Navitas stock soars as company advances 800V tech for NVIDIA AI platforms
Custom Truck One Source Inc. (CTOS) has reached a significant milestone, as its stock hit a 52-week high of $6.64. This achievement reflects a substantial 1-year return of 102%, with particularly strong momentum shown in its 67% gain over the past six months. According to InvestingPro data, the company now commands a market capitalization of $1.5 billion. The company’s impressive performance over the past year has captured the attention of investors, driving its stock to this new peak. While the surge in stock price underscores market confidence, InvestingPro analysis reveals the company is currently trading near its Fair Value, with high EBITDA multiples suggesting careful valuation consideration. InvestingPro subscribers have access to 8 additional key insights about CTOS, including detailed profitability metrics and analyst forecasts, available in the comprehensive Pro Research Report.
In other recent news, Custom Truck One Source reported a notable revenue increase for the second quarter of 2025, reaching $511 million, which exceeded the consensus estimate of $467 million and marked a 21% year-over-year growth. Despite this revenue surge, the company’s earnings per share (EPS) came in at -$0.13, missing the forecasted -$0.05. Following these results, Stifel reiterated its Buy rating, maintaining a $7.00 price target due to the strong performance in the Truck and Equipment Sales segment and improving trends in Transmission and Distribution. DA Davidson also raised its price target for Custom Truck One Source to $8.00, citing healthy performance across rental key performance indicators, truck sales, orders, and margins. Conversely, JPMorgan downgraded the stock from Neutral to Underweight, lowering its price target to $5.50, based on a weak truck sales outlook. Meanwhile, Stifel increased its price target to $8.00, highlighting a positive outlook on third-quarter rental results due to tightening equipment availability. These developments reflect varying analyst perspectives on the company’s future performance.
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