Why These 15 Transportation Stocks Are Skyrocketing So Far in 2025

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9. Old Dominion Freight Line Inc (NASDAQ:ODFL)

Number of Hedge Fund Holders In Q3 2024: 38

Old Dominion Freight Line Inc (NASDAQ:ODFL) is a less-than-truckload motor carrier company.

The stock is up significantly so far in 2025 as the Institute for Supply Management’s Purchasing Managers’ Index (PMI) moves into positive territory for the first time in two years and the manufacturing sector shows signs of more growth.

The company’s CEO is optimistic about 2025 under the new administration and Old Dominion also exceeded consensus estimates in Q4 2024 with $1.23 in EPS. Revenue did decline year-over-year, but the pricing power has led to a lot of optimism here.

Furthermore, Old Dominion increased its dividend by 30% last year.

The consensus price target of $203.33 implies 1.46% downside.

ODFL stock is up 16.97% year-to-date.

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