RXO, Inc. (RXO)

NYSE: RXO · Real-Time Price · USD
27.54
+0.12 (0.44%)
Nov 20, 2024, 4:00 PM EST - Market closed
0.44%
Market Cap 4.43B
Revenue (ttm) 3.86B
Net Income (ttm) -263.00M
Shares Out 160.79M
EPS (ttm) -2.17
PE Ratio n/a
Forward PE 76.18
Dividend n/a
Ex-Dividend Date n/a
Volume 597,930
Open 27.47
Previous Close 27.42
Day's Range 27.15 - 27.55
52-Week Range 18.75 - 32.82
Beta 1.15
Analysts Hold
Price Target 26.47 (-3.89%)
Earnings Date Nov 7, 2024

About RXO

RXO, Inc. provides full truckload freight transportation brokering services. It also offers brokered services for managed transportation, last mile, and freight forwarding. The company was incorporated in 2022 and is based in Charlotte, North Carolina. [Read more]

Industry Trucking
Sector Industrials
Founded 2022
Employees 6,051
Stock Exchange NYSE
Ticker Symbol RXO
Full Company Profile

Financial Performance

In 2023, RXO, Inc.'s revenue was $3.93 billion, a decrease of -18.12% compared to the previous year's $4.80 billion. Earnings were $4.00 million, a decrease of -95.65%.

Financial Statements

Analyst Forecast

According to 17 analysts, the average rating for RXO stock is "Hold." The 12-month stock price forecast is $26.47, which is a decrease of -3.89% from the latest price.

Price Target
$26.47
(-3.89% downside)
Analyst Consensus: Hold
Stock Forecasts

News

RXO, Inc. (RXO) Q3 2024 Earnings Conference Call Transcript

RXO, Inc. (NYSE:RXO) Q3 2024 Earnings Conference Call November 7, 2024 7:00 AM ET Company Participants Drew Wilkerson - CEO Jamie Harris - CFO Jared Weisfeld - Chief Strategy Officer Conference Call ...

11 days ago - Seeking Alpha

RXO Reports Third-Quarter Results with Coyote Integration Ahead of Schedule and Complementary Services Momentum

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #nyse--RXO (NYSE: RXO) today announced its financial results for the third quarter of 2024. Drew Wilkerson, chief executive officer of RXO, said, “In the thir...

14 days ago - Business Wire

RXO Announces Participation at Upcoming Investor Conferences

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--RXO (NYSE: RXO) today announced that company leaders will participate in the following investor conferences: Event: Scotiabank 24th Annual Transportatio...

23 days ago - Business Wire

RXO Announces Time Change for Third-Quarter Earnings and Investor Conference Call

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #nyse--RXO (NYSE: RXO) announced today it has changed the time of its third-quarter earnings and investor conference call, which will be held on Thursday, Nov...

5 weeks ago - Business Wire

RXO Emerges Stronger With The Freight Recession In The Rearview

RXO Inc., the third-largest freight brokerage in North America, shows strong growth with increasing freight load volumes and revenue per load, making it a buy. The acquisition of UPS' freight brokerag...

5 weeks ago - Seeking Alpha

RXO Presents the 2024 Carolina Panthers Oorah Hooah Classic 7-on-7 Football Tournament

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, presented the Oorah Hooah Classic 7-on-7 Football Tournament with the Carol...

6 weeks ago - Business Wire

RXO Schedules Third-Quarter Earnings and Investor Conference Call for November 7, 2024

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--RXO (NYSE: RXO) will issue its third-quarter financial results before the opening of the New York Stock Exchange on Thursday, November 7, 2024. The comp...

6 weeks ago - Business Wire

RXO Completes Acquisition of Coyote Logistics

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, today announced it has completed its acquisition of Coyote Logistics from U...

2 months ago - Business Wire

RXO Announces Upsizing and Pricing of Common Stock Offering Associated with Financing Acquisition of Coyote Logistics from UPS

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #nyse--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, today announced that is has upsized its previously announced public offeri...

2 months ago - Business Wire

RXO Announces Common Stock Offering Associated with Financing Acquisition of Coyote Logistics from UPS

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #nyse--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, today announced it intends to make an offering of $350,000,000 of shares o...

