Switch to:
Also traded in: Argentina, Germany

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash to Debt No Debt
PCAR's Cash to Debt is ranked higher than
96% of the 24 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 0.27 vs. PCAR: No Debt )
Ranked among companies with meaningful Cash to Debt only.
PCAR' s Cash to Debt Range Over the Past 10 Years
Min: 0.09  Med: 0.35 Max: 0.47
Current: No Debt
0.09
0.47
Equity to Asset 0.30
PCAR's Equity to Asset is ranked lower than
63% of the 24 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 0.44 vs. PCAR: 0.30 )
Ranked among companies with meaningful Equity to Asset only.
PCAR' s Equity to Asset Range Over the Past 10 Years
Min: 0.26  Med: 0.30 Max: 0.38
Current: 0.3
0.26
0.38
Interest Coverage 9.19
PCAR's Interest Coverage is ranked lower than
56% of the 18 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 9.69 vs. PCAR: 9.19 )
Ranked among companies with meaningful Interest Coverage only.
PCAR' s Interest Coverage Range Over the Past 10 Years
Min: 1.67  Med: 6.94 Max: 18.77
Current: 9.19
1.67
18.77
F-Score: 8
Z-Score: 3.18
M-Score: -2.57
WACC vs ROIC
7.80%
21.39%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 13.69
PCAR's Operating margin (%) is ranked higher than
92% of the 24 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 6.48 vs. PCAR: 13.69 )
Ranked among companies with meaningful Operating margin (%) only.
PCAR' s Operating margin (%) Range Over the Past 10 Years
Min: 6.04  Med: 10.96 Max: 16.42
Current: 13.69
6.04
16.42
Net-margin (%) 3.40
PCAR's Net-margin (%) is ranked lower than
58% of the 24 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 4.26 vs. PCAR: 3.40 )
Ranked among companies with meaningful Net-margin (%) only.
PCAR' s Net-margin (%) Range Over the Past 10 Years
Min: 1.38  Med: 6.82 Max: 9.09
Current: 3.4
1.38
9.09
ROE (%) 9.12
PCAR's ROE (%) is ranked higher than
57% of the 23 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 8.50 vs. PCAR: 9.12 )
Ranked among companies with meaningful ROE (%) only.
PCAR' s ROE (%) Range Over the Past 10 Years
Min: 2.25  Med: 20.07 Max: 35.8
Current: 9.12
2.25
35.8
ROA (%) 2.98
PCAR's ROA (%) is ranked lower than
58% of the 24 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 3.40 vs. PCAR: 2.98 )
Ranked among companies with meaningful ROA (%) only.
PCAR' s ROA (%) Range Over the Past 10 Years
Min: 0.73  Med: 6.39 Max: 10.03
Current: 2.98
0.73
10.03
ROC (Joel Greenblatt) (%) 21.28
PCAR's ROC (Joel Greenblatt) (%) is ranked higher than
71% of the 24 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 16.63 vs. PCAR: 21.28 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
PCAR' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: 4.39  Med: 16.07 Max: 29.73
Current: 21.28
4.39
29.73
Revenue Growth (3Y)(%) 3.90
PCAR's Revenue Growth (3Y)(%) is ranked higher than
61% of the 23 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 0.90 vs. PCAR: 3.90 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
PCAR' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -20.2  Med: 5.90 Max: 29.3
Current: 3.9
-20.2
29.3
EBITDA Growth (3Y)(%) 10.70
PCAR's EBITDA Growth (3Y)(%) is ranked higher than
63% of the 19 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 6.90 vs. PCAR: 10.70 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
PCAR' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -28.7  Med: 10.70 Max: 40.1
Current: 10.7
-28.7
40.1
EPS Growth (3Y)(%) 13.00
PCAR's EPS Growth (3Y)(%) is ranked higher than
67% of the 21 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 4.90 vs. PCAR: 13.00 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
PCAR' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -57.4  Med: 10.10 Max: 116.7
Current: 13
-57.4
116.7
» PCAR's 10-Y Financials

Financials (Next Earnings Date: Est. 2016-07-28)


