J.B. Hunt Q2: Hauling Record Shareholder Returns

J.B. Hunt reported Q2 results that exceeded expectations on both the top and bottom lines. The company also reported record quarterly volumes in its Intermodal business. Shares were already trading at highs prior to the release, and the stock is set to reach new all-time highs. At over 30x forward earnings, I view JBHT as richly priced and see shares as a ‘hold.’.

J.B. Hunt (JBHT) has been hauling much more than goods as of late. The freight and logistics company has been delivering record shareholder returns over the past year, and it looks like the good times are continuing.