Proficient Auto Logistics Stock Surges on Cash Flow Praise

Proficient Auto Logistics stock soared by nearly 30% following its third-quarter earnings call, despite ongoing profitability struggles. The companys robust free cash flow of $11.5 million, praised by analysts, finally caught investors attention. Despite consistent net losses, Proficients CFO, Bradley Wright, believes the market will recognize the companys value as depreciation and amortization levels decrease. The company aims to improve its operating ratio by at least 150 basis points in 2026.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.