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2015

PCAR Guru Trades in Q1 2015

Jim Simons 419,678 sh (New)
Paul Tudor Jones 31,333 sh (+170.11%)
Joel Greenblatt 238,173 sh (+41.13%)
Ray Dalio 71,052 sh (+32.18%)
HOTCHKIS & WILEY 3,013,385 sh (+1.27%)
Mario Gabelli 121,882 sh (-2.57%)
NWQ Managers 1,415,524 sh (-3.48%)
Pioneer Investments 706,389 sh (-7.24%)
Chris Davis 5,338,105 sh (-33.33%)
» More
Q2 2015

PCAR Guru Trades in Q2 2015

Steven Cohen 116,000 sh (New)
David Dreman 10,307 sh (New)
Joel Greenblatt 622,698 sh (+161.45%)
Mario Gabelli 121,662 sh (-0.18%)
Pioneer Investments 699,423 sh (-0.99%)
HOTCHKIS & WILEY 2,976,604 sh (-1.22%)
Chris Davis 5,253,148 sh (-1.59%)
NWQ Managers 1,189,962 sh (-15.93%)
Paul Tudor Jones 12,000 sh (-61.70%)
Ray Dalio 23,495 sh (-66.93%)
Jim Simons 42,278 sh (-89.93%)
» More
Q3 2015

PCAR Guru Trades in Q3 2015

Tom Gayner 65,000 sh (New)
Scott Black 141,135 sh (New)
Jim Simons 401,278 sh (+849.14%)
Ray Dalio 177,395 sh (+655.03%)
Paul Tudor Jones 23,200 sh (+93.33%)
Steven Cohen 200,125 sh (+72.52%)
Joel Greenblatt 943,016 sh (+51.44%)
David Dreman 13,468 sh (+30.67%)
Pioneer Investments 699,415 sh (unchged)
HOTCHKIS & WILEY 2,959,621 sh (-0.57%)
NWQ Managers 1,148,644 sh (-3.47%)
Mario Gabelli 108,487 sh (-10.83%)
Chris Davis 4,494,867 sh (-14.43%)
» More
Q4 2015

PCAR Guru Trades in Q4 2015

John Hussman 3,000 sh (New)
Tom Gayner 117,500 sh (+80.77%)
Jim Simons 684,878 sh (+70.67%)
Mario Gabelli 112,187 sh (+3.41%)
David Dreman Sold Out
Steven Cohen Sold Out
HOTCHKIS & WILEY 2,929,054 sh (-1.03%)
NWQ Managers 1,113,290 sh (-3.08%)
Joel Greenblatt 901,320 sh (-4.42%)
Chris Davis 3,856,387 sh (-14.20%)
Pioneer Investments 569,674 sh (-18.55%)
Ray Dalio 118,189 sh (-33.38%)
Paul Tudor Jones 8,700 sh (-62.50%)
Scott Black 14,983 sh (-89.38%)
» More
» Details

Insider Trades

Latest Guru Trades with PCAR

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

No Entry found in the selected group of Gurus. You can
  • 1. Modify your Personalized List of Gurus, or
  • 2. Click on Premium Premium Tools above to check out all the Gurus, or
  • 3. Click on Premium Plus Premium Plus above for the stocks picks of all the institutional investment advisors (>4000)
» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Guru Investment Theses on PACCAR Inc

Chris Davis Comments on Paccar - Jun 24, 2014

Paccar (PCAR) is an example of an out-of-the-spotlight holding in the Portfolio. Although not a household name, this more than 100-year-old company is the largest manufacturer of trucks in North America and also has a substantial and growing global presence. Paccar’s brands, including Kenworth and Peterbilt in the United States and DAF in Europe, have earned a reputation for high quality and longevity. Financially strong and resilient, the company regularly buys back shares and has paid a dividend every year since 1941. Management’s interests are aligned with shareholders’ as Paccar’s founding family owns nearly 30% of the company.



From Chris Davis' Davis New York Venture Fund First Quarter 2014 Update.



