Wabash National Corporation (WNC) Stock Price & Analysis
Wabash National Corporation (WNC) closed at USD 13.82 on Wednesday, October 28, 2026, up 0.22% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 13.79; the Oct 28, 2026 session ranged USD 13.6–13.95 on volume of 723,398 shares. Market capitalization is $562.99M, with a 52-week range of USD 6.63–14.55 (NYQ). Source: Nexqual, retrieved October 29, 2026 at 10:55 UTC.
Also available as compact Markdown for AI agents: nexqual.com/WNC.md
Latest Earnings Results (WNC)
Wabash National Corporation (WNC) reported Q3 2026 results on Oct 29, 2026, 6:54:01 AM ET: adjusted EPS -$0.63 vs. estimate -$0.46 (miss), revenue $476.40M vs. estimate $453.75M (beat). Guidance: For Q4 2026, the company guides revenue to $420 million to $450 million and non-GAAP adjusted EPS to $(0.75) to $(0.55). Source: SEC 8-K filing. Nexqual published it 39 seconds after release. Read the SEC filing.
| Fiscal period | EPS (reported) | Revenue | Released | Source |
|---|---|---|---|---|
| Q3 2026 | -$0.63 (adjusted (non-GAAP) diluted) | $476.4M | Oct 29, 2026, 6:54:01 AM ET · on Nexqual +39 seconds | SEC 8-K filing |
Reported actuals captured by Nexqual from SEC 8-K filings and company press releases; each figure confirmed by two independent extraction methods.
Key facts (WNC)
- Last four reported quarters (through Jun 30, 2026): revenue $1.42B, net income -$78.0M (-5.5% margin), free cash flow -$16.0M (SEC filings).
- 1 of 80 tracked superinvestors hold WNC (13F, Q2 2026): 1 new, 0 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $123K; 1 not under a Rule 10b5-1 plan ($123K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 1.50 on a 1–5 scale) (2 analysts), mean target USD 22.5 (range 20–25).
- Total return with dividends: 1Y +71.3% vs S&P 500 +13.6%; 5Y -1.1% vs S&P 500 +79.8%.
- Next earnings: 2026-10-29, EPS estimate USD -0.46, revenue estimate $454M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (WNC)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.80B | $2.50B | $2.54B | $1.95B | $1.54B | $1.42B |
| Gross profit | $196M | $323M | $498M | $265M | $69.9M | — |
| Operating income | $33.5M | $167M | $312M | -$356M | $308M | -$79.9M |
| Net income | $1.2M | $112M | $231M | -$284M | $211M | -$78.0M |
| EPS (diluted) | $0.02 | $2.25 | $4.81 | -$6.40 | $5.07 | — |
| Free cash flow | -$56.6M | $67.0M | $222M | $45.1M | -$13.0M | -$16.0M |
| Gross margin | 10.9% | 12.9% | 19.6% | 13.6% | 4.5% | — |
| Operating margin | 1.9% | 6.7% | 12.3% | -18.3% | 19.9% | -5.6% |
| Net margin | 0.1% | 4.5% | 9.1% | -14.6% | 13.7% | -5.5% |
| Revenue growth | +21.7% | +38.8% | +1.4% | -23.3% | -20.8% | — |
| Cash + short-term investments | $71.8M | $58.2M | $179M | $115M | $31.9M | — |
| Total debt | $433M | $400M | $400M | $400M | $445M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (WNC)
P/S 0.4x · EV/Sales 0.7x · P/B 1.9x · FCF yield -2.85% · Earnings yield -13.85% · Dividend yield (paid, TTM) 2.36% · Net debt $444M · EV $1.01B
P/E at fiscal year-ends: Dec 2025 1.7x, Dec 2023 5.3x.
