Paccar (PCAR) Stock Sinks As Market Gains: Here's Why

Paccar (PCAR) closed down 1.48% to $108.04, underperforming the S&P 500's 0.6% gain. The truck maker has lost 10.53% over the past month but maintains a Zacks Rank #2 (Buy) rating. Analysts expect strong Q3 earnings of $1.61 EPS (up 43.75% YoY) and full-year revenue of $28.61 billion (up 9.05% YoY), though the stock trades at a premium valuation with a Forward P/E of 18.57 versus the industry average of 16.06.