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RXO, Inc. ( (RXO) ) has provided an update.
On May 7, 2026, RXO reported first‑quarter 2026 results showing flat revenue year over year at $1.4 billion, but a wider GAAP net loss of $36 million and adjusted EBITDA falling to $6 million, as gross margin contracted to 14.2%. Brokerage volume declined 8% amid a 12% drop in full truckload activity, though truckload spot mix rose to 33% and improved each month, driving the strongest sequential gain in gross profit per load in more than three years, while Managed Transportation won over $100 million in new freight under management and the firm refinanced its 2027 senior notes to a 2031 maturity.
Management highlighted strengthening trends through the quarter, including monthly improvement in full truckload volume, a growing spot mix and an expanded late‑stage sales pipeline exceeding $200 million, even as Last Mile stops fell 8% on weak big‑ticket demand and severe weather. For the second quarter of 2026, RXO guided to adjusted EBITDA of $27 million to $37 million, expects Brokerage volume to be roughly flat year over year with higher truckload gross profit per load, and anticipates sequential improvement in Last Mile activity, underscoring its view that supply‑side tightening and ongoing carrier exits are driving a structural, supply‑driven recovery that could enhance long‑term shareholder returns.
The most recent analyst rating on (RXO) stock is a Sell with a $14.00 price target. To see the full list of analyst forecasts on RXO, Inc. stock, see the RXO Stock Forecast page.
Spark’s Take on RXO Stock
According to Spark, TipRanks’ AI Analyst, RXO is a Neutral.
The score is primarily constrained by deteriorating financial performance—recent net losses and negative free cash flow outweigh a comparatively manageable balance sheet. Technicals are mildly supportive (positive MACD; price above key shorter-term averages), but valuation remains challenged by negative earnings. The latest earnings call was neutral: near-term guidance is weak, partially offset by cost reductions, pipeline strength, and financing actions that could support a recovery if conditions improve.
To see Spark’s full report on RXO stock, click here.
More about RXO, Inc.
RXO, Inc. is a leading provider of asset-light transportation solutions, offering tech-enabled truck brokerage alongside complementary managed transportation and last mile delivery services. Headquartered in Charlotte, N.C., the company leverages large-scale capacity and proprietary technology to move freight efficiently through supply chains across North America.
Average Trading Volume: 2,256,620
Technical Sentiment Signal: Buy
Current Market Cap: $3.23B
See more insights into RXO stock on TipRanks’ Stock Analysis page.