Custom Truck One Source (NYSE:CTOS) Reaches New 52-Week High on Earnings Beat

Posted by Stanley Muller on Aug 4th, 2026

Custom Truck One Source, Inc. (NYSE:CTOS – Get Free Report) hit a new 52-week high during trading on Tuesday following a better than expected earnings announcement. The company traded as high as $12.23 and last traded at $11.7540, with a volume of 126768 shares traded. The stock had previously closed at $10.63.

The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. The company had revenue of $563.45 million during the quarter, compared to analyst estimates of $509.76 million. Custom Truck One Source had a negative return on equity of 2.18% and a negative net margin of 0.88%.Custom Truck One Source’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the company posted ($0.13) earnings per share.

Custom Truck One Source News Summary

Here are the key news stories impacting Custom Truck One Source this week:

Positive Sentiment: Second-quarter results beat expectations: CTOS reported record revenue of $563.4 million, up 10.2% year over year and well above the roughly $509.8 million consensus estimate. Adjusted earnings were $0.05 per share, exceeding estimates of $0.01-$0.02 and improving from a $0.13-per-share loss in the year-ago quarter. Custom Truck One Source Reports Second Quarter 2026 Results
Positive Sentiment: Full-year guidance was increased: Management raised 2026 revenue guidance to $2.1 billion-$2.2 billion, above or roughly in line with prior analyst expectations, and also increased its adjusted EBITDA outlook. The stronger forecast helped reinforce the bullish reaction to the earnings release. Custom Truck One Source Guidance Update
Positive Sentiment: Analyst target increased: Robert W. Baird lifted its CTOS price target from $10 to $12, indicating additional upside based on the firm’s valuation, while maintaining a neutral rating. Benzinga
Neutral Sentiment: Analyst consensus remains cautious: The reported consensus target price is $10.14, suggesting analysts’ average valuation has not fully caught up with the recent rally and remains below Baird’s new target. Custom Truck One Source Consensus Target Price
Negative Sentiment: Financial risks persist: Despite the quarterly earnings beat, CTOS continues to report a negative net margin and negative return on equity. Its debt-to-equity ratio of 2.02 and quick ratio of 0.25 also point to leverage and liquidity risks that could limit further upside.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Custom Truck One Source in a research report on Friday, July 17th. JPMorgan Chase & Co. boosted their price target on shares of Custom Truck One Source from $6.00 to $8.00 and gave the stock an “underweight” rating in a report on Wednesday, April 29th. Stifel Nicolaus increased their price target on shares of Custom Truck One Source from $8.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Capital One Financial set a $13.00 price objective on shares of Custom Truck One Source in a report on Tuesday, May 26th. Finally, Robert W. Baird lifted their price objective on shares of Custom Truck One Source from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $10.93.

Check Out Our Latest Analysis on CTOS

Institutional Trading of Custom Truck One Source

A number of hedge funds and other institutional investors have recently made changes to their positions in CTOS. M&T Bank Corp lifted its holdings in shares of Custom Truck One Source by 3,477.5% in the fourth quarter. M&T Bank Corp now owns 938,098 shares of the company’s stock worth $5,403,000 after buying an additional 911,876 shares in the last quarter. First Trust Advisors LP grew its stake in Custom Truck One Source by 221.9% during the fourth quarter. First Trust Advisors LP now owns 1,222,875 shares of the company’s stock valued at $7,044,000 after acquiring an additional 842,964 shares in the last quarter. Alyeska Investment Group L.P. increased its holdings in Custom Truck One Source by 42.9% during the 4th quarter. Alyeska Investment Group L.P. now owns 2,500,229 shares of the company’s stock worth $14,401,000 after acquiring an additional 750,000 shares during the period. Dimensional Fund Advisors LP increased its holdings in Custom Truck One Source by 15.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,602,838 shares of the company’s stock worth $36,806,000 after acquiring an additional 741,857 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Custom Truck One Source by 154.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,056,550 shares of the company’s stock worth $6,942,000 after purchasing an additional 642,109 shares in the last quarter. 90.07% of the stock is currently owned by institutional investors.

Custom Truck One Source Stock Up 10.1%

The company’s 50 day simple moving average is $10.48 and its 200-day simple moving average is $8.48. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.25 and a current ratio of 1.30. The firm has a market capitalization of $2.65 billion, a PE ratio of -130.09 and a beta of 1.38.

About Custom Truck One Source

(Get Free Report)

Custom Truck One Source, Inc (NYSE: CTOS) is a North American provider of specialty rental equipment, parts and services. The company’s fleet encompasses a wide range of assets, including cranes, aerial work platforms, trench safety and shoring equipment, fluid management solutions, generators and other industrial machinery. Customers rely on Custom Truck One Source to support projects in construction, energy, telecommunications, industrial manufacturing, municipalities and large-scale events.

Headquartered in Plano, Texas, Custom Truck One Source has expanded through a combination of organic growth and strategic acquisitions to establish a network of more than 140 branch locations across the United States and Canada.