Why Paccar Stock Rolled Downhill Today

Despite some challenges, Paccar stock looks cheap. Paccar (PCAR -12.32%) stock tumbled 8.5% through 11:25 a.m. ET Tuesday after the company reported a tiny earnings miss. Paccar Q2 earnings Paccar also noted that its market share in Class 8 big trucks expanded significantly, to about 31.5% in Q2. Paccar did not give earnings guidance for either Q3 or for the rest of the year. Management did note that it sees the size of the Class 8 truck market in the U.S. and Canada shrinking this year, however, falling fr ...