Superinvestors (SEC 13F-HR, Q2 2026) (WNC)
1 of 80 tracked investors hold WNC. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | <0.01% | $1.9M | New position |
Insider sales (SEC Form 4, open-market, last ~7 months) (WNC)
0 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-14 | Glazner Mary Kristin | Chief Administrative Officer | 10,000 | $123K | 6% | No | Too little history (no open-market trades in 2024 or 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (WNC)
Consensus Buy (mean 1.50 on a 1–5 scale), 2 analysts; mean target USD 22.5 (low 20, high 25).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-22 | DA Davidson | Maintained | Buy | $20 |
| 2026-08-24 | DA Davidson | Maintained | Buy | $20 |
| 2026-07-22 | DA Davidson | Maintained | Buy | $20 |
| 2026-07-15 | Citizens | Initiated | Market Outperform | $25 |
Total return (dividends reinvested) (WNC)
| 1Y (from 2025-10-29) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +71.3% | -1.1% |
| S&P 500 (SPY) | +13.6% | +79.8% |
| Per year | +71.7% | -0.2% |
| Volatility (annualized) | 57.3% | 48.3% |
| Max drawdown | -43.8% (Feb 2026→May 2026) | -75.7% (Mar 2024→May 2026) |
WNC earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| — | Quarter ended Jun 30, 2026 | −$0.53 | −$0.56 | Beat +5.4% | — |
| — | Quarter ended Mar 31, 2026 | −$1.17 | −$1.01 | Miss −15.8% | — |
| — | Quarter ended Dec 31, 2025 | −$0.93 | −$0.76 | Miss −22.4% | — |
| — | Quarter ended Sep 30, 2025 | −$0.51 | −$0.39 | Miss −30.8% | — |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
WNC recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Oct 29, 2026 | 8-K | Quarterly results |
| Sep 24, 2026 | 8-K | Regulation FD disclosure |
| Aug 14, 2026 | Schedule 13G/A | D. E. Shaw & Co., L.P., David E. Shaw: 5.1% of shares, passive 5%+ holder (amended) |
| Aug 13, 2026 | 8-K | Entered a material agreement; New debt or off-balance-sheet obligation “On August 12, 2026, Wabash National Corporation (the "Company") entered into a Sixth Amendment to Second Amended and Restated Credit Agreement (the "Amendment"), among the Company, certain of its subsidiaries party thereto as loan parties, the lenders party thereto and Wells Fargo Capital Finance, LLC, as the administrative agent (the "Agent"), which amended the Company's existing Second Amended and Restated Credit Agreement dated as of December 21, 2018 (as previously amended and as amended by the Amendment, the…” |
| Jul 31, 2026 | Schedule 13G/A | Vanguard Capital Management: 4.9% of shares, passive 5%+ holder (amended) |
| Jul 31, 2026 | 8-K | Director or executive officer change, or pay arrangement “(b) On July 27, 2026, the Board of Directors (the "Board") of Wabash National Corporation (the "Company") accepted the resignation of Sudhanshu Priyadarshi as a director of the Company with the acceptance of such resignation to be effective on August 1, 2026 (the "Resignation"). The Resignation was not due to a disagreement with the Company or the Board.” |
| Jul 29, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Jul 29, 2026 | 8-K | Quarterly results |
| Jul 20, 2026 | 8-K | Entered a material agreement; New debt or off-balance-sheet obligation; Unregistered sale of shares; Other material event “On July 20, 2026, Wabash National Corporation (the "Company") completed its previously announced private unregistered offering (the "Offering") of $130 million in aggregate principal amount of 4.00% Convertible Senior Notes due 2032 (the "Initial Notes"). On July 16, 2026, the initial purchasers in the Offering exercised their option to purchase an additional $20 million in aggregate principal amount of the Company's 4.00% Convertible Senior Notes due 2032 (together with the Initial Notes, the "Notes"), bringing…” |
| Jul 14, 2026 | 8-K | Entered a material agreement; Quarterly results; Regulation FD disclosure; Other material event “On July 14, 2026, Wabash National Corporation (the "Company") entered into a Fifth Amendment to Second Amended and Restated Credit Agreement (the "Amendment") among the Company, certain of its subsidiaries as borrowers, certain of its subsidiaries as guarantors, the lenders party thereto and Wells Fargo Capital Finance, LLC, as the administrative agent, which amended the Company's existing Second Amended and Restated Credit Agreement dated as of December 21, 2018 (the "Existing Credit Agreement"; the Existing…” |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
WNC suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | General Motors (GM) | “Historically, General Motors Company ("GM"), Freightliner Custom Chassis ("Freightliner"), International Truck ("International"), and Ford Motor Company ("Ford") have been the primary chassis suppliers.” |
