PCAR - Paccar: Strong Visibility Through H2 2024 With Improving Unit Economics
2024-01-26 00:18:57 ET
Summary
- PCAR is undervalued and has a strong demand outlook, with visibility through 2H24.
- PCAR's 4Q23 show higher-than-expected earnings and improved gross margins.
- The unit economics of PCAR are trending positively, suggesting better profitability in future cycles.