Custom Truck Shares Surge on Growth Forecast and Backlog Momentum

Custom Truck One Source, Inc. (NYSE:CTOS) is one of the 10 best high risk penny stocks to invest in.

Following a generally positive sentiment in the Q1 earnings call, the company confirms the election of four Class C directors.

Custom Truck Shares Surge on Growth Forecast and Backlog Momentum

An aerial view of a construction site, the lift Boom of the specialization equipment rental services truck in the center.

Missouri-based company, Custom Truck One Source, Inc. (NYSE:CTOS) is North America’s premier provider of specialty trucks and heavy equipment. Founded in 1988, the company offers vehicle-related solutions including sales, rentals, customization, financing, aftermarket parts, and servicing. Its client base is comprised of electric utilities, telecom, rail, construction, forestry, and waste management sectors.

In its 2025 Q1 earnings call, the company reported a 13% year-over-year increase in revenue for the ERS segment. Additionally, with a 14% increase in backlog, reaching over $54 million during the quarter, the company has reaffirmed its full-year 2025 guidance, reinforcing confidence in achieving its growth targets.

Later, on June 12, 2025, in its annual stockholders meeting, the company confirmed the election of four Class C directors. Accordingly, Fred Ross, Georgia Nelson, Mary Jackson, and Ryan McMonagle will hold positions till the 2028 meeting.

The company’s stocks have a moderate 1-year median price target of $5.50. Investors interested in purchasing the stock are also cautioned about the company’s volatility, represented by a noteworthy beta of 1.19.

While we acknowledge the potential of CTOS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than KR and that has 100x upside potential, check out our report about this cheapest AI stock.

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