PACCAR Inc

PCAR: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$27.00	Zjjvb	Pptpzwggj

Paccar Earnings: New Truck Sales Moderating but Replacement Demand Remains Steady

Dawit Woldemariam

Oct 25, 2023

We elected to raise our fair value estimate by 8% to $80 (from $74 previously), following third-quarter earnings. The company’s numbers came in ahead of our expectations, leading us to increase our sales and margin expectations for 2023. Paccar’s stock reacted positively to the earnings update, sending shares 4% higher in intraday trading.

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