Ryder's Used Vehicle Sales Boost Earnings

Ryder Systems stock soars, surging over eighty percent in the past year, with a twenty-three percent jump last month. Their first quarter earnings beat expectations, driven by strong used vehicle sales, which offset a flat operating revenue and declines in core leasing and rental services. Analysts praise the results, with Wells Fargo raising their price target to $260. Ryder raises full-year earnings outlook, citing better contractual performance and potential for $250 million more in annual pretax earnings at the next market peak. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e5d0c3ce1c9ea7e4