On July 16, J.B. Hunt Transport Services rose 6.78% in regular trading, trading at $298.295/share, with turnover of $21.80 million.
The rally was driven by the company's strong Q2 earnings report. Adjusted EPS came in at $1.91, beating the FactSet consensus estimate of $1.75 by approximately 9%. Revenue reached $3.495 billion, surpassing the expected $3.241 billion by roughly 7.8% and growing 19% year-over-year. Intermodal segment volumes rose 10%, while Dedicated Contract Services revenue increased 9%, reflecting a dual tailwind of recovering freight demand and improved operational efficiency.
The results extend a clear earnings recovery trajectory, with last quarter's adjusted EPS at $1.49 representing a 27.35% year-over-year increase. Following the earnings release, BofA Securities raised its price target to $340 from $322. Prior to the report, Susquehanna, UBS, Evercore ISI, and Citigroup had already lifted their targets, signaling broad institutional optimism. Notably, Morgan Stanley had downgraded the stock to Underweight on July 6 with a $200 target, a view now significantly challenged by the blowout results.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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