JB Hunt Stock Sinks As Rising Driver and Fuel Costs Hit Q3 Outlook

JB Hunt Transport Services Inc. shares fell over 13% to $237.04 after the company warned of a potential 5%-10% decline in Q3 earnings due to rising driver and fuel costs, with an expected $25 million increase in driver-related expenses. Analysts have responded by lowering their price targets, with Wells Fargo reducing its target from $335 to $305, and Barclays from $300 to $285. Despite strong demand and a 30% increase in purchased-transportation spot rates, JB Hunt is focusing on pricing strategies to improve margins ahead of the 2027 Intermodal bid season.