In a report released today, Christopher Kuhn from Benchmark Co. maintained a Buy rating on Knight Transportation (KNX – Research Report), with a price target of $63.00.
Christopher Kuhn has given his Buy rating due to a combination of factors including Knight Transportation’s better-than-expected earnings per share for the first quarter of 2025, which surpassed both Benchmark Co.’s and FactSet’s estimates. Despite some challenges such as adverse weather conditions and a lack of typical seasonal growth in March, the company managed to achieve positive results, particularly with a notable improvement in adjusted operating profit and USX margins.
Additionally, the company’s LTL revenue showed significant growth, driven by increased shipments and the acquisition of DHE, which contributed to a better-than-expected performance. Although the outlook for the second quarter is more cautious due to uncertainties like trade policy impacts and reduced import levels, the company anticipates strong revenue growth and improvements in operating ratios. These factors collectively support the Buy rating, as they indicate potential for future growth and profitability despite current challenges.
In another report released today, Barclays also maintained a Buy rating on the stock with a $58.00 price target.
Based on the recent corporate insider activity of 47 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KNX in relation to earlier this year.