Custom Truck One Source, Inc. $CTOS reported third-quarter 2026 revenue of $495.2 million, up 2.7% from a year earlier, while gross profit rose 12.4% to $113.3 million. Operating profit increased 16.7% to $38.1 million, showing improved profitability despite modest top-line growth.
Bottom-line results were weaker, with net income attributable to common shareholders of $2.3 million and diluted earnings per share of $0.01. The company generated $163.5 million in operating cash flow, more than double the prior-year level, while spending on property, plant and equipment totaled $173.5 million.
On the balance sheet, cash and cash equivalents stood at $14.6 million, and total liabilities were $2.8 billion. The stock fell 8.5% after the close. Revenue came in below the consensus estimate of $526.8 million, while EPS was slightly above the forecast of $0.0085.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Custom Truck One Source, Inc. Hedge Fund Activity
We have seen 103 institutional investors add shares of Custom Truck One Source, Inc. stock to their portfolio, and 71 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JPMORGAN CHASE & CO added 1,587,319 shares (+inf%) to their portfolio in Q2 2026, for an estimated $18,746,237
- GOLDMAN SACHS GROUP INC added 1,361,882 shares (+264.1%) to their portfolio in Q2 2026, for an estimated $16,083,826
- ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC removed 1,221,255 shares (-31.2%) from their portfolio in Q2 2026, for an estimated $14,423,021
- ALYESKA INVESTMENT GROUP, L.P. removed 1,183,489 shares (-41.9%) from their portfolio in Q2 2026, for an estimated $13,977,005
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 1,145,481 shares (+108.4%) to their portfolio in Q2 2026, for an estimated $13,528,130
- CANVAS WEALTH ADVISORS, LLC removed 1,036,877 shares (-14.8%) from their portfolio in Q2 2026, for an estimated $12,245,517
- ALGERT GLOBAL LLC added 978,430 shares (+499.8%) to their portfolio in Q2 2026, for an estimated $11,555,258
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Custom Truck One Source, Inc. Price Targets
Multiple analysts have issued price targets for $CTOS recently. We have seen 2 analysts offer price targets for $CTOS in the last 6 months, with a median target of $12.5.
Here are some recent targets:
- Manish A. Somaiya from Cantor Fitzgerald set a target price of $13.0 on 05/26/2026
- Michael Shlisky from DA Davidson set a target price of $12.0 on 05/01/2026
