Knight-Swift Transportation Holdings Inc.
In the published model solve dated 2026-Q2, anchored at $68.94, Knight-Swift Transportation Holdings Inc. (KNX) is priced for +14.3% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
Knight-Swift is the largest US truckload carrier with a growing less-than-truckload network, and it is being valued through a deep freight recession: trailing operating margin near 2.4% and return on equity near 0.5% are cyclical troughs, not the steady state. At $74.16 the price pays about 22x company-wide mid-cycle operating income, implying roughly 18% annual operating growth for five years. That is a bet on a freight-cycle recovery, and management guides 2026 adjusted EPS to $0.45 to $0.49
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487 institutional managers reported holding KNX in 13F filings for the quarter ended 2026-03-31. 92 opened new positions that quarter. Held by BlackRock, Vanguard Group, FMR (Fidelity), among others. On the short side, 9.5M shares were sold short as of the 2026-06-15 count, about 6% of shares outstanding (2.2 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
KNX has cut its share count 1.9% over the past five years, spending $303.45M on repurchases. It pays a dividend, and has for 10 years running, raised 6 years straight; the current rate is $0.72 a share annually. Cash returned over the past three years: $299.49M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at KNX over the trailing three years: 2025: 1 buy totaling $227k. 23 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
KNX's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-03 | -0.1% | -19.6% |
| 2023-11-02 | -2.8% | +13.1% |
| 2024-02-23 | +2.6% | -19.5% |
| 2024-05-02 | +1.8% | +6.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
KNX's latest 8-K filings: 2026-07-22 (items 2.02, 9.01); 2026-06-04 (items 5.02, 7.01, 9.01); 2026-05-13 (items 5.07, 8.01, 9.01); 2026-05-08 (items 1.01, 2.03, 3.02, 8.01, 9.01); 2026-04-22 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.