Proficient Auto Logistics, Inc. Common Stock
- Open
- 6.66
- Day high
- 6.99
- Day low
- 6.66
- Prev close
- 6.67
- Volume
- 215K
- Mkt cap
- $194M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.6
- P/S
- 0.5
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$289K over the last 3 months (2 open-market buys, 2 sales)
- 🏛Institutions accumulating (13F)
Proficient Auto Logistics, Inc. Common Stock (PAL) is a Industrials company listed on NASDAQ. The stock is down 16% over the past year. Over the trailing 3 months, insiders filed 2 open-market buys and 2 sales (SEC Form 4).
Proficient Auto Logistics, Inc. Common Stock (PAL) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
PAL earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $-0.01 | $-0.14 | -1300.0% | $94M | +1.7% |
| Apr 4, 2025 | $0.01 | $-0.12 | -1299.9% | $93M | — |
| Nov 8, 2024 | $0.06 | $0.07 | +16.7% | $92M | -1.5% |
| Aug 9, 2024 | $0.20 | $0.28 | +40.0% | $56M | -48.4% |
| Jun 20, 2024 | $0.19 | $-0.11 | -157.9% | $28M | -68.7% |
| Dec 30, 2023 | — | $-0.00 | — | $35M | — |
| Sep 30, 2023 | — | $0.06 | — | $33M | — |
PAL insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 18, 2026 | ODELL RICHARD Ddirector, officer: Chief Executive Officer | Sell | 27,191 | $5.03 |
| May 18, 2026 | ODELL RICHARD Ddirector, officer: Chief Executive Officer | Sell | 33,743 | $5.08 |
| May 15, 2026 | Lal Rohitdirector | Grant | 10,295 | — |
| May 15, 2026 | Wright Bradley J.officer: Chief Financial Officer | Option | 29,444 | — |
| May 15, 2026 | Wright Bradley J.officer: Chief Financial Officer | Buy | 3,132 | $5.15 |
| May 15, 2026 | Wright Bradley J.officer: Chief Financial Officer | Buy | 668 | $5.15 |
| May 15, 2026 | COL DOUGLAS Ldirector | Option | 9,135 | — |
| May 15, 2026 | COL DOUGLAS Ldirector | Grant | 10,295 | — |
| May 15, 2026 | Schraudenbach Johndirector | Grant | 10,295 | — |
| May 15, 2026 | Schraudenbach Johndirector | Option | 9,135 | — |
| May 15, 2026 | Lux Steven Fdirector | Grant | 10,295 | — |
| May 15, 2026 | Lux Steven Fdirector | Option | 9,481 | — |
| May 15, 2026 | Frank Brenda Rdirector | Grant | 10,295 | — |
| May 15, 2026 | Frank Brenda Rdirector | Option | 9,135 | — |
| May 15, 2026 | Gattoni James Bdirector | Grant | 10,295 | — |
Source: PAL SEC Form 4 filings, latest May 18, 2026. For informational purposes only — not investment advice.
See the full PAL insider & 13F page →Proficient Auto Logistics, Inc. Common Stock company profile
Overview
Proficient Auto Logistics, Inc. (NASDAQ:PAL) is a North American auto transportation and logistics company that emerged from a corporate restructuring in 2023. Originally incorporated as AH Acquisition Corp, the company changed its name to Proficient Auto Logistics in October 2023 and went public in 2012. Based in Jacksonville, Florida, PAL operates one of the largest fleets of auto transport vehicles in North America, with approximately 1,130 vehicles and trailers including 615 company-owned units. The company serves a diverse customer base spanning automotive manufacturers, electric vehicle producers, dealerships, auction houses, rental car companies, and auto leasing firms.
Business
Proficient Auto Logistics operates in the auto transportation and logistics industry, which is a specialized segment of freight transportation focused exclusively on moving vehicles from manufacturers to dealers, between dealers, and to auction sites. This industry serves as a critical link in the automotive supply chain, ensuring that new and used vehicles reach their intended destinations safely and efficiently. The company's core service is finished vehicle logistics - the transportation of completed automobiles using specialized multi-car carrier trucks and trailers. These carriers, commonly seen on highways, can transport multiple vehicles simultaneously using hydraulic loading systems and multi-level platforms. PAL's fleet of approximately 1,130 transport vehicles and trailers represents significant scale in this capital-intensive industry. The auto transportation market differs significantly from general freight hauling because it requires specialized equipment, trained drivers familiar with vehicle loading procedures, and insurance coverage for high-value cargo. Vehicles must be transported without damage, requiring careful securing and protection from weather and road debris. The industry operates on contracted routes and scheduled pickups, often involving complex logistics coordination between multiple pickup and delivery points. PAL serves several key customer segments: automotive manufacturers who need vehicles transported from assembly plants to dealer networks, electric vehicle producers requiring specialized handling for their products, auto dealers moving inventory between locations, auto auction companies facilitating vehicle transfers, and rental car and leasing companies managing their fleets. This diversified customer base helps stabilize demand across different automotive market cycles.
