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Proficient Auto Logistics, Inc.
(NASDAQ:PAL)
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Rating:49Neutral
Price Target:
$5.50
▼(-19.59% Downside)
Action:Reiterated
Date:08/17/26
Overall score reflects weak profitability and a sharp TTM revenue decline as the primary negatives, reinforced by bearish technicals (price below key moving averages and negative MACD). These are partly offset by positive operating/free cash flow and a reasonably manageable leverage profile, plus earnings-call guidance pointing to post-acquisition scale benefits and improving operating metrics—though near-term margin pressure and integration/cost risks keep the score below average.
Positive Factors
Hansen & Adkins Acquisition
Closing Hansen & Adkins materially expands PAL’s scale, national U.S. reach and Canadian coverage. A larger, denser network can improve fleet utilization, procurement, backhaul economics and customer coverage, creating a durable platform for synergies.
Negative Factors
Persistent Net Losses
PAL remains loss-making: net income turned from profit in 2023 to sizable losses in 2024–2025 and stayed deeply negative TTM. The sharp TTM revenue decline also raises concern that scale has not yet translated into durable earnings power.
Read all positive and negative factors
Positive Factors
Negative Factors
Hansen & Adkins Acquisition
Closing Hansen & Adkins materially expands PAL’s scale, national U.S. reach and Canadian coverage. A larger, denser network can improve fleet utilization, procurement, backhaul economics and customer coverage, creating a durable platform for synergies.
Read all positive factors
Proficient Auto Logistics, Inc. Key Performance Indicators (KPIs)
Proficient Auto Logistics, Inc. (PAL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$152.74M
Dividend YieldN/A
Average Volume (3M)247.27K
Price to Earnings (P/E)―
Beta (1Y)1.85
Revenue Growth6.84%
EPS Growth-306.04%
CountryUS
Employees825
SectorIndustrials
Sector Strength72
IndustryIntegrated Freight & Logistics
Share Statistics
EPS (TTM)-1.40
Shares Outstanding27,770,075
10 Day Avg. Volume260,845
30 Day Avg. Volume247,269
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)0.85
Price to Sales (P/S)0.62
P/FCF Ratio9.08
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$12.00Price Target Upside75.44% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.09
Revenue Forecast (FY)$412.35M
Proficient Auto Logistics, Inc. Business Overview & Revenue Model
Company Description
Proficient Auto Logistics, Inc. is a company that specializes in providing automotive transportation and logistics solutions across North America. The firm manages a significant fleet, comprising approximately 1,130 specialized vehicle transport u...
Proficient Auto Logistics, Inc. Earnings Call Summary
Earnings Call Date:Aug 10, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 06, 2026
Earnings Call Sentiment Positive
The call balanced near‑term operational and margin challenges with a major strategic positive: the transformative Hansen & Adkins acquisition that materially increases scale, geographic reach and potential synergies. Management reported sequential monthly improvement in Q2 (June OR 95.7%), improved revenue per unit (+2.9% YoY), and outlined financing to support the transaction. Offsetting this are YoY declines in revenue (‑5.3%) and units (‑8%), a sharp drop in adjusted EBITDA (from $11.3M to $7.6M, down ~32.7%), elevated fuel/driver costs, constrained subhaul capacity, regulatory/liability risks, and a short‑term elevated operating ratio (~97% guidance for H2). Overall, the strategic acquisition and pathway to realize synergies give management confidence that performance will improve into 2027, but near‑term results and industry headwinds introduce meaningful execution and timing risk.Positive Updates
Strategic Acquisition of Hansen & Adkins
Announced definitive agreement to acquire Hansen & Adkins for an implied enterprise value of $130M (assumes ~ $75M equipment financing and $55M paid to sellers). Purchase will include $3M in Proficient shares and ~$52M cash at closing, with potential earn-out in Q1 2027 tied to 2026 EBITDA. Hansen & Adkins: >$400M revenue and >$27M EBITDA on a trailing 12-month basis (through March). Management calls the deal transformative and expects it to be accretive from the outset.
Negative Updates
Year‑over‑Year Revenue and Volume Declines
Q2 total operating revenue of $109.4M, down 5.3% vs Q2 2025. Total units delivered in Q2 were 580,962, a decline of 8% YoY, reflecting weaker volumes versus last year's record quarter.
Read all updates
Q2-2026 Updates
Positive
Negative
Strategic Acquisition of Hansen & Adkins
Announced definitive agreement to acquire Hansen & Adkins for an implied enterprise value of $130M (assumes ~ $75M equipment financing and $55M paid to sellers). Purchase will include $3M in Proficient shares and ~$52M cash at closing, with potential earn-out in Q1 2027 tied to 2026 EBITDA. Hansen & Adkins: >$400M revenue and >$27M EBITDA on a trailing 12-month basis (through March). Management calls the deal transformative and expects it to be accretive from the outset.