| Supplier | Ford (F) | “Historically, General Motors Company ("GM"), Freightliner Custom Chassis ("Freightliner"), International Truck ("International"), and Ford Motor Company ("Ford") have been the primary chassis suppliers.” |
| Customer | Linq Venture Holdings | “Linq Venture Holdings LLC and our Trailers as a Service (TaaS)SM initiatives, which combine our market-leading trailer products with emerging capabilities like parts distribution and a growing maintenance and repair network to provide a valuable suite of services to our customers, are included in the P&S segment as well.” |
| Customer | RYDER SYSTEM INC (R) | “In addition, we sell our truck bodies to fleet leasing customers and direct customers including, but not limited to: Ryder System, Inc., Penske Truck Leasing Co., L.P., Budget Truck Rental, LLC, and Enterprise Holdings, Inc. Notable end users of our truck body products include, but are not limited to: Southern Glazer's Wine and Spirits, LLC, The Kroger Co., Home Express Delivery, LLC., U.S. Autoforce, and Costco W…” |
| Customer | Budget Truck Rental | “In addition, we sell our truck bodies to fleet leasing customers and direct customers including, but not limited to: Ryder System, Inc., Penske Truck Leasing Co., L.P., Budget Truck Rental, LLC, and Enterprise Holdings, Inc. Notable end users of our truck body products include, but are not limited to: Southern Glazer's Wine and Spirits, LLC, The Kroger Co., Home Express Delivery, LLC., U.S. Autoforce, and Costco W…” |
| Customer | Enterprise Holdings | “In addition, we sell our truck bodies to fleet leasing customers and direct customers including, but not limited to: Ryder System, Inc., Penske Truck Leasing Co., L.P., Budget Truck Rental, LLC, and Enterprise Holdings, Inc. Notable end users of our truck body products include, but are not limited to: Southern Glazer's Wine and Spirits, LLC, The Kroger Co., Home Express Delivery, LLC., U.S. Autoforce, and Costco W…” |
| Customer | Wine and Spirits | “In addition, we sell our truck bodies to fleet leasing customers and direct customers including, but not limited to: Ryder System, Inc., Penske Truck Leasing Co., L.P., Budget Truck Rental, LLC, and Enterprise Holdings, Inc. Notable end users of our truck body products include, but are not limited to: Southern Glazer's Wine and Spirits, LLC, The Kroger Co., Home Express Delivery, LLC., U.S. Autoforce, and Costco W…” |
| Customer | Kroger (KR) | “In addition, we sell our truck bodies to fleet leasing customers and direct customers including, but not limited to: Ryder System, Inc., Penske Truck Leasing Co., L.P., Budget Truck Rental, LLC, and Enterprise Holdings, Inc. Notable end users of our truck body products include, but are not limited to: Southern Glazer's Wine and Spirits, LLC, The Kroger Co., Home Express Delivery, LLC., U.S. Autoforce, and Costco W…” |
| Customer | Home Express Delivery | “In addition, we sell our truck bodies to fleet leasing customers and direct customers including, but not limited to: Ryder System, Inc., Penske Truck Leasing Co., L.P., Budget Truck Rental, LLC, and Enterprise Holdings, Inc. Notable end users of our truck body products include, but are not limited to: Southern Glazer's Wine and Spirits, LLC, The Kroger Co., Home Express Delivery, LLC., U.S. Autoforce, and Costco W…” |
| Customer | Costco Wholesale | “In addition, we sell our truck bodies to fleet leasing customers and direct customers including, but not limited to: Ryder System, Inc., Penske Truck Leasing Co., L.P., Budget Truck Rental, LLC, and Enterprise Holdings, Inc. Notable end users of our truck body products include, but are not limited to: Southern Glazer's Wine and Spirits, LLC, The Kroger Co., Home Express Delivery, LLC., U.S. Autoforce, and Costco W…” |
| Customer | Whiting Door Manufacturing | “Through our engineered products component of the Parts & Services segment, we sell our products to customers including, but not limited to, Penske Truck Leasing Co., L.P., Transglobal, and Whiting Door Manufacturing, Corp.” |
| Partner | Wabash Parts | “Our ability to realize all of the expected enhanced revenue, earnings, and cash flow from our 2022 agreement with a partner to create Wabash Parts LLC, a jointly owned legal entity, will depend, in substantial part, on each party's ability to successfully operate a parts and services distribution platform and achieve our projected distribution goals.” |
Quoted from the company's 10-K filed Feb 18, 2026.