Check out Chris Davis latest stock trades

Top Ranked Articles about PACCAR Inc

Chris Davis' Stocks Trading Below the Peter Lynch Value Apple's margin of safety is 48%; Twenty-First Century Fox is 17%
Chris Davis (Trades, Portfolio) is the portfolio manager of Davis Financial Fund, an independent, employee-owned investment management firm founded in 1969. Davis Advisors manages more than $60 billion across several different asset classes. Read more...
Among Tom Gayner's Largest New Buys, Several Trading Below Earnings Line The Markel Corp. CIO found opportunities in several undervalued stocks
Executive Vice President and CIO of Markel Corp. (NYSE:MKLTom Gayner (Trades, Portfolio) is known for his patience and common sense. Profiled by Jason Zweig in The Wall Street Journal in May, Zweig wrote that Gayner doesn’t hold analyst days or provide guidance on future earnings, which attracts investors who are in for the long term. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 33.35
PCAR's P/E(ttm) is ranked lower than
75% of the 20 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 17.33 vs. PCAR: 33.35 )
Ranked among companies with meaningful P/E(ttm) only.
PCAR' s P/E(ttm) Range Over the Past 10 Years
Min: 7.31  Med: 15.06 Max: 125.2
Current: 33.35
7.31
125.2
Forward P/E 15.31
PCAR's Forward P/E is ranked lower than
80% of the 10 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 13.77 vs. PCAR: 15.31 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 33.35
PCAR's PE(NRI) is ranked lower than
75% of the 20 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 17.33 vs. PCAR: 33.35 )
Ranked among companies with meaningful PE(NRI) only.
PCAR' s PE(NRI) Range Over the Past 10 Years
Min: 7.3  Med: 15.08 Max: 123.58
Current: 33.35
7.3
123.58
Price/Owner Earnings (ttm) 18.64
PCAR's Price/Owner Earnings (ttm) is ranked lower than
54% of the 13 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 17.51 vs. PCAR: 18.64 )
Ranked among companies with meaningful Price/Owner Earnings (ttm) only.
PCAR' s Price/Owner Earnings (ttm) Range Over the Past 10 Years
Min: 12.63  Med: 22.53 Max: 240.7
Current: 18.64
12.63
240.7
P/B 3.26
PCAR's P/B is ranked lower than
83% of the 23 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 1.91 vs. PCAR: 3.26 )
Ranked among companies with meaningful P/B only.
PCAR' s P/B Range Over the Past 10 Years
Min: 1.58  Med: 3.05 Max: 6.38
Current: 3.26
1.58
6.38
P/S 1.10
PCAR's P/S is ranked lower than
75% of the 24 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 0.62 vs. PCAR: 1.10 )
Ranked among companies with meaningful P/S only.
PCAR' s P/S Range Over the Past 10 Years
Min: 0.54  Med: 1.11 Max: 2.13
Current: 1.1
0.54
2.13
PFCF 25.13
PCAR's PFCF is ranked lower than
58% of the 12 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 21.13 vs. PCAR: 25.13 )
Ranked among companies with meaningful PFCF only.
PCAR' s PFCF Range Over the Past 10 Years
Min: 18.07  Med: 30.83 Max: 974.55
Current: 25.13
18.07
974.55
POCF 8.15
PCAR's POCF is ranked higher than
53% of the 15 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 8.20 vs. PCAR: 8.15 )
Ranked among companies with meaningful POCF only.
PCAR' s POCF Range Over the Past 10 Years
Min: 5.51  Med: 10.07 Max: 14.55
Current: 8.15
5.51
14.55
EV-to-EBIT 10.45
PCAR's EV-to-EBIT is ranked higher than
59% of the 22 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 13.33 vs. PCAR: 10.45 )
Ranked among companies with meaningful EV-to-EBIT only.
PCAR' s EV-to-EBIT Range Over the Past 10 Years
Min: 6.9  Med: 11.20 Max: 44.4
Current: 10.45
6.9
44.4
EV-to-EBITDA 7.66
PCAR's EV-to-EBITDA is ranked higher than
55% of the 22 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 7.99 vs. PCAR: 7.66 )
Ranked among companies with meaningful EV-to-EBITDA only.
PCAR' s EV-to-EBITDA Range Over the Past 10 Years
Min: 5.3  Med: 8.50 Max: 18.6
Current: 7.66
5.3
18.6
PEG 0.83
PCAR's PEG is ranked higher than
67% of the 6 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 1.04 vs. PCAR: 0.83 )
Ranked among companies with meaningful PEG only.
PCAR' s PEG Range Over the Past 10 Years
Min: 0.21  Med: 0.70 Max: 179.73
Current: 0.83
0.21
179.73
Shiller P/E 18.88
PCAR's Shiller P/E is ranked lower than
55% of the 11 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 18.23 vs. PCAR: 18.88 )
Ranked among companies with meaningful Shiller P/E only.
PCAR' s Shiller P/E Range Over the Past 10 Years
Min: 9.53  Med: 20.08 Max: 31.95
Current: 18.88
9.53
31.95
Current Ratio 2.57
PCAR's Current Ratio is ranked higher than
83% of the 24 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 1.59 vs. PCAR: 2.57 )
Ranked among companies with meaningful Current Ratio only.
PCAR' s Current Ratio Range Over the Past 10 Years
Min: 1.74  Med: 2.00 Max: 4.12
Current: 2.57
1.74
4.12
Quick Ratio 2.43
PCAR's Quick Ratio is ranked higher than
87% of the 24 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 1.08 vs. PCAR: 2.43 )
Ranked among companies with meaningful Quick Ratio only.
PCAR' s Quick Ratio Range Over the Past 10 Years
Min: 1.58  Med: 1.92 Max: 3.9
Current: 2.43
1.58
3.9
Days Inventory 21.08
PCAR's Days Inventory is ranked higher than
96% of the 24 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 72.00 vs. PCAR: 21.08 )
Ranked among companies with meaningful Days Inventory only.
PCAR' s Days Inventory Range Over the Past 10 Years
Min: 16.65  Med: 20.37 Max: 36.32
Current: 21.08
16.65
36.32
Days Sales Outstanding 20.94
PCAR's Days Sales Outstanding is ranked higher than
91% of the 22 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 50.57 vs. PCAR: 20.94 )
Ranked among companies with meaningful Days Sales Outstanding only.
PCAR' s Days Sales Outstanding Range Over the Past 10 Years
Min: 183.84  Med: 206.91 Max: 318.32
Current: 20.94
183.84
318.32
Days Payable 127.87
PCAR's Days Payable is ranked higher than
86% of the 21 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 67.38 vs. PCAR: 127.87 )
Ranked among companies with meaningful Days Payable only.
PCAR' s Days Payable Range Over the Past 10 Years
Min: 21.99  Med: 28.80 Max: 40.73
Current: 127.87
21.99
40.73