Read all positive updates
Company Guidance
Management guided that, on a combined basis following the Hansen & Adkins close, reported second‑half 2026 revenue should be $350–$370 million with operating ratios of approximately 97% and EBITDA margins of about 8–9% (with synergies expected to begin showing in 2027). Standalone Q3 revenue was called roughly flat to Q2 (Q2 revenue $109.4M; 580,962 units delivered; revenue per unit +2.9% YoY), Q2 adjusted EBITDA was $7.6M (vs. $11.3M in Q2‑2025), June operating ratio improved to 95.7%, net debt was $62.3M (2.1x net leverage on TTM adjusted EBITDA of $30.3M), equipment CapEx < $5M YTD, and shares outstanding were 28.1M. Pro forma metrics cited: Hansen & Adkins >$400M revenue and >$27M EBITDA TTM (Canada ~13% of H&A), combined enterprise ~ $830–$835M revenue and ~ $60M adjusted EBITDA TTM; deal EV $130M (including assumption of ~ $75M equipment financing and ~$55M to sellers: $3M stock + $52M cash), plus a syndicated equipment facility (capacity up to $120M, expected closing balance ~ $100M) and a $75M 7‑year convertible.Proficient Auto Logistics, Inc. Financial Statement Overview
Summary
Income Statement
33
Negative
Balance Sheet
64
Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 |
|---|---|---|---|---|
Income Statement | ||||
| Total Revenue | 422.76M | 430.43M | 240.85M | 135.76M |
| Gross Profit | 123.34M | 33.89M | 46.22M | 17.45M |
| EBITDA | 38.91M | 5.00M | 13.37M | 12.88M |
| Net Income | -39.08M | -33.45M | -8.48M | 7.16M |
Balance Sheet | ||||
| Total Assets | 460.50M | 476.96M | 508.09M | 4.40M |
| Cash, Cash Equivalents and Short-Term Investments | 8.13M | 14.29M | 15.40M | 458.23K |
| Total Debt | 82.40M | 97.97M | 93.57M | 0.00 |
| Total Liabilities | 157.32M | 163.00M | 170.11M | 4.01M |
| Stockholders Equity | 303.19M | 313.96M | 337.98M | 389.17K |
Cash Flow | ||||
| Free Cash Flow | 17.14M | 29.28M | 4.54M | 10.22M |
| Operating Cash Flow | 20.69M | 33.18M | 10.72M | 10.73M |
| Investing Cash Flow | -2.86M | -11.52M | -205.03M | 194.25K |
| Financing Cash Flow | -23.35M | -22.77M | 209.25M | -10.93M |
Proficient Auto Logistics, Inc. Technical Analysis
Negative
6.84
Price Trends
7.00
Negative
6.70
Negative
7.58
Negative
Market Momentum
-0.33
Positive
34.51
Neutral
14.60
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PAL, the sentiment is Negative. The current price of 6.84 is above the 20-day moving average (MA) of 6.68, below the 50-day MA of 7.00, and below the 200-day MA of 7.58, indicating a bearish trend. The MACD of -0.33 indicates Positive momentum. The RSI at 34.51 is Neutral, neither overbought nor oversold. The STOCH value of 14.60 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PAL.
Proficient Auto Logistics, Inc. Risk Analysis
Proficient Auto Logistics, Inc. disclosed 43 risk factors in its most recent earnings report. Proficient Auto Logistics, Inc. reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 1 New Risks
Proficient Auto Logistics, Inc. Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $68.58M | 5.75 | 9.34% | ― | 13.55% | 9.71% | |
65 Neutral | $407.90M | 25.82 | 7.06% | ― | 0.60% | -5.90% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $135.18M | 4.08 | 9.44% | ― | -6.74% | ― | |
49 Neutral | $152.74M | -3.93 | -12.39% | ― | 6.84% | -306.04% | |
49 Neutral | $69.77M | -3.49 | -44.81% | ― | 16.93% | 16.55% |
* Industrials Sector Average
PAL
Proficient Auto Logistics, Inc.
5.50
-2.27
-29.21%
RLGT
Radiant Logistics
8.71
2.66
43.97%
CRGO
Freightos Limited
1.35
-2.26
-62.60%
SFWL
Shengfeng Development Limited Class A
0.83
-0.18
-17.72%
FLX
BingEx Ltd. ADR
2.00
-1.14
-36.31%
NCEW
New Century Logistics (BVI) Ltd.
17.31
11.31
188.50%
Proficient Auto Logistics, Inc. Corporate Events
Business Operations and StrategyM&A TransactionsPrivate Placements and Financing
Proficient Auto Logistics Raises Capital and Acquires Transport Firm
Positive
Aug 14, 2026
On August 13, 2026, Proficient Auto Logistics completed a private offering of $75 million in 5.500% convertible senior notes due 2033 to qualified institutional buyers, alongside related capped call transactions designed to limit dilution and mana...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and Financing
Proficient Auto Logistics to Acquire Hansen & Adkins
Negative
Aug 10, 2026
On August 10, 2026, Proficient Auto Logistics agreed to acquire Hansen Adkins Auto Transport for about $130 million, including $75 million of assumed debt, plus up to $22.1 million in earnout tied to near-term EBITDA, funded with cash and credit ...
Business Operations and StrategyFinancial Disclosures
Proficient Auto Logistics to Present at Growth Conference
Positive
Jun 1, 2026
On June 1, 2026, Proficient Auto Logistics said Chairman and CEO Rick O’Dell and CFO Brad Wright would attend the William Blair Growth Stock Conference on June 2, 2026, holding meetings with investors, with related materials to be posted on ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.