William Blair initiated coverage on Proficient Auto Logistics
$PAL
Transportation Services
Consumer Discretionary
William Blair initiated coverage of Proficient Auto Logistics with a rating of Outperform
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| 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 |
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
4 - Proficient Auto Logistics, Inc (0001998768) (Issuer)
4 - Proficient Auto Logistics, Inc (0001998768) (Issuer)
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
4 - Proficient Auto Logistics, Inc (0001998768) (Issuer)
4 - Proficient Auto Logistics, Inc (0001998768) (Issuer)
3 - Proficient Auto Logistics, Inc (0001998768) (Issuer)
Barrington Research analyst Alexander Paris initiates coverage on Proficient Auto Logistics (NASDAQ:PAL) with a Outperform rating and announces Price Target of $22.
Proficient Auto Logistics (NASDAQ:PAL) reported quarterly losses of $(0.11) per share. The company reported $95.56 million in sales this quarter. This is a 6.63 percent decrease over sales of $102.34 million the same period last year.
William Blair analyst Ryan Merkel initiates coverage on Proficient Auto Logistics (NASDAQ:PAL) with a Outperform rating.
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
SC 13G - Proficient Auto Logistics, Inc (0001998768) (Subject)
SC 13G - Proficient Auto Logistics, Inc (0001998768) (Subject)
10-Q - Proficient Auto Logistics, Inc (0001998768) (Filer)
8-K/A - Proficient Auto Logistics, Inc (0001998768) (Filer)
8-K - Proficient Auto Logistics, Inc (0001998768) (Filer)
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