Why Custom Truck One Source Stock Tanked on Tuesday

Custom Truck One Source (NYSE: CTOS), a utility vehicle and equipment rental specialist, wasn't a stock market favorite on Tuesday. Investors traded out of the company's shares aggressively, leaving them with an almost 11% loss in value on the day. And that was during a session when the benchmark S&P 500 index rose, inching 1.2% higher.Custom Truck's third-quarter figures, published just after market close Monday, reveal that total revenue for the company was $482 million for the period. That represented growth of 8% year over year. Net loss according to generally accepted accounting principles (GAAP) narrowed over that time to $5.8 million ($0.03 per share) from 2024 Q3's $17.4 million. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool