Werner Enterprises faces a combination of negative price momentum, a quality score below the minimum acceptable threshold, and deeply negative upside versus current analyst targets, making the stock a candidate for position reduction rather than new entry.
Thesis pillars
- Quality Below Floor→Stable
- Negative Price Upside Vs Target↑Improving
- Momentum Gate Failure↑Improving
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 26, 2026· older than 90 days
Werner Enterprises, Inc. (WERN) Stock Analysis
Inst Constrain edge
Industrials · Trucking
Sell if holding. Engine safety override at $29.34: Quality below floor (2.3 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.7/10. Specifically: High short interest: 11%; Elevated put/call ratio: 3.57; Below-average business quality.
Werner Enterprises operates one of the largest U.S. truckload carriers by revenue, running 7,100 trucks across TTS (Dedicated and One-Way) and Werner Logistics segments as of December 31, 2025. TTS generated 69% of total operating revenues in 2025, with Werner Logistics at 29%;... Read more
Sell if holding. Engine safety override at $29.34: Quality below floor (2.3 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.7/10. Specifically: High short interest: 11%; Elevated put/call ratio: 3.57; Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Score 5.7/10, moderate confidence.
Passes 6/9 gates (positive momentum, clean insider activity, news events none recent, earnings proximity 91d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
About Werner Enterprises, Inc.
About Werner Enterprises, Inc.
Werner Enterprises' TTS segment ended 2025 with 7,100 trucks — 4,850 in Dedicated configurations and 2,250 in One-Way Truckload — operating across all 48 contiguous U.S. states. TTS contributed 69% of total operating revenues in 2025, with Werner Logistics adding 29%. The company's 12,031 associates are entirely non-union domestically, and Werner expanded its Dedicated footprint through the acquisition of FirstFleet, a dedicated truckload carrier based in Murfreesboro, Tennessee, in January 2026.
Werner earns TTS revenue primarily through per-mile rates for company drivers, supplemented by two-to-five-year Dedicated contracts. One-Way Truckload contracts may be terminated with 30 days' notice — standard industry practice — exposing that portion of the book to spot-market freight pricing. Fuel is a major cost input; Werner negotiates volume discounts with three large truck-stop chains and deploys fuel surcharge programs that recover a majority, but not all, of fuel price increases, with no derivative hedges in place as of December 31, 2025. Dollar General was Werner's largest customer at 11% of 2025 revenues; the top 10 customers collectively accounted for 50% of revenues, concentrated in retail and consumer products (66%), food and beverage (13%), and manufacturing/industrial (13%) among the top 50 accounts.
Show full overview
Federal Motor Carrier Safety Administration oversight exposes Werner to regulatory risks with direct customer contract implications. Werner holds a satisfactory FMCSA safety rating — the highest available — which several customer contracts require as a condition of service; a downgrade to conditional or unsatisfactory could trigger contract terminations. FMCSA is also reviewing changes to the Safety Fitness Determination methodology and CSA Safety Measurement System, and in November 2024 proposed new broker transparency regulations that would affect the Werner Logistics segment's documentation and disclosure obligations.
See also: Industrials · Trucking
From Werner Enterprises, Inc.'s most recent 10-K filing, extracted June 16, 2026.
Recent developments
updated Nov 4, 2026Recent Developments — Werner Enterprises, Inc.
Latest news
- NEWS Werner Enterprises Announces Participation in Upcoming November Investment Conferences — fiscal.ai Nov 4, 2026 neutral
- NEWS Werner Enterprises CEO Derek J. Leathers Elected Chairman of the American Trucking Associations — fiscal.ai Oct 29, 2026 positive
- NEWS Barclays Maintains Equal-Weight on Werner Enterprises, Lowers Price Target to $32 — benzinga Oct 29, 2026 neutral
- NEWS Citigroup Maintains Neutral on Werner Enterprises, Lowers Price Target to $32 — benzinga Oct 28, 2026 negative
- NEWS JP Morgan Maintains Underweight on Werner Enterprises, Raises Price Target to $34 — benzinga Oct 28, 2026 negative
Latest item Nov 4, 2026 · Generated 2026-11-05T11:49:12Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- LOWCustomerDollar General11%10-K Item 1A: 'Our largest customer, Dollar General, accounted for 11% of our total revenues in 2025.'
- MEDIUMCustomertop-10 customers50%10-K Item 1A: 'our largest 5, 10, 25 and 50 customers accounted for 38%, 50%, 66%, and 78% of revenues, respectively'
Material Events(8-K, last 90d)
- 2026-05-13Item 5.02LOWDirector Carmen A. Tapio gave notice of retirement from the Board effective May 12, 2026. No disagreement with the Company, its management, or the Board cited. No successor named.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
1 floor-breaker
Unprofitable operations — net margin -0.6%. Quality floor flags this regardless of sector context.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $29.34: Quality below floor (2.3 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.7/10. Specifically: High short interest: 11%; Elevated put/call ratio: 3.57; Below-average business quality. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $27.29. Score 5.7/10, moderate confidence.
Analyst target: $33.00 (+12.5% upside). Prior stop was $27.29. Stop-loss: $27.29.
Quality below floor (2.3 < 4.0).
Werner Enterprises, Inc. trades at a P/E of N/A (forward 15.7). TrendMatrix value score: 8.2/10. Verdict: Sell.
23 analysts rate WERN, with a consensus score of 3.5/5. 15 analysts publish price targets averaging $37.
What does Werner Enterprises, Inc. do?Werner Enterprises operates one of the largest U.S. truckload carriers by revenue, running 7,100 trucks across TTS...
Werner Enterprises operates one of the largest U.S. truckload carriers by revenue, running 7,100 trucks across TTS (Dedicated and One-Way) and Werner Logistics segments as of December 31, 2025. TTS generated 69% of total operating revenues in 2025, with Werner Logistics at 29%; Dollar General, the largest customer, accounted for 11% of revenues. The 12,031-employee workforce is entirely non-union in the U.S.