Is PACCAR Stock Outperforming the S&P 500?

PACCAR Inc (PCAR), a global manufacturer and distributor of commercial trucks, is currently trading at $65.6 billion in market capitalization. The company offers a range of products under the Kenworth, Peterbilt, and DAF brands and provides aftermarket parts and financing services. PACCAR holds a large-cap stock status, with shares trading 10.4% below their 52-week high.

Despite this, PACCAR's shares have risen 5.6% over the past three months, outpacing the S&P 500 Index's 1.8% gain. The company's stock has also increased 13.9% on a year-to-date basis, surpassing the S&P 500's 12.8% return. Additionally, PACCAR has grown 27% over the past 52 weeks, outpacing the S&P 500's 18.7% gain. The truck maker's stock has remained above its 50-day and 200-day moving averages since late November 2025.

PACCAR's stock saw a 3.6% increase on July 28, following a strong Q2 2026 earnings report, with better-than-expected earnings per share (EPS) of $1.43 and revenue of $7.55 billion. The company's growth was attributed to strong customer orders, demand for fuel-efficient and premium heavy-duty trucks, and higher margins in its parts business.

However, PCAR's stock has underperformed its rival, Caterpillar Inc. (CAT), which has surged 42.1% YTD and 93.7% over the past 52 weeks. Despite the outperformance relative to the S&P 500, analysts remain cautiously optimistic on PCAR, with a moderate buy consensus rating from 17 covering analysts and a mean price target of $142.60, which represents a 14.4% premium to current levels.