- Spirit's Big Fail: Oversized Planes Are Breaking Low-Cost Airlines
May 13, 2026 · forbes.com
After Spirit Airlines vanished from the skies, its not-quite-sudden collapse raised questions about why the successful low-cost model, born in the U.S. airline industry, is failing.
- Toyota Q4 Earnings Miss Estimates on Tariff Hit & Cost Pressures
May 12, 2026
Toyota Motor Corporation TM reported fourth-quarter fiscal 2026 earnings of $4 per share, which missed the Zacks Consensus Estimate by 4.3% and increased from $3.39 reported in the year-ago quarter. Revenues came in at $80.29 billion, reflecting a 0.9% year-over-year decline.
The profitability was pressured by higher expenses and tariff headwinds, which weighed on operating performance even as other income swung meaningfully positive in the quarter.
Toyota had consolidated cash and cash equivalents of ¥12.66 trillion ($79.8 billion) as of March 31, 2026. Long-term debt was ¥25.64 trillion ($161.6 billion), up from ¥22.96 trillion as of March 31, 2025.
Toyota Motor Corporation Price, Consensus and EPS SurpriseToyota Motor Corporation Price, Consensus and EPS Surprise
Toyota Motor Corporation price-consensus-eps-surprise-chart | Toyota Motor Corporation Quote
TM’s Segmental Results
The Automotive segment’s net revenues for the fiscal fourth quarter increased 3.4% year over year to ¥11.24 trillion ($71.6 billion). Operating profit came in at ¥357 billion ($2.27 billion), which declined 58.8% from the year-ago period.
The Financial Services segment’s net revenues declined 10.5% from the prior-year quarter to ¥1.27 trillion ($8.09 billion). The segment registered an operating income of ¥188.4 billion ($1.20 billion), which remained flat compared to the fourth quarter of fiscal 2025.
All Other businesses’ net revenues totaled ¥483 billion ($3.07 billion) in the reported quarter, which increased 20.4% year over year. The unit generated an operating profit of ¥16.3 billion ($103.8 million), which fell 71.2% year over year.
Toyota’s FY27 Guidance
For fiscal 2027, Toyota projects total retail vehicle sales of 11.18 million units, indicating a decline from 11.28 million units sold in fiscal 2026. Fiscal 2027 sales are expected to total ¥51 trillion compared with ¥50.68 trillion recorded in fiscal 2026. Operating income is projected to be ¥3 trillion, indicating a contraction of 20.3% year over year.
Pretax profit is estimated to be ¥4.23 trillion, implying a decline from ¥5.12 trillion generated in fiscal 2026. R&D expenses are envisioned to be ¥1.6 trillion compared with ¥1.52 trillion spent in fiscal 2026. Capex is forecasted to be ¥2.3 trillion compared with ¥2.39 trillion spent in fiscal 2026.
TM currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Releases From Auto Space
Mobileye Global Inc. MBLY reported first-quarter 2026 results on April 23. It posted earnings of 12 cents per share, beating the Zacks Consensus Estimate of 8 cents by 58.52%. The bottom line rose 50% year over year, driven by higher shipments of EyeQ system-on-chip. The company posted revenues of $558 million, which beat the Zacks Consensus Estimate of $520 million by 7.36% and increased 27.4% year over year.
Operating cash flow was $75 million, reflecting the company’s ability to convert its ADAS scale into cash generation.
Mobileye also approved a share buyback program of up to $250 million. By the end of the first quarter, MBLY had $1.21 billion in cash, after spending $591 million (net of cash received) on the Mentee Robotics acquisition.
Gentex Corporation GNTX reported first-quarter 2026 results on April 24. It posted adjusted earnings of 48 cents per share, which beat the Zacks Consensus Estimate of 44 cents by 8.28%. The figure increased 11.6% from 43 cents a year ago. Net sales came in at $675 million, topping the consensus mark of $647 million by 4.36%. Revenues rose 17.1% from $577 million in the year-ago quarter, aided by contributions from VOXX and a richer mix of advanced features.
Liquidity improved during the quarter. As of March 31, 2026, GNTX’s cash and cash equivalents were $164.8 million compared with $145.6 million as of Dec. 31, 2025. Short-term investments increased to $10.3 million from $5.4 million.
PACCAR Inc. PCAR reported first-quarter 2026 results on April 28. It reported earnings of $1.15 per share, beating the Zacks Consensus Estimate of $1.13 by 1.8%. The bottom line decreased 21.2% from $1.46 in the year-ago quarter. Consolidated revenues (including trucks and financial services) were $6.78 billion, down from $7.44 billion in the corresponding quarter of 2025. The decline reflected lower industry volumes.
