Ryder's Earnings Boosted by Used Vehicle Sales in Q2
Ryder reported a solid second-quarter performance, driven primarily by gains from used vehicle sales. The company’s non-GAAP earnings per share rose to $3.73, up 12% year-over-year and slightly above Wall Street expectations of $3.69. Despite the strong results, Ryder's stock fell nearly 4% on a broader market selloff. The Fleet Management Solutions segment saw modest sequential revenue growth but was constrained by an average fleet size reduction of 15%. The company raised its full-year non-GAAP earnings guidance to $14.40–$14.80 per share and expects return on equity at 18%, up from earlier projections. Used vehicle sales remained a key factor in Ryder’s profitability, with tractor prices rising by an average of 3% year-over-year and truck prices increasing by 6%. However, the number of vehicles sold declined to 5,100 units compared to 6,200 in Q2 2025. CFO Cristina Gallo-Aquino noted that pricing above residual values continues to benefit earnings.
Tickers: $R
Topics: fleet management solutions non-GAAP earnings per share used vehicle sales