Aug. 13 at 12:16 AM
Proficient Auto Logistics shares rose to
$5.38 as investors continued to price in the impact of its
$130 million acquisition of Hansen & Adkins, which is expected to make the combined company North America’s largest finished-vehicle logistics provider. Closing is expected by mid-August.
Stifel maintained its Buy rating and raised its price target to
$12, citing the deal’s strategic value and PAL’s 2026 second-half revenue guidance of
$350–
$370 million. The combined company is expected to transport more than 4 million vehicles annually, representing roughly 25% of the new-car market. A
$75 million convertible-note offering is expected to fund the transaction.
Broader markets also benefited from July CPI showing 3.4% annual inflation, in line with expectations, supporting risk appetite. The acquisition, higher price target and favorable macro backdrop boosted PAL, although the stock remains well below its 52-week high of
$10.97.
$PAL