PACCAR Inc

PCAR: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$26.00	Qtcccrt	Vcqgnnywv

Despite Demand Normalization, Paccar Is Well Positioned for the Long Term

Matthew Young

Jun 18, 2024

Business Strategy and Outlook

We believe Paccar will remain a top-two truck manufacturer, even with the eventual shift to autonomous and electric vehicles. The company has long been known for its premium truck brands, Kenworth, Peterbilt, and DAF. Paccar’s trucks are some of the strongest performing, most durable, and fuel-efficient on the market. These factors have led to the company’s strong brand reputation among fleet owners and truck drivers.

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