On the balance sheet, cash and marketable securities were $8.60 billion as of March 31, 2026, compared with $9.25 billion as of Dec. 31, 2025, while stockholders’ equity increased to $19.76 billion from $19.26 billion over the same span.
Story Continues
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- How Dividend Hike Amid Softer Sales Will Impact PACCAR (PCAR) Investors
May 9, 2026
PACCAR Inc’s Board of Directors recently approved a regular quarterly cash dividend increase from US$0.33 to US$0.35 per share, payable on June 3, 2026, to stockholders of record on May 13, 2026. At the same time, PACCAR reported mixed first-quarter 2026 results, with lower sales of US$6,234.3 million but higher net income of US$605.3 million and earnings per share of US$1.15 compared with a year earlier, highlighting improved profitability despite softer revenue. With PACCAR lifting its regular dividend while growing earnings on lower sales, we’ll examine how this shapes the truck maker’s investment narrative.
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PACCAR Investment Narrative Recap
PACCAR still appeals to investors who believe in steady truck demand, growing high margin parts and services, and disciplined capital returns. The key short term catalyst remains how well the company converts its strong market position into resilient margins if orders soften further, while the biggest risk is a deeper downturn in truck demand that pressures both revenue and pricing. The latest dividend increase and mixed Q1 2026 results do not materially change that risk reward balance in the near term.
The most directly relevant update here is PACCAR’s Q1 2026 earnings. Revenue slipped to US$6,234.3 million from US$6,913.7 million a year earlier, but net income rose to US$605.3 million and EPS to US$1.15. That combination of lower sales and higher earnings matters for the catalyst story, because it shows how much of PACCAR’s current thesis rests on maintaining margins if truck volumes stay under pressure or freight markets soften further.
Yet behind the dividend increase, investors should be aware that weaker truck orders and ongoing overcapacity could still...
Read the full narrative on PACCAR (it's free!)
PACCAR's narrative projects $32.5 billion revenue and $4.0 billion earnings by 2029. This requires 4.6% yearly revenue growth and about a $1.6 billion earnings increase from $2.4 billion today.
Uncover how PACCAR's forecasts yield a $127.96 fair value, a 12% upside to its current price.
Exploring Other PerspectivesPCAR 1-Year Stock Price Chart
Some of the lowest analysts were already cautious, assuming revenue of about US$31.1 billion and earnings of US$3.7 billion by 2029, so you should recognize that their more pessimistic view on truck cycle risk and technology adoption could shift again after this mixed quarter and dividend increase.
Explore 4 other fair value estimates on PACCAR - why the stock might be worth just $109.00!
Story Continues
Decide For Yourself
Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.
A great starting point for your PACCAR research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision. Our free PACCAR research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate PACCAR's overall financial health at a glance.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include PCAR.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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- Warren Buffett's McLane makes major bet on driverless big rigs
May 9, 2026
Warren Buffett built his fortune on a simple idea. Find sturdy businesses that print cash, leave them alone for decades, and let compound interest do the heavy lifting.
That patience is why Berkshire Hathaway (BRK.A) became the kind of holding company that owns a railroad, an insurer, a battery maker, and one of the country's largest food distributors all at once.
Buffett has long avoided the bleeding edge of technology. He skipped most of the dot-com boom and only admitted to misjudging Amazon (AMZN) years after the fact.
That habit is why his recent moves into Apple (AAPL) felt so out of character, and why Berkshire investors watch every tech pivot from Omaha closely.
So when one of his biggest operating businesses signs off on something he spent decades resisting, the decision is worth a closer look.
McLane Company, the food and supply distributor that feeds thousands of convenience stores and restaurants, will now run driverless big rigs on real freight routes.
Inside the McLane and Aurora driverless freight deal
McLane and Aurora Innovation (AUR) have run a supervised pilot between Dallas and Houston since 2023. The two companies just promoted that pilot to fully driverless commercial operations.
Buffett rarely lets his operating companies become science labs. McLane has a job to do, which is feeding thousands of restaurants and convenience stores on time.
Related: Warren Buffett's latest tech bet is paying off in a big way
The new agreement will use Aurora's self-driving system to move supplies, including perishable food, to McLane's restaurant clients across the U.S. Sun Belt by the end of the year, according to CNBC.
Aurora's tech is rated SAE Level 4, designed to drive itself without a human in a defined operating area, according to the joint announcement on Business Wire.
This is the first publicly known deployment of fully driverless long-haul trucks inside a core Berkshire Hathaway business, reported Yahoo Finance. Nothing about this rollout is a one-off science experiment.McLane's new agreement sees Aurora's self-driving system to move supplies.Photo by Weiquan Lin on Getty Images
Why the autonomous freight bet matters for Berkshire
The pilot earned its driverless promotion the boring way, by hitting deadlines.
