PACCAR (PCAR) And The Clean Truck Narrative Looks Fully Valued

Caterpillar recently reported quarterly sales above US$20b and a record US$72b backlog, highlighting sustained demand in heavy equipment. For investors in PACCAR (PCAR), this raises fresh questions about truck cycle strength and valuation today. See our latest analysis for PACCAR. PACCAR’s share price has moved to US$132.53, with a 30-day share price return of 6.39% and a 90-day share price return of 18.56%. The 1-year total shareholder return of 37.69% points to momentum that has been...