Revenue model
Proficient Auto Logistics generates revenue primarily through contracted transportation services, charging customers based on distance, vehicle type, and service complexity. The company operates on a fee-for-service model where customers pay for each vehicle transported, with pricing typically determined by factors such as route distance, pickup and delivery locations, vehicle size and weight, and service urgency. The business model relies heavily on asset utilization and operational efficiency. With a fleet of 1,130 vehicles and trailers, maximizing the number of vehicles transported per trip and minimizing empty miles are crucial for profitability. The company's revenue of approximately $241 million in 2024 demonstrates substantial scale, though recent losses indicate margin pressures. Several factors significantly impact the company's profitability. Fuel costs represent a major variable expense that directly affects margins, as transportation services are fuel-intensive operations. Driver availability and labor costs are critical factors in the trucking industry, where driver shortages can limit capacity and increase wages. Vehicle utilization rates determine how efficiently the company can spread fixed costs across revenue-generating trips. Seasonal demand patterns in the automotive industry affect revenue stability, with typically stronger demand during spring and summer months when car sales peak. Economic cycles heavily influence auto sales and thus transportation demand - during economic downturns, reduced vehicle production and sales directly impact the need for auto transportation services. Competition from other auto transport companies and potential customer consolidation can pressure pricing power, while regulatory changes affecting trucking operations, driver hours, and environmental standards can increase operational costs.
Competitive moat
Proficient Auto Logistics operates in a moderately competitive industry with limited barriers to entry, suggesting a relatively narrow economic moat. The company's primary competitive advantages stem from scale and operational efficiency rather than unique proprietary assets or switching costs. The company's fleet of 1,130 vehicles represents significant scale that provides some advantages in route optimization, customer service capabilities, and negotiating power with suppliers. Larger operators can achieve better asset utilization by coordinating complex multi-stop routes and maintaining consistent service levels that smaller competitors may struggle to match. The company's established relationships with automotive manufacturers, dealers, and auction houses provide some customer stickiness, as switching transportation providers involves coordination costs and service risk. However, the auto transportation industry faces several competitive vulnerabilities. The business is essentially a commodity service where price often determines contract awards, limiting pricing power. Barriers to entry are relatively low - competitors can enter the market by purchasing specialized trailers and hiring qualified drivers, though the capital requirements for scale operations are substantial. Customer concentration risk exists as automotive manufacturers and large dealer groups represent significant portions of industry demand, giving them negotiating leverage. Technological disruption poses long-term threats, including autonomous vehicle transport systems that could eventually reduce labor costs for competitors, and potential changes in automotive distribution models that might reduce overall transportation demand. The rise of electric vehicles, while creating new opportunities, also requires specialized handling capabilities that could favor competitors who invest early in appropriate equipment and training. The company's moat appears narrow and primarily operational, dependent on maintaining cost efficiency and service quality rather than sustainable competitive advantages that would prevent margin compression over time.
Risks & safety
PAL presents moderate financial risk with mixed safety indicators requiring careful monitoring. **Liquidity and Solvency:** - Current ratio of 1.25 indicates adequate short-term liquidity coverage - Cash position of $10.9 million is relatively low given $95 million quarterly revenue - Debt-to-equity ratio of 0.11 shows conservative leverage - Free cash flow turned negative at -$1.0 million in Q1 2025 after positive $4.5 million for full year 2024 **Profitability Concerns:** - Company is currently unprofitable with -$8.5 million net income for 2024 - EBITDA margins are thin and volatile, ranging from negative to low single digits - Operating cash flow of $10.7 million in 2024 provides some cushion but declining trend is concerning **Valuation Metrics:** - Price-to-book ratio of 0.67 suggests potential undervaluation - EV/EBITDA of -26.7 is not meaningful due to negative EBITDA in recent quarter - Revenue multiple appears reasonable for asset-heavy transportation business **Other Considerations:** - Asset-heavy business model provides some asset backing but limits financial flexibility - Cyclical industry exposure increases earnings volatility risk - Recent corporate restructuring in 2023 adds execution uncertainty
Recent development
Based on the available financial data, Proficient Auto Logistics appears to have undergone significant corporate restructuring and strategic repositioning in recent years. The company's transformation from AH Acquisition Corp to Proficient Auto Logistics in October 2023 represents a major strategic pivot, likely involving the acquisition or merger with an existing auto transportation business. The financial trajectory shows substantial operational scaling from essentially zero revenue in 2023 to over $240 million in 2024, indicating either a major acquisition or business combination. This dramatic growth suggests the company assembled its current fleet of 1,130 vehicles through strategic transactions rather than organic expansion. Operational performance has shown mixed results following the restructuring. While the company achieved significant revenue scale in 2024, profitability has remained elusive with net losses continuing through 2024 and into 2025. EBITDA performance has been volatile, ranging from negative in recent quarters to positive in Q3 2024, suggesting ongoing operational integration challenges. The company's cash management and capital allocation patterns indicate a focus on operational efficiency improvements. Free cash flow generation has been inconsistent, turning negative in Q1 2025 after positive performance in 2024, which may reflect seasonal patterns typical in auto transportation or ongoing integration costs. Fleet optimization and capacity management appear to be key strategic priorities, as evidenced by the substantial asset base of over $500 million in total assets, primarily consisting of transportation equipment. The company's ability to achieve consistent profitability will likely depend on successfully integrating operations and optimizing asset utilization across its large fleet.
PAL company profile · for informational purposes only — not investment advice.
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