RXO, Inc. (RXO)
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]
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 StatementsAnalyst 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.
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 ...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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%.
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...
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...
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...
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...
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.
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...
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...
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...
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
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...
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),...
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.
UPS Sells Coyote Logistics To RXO for $1 Billion
The transportation giant announced Sunday it had offloaded the third-party logistics provider.
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.