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.60
PCAR's Dividend Yield is ranked lower than
94% of the 31 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 3.23 vs. PCAR: 1.60 )
Ranked among companies with meaningful Dividend Yield only.
PCAR' s Dividend Yield Range Over the Past 10 Years
Min: 0.65  Med: 1.36 Max: 3.42
Current: 1.6
0.65
3.42
Dividend Payout 0.20
PCAR's Dividend Payout is ranked higher than
83% of the 18 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 0.30 vs. PCAR: 0.20 )
Ranked among companies with meaningful Dividend Payout only.
PCAR' s Dividend Payout Range Over the Past 10 Years
Min: 0.11  Med: 0.21 Max: 1.76
Current: 0.2
0.11
1.76
Dividend Growth (3y) 5.70
PCAR's Dividend Growth (3y) is ranked lower than
60% of the 10 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 6.90 vs. PCAR: 5.70 )
Ranked among companies with meaningful Dividend Growth (3y) only.
PCAR' s Dividend Growth (3y) Range Over the Past 10 Years
Min: -15.5  Med: 14.50 Max: 27.6
Current: 5.7
-15.5
27.6
Forward Dividend Yield 1.63
PCAR's Forward Dividend Yield is ranked lower than
81% of the 32 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 3.25 vs. PCAR: 1.63 )
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield on cost (5-Year) 3.46
PCAR's Yield on cost (5-Year) is ranked higher than
62% of the 32 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 3.40 vs. PCAR: 3.46 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
PCAR' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 1.41  Med: 2.94 Max: 7.4
Current: 3.46
1.41
7.4