Companies that name WNC in their SEC reports
| Relationship to WNC | Company | Filing | Sentence |
|---|---|---|---|
| customer | WERNER ENTERPRISES INC (WERN) | 10-K Feb 26, 2026 | “Most of our company-owned trailers were manufactured by Wabash National Corporation and Great Dane.” |
WNC company outlook (results filed Oct 29, 2026)
- “An increase of 25% versus Q2-26 and outperforming traditional seasonal trends. ▪ Q4-2026 revenue outlook midpoint of $435 million, EPS outlook $(0.65).”
Quoted word-for-word from the SEC 8-K results press release.
WNC analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.46 | $-0.13 | −$0.33 | $453.8M | 2 |
| Next quarter (ends Dec 2026) | $-0.18 | $0.09 | −$0.27 | $435.4M | 2 |
| Current fiscal year (ends Dec 2026) | $-2.33 | $-1.76 | −$0.57 | $1.58B | 2 |
| Next fiscal year (ends Dec 2027) | $1.20 | $1.42 | -15.5% | $2.05B | 2 |
Key Statistics (as of October 29, 2026 at 10:55 UTC)
| Price | USD 13.82 |
|---|---|
| Change | ▲ 0.22% (up) |
| Previous Close | USD 13.79 |
| Open | USD 13.75 |
| Day Range | USD 13.6 – 13.95 |
| 52-Week Range | USD 6.63 – 14.55 |
| Volume | 723,398 shares |
| Market Cap | $562.99M |
| Exchange | NYQ |
Technical Analysis (WNC)
Nexqual's technical model rates WNC "BUY" based on 5 bullish and 1 bearish signals across 127 daily candles, as of October 29, 2026 at 10:55 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 60.18 (neutral) |
| vs SMA50 | Above (USD 12.86) |
| MACD | 0.14 (positive) |
Analyst Ratings (WNC)
Wall Street analysts rate WNC "Buy" based on 2 analysts, with a mean price target of USD 22.5 (range USD 20–25), per Nexqual as of October 29, 2026 at 10:55 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 2 |
| Mean Target | USD 22.5 |
| High Target | USD 25 |
| Low Target | USD 20 |
| Buy / Hold / Sell | 2 / 0 / 0 |
Earnings (WNC)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD -0.46 |
| Revenue Estimate | $453.75M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.53 vs est -0.56 ▲ beat |
| 2026-03-31 | USD -1.17 vs est -1.01 ▼ miss |
| 2025-12-31 | USD -0.93 vs est -0.76 ▼ miss |
| 2025-09-30 | USD -0.51 vs est -0.39 ▼ miss |
Source: Nexqual, October 29, 2026 at 10:55 UTC.
Financials & Fundamentals (WNC)
| Total Revenue | $1.42B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -9.10% |
| Gross Margin | +1.00% |
| Operating Margin | -6.24% |
| Profit Margin | -5.48% |
| ROE | -22.87% |
| Debt / Equity | 1.86 |
| Current Ratio | 1.31 |
| Total Cash | $71.50M |
| Total Debt | $545.11M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$16.02M (-1.1% of revenue) |
Source: Nexqual, October 29, 2026 at 10:55 UTC.
Financial Health Score (WNC)
Nexqual rates Wabash National Corporation's overall financial health "Critical" across five dimensions, as of October 29, 2026 at 10:55 UTC.
| Growth | Critical — Revenue -21% YoY (annual), sharp decline |
|---|---|
| Profitability | Critical — Gross margin 1%, operating -6% (last 4 quarters to Jun 2026, SEC) |
| Balance Sheet | Weak — $71M cash and investments vs $515M debt (Jun 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$16M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE -27%, ROA -6.3% (last 4 quarters, SEC) |
Ownership (WNC)
| Insider Ownership | +5.14% |
|---|---|
| Institutional Ownership | +98.07% |
| Shares Outstanding | 40.74M |
| Float | 37.53M |
| Short % of Float | +12.37% |
Source: Nexqual, October 29, 2026 at 10:55 UTC.
