Bellevue, Washington; Denton, Texas; and Eindhoven, Netherlands.

PACCAR has maintained a strong brand reputation as a global technology leader known for quality and innovation. The TRP 30th Anniversary campaign in 2024 boosted brand awareness and equity, leading to increased sales and engagement. No specific negative events impacting PACCAR's brand reputation within the last year were found in the provided information.

PACCAR's ownership is primarily dominated by institutional investors, who hold a significant majority of the company's shares. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. James Calvin Pigott is the largest individual shareholder, owning 2.06% of the company.