Why Is CUSTOM TRUCK ONE SOU (CTOS) Stock Moving Today?

Why CTOS stock is up today

Custom Truck One Source (CTOS) rose 11.69% to $11.85 in early trading on August 3, 2026, following the company’s announcement of record second-quarter results and an upward revision to its full-year 2026 guidance. The stock opened with a 9.7% gap up from the prior close and reached an intraday high of $12.23, the same level as its 52-week peak. The move reflects improved financial performance and optimism around the company’s outlook.

What Happened

Custom Truck One Source reported Q2 2026 revenue of $563.4 million, surpassing the estimated $509.78 million. The company also posted a net income of $10.4 million, a dramatic turnaround from a $28.4 million loss in the prior period. Based on these results, the company raised its full-year 2026 revenue guidance to a range of $2.1 billion to $2.2 billion and adjusted EBITDA guidance to $437.5 million to $455 million. These updates were disclosed in a Form 8-K filing under Items 2.02 and 7.01. The stock’s strong opening was further supported by analyst activity, including Baird and Cantor Fitzgerald, which raised their price targets to $12 and $13 respectively.

What The Data Shows

The stock’s intraday session showed a sharp opening gap up, with a high of $12.23 immediately after the market opened. Volume was light at 0.1 million shares, or 0.1 times the 3-month average. The stock is currently trading within its 52-week range of $5.18 to $12.23. Despite the recent gains, the company remains unprofitable with a trailing twelve-month net margin of -0.9% and an EPS of -0.08. Revenue growth remains positive at 9.4% TTM, and the stock has a beta of 1.35, indicating higher volatility than the broader market.

What To Watch

Investors should continue to monitor the company’s full-year guidance as it moves forward. With a revised revenue target and improved earnings, the next key event will be the company’s third-quarter results, which will provide further insight into the sustainability of its recent performance.