Ryder Stock Attractive After Its 2026 Rally and Earnings Beat?

Ryder System (R) gave investors multiple signals after a sharp 2026 rally and another quarter of earnings growth. Shares are up 39.9% year to date, attributed to improved execution and better conditions for used vehicles, though the article stresses the case isn’t one-sided. Ryder reported second-quarter 2026 comparable EPS of $3.73, up 12.4% year over year and above the consensus, with an EPS surprise of 0.8%. Total revenues rose 5% to $3.35 billion. Fleet Management Solutions drove performance, with earnings before taxes up 20% to $150 million, helped by better contracted business and used vehicle sales. Management raised full-year comparable EPS guidance to $14.40-$14.80 from $14.05-$14.80. The company trades at 0.68X forward 12-month price-to-sales, below several peer benchmarks. Ryder returned $406 million to shareholders in the first half of 2026 via dividends and buybacks, but leverage remains a constraint.