Custom Truck One Source (NYSE:CTOS) Announces Quarterly Earnings Results, Meets Estimates

Custom Truck One Source (NYSE:CTOS) issued its earnings results on Monday. The company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01, FiscalAI reports. The firm had revenue of $495.22 million during the quarter, compared to the consensus estimate of $516.51 million. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the business earned ($0.03) earnings per share.

Custom Truck One Source Stock Up 15.7%

CTOS stock opened at $10.43 on Wednesday. The company has a market cap of $2.37 billion, a P/E ratio of 80.20 and a beta of 1.43. Custom Truck One Source has a twelve month low of $5.18 and a twelve month high of $12.23. The business has a fifty day moving average of $9.36 and a 200-day moving average of $8.77.

Custom Truck One Source News Summary

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

• Positive Sentiment: CTOS reported record third-quarter results, with revenue rising 2.7% year over year to $495.2 million. Rental revenue increased 20.1%, while gross profit climbed 12.4% to $113.3 million and operating profit rose 16.7% to $38.1 million. Custom Truck One Source Reports Record Third Quarter 2026 Results
• Positive Sentiment: Management raised its 2026 adjusted EBITDA target to $447.5 million-$460 million and increased planned net rental fleet investment to $210 million-$230 million, signaling confidence in rental demand and future growth. SER revenue guidance was also increased. Custom Truck Targets 2026 Adjusted EBITDA
• Positive Sentiment: Operating cash flow more than doubled from the prior year to $163.5 million, and the company swung to net income of $2.3 million, or $0.01 per diluted share, from a loss a year earlier. Custom Truck One Source Q3 2026 Earnings
• Positive Sentiment: DA Davidson reaffirmed its Buy rating with a $13 price target, while Cantor Fitzgerald maintained its Overweight rating with a $14 target, offering bullish signals from analysts. DA Davidson CTOS Rating
• Neutral Sentiment: Quarterly EPS of $0.01 matched consensus and improved from a $0.03 loss in the year-ago period, but the earnings beat was limited because results were essentially in line with expectations. CTOS Matches Q3 Earnings Estimates
• Negative Sentiment: Revenue of $495.2 million fell short of the roughly $516.5 million analyst forecast. The miss, along with a weather-related impact highlighted in coverage, likely outweighed the earnings improvement and higher guidance. CTOS Q3 Revenue Earnings Flash
• Negative Sentiment: CTOS spent $173.5 million on property, plant and equipment during the quarter, while reported cash was $14.6 million and total liabilities were $2.8 billion, keeping leverage and capital requirements in focus. CTOS Stock Falls on Q3 Earnings

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CTOS shares. Zacks Research lowered shares of Custom Truck One Source from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. DA Davidson restated a “buy” rating and set a $13.00 price target on shares of Custom Truck One Source in a research note on Tuesday. Oppenheimer raised their price target on shares of Custom Truck One Source from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 5th. Robert W. Baird lifted their price objective on Custom Truck One Source from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Finally, Weiss Ratings lowered Custom Truck One Source from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $12.00.

Custom Truck One Source Company Profile

Custom Truck One Source, Inc is a specialty equipment provider serving the utility, telecommunications, rail, and related infrastructure industries. The company sells, rents, leases, and services new and used trucks and equipment, including aerial devices, cranes, digger derricks, bucket trucks, service trucks, trailers, and other specialized vehicles.

Through its parts and service operations, Custom Truck One Source provides replacement parts, maintenance, repair, refurbishment, and field support for specialty equipment.