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 3.25
PCAR's Price/Tangible Book is ranked lower than
64% of the 22 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 2.27 vs. PCAR: 3.25 )
Ranked among companies with meaningful Price/Tangible Book only.
PCAR' s Price/Tangible Book Range Over the Past 10 Years
Min: 1.64  Med: 2.66 Max: 4
Current: 3.25
1.64
4
Price/Projected FCF 1.88
PCAR's Price/Projected FCF is ranked lower than
58% of the 12 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 1.80 vs. PCAR: 1.88 )
Ranked among companies with meaningful Price/Projected FCF only.
PCAR' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.67  Med: 1.67 Max: 2.76
Current: 1.88
0.67
2.76
Price/Median PS Value 0.98
PCAR's Price/Median PS Value is ranked higher than
70% of the 20 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 1.20 vs. PCAR: 0.98 )
Ranked among companies with meaningful Price/Median PS Value only.
PCAR' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.35  Med: 0.79 Max: 1.84
Current: 0.98
0.35
1.84
Price/Peter Lynch Fair Value 0.88
PCAR's Price/Peter Lynch Fair Value is ranked lower than
100% of the 3 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 0.31 vs. PCAR: 0.88 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
PCAR' s Price/Peter Lynch Fair Value Range Over the Past 10 Years
Min: 0.29  Med: 0.69 Max: 4.68
Current: 0.88
0.29
4.68
Price/Graham Number 2.19
PCAR's Price/Graham Number is ranked lower than
55% of the 20 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 1.30 vs. PCAR: 2.19 )
Ranked among companies with meaningful Price/Graham Number only.
PCAR' s Price/Graham Number Range Over the Past 10 Years
Min: 0.66  Med: 1.26 Max: 3.69
Current: 2.19
0.66
3.69
Earnings Yield (Greenblatt) (%) 9.56
PCAR's Earnings Yield (Greenblatt) (%) is ranked higher than
62% of the 24 Companies
in the Global Truck Manufacturing industry.

( Industry Median: 7.50 vs. PCAR: 9.56 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
PCAR' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 2.3  Med: 8.90 Max: 14.6
Current: 9.56
2.3
14.6
Forward Rate of Return (Yacktman) (%) 16.33
PCAR's Forward Rate of Return (Yacktman) (%) is ranked higher than
71% of the 17 Companies
in the Global Truck Manufacturing industry.

( Industry Median: -3.11 vs. PCAR: 16.33 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
PCAR' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -15.4  Med: 18.40 Max: 48.4
Current: 16.33
-15.4
48.4

More Statistics

Revenue(Mil) $18582
EPS $ 1.76
Beta1.16
Short Percentage of Float5.10%
52-Week Range $43.46 - 67.17
Shares Outstanding(Mil)351.50

Analyst Estimate

Dec16 Dec17 Dec18
Revenue(Mil) 16,510 16,565 17,868
EPS($) 3.87 3.85 4.25
EPS without NRI($) 3.87 3.85 4.25