Aurora's system met McLane's "rigorous schedule," running two round-trips daily, seven days a week between the two cities, the announcement indicated.
That track record opened the door for unsupervised hauls. Aurora plans to deploy a new fleet of trucks built by Volkswagen subsidiary International LT this quarter, with 200 trucks expected on the road by year-end, according to CNBC.
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Story Continues
For Berkshire shareholders, this rollout is more than a rounding error inside the conglomerate. McLane's parent reported $11.3 billion in operating earnings on $93.6 billion in revenue for the first quarter of 2026, Yahoo Finance confirmed, so any margin help from autonomy will eventually show up in the line long-term holders watch.
There is a stock-side reaction worth flagging, too. Aurora shares jumped more than 10% on the news, while a separate Aurora and Volvo Autonomous Solutions deal added a 200-mile route between Dallas and Oklahoma City, reported Yahoo Finance.
What driverless trucks mean for jobs and food prices
I have spent the last few years tracking how every chain restaurant pricing decision rolls back to its supply chain. McLane's freight bill sets the floor for what franchisees of Wendy's, Burger King, and a long list of convenience stores pay to keep food on the shelf. So when its hauls get cheaper, that math changes.
When I ran my own analysis against the trucking labor numbers, the picture got sharper.
A few facts worth pinning down before this story scales:
The trucking industry employed 3.58 million professional drivers in 2024, with revenues of $906 billion. A driver shortage of "roughly 60,000" hands is expected to widen to 82,000 by year-end. Trucks moved 11.27 billion tons of freight in 2024, accounting for 67% of surface trade between the U.S. and Canada.
Source: American Trucking Associations
That backdrop is why food prices have been so sticky. Every long-haul lane that gets automated is a labor cost line that quietly comes down for the distributor and, eventually, for the chain restaurants McLane serves.
The flip side is real. A driverless middle mile means fewer of those 3.58 million jobs over time, especially for long-haul drivers, who already log the highest turnover in the industry.
For consumers, the calculation is simple. Cheaper freight tends to mean steadier menu prices, especially for fast-food chains where every penny of input cost shows up in a value meal.
What I see coming next for the autonomous freight rollout
McLane is keeping local deliveries with human drivers, who handle the trickiest stops to convenience stores and restaurants, the announcement shared. Aurora's software handles the long, predictable middle mile between distribution centers.
That hybrid is the model worth watching. It tells me Berkshire is not betting on a science fiction overhaul of trucking. It is betting that the boring middle is automatable now and the messy ends are not.
PACCAR (PCAR) has asked that human observers stay in the cabs on its trucks for now, even as the unsupervised International LT fleet rolls out, reported CNBC. Translation: The industry is taking driverless seriously, but it is also walking, not sprinting.
For investors, the read-through is straightforward. Aurora is now tied to a Berkshire-owned shipper with a national footprint. For drivers, the warning is simpler. The Buffett-owned giant just signaled that the cheapest mile in trucking will not need a human in the seat much longer.
The next few quarters will tell us whether McLane's lanes stay reliable, whether Sun Belt expansion lands on time, and whether other Berkshire businesses follow the lead. If they do, the freight that feeds your kid's burger run will look very different by the time the next earnings call rolls around.
Related: Warren Buffett has message for investors on Berkshire's new CEO
This story was originally published by TheStreet on May 9, 2026, where it first appeared in the Investing section. Add TheStreet as a Preferred Source by clicking here.
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- The USMCA Review Is Coming: 3 Border-Sensitive Stocks to Watch
May 8, 2026 · marketbeat.com
Investors are understandably tired of hearing about tariffs. But the United States is approaching a deadline that, despite not getting much coverage, could have a significant impact on stocks in the second half of the year.
- Is Trending Stock PACCAR Inc. (PCAR) a Buy Now?
May 7, 2026
Paccar (PCAR) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Shares of this truck maker have returned -6.2% over the past month versus the Zacks S&P 500 composite's +11.4% change. The Zacks Automotive - Domestic industry, to which Paccar belongs, has gained 11.5% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings Estimates
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Paccar is expected to post earnings of $1.44 per share, indicating a change of +5.1% from the year-ago quarter. The Zacks Consensus Estimate has changed -8% over the last 30 days.
The consensus earnings estimate of $5.87 for the current fiscal year indicates a year-over-year change of +17.2%. This estimate has changed +1.3% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $6.81 indicates a change of +16.1% from what Paccar is expected to report a year ago. Over the past month, the estimate has changed -1.4%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Paccar is rated Zacks Rank #3 (Hold).
Story Continues
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS12-month consensus EPS estimate for PCAR
Projected Revenue Growth
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Paccar, the consensus sales estimate of $7.05 billion for the current quarter points to a year-over-year change of +1.3%. The $27.63 billion and $29.33 billion estimates for the current and next fiscal years indicate changes of +5.3% and +6.1%, respectively.
Last Reported Results and Surprise History
Paccar reported revenues of $6.23 billion in the last reported quarter, representing a year-over-year change of -9.8%. EPS of $1.15 for the same period compares with $1.46 a year ago.
Compared to the Zacks Consensus Estimate of $6.35 billion, the reported revenues represent a surprise of -1.79%. The EPS surprise was +1.77%.
Over the last four quarters, Paccar surpassed consensus EPS estimates two times. The company topped consensus revenue estimates three times over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Paccar is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Paccar. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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- Here's Why Paccar (PCAR) is a Strong Value Stock
May 7, 2026 · zacks.com
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
- Paccar sees demand recovery as build share rises in North America
May 7, 2026
This story was originally published on Trucking Dive. To receive daily news and insights, subscribe to our free daily Trucking Dive newsletter.
Dive Brief:
Paccar is seeing signs of renewed demand in the U.S. and Canada as customers respond to limited truck capacity and rising freight rates, according to its Q1 earnings report. As a result, the manufacturer of Kenworth and Peterbilt trucks increased its production market share to 31.8% in North America during the quarter, signaling a stronger Q2. Company executives forecasted Q2 margins of 13.5% — up from 13.1% in Q1 — supported by higher production volumes and competitive pricing, during an April 28 earnings call.
Dive Insight:
Like other OEMs, Paccar is taking a measured view of strong Q1 ordering activity, suggesting it may not fully reflect underlying demand. Instead, company leaders see build rates and production schedules as more reliable indicators of sustained recovery.
In Q1, the company projected the industry would produce 200,000 trucks in the U.S. and Canada this year but kept a full-year guidance intact of 230,000 to 270,000 units. CEO Preston Feight suggested on the call that there will be rapid acceleration in sales.
Executives said production is expected to increase steadily through the remainder of 2026, thanks to stronger freight markets and healthier fleet economics.
“We feel really good about the cadence throughout the year as the market and our customers get healthy, and we see accelerating sequentially,” Feight said during the call.
In addition to tightening supply, regulatory factors are also influencing buying behavior. Paccar executives said greater clarity around the cost of complying with the 2027 nitrogen oxide emissions regulations is prompting some fleets to advance purchases to avoid higher future prices.
”We anticipate continued performance improvements in the second half of the year as our customers benefit from our local-for-local manufacturing strategy, experience better operating conditions and purchase trucks in front of the coming 2027 emissions change,” Feight said.
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Paccar expects rebound in truck demand as it drops tariff surcharges
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- Is Trending Stock PACCAR Inc. (PCAR) a Buy Now?
May 7, 2026 · zacks.com
Paccar (PCAR) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
- Aurora lands McLane deal to run driverless truck routes in Texas
May 6, 2026
Image Credits:Aurora
Aurora Innovation will start hauling loads in driverless trucks for distribution giant McLane, the latest company to adopt the startup’s autonomous vehicle technology following a multi-year pilot program.
Under the commercial agreement announced Wednesday, trucks outfitted with Aurora’s self-driving system will be used to transport goods between Dallas and Houston. These trucks will operate autonomously and will not have a human safety driver on board who can take over. However, Aurora will still have what it describes as a “human observer” sitting in the cab — who does not operate the vehicle — per an agreement it has with truck manufacturer Paccar.
Aurora said it plans to expand to new routes between McLane distribution centers across the U.S. Sun Belt by the end of the year.
The companies launched a pilot program in 2023 using autonomous trucks with a human safety operator. The pilot eventually expanded to two round-trips daily between Dallas and Houston.
McLane recently approved moving to driverless operations, which now run seven days a week between the two Texas cities.
The companies are taking a novel approach to this route, using Aurora’s driverless tech for the long-haul portion of the trip before handing it over to a McLane truck driver who makes local deliveries to customers like fast food restaurants. Aurora said this handoff occurs at the company’s Dallas and Houston terminals located right off the freeway.
The commercial contract is the latest win for Aurora as it tries to transition from a developer of autonomous trucks to a commercial operator earning money on its driverless routes. And it comes a year after the company launched its commercial self-driving truck service in Texas. Since then, Aurora has landed a commercial agreement to haul frac sand for Detmar Logistics. Last month, Hirschbach Motor Lines agreed to buy 500 Aurora-powered trucks; that agreement, which is outlined in a memorandum of understanding, is expected to close later this year.
Today, the company operates driverless trucks — some with a human observer still in the cab — on routes between Dallas and Houston, Fort Worth and El Paso, El Paso and Phoenix, Fort Worth and Phoenix, and Laredo and Dallas.
Aurora reports its first-quarter earnings Wednesday after the markets close.
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