IPO Year: 2024
Exchange: NASDAQ
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/17/2024 | $22.00 | Outperform | Barrington Research |
| 6/3/2024 | $19.00 | Buy | Stifel |
| 6/3/2024 | Outperform | William Blair | |
| 6/3/2024 | $18.00 | Outperform | Raymond James |
JACKSONVILLE, Fla., May 13, 2025 (GLOBE NEWSWIRE) -- Proficient Auto Logistics (PAL) is marking its one-year anniversary today, celebrating a year of strategic growth, operational alignment, and continued expansion in the auto logistics industry. Established May 13, 2024, through an initial public offering, Proficient Auto Logistics united five long-tenured, regional auto hauling companies into a national network. Since then, the company has expanded its reach by adding two additional carriers, creating a robust footprint and market offering of auto logistics solutions. As part of this milestone, PAL is introducing its mission and vision statements, supported internally by corporate valu
JACKSONVILLE, Fla., May 07, 2025 (GLOBE NEWSWIRE) -- Proficient Auto Logistics, Inc. (NASDAQ:PAL) (the "Company" or "Proficient") today reported its financial results for the three months ended March 31, 2025, and comparative summary financial information for the Founding Companies (as defined below) on a combined basis for the three months ended March 31, 2024. First Quarter Summary (first quarter 2024 information on a combined basis)Total Operating Revenue of $95.2 million, increased 0.7% from Q4; decreased 0.4% from Q1 2024Total Operating Income/(Loss) of ($2.4) million, versus ($2.4) million Q4 and $6.5 million Q1 2024Adjusted Operating Income(1) of $1.2 million, versus $1.1 milli
Proficient Auto Logistics, Inc. (NASDAQ:PAL) (the "Company") announced that the Company will host an investor conference call at 5:00 p.m. EDT on Wednesday, May 7, 2025, to discuss its operating and financial results for the three months ended March 31, 2025. A press release disclosing those results will be issued following the stock market close on that day. Investors are invited to join the conference call by registering through this link: https://register-conf.media-server.com/register/BI302e5389800e4532be1cbc9a39fb590b, once registered, you will receive a dial-in and a unique pin to join the conference. You may also join the listen-only Webcast via https://edge.media-server.com/mmc/p/zm
Proficient Auto Logistics (NASDAQ:PAL), a leading provider of auto transportation and logistics services, today announced the successful acquisition of Brothers Auto Transport, LLC, a well-established carrier based in Wind Gap, PA. This transaction strategically expands PAL's fleet, base of talented company drivers, and strengthens its presence in key northeastern markets. Founded in 1996, Brothers Auto Transport brings new, and expands existing, OEM partnerships in PAL's portfolio, further enhancing service capabilities and customer reach. With a strong track record of profitability, operational excellence, and reputation in the industry, Brothers Auto Transport's expertise fits with PAL'
Proficient Auto Logistics, Inc. (NASDAQ:PAL) (the "Company" or "Proficient") today reported its preliminary financial results for the three months ended December 31, 2024, and comparative summary financial information for the Founding Companies (as defined below) on a combined basis for the three months ended December 31, 2023. Fourth Quarter Summary (fourth quarter 2023 information on a combined basis) Total Operating Revenue of $95.1 million, increased 4% from Q3; decreased 15.9% from Q4 2023 Total Operating Income/Loss of ($1.9) million, versus ($2.2) million Q3 and $9.4 million Q4 2023 Adjusted Operating Income(1) of $1.7 million, versus $1.1 million Q3 and $9.4 million Q4 2023
Sets Date to Report Preliminary Fourth Quarter 2024 Financial Results Proficient Auto Logistics, Inc. (NASDAQ:PAL) (the "Company") today announced that Rick O'Dell, Chairman and Chief Executive Officer, Amy Rice, President and Chief Operating Officer, and Brad Wright, Chief Financial Officer will attend the Stifel Financial Corp. Transportation & Logistics Conference on February 12, 2025. During this conference, Messrs. O'Dell and Wright and Ms. Rice expect to participate in a series of meetings with members of the investment community. The materials used during the meetings will be posted to the Company's website that day at proficientautologistics.com under "Investor Relations - Investo
Proficient Auto Logistics, Inc. (NASDAQ:PAL) (the "Company" or "Proficient") today reported its financial results for the three months ended September 30, 2024, and comparative summary financial information for the Founding Companies (as defined below) on a combined basis for the three months ended September 30, 2024. Third Quarter Summary (third quarter 2023 information on a combined basis) Total Operating Revenue of $91.5 million, a decrease of 12.5% Total Operating Loss of ($2.2) million, versus operating income of $8.2 million Adjusted Operating Income(1) of $1.1 million, versus operating income of $8.2 million Adjusted Operating Ratio(1) of 98.8% compared to 92.2% Total Units delivere
Proficient Auto Logistics, Inc. (NASDAQ:PAL) today announced that the Board of Directors (the "Board") of Proficient Auto Logistics, Inc. ("Proficient") appointed Brenda Frank ("Ms. Frank") to serve as a member of the Board. Ms. Frank currently is the Group Senior Vice President of Human Resources, Buying Offices, of Ross Stores, Inc. (NASDAQ:ROST) ("Ross Stores") where she leads a team of over 80 professionals. Ms. Frank has worked at Ross Stores since 2018. "Brenda's extensive leadership experience in human capital management and legal matters will bring a highly valued additional perspective to our board," said Rick O'Dell, Proficient's Chief Executive Officer. Prior to joining Ross St
Proficient Auto Logistics, Inc. (NASDAQ:PAL) today provided an update on certain expected operating and financial metrics for the third quarter of fiscal 2024. As noted during the Company's second quarter earnings call in early August, unit volumes slowed during June with the slowdown continuing into July. While there were specific events in July – such as seasonal plant closures during the first two weeks of the month – the Company also made note of its OEM customers' cautionary tone regarding their outlook for the second half of 2024. Weakness in unit volumes continued throughout the third quarter of 2024, resulting in estimated unit volumes of flat to a decline of 1% compared to combin