2 months ago - Business Wire

XPO and RXO stocks are severely overvalued: buy, sell, or hold?

XPO and RXO stocks have done well this year as they continued beating the S&P 500 index. XPO has risen by over 30% while RXO has jumped by 22.35%.

Other symbols: XPO
2 months ago - Invezz

RXO Launches Prepay Fuel Option for Carriers

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, launched a prepay capability through the RXO Fuel Card. The new prepay solu...

3 months ago - Business Wire

RXO Dedicated Transportation Named 2024 SmartWay High Performer

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, announced its dedicated transportation business was recognized as a 2024 Sm...

3 months ago - Business Wire

RXO Announces $550 Million Private Financing

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #nyse--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, today announced that it has entered into purchase agreements with MFN Part...

3 months ago - Business Wire

RXO Receives 2024 Quest for Quality Award from Logistics Management

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #nyse--RXO (NYSE: RXO), a leading provider of asset-light transportation solutions, received the Quest for Quality award from Logistics Management in the Bulk...

3 months ago - Business Wire

RXO CEO on Q2 earnings, Coyote acquisition, and the state of freight

Drew Wilkerson, CEO of RXO, discusses his company's most recent earnings report, the outlook for the freight market, and his acquisition of Coyote Logistics.

3 months ago - CNBC Television

RXO, Inc. (RXO) Q2 2024 Earnings Call Transcript

RXO, Inc. (NYSE:RXO) Q2 2024 Earnings Conference Call August 7, 2024 8:00 AM ET Company Participants Drew Wilkerson – CEO James Harris – CFO Jared Weisfeld - CSO Conference Call Participants Scott Sc...

3 months ago - Seeking Alpha

RXO Reports Second-Quarter Results Including Brokerage Volume Growth, Increased Last Mile Stops and New Managed Transportation Awards

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--RXO (NYSE: RXO) today announced its financial results for the second quarter of 2024. Drew Wilkerson, chief executive officer of RXO, said, “In the seco...

3 months ago - Business Wire

RXO Schedules Second-Quarter Earnings and Investor Conference Call for August 7, 2024

CHARLOTTE, N.C.--(BUSINESS WIRE)---- $RXO #RXO--RXO (NYSE: RXO) will issue its second-quarter financial results before the opening of the New York Stock Exchange on Wednesday, August 7, 2024. The comp...

4 months ago - Business Wire

RXO Partners with Shiplify to Improve Invoice Transparency for LTL Customers

Shiplify integrates with RXO Connect™ to provide proactive location data to LTL shippers Shiplify integrates with RXO Connect™ to provide proactive location data to LTL shippers

4 months ago - GlobeNewsWire

Cramer: UPS stock is ‘hard to own' after selling Coyote Logistics to RXO

Famed investor Jim Cramer is not all that excited about United Parcel Service Inc (NYSE: UPS) opting to sell its Coyote Logistics business to RXO Inc (NYSE: RXO). Shares of both companies are still up...

Other symbols: UPS
5 months ago - Invezz

RXO Surges After Buying Coyote Logistics Unit From UPS for More Than $1 Billion

RXO (RXO) shares soared in intraday trading Monday, a day after the package delivery firm purchased Coyote Logistics, the third-party asset-light freight brokerage unit of United Parcel Service (UPS),...

5 months ago - Investopedia

RXO Buys UPS Unit Coyote Logistics for $1 Billion

RXO Inc. has agreed to buy United Parcel Service Inc.'s asset-light freight brokerage business, Coyote Logistics, for more than $1 billion. Alexandra Semenova reports.

Other symbols: UPS
5 months ago - Bloomberg Markets and Finance

UPS Sells Coyote Logistics To RXO for $1 Billion

The transportation giant announced Sunday it had offloaded the third-party logistics provider.

Other symbols: UPS
5 months ago - Barrons

UPS announces sale of Coyote Logistics unit to RXO for $1 billion

United Parcel Service , the world' biggest parcel delivery firm, on Sunday said it would sell its Coyote Logistics business unit to RXO for $1.025 billion.

Other symbols: UPS
5 months ago - Reuters