Leadership (WNC)
Wabash National Corporation is led by Brent L. Yeagy, President, CEO & Director, per Nexqual as of October 29, 2026 at 10:55 UTC.
| President, CEO & Director | Brent L. Yeagy |
|---|---|
| Senior VP & CFO | Patrick Keslin |
| Senior VP & COO | Donald Winston |
| Treasurer and Vice President of Tax | Don Hurtt |
Major Backers & Investors (WNC)
Notable institutional backers of Wabash National Corporation include Mirae Asset Global ETFs Holdings Ltd., GLOBAL X FUNDS-Global X US Infrastructure Development ETF, FMR, LLC, according to Nexqual as of October 29, 2026 at 10:55 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Mirae Asset Global ETFs Holdings Ltd. | 9.65% |
| GLOBAL X FUNDS-Global X US Infrastructure Development ETF | 8.12% |
| FMR, LLC | 5.21% |
| Shaw D.E. & Co., Inc. | 5.08% |
| Ameriprise Financial, Inc. | 3.23% |
| Jacobs Levy Equity Management, Inc. | 2.71% |
| Goldman Sachs | 2.65% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 8.57% |
| Vanguard Group | 4.25% |
| Dimensional Fund Advisors | 4.01% |
Source: Nexqual, October 29, 2026 at 10:55 UTC.
From Wabash National Corporation's Latest SEC 10-K Filing (filed 2026-02-18)
Key Strengths & Strategy (as disclosed to the SEC)
- Critical to this is the One Wabash mindset that our business is constructed of three interlinked segments that benefit from one another and are stronger as a result of being part of Wabash. ▪Extensive Distribution Network – We utilize a network of 18 independent dealers with approximately 55 locations throughout North America to distribute our van trailers.
- We continue to develop new products and actively explore markets that can benefit from the proven performance of our proprietary technology.
- Today we combine physical and digital technologies to deliver innovative, end-to-end solutions that optimize supply chains across transportation, logistics, and infrastructure markets.
- Our Purpose is to change how the world reaches you; our Vision is to be a premier provider of diverse solutions that optimize customers' end-to-end supply chains across transportation, logistics, and infrastructure markets and our Mission is to transform Wabash into a dynamic growth organization by merging physical products and digital technology to seamlessly serve our customers through a connected ecosystem of partners.
Partnerships
- Since December 2021 we have partnered with Purdue University to accelerate the Company's speed to market with proprietary, innovative products.
- Our competitive strength related to long-term core customer relationships is evidenced by our multi-year order agreement with J.B.
Legal & Regulatory Risks (Item 1A, quoted)
- We may fail to realize all of the expected enhanced revenue, earnings and cash flow from our agreement to create Wabash Parts LLC, a jointly owned legal entity.
- We are subject to extensive governmental laws and regulations, and our costs related to compliance with, or our failure to comply with, existing or future laws and regulations could have a material adverse effect on our business, financial condition, cash flows and results of operations.
- Changes to U.S. or foreign tax laws could affect our effective tax rate and our future profitability.
- Product liability and other legal claims could have a material adverse effect on our business, financial condition, cash flows and results of operations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| HY | Hyster-Yale, Inc. | USD 29.34 | ▼ 0.17% |
| CMCO | Columbus McKinnon Corporation | USD 15.06 | ▲ 0.87% |
| TWI | Titan International, Inc. (DE) | USD 6.62 | ▼ 0.6% |
| MTW | Manitowoc Company, Inc. (The) | USD 23.15 | ▲ 2.84% |
| AEBI | Aebi Schmidt Holding AG | USD 11.39 | ▲ 2.34% |
| ASTE | Astec Industries, Inc. | USD 38.97 | ▲ 1.33% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 10:55 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt