What Happened?
Shares of freight delivery company Knight-Swift Transportation (NYSE: KNX) jumped 3.3% in the morning session after the company reported strong second-quarter 2025 earnings that surpassed analyst expectations. The transportation company announced a 45.8% jump in adjusted earnings per share (EPS) to $0.35, which beat the consensus analyst estimate of $0.34. Knight-Swift also provided an optimistic outlook, as it forecasted adjusted EPS for the third quarter to be in the range of $0.36 to $0.42. Following the strong performance, analysts at BofA Securities raised their price target on the stock to $49 from $47, while maintaining a Neutral rating. The positive report reinforced an existing "Moderate Buy" consensus rating among investment analysts, reflecting broader confidence in the company's trajectory.
After the initial pop the shares cooled down to $44.73, down 2% from previous close.
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What Is The Market Telling Us
Knight-Swift Transportation’s shares are not very volatile and have only had 7 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.
The biggest move we wrote about over the last year was 6 months ago when the stock gained 6.4% on the news that the company reported impressive fourth-quarter results, which beat analysts' EPS expectations. Its EPS guidance for next quarter also came in higher than Wall Street's estimates. On the other hand, its EBITDA missed significantly, and its revenue fell slightly short of Wall Street's estimates. The revenue shortfall was largely expected due to operating challenges from hurricanes and port strike disruptions. Overall, this was a mixed quarter. However, the market seems to be focused on the positive aspect, especially the strong earnings guidance.
Knight-Swift Transportation is down 15.2% since the beginning of the year, and at $44.73 per share, it is trading 25% below its 52-week high of $59.60 from November 2024. Investors who bought $1,000 worth of Knight-Swift Transportation’s shares 5 years ago would now be looking at an investment worth $991.57.
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