With a market cap of $56.6 billion, PACCAR Inc. (PCAR) is a leading manufacturer of heavy-duty trucks, diesel engines, and powertrain components. Based in Bellevue, Washington, it operates globally, distributing trucks under the Kenworth, Peterbilt, and DAF nameplates while providing aftermarket parts and financial services to its customers and dealers.
Shares of the truck maker have significantly outperformed the broader market over the past 52 weeks. PCAR has gained around 49% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 25.4%. However, in 2024, shares of PCAR are up 8.9%, slightly lagging behind SPX's 10.6% gains on a YTD basis.
