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Looking back on vehicle parts distributors stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including GATX (NYSE:GATX) and its peers.
Supply chain and inventory management are themes that grew in focus after COVID wreaked havoc on the global movement of raw materials and components. Transportation parts distributors that boast reliable selection in sometimes specialized areas combined and quickly deliver products to customers can benefit from this theme. Additionally, distributors who earn meaningful revenue streams from aftermarket products can enjoy more steady top-line trends and higher margins. But like the broader industrials sector, transportation parts distributors are also at the whim of economic cycles that impact capital spending, transportation volumes, and demand for discretionary parts and components.
The 4 vehicle parts distributors stocks we track reported a very strong Q4. As a group, revenues beat analysts’ consensus estimates by 2.9%.
In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.
GATX (NYSE:GATX)
Originally founded to ship beer, GATX (NYSE:GATX) provides leasing and management services for railcars and other transportation assets globally.
GATX reported revenues of $413.5 million, up 12.2% year on year. This print exceeded analysts’ expectations by 0.9%. Overall, it was a strong quarter for the company with full-year EPS guidance exceeding analysts’ expectations and a solid beat of analysts’ EPS estimates.
The stock is up 6.5% since reporting and currently trades at $164.53.
Is now the time to buy GATX? Access our full analysis of the earnings results here, it’s free.
Best Q4: Air Lease (NYSE:AL)
Established by a founder of Century City in Los Angeles, Air Lease Corporation (NYSE:AL) provides aircraft leasing and financing solutions to airlines worldwide.
Air Lease reported revenues of $712.9 million, flat year on year, outperforming analysts’ expectations by 1.6%. The business had an exceptional quarter with an impressive beat of analysts’ EBITDA estimates and an impressive beat of analysts’ adjusted operating income estimates.
The market seems content with the results as the stock is up 2.5% since reporting. It currently trades at $47.51.
Is now the time to buy Air Lease? Access our full analysis of the earnings results here, it’s free.
Weakest Q4: Rush Enterprises (NASDAQ:RUSHA)
Headquartered in Texas, Rush Enterprises (NASDAQ:RUSH.A) provides truck-related services and solutions, including sales, leasing, parts, and maintenance for commercial vehicles.