Business Description

Industry: Truck Manufacturing » Truck Manufacturing
Compare:OSTO:VOLV A » details
Traded in other countries:PCAR.Argentina, PAE.Germany,
PACCAR Inc was incorporated under the laws of Delaware on September 19, 1971, is the successor to Pacific Car and Foundry Company which was incorporated in Washington in 1924. The Company has two industry segments: design, manufacture and distribution of light-, medium- and heavy-duty trucks and related aftermarket parts; and finance and leasing products and services provided to customers and dealers. The Company and its subsidiaries design and manufacture heavy-duty diesel trucks which are marketed under the Kenworth, Peterbilt and DAF nameplates. These trucks, which are built in three plants in the United States, three in Europe and one each in Australia, Canada and Mexico, are used for over-the-road and off-highway hauling of freight, petroleum, wood products, construction and other materials. The Company's subsidiary PACCAR Financial Services (PFS) operates in 23 countries principally in North America, Europe, South America and Australia through wholly owned finance companies operating under the PACCAR Financial trade name. PFS provides inventory financing for independent dealers selling PACCAR products, and retail loan and lease financing for new and used trucks and other transportation equipment sold mainly by its independent dealers. Receivables are secured by the products financed or leased. The terms of loan and lease contracts vary with the type and usage of equipment but generally range from three to five years. Payment is required on dealer inventory financing when the floored truck is sold to a customer or upon maturity of the flooring loan whichever comes first. Dealer inventory loans generally mature within one to two years. PFS also conducts full service leasing operations through wholly owned subsidiaries in North America and Germany under the PacLease trade name. Selected dealers in North America are franchised to provide full service leasing. PFS provides its franchisees equipment financing and administrative support. PFS also operates full service lease outlets on its own behalf. PFS funds its financing activities through commercial paper, bank loans and by issuing medium-term debt through public debt markets. PFS attempts to match the maturity and interest rate characteristics of its debt with the maturity and interest rate characteristics of loans and leases. PFS incurs credit losses when customers are unable to pay the full amounts due under loan and finance lease contracts. The Company's Financial Services segment competes with banks, other commercial finance companies and financial services firms. As a manufacturer of highway trucks, the Company is subject to the National Traffic and Motor Vehicle Safety Act and Federal Motor Vehicle Safety Standards promulgated by the National Highway Traffic Safety Administration as well as environmental laws and regulations in the United States, and is subject to similar regulations in Canada, Mexico, Australia and Europe.
» More Articles for PCAR

Headlines

Articles On GuruFocus.com
Guru Stocks With Low PS Ratio, Wide Margin of Safety Mar 23 2016 
Viacom, AutoNation Among Undervalued Guru Stocks Mar 09 2016 
Graham-Dodd Guru Scott Black Buys Boston Properties, Whirlpool, 3 More Nov 18 2015 
Chris Davis' Stocks Trading Below the Peter Lynch Value Nov 18 2015 
Among Tom Gayner's Largest New Buys, Several Trading Below Earnings Line Nov 12 2015 
The Best Companies of the Auto Industry Oct 29 2015 
PACCAR: A Decent Pick In The Automotive Sector Jun 18 2015 
RS Investment Management increases its position in Navistar May 28 2015 
Hotchkis & Wiley Keeps Buying Navistar May 22 2015 
7 Top Stocks to Hold Onto May 04 2015 

More From Other Websites
ETF’s with exposure to PACCAR, Inc. : May 2, 2016 May 02 2016
PACCAR INC Files SEC form 8-K, Change in Directors or Principal Officers, Amendments to Articles of... Apr 29 2016
PACCAR, Inc. :PCAR-US: Earnings Analysis: Q1, 2016 By the Numbers Apr 29 2016
How Did PACCAR Perform in 1Q16? Apr 28 2016
PACCAR Declares Quarterly Cash Dividend Apr 27 2016
PACCAR (PCAR) Stock Price Target Increased at BMO Capital Apr 27 2016
PACCAR upgraded by Robert W. Baird Apr 27 2016
PACCAR Declares Quarterly Cash Dividend Apr 26 2016
PACCAR (PCAR) Stock Advances, Q1 Earnings Beat Estimates Apr 26 2016
Edited Transcript of PCAR earnings conference call or presentation 26-Apr-16 3:00pm GMT Apr 26 2016
PACCAR (PCAR) Beats on Q1 Earnings, Revenues; Falls Y/Y Apr 26 2016
PACCAR (PCAR) Q1 Earnings Top Estimates, Fall Y/Y Apr 26 2016
PACCAR Achieves Good First Quarter Results Apr 26 2016
Paccar reports 1Q loss Apr 26 2016
Paccar reports 1Q loss Apr 26 2016
PACCAR INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements... Apr 26 2016
PACCAR Achieves Good First Quarter Results Apr 26 2016
Q1 2016 PACCAR Inc Earnings Release - Before Market Open Apr 26 2016
PACCAR (PCAR) Stock Lower Ahead of Tuesday's Q1 Results Apr 25 2016

Personalized Checklist

Checklist has been moved to "Checklist" tab.

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK