$KNX

Stifel maintained a Buy rating and $92 price target for Knight-Swift, implying 45.6% upside from the Oct 21 close. The firm cited strong earnings recovery, strategic market positioning, and operational improvements. Knight-Swift is the largest U.S. truckload carrier.

Stifel raised its price target on Knight Transportation (KNX) to $92 from $90, citing strong Q3 2026 earnings of $0.83 per share, beating estimates. Revenue also exceeded expectations, driven by fuel surcharge revenue. The stock is up 35% over the past year. Analysts highlight Knight's positioning in supply-side tightening and constructive management expectations. Other analysts have mixed price target adjustments, with Raymond James lowering to $84 and Citizens reiterating a $90 target.

Raymond James reduced its price target for Knight Transportation (KNX) to $84 from $94, citing market conditions but maintaining a Strong Buy rating. The stock trades at $63.20, with analysts noting growth potential in its LTL business. Citizens set a $90 target, increasing 2027 EPS estimates. KNX trades at 13x 2028 EPS estimates, per Raymond James.

Citizens maintained its Market Outperform rating on Knight Transportation (KNX) with a $90 price target, citing a 42% upside. The firm raised its 2027 EPS estimate by 2% but noted the stock's high P/E ratio. Peak earnings are projected between $6 and $8 per share by 2028. Risks include management execution and macroeconomic conditions. Separately, Schneider National reported Q3 2026 earnings of $0.83 per share, beating estimates.

Knight-Swift reported Q3 2026 revenue of $2.20B, up 14.2% YoY, with net income of $118.3M and adjusted EPS of $0.83. Operating income rose to $178.7M, and the company provided Q4 adjusted EPS guidance of $0.78–$0.84. All segments showed improved operating ratios, with notable growth in truckload and intermodal segments.

Knight-Swift Transportation Holdings Inc. (KNX) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 October 21, 2026 Phoenix, Arizona Knight-Swift Transportation Holdings Inc. Reports Third Quarter 2026 Revenue and Earnings Knight-Swift Transportation Holdings Inc. (NYSE: KNX) ("Knight-Swift" or the "Company"), one of the largest and most diversified freight transp

Global supply chains face strains due to shipping disruptions, with U.S. trucking rates rising 18% YoY to $2.72/mile. War in Hormuz raised hull insurance to 3-8% of value. Malaysian glove makers like Top Glove face cost hikes. Knight-Swift (KNX) and J.B. Hunt (JBHT) report mixed impacts. Breakwave Tanker ETF (BWET) surged 5,157% since 2022, with VLCC rates hitting $1.3M/day.

Knight-Swift Transportation Holdings Inc. (KNX) reported a 43.9% decrease in net income for fiscal year 2025, totaling $65.9M. Over the trailing 12 months, net income was $34.0M. The company's net income has fluctuated over the past 15 fiscal years, with a notable decline in recent years.

RXO reported strong earnings but its stock has traded sideways at $21.05. Werner (WERN) missed EPS estimates, with revenue up 24% to $933.9M, and its stock is down 11.1%. Ryder (R) beat revenue expectations by 1.3% with $3.35B, but its stock is down 16.3%. Knight-Swift (KNX) topped revenue expectations by 2% with $2.10B, but its stock is down 15.7%.

Bernstein identifies U.S. trucking stocks with cyclical upside, favoring XPO, Saia, and Knight-Swift. Spot rates exceeded contract rates, signaling a market turn. XPO's LTL network and Saia's expansion drive growth, while Knight-Swift benefits from contract rate resets. Saia reported $956.5M Q2 revenue, up 17.1% YoY.