Announces New Acquistion to Close During the Third Quarter Proficient Auto Logistics, Inc. (NASDAQ:PAL) today reported its financial results for the three months ended June 30, 2024, for Proficient Auto Logistics, Inc. ("Proficient", or the "Company"), Proficient Auto Transport, Inc. ("Proficient Transport", or "Predecessor") and for the five Founding Companies on a combined basis. Second Quarter Highlights (all on a combined basis compared to second quarter 2023) Total Operating Revenue of $106.6 million, an increase of 5.8% Total Operating Income of $7.0 million, a decrease of 3.7% Adjusted Operating Income(1) of $8.73 million, an increase of 19.4% Adjusted
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Proficient Auto Logistics, Inc. (NASDAQ:PAL) (the "Company") announced that the Company will host an investor conference call at 5:00 p.m. EDT on Wednesday, May 7, 2025, to discuss its operating and financial results for the three months ended March 31, 2025. A press release disclosing those results will be issued following the stock market close on that day. Investors are invited to join the conference call by registering through this link: https://register-conf.media-server.com/register/BI302e5389800e4532be1cbc9a39fb590b, once registered, you will receive a dial-in and a unique pin to join the conference. You may also join the listen-only Webcast via https://edge.media-server.com/mmc/p/zm
Proficient Auto Logistics (NASDAQ:PAL), a leading provider of auto transportation and logistics services, today announced the successful acquisition of Brothers Auto Transport, LLC, a well-established carrier based in Wind Gap, PA. This transaction strategically expands PAL's fleet, base of talented company drivers, and strengthens its presence in key northeastern markets. Founded in 1996, Brothers Auto Transport brings new, and expands existing, OEM partnerships in PAL's portfolio, further enhancing service capabilities and customer reach. With a strong track record of profitability, operational excellence, and reputation in the industry, Brothers Auto Transport's expertise fits with PAL'
Sets Date to Report Preliminary Fourth Quarter 2024 Financial Results Proficient Auto Logistics, Inc. (NASDAQ:PAL) (the "Company") today announced that Rick O'Dell, Chairman and Chief Executive Officer, Amy Rice, President and Chief Operating Officer, and Brad Wright, Chief Financial Officer will attend the Stifel Financial Corp. Transportation & Logistics Conference on February 12, 2025. During this conference, Messrs. O'Dell and Wright and Ms. Rice expect to participate in a series of meetings with members of the investment community. The materials used during the meetings will be posted to the Company's website that day at proficientautologistics.com under "Investor Relations - Investo
Proficient Auto Logistics, Inc. (NASDAQ:PAL) today provided an update on certain expected operating and financial metrics for the third quarter of fiscal 2024. As noted during the Company's second quarter earnings call in early August, unit volumes slowed during June with the slowdown continuing into July. While there were specific events in July – such as seasonal plant closures during the first two weeks of the month – the Company also made note of its OEM customers' cautionary tone regarding their outlook for the second half of 2024. Weakness in unit volumes continued throughout the third quarter of 2024, resulting in estimated unit volumes of flat to a decline of 1% compared to combin
Proficient Auto Logistics, Inc. (NASDAQ:PAL) (the "Company") today announced that the Company will issue its second quarter 2024 financial results on Friday, August 9, 2024 at approximately 8:00 a.m. EDT. The release will be followed by an investor conference call at 9:00 a.m. EDT to discuss the results. The Company invites investors to join the investor conference call by registering through this link: https://register.vevent.com/register/BI90b130544470456896539b6157a2a187, once registered, you will receive a dial-in and a unique pin to join the conference. You may also join the listen-only Webcast via https://edge.media-server.com/mmc/p/x87snrdh. About Proficient Auto Logistics We a
Proficient Auto Logistics, Inc. (NASDAQ:PAL) (the "Company") today announced that the Company will issue its first quarter 2024 financial results on Tuesday, June 18, 2024 at approximately 8:00 a.m. EDT. The release will be followed by an investor conference call at 9:00 a.m. EDT to discuss the results. The Company invites investors to join the investor conference call by registering through this link: https://register.vevent.com/register/BIdd40ce9adc75493abf9a39f9d270fb13, once registered, you will receive a dial-in and a unique pin to join the conference. You may also join the listen-only Webcast via https://edge.media-server.com/mmc/p/fh6ej9ww. About Proficient Auto Logistics We ar
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Barrington Research initiated coverage of Proficient Auto Logistics with a rating of Outperform and set a new price target of $22.00
William Blair initiated coverage of Proficient Auto Logistics with a rating of Outperform
Stifel initiated coverage of Proficient Auto Logistics with a rating of Buy and set a new price target of $19.00
Raymond James initiated coverage of Proficient Auto Logistics with a rating of Outperform and set a new price target of $18.00
Proficient Auto Logistics, Inc. (NASDAQ:PAL) today announced that the Board of Directors (the "Board") of Proficient Auto Logistics, Inc. ("Proficient") appointed Brenda Frank ("Ms. Frank") to serve as a member of the Board. Ms. Frank currently is the Group Senior Vice President of Human Resources, Buying Offices, of Ross Stores, Inc. (NASDAQ:ROST) ("Ross Stores") where she leads a team of over 80 professionals. Ms. Frank has worked at Ross Stores since 2018. "Brenda's extensive leadership experience in human capital management and legal matters will bring a highly valued additional perspective to our board," said Rick O'Dell, Proficient's Chief Executive Officer. Prior to joining Ross St
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