RXO, INC.
In the published model solve dated 2026-Q2, anchored at $21.36, RXO, INC. (RXO) is priced for today's economics sustained for ~14.9 years. 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 28, 2026 from SEC EDGAR filings.
• RXO is an asset-light freight broker that matches shippers with independent truckers through its own digital platform, so it owns no trucks and earns a spread that swells and shrinks with the freight cycle. • The company is at the trough: Q1 2026 produced a GAAP net loss of $36 million and just $6 million of adjusted EBITDA, with brokerage volume down 8% year over year [Source: RXO Q1 2026 earnings release, May 2026]. • The watch item is the Coyote Logistics integration, running ahead of sched
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261 institutional managers reported holding RXO in 13F filings for the quarter ended 2026-03-31. 43 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 13.6M shares were sold short as of the 2026-06-15 count, about 8% of shares outstanding (6.2 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.
RXO's share count grew 47% over the past five years even with $2.00M spent on repurchases. It pays no dividend.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at RXO over the trailing three years: 2023: 11 buys totaling $6.99M; 2024: 18 buys totaling $294.33M; 2025: 7 buys totaling $840k; 2026: 1 buy totaling $6.39M. 12 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.
RXO's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-03 | -10.4% | -4.5% |
| 2023-11-08 | -5.1% | +29.7% |
| 2024-02-14 | -9.7% | -11.9% |
| 2024-05-08 | +6.6% | +29.4% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
RXO's latest 8-K filings: 2026-10-05 (items 1.01, 8.01, 9.01); 2026-09-09 (items 7.01, 9.01); 2026-08-06 (items 2.02, 7.01, 9.01); 2026-05-13 (items 5.07); 2026-05-07 (items 2.02, 7.01, 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 28, 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.