In its second-quarter 2026 investor letter, Palm Valley Capital Management highlighted Heartland Express, Inc. (NASDAQ:HTLD).
Heartland Express, Inc. (NASDAQ:HTLD) is a trucking company that provides short-to-medium and long-haul truckload carrier and transportation services
On July 7, 2026, Heartland Express, Inc. (NASDAQ:HTLD) closed at $14.89 per share, reflecting a market capitalization of $1.15 billion. Heartland Express, Inc. (NASDAQ:HTLD) posted a one-month return of -5.64%, while its shares gained 59.42% over the past 52 weeks. Palm Valley Capital Management stated the following regarding Heartland Express, Inc. (NASDAQ:HTLD) in its Q2 2026 investor letter: “We sold our position in Heartland Express, Inc. (NASDAQ:HTLD) during the quarter.
The stock rallied to our valuation in anticipation of a trucking industry recovery. The freight cycle has experienced a prolonged bottoming, yet Heartland’s shares have priced in significantly improved fundamentals already. We sold Heartland in April but observed with interest a June Wall Street Journal article discussing PepsiCo’s use of driverless box trucks in Arizona to transport Frito-Lay and Doritos relatively short distances from distribution centers to retail stores like Walmart.