Proficient Auto Logistics Reports First Quarter 2024 Financial Results
Proficient Auto Logistics, Inc. (PAL)
Company Research
Source: Business Wire
JACKSONVILLE, Fla.--(BUSINESS WIRE)--Proficient Auto Logistics, Inc. (NASDAQ: PAL) today reported the financial results for the three months ended March 31, 2024 for Proficient Auto Logistics, Inc. (“Proficient”), Proficient Auto Transport, Inc. (“Proficient Transport”) and for the five Founding Companies (as defined below) on a combined basis.On May 13, 2024, Proficient completed the initial public offering (the “IPO”) of its common stock. Prior to the IPO, Proficient had entered into agreements to acquire in multiple, separate acquisitions (the “Combinations”) five operating businesses and their respective affiliated entities, as applicable, operating under the following names: (i) Delta Auto Transport, Inc. (“Delta”), (ii) Deluxe Auto Carriers, Inc. (“Deluxe”), (iii) Sierra Mountain Group, Inc. (“Sierra”), (iv) Proficient Transport, and (v) Tribeca Automotive Inc. (“Tribeca” and, together with Delta, Deluxe, Sierra, and Proficient Transport, the “Founding Companies”). On May 13
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- Proficient Auto Logistics, Inc. (NASDAQ: PAL) had its price target lowered by analysts at Stifel Nicolaus from $22.00 to $21.00. They now have a "buy" rating on the stock.MarketBeat
- Proficient Auto Logistics, Inc. (NASDAQ: PAL) had its "outperform" rating re-affirmed by analysts at Barrington Research. They now have a $22.00 price target on the stock.MarketBeat
- Proficient Auto Logistics, Inc. (NASDAQ: PAL) had its price target raised by analysts at Raymond James from $18.00 to $21.00. They now have an "outperform" rating on the stock.MarketBeat
- Proficient Auto Logistics Reports Second Quarter 2024 Financial ResultsBusiness Wire
- Proficient Auto Logistics Announces Timing of Second Quarter 2024 Earnings ReleaseBusiness Wire