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Landstar System Inc (LSTR)



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Upturn Advisory Summary
04/01/2025: LSTR (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -19.09% | Avg. Invested days 27 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.37B USD | Price to earnings Ratio 27.57 | 1Y Target Price 162.6 |
Price to earnings Ratio 27.57 | 1Y Target Price 162.6 | ||
Volume (30-day avg) 377233 | Beta 0.82 | 52 Weeks Range 144.13 - 193.73 | Updated Date 04/2/2025 |
52 Weeks Range 144.13 - 193.73 | Updated Date 04/2/2025 | ||
Dividends yield (FY) 0.96% | Basic EPS (TTM) 5.51 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 4.05% | Operating Margin (TTM) 4.73% |
Management Effectiveness
Return on Assets (TTM) 8.55% | Return on Equity (TTM) 20.03% |
Valuation
Trailing PE 27.57 | Forward PE 25 | Enterprise Value 4896232914 | Price to Sales(TTM) 1.11 |
Enterprise Value 4896232914 | Price to Sales(TTM) 1.11 | ||
Enterprise Value to Revenue 1.02 | Enterprise Value to EBITDA 16.84 | Shares Outstanding 35316100 | Shares Floating 35010589 |
Shares Outstanding 35316100 | Shares Floating 35010589 | ||
Percent Insiders 1.02 | Percent Institutions 101 |
Analyst Ratings
Rating 2.94 | Target Price 168.79 | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold 16 | Sell 1 | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Landstar System Inc

Company Overview
History and Background
Landstar System Inc. was founded in 1968 as a motor carrier. It has evolved into a non-asset-based transportation and logistics provider. Key milestones include acquisitions and the development of its unique business model focused on independent owner-operators.
Core Business Areas
- Transportation Services: Provides truckload transportation, less-than-truckload (LTL), rail intermodal, air cargo, and ocean cargo services.
- Insurance Services: Offers risk management and insurance services to its independent owner-operators and other business partners.
Leadership and Structure
The leadership team consists of the CEO, CFO, and other key executives. The organizational structure is decentralized, relying heavily on independent owner-operators (BCOs) and agents.
Top Products and Market Share
Key Offerings
- Truckload Transportation: Core service providing truckload capacity through its network of BCOs. Estimated market share of the overall truckload market is relatively small (single-digit percentage). Competitors include JBHT, WERN, KNX.
- Less-Than-Truckload (LTL): Arranges LTL shipments. Revenue from this segment is smaller compared to truckload. Competitors include FDX, UPS, XPO.
- Rail Intermodal and Other Services: Coordinates rail intermodal, air, and ocean freight. Revenue contributes a smaller portion of total revenue. Competitors in intermodal include JBHT, and ocean freight competition involves many players.
Market Dynamics
Industry Overview
The transportation and logistics industry is highly competitive and fragmented. It is influenced by factors such as economic growth, fuel prices, and regulatory changes.
Positioning
Landstar's non-asset-based business model offers flexibility and scalability. Its competitive advantages include its large network of independent owner-operators and its technology platform.
Total Addressable Market (TAM)
The US freight transportation market is valued in the hundreds of billions of dollars annually. Landstar's TAM encompasses truckload, LTL, and intermodal segments. Landstar is well-positioned within this fragmented market with room for growth.
Upturn SWOT Analysis
Strengths
- Non-asset-based business model
- Large network of independent owner-operators
- Scalability
- Strong free cash flow generation
- Experienced management team
Weaknesses
- Reliance on independent owner-operators
- Exposure to fluctuations in fuel prices
- Dependence on economic cycles
- Operational risks with independent BCOs
Opportunities
- Increasing demand for e-commerce related transportation
- Expansion of service offerings
- Technological advancements in logistics
- Acquisitions of complementary businesses
Threats
- Economic downturns
- Increased competition
- Regulatory changes affecting transportation industry
- Rising fuel costs
- Driver shortage
Competitors and Market Share
Key Competitors
- JBHT
- WERN
- KNX
- UPS
- FDX
- XPO
Competitive Landscape
Landstar's non-asset-based model provides a competitive advantage in terms of scalability and flexibility. However, it faces competition from asset-based carriers and other logistics providers.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Landstar's growth has been driven by organic expansion and strategic acquisitions.
Future Projections: Analyst estimates project continued growth in revenue and earnings, but these estimates are subject to change.
Recent Initiatives: Recent initiatives may include investments in technology, expansion of service offerings, and strategic partnerships.
Summary
Landstar System Inc. leverages a non-asset based model providing scalable transportation solutions. Its reliance on independent owner-operators could present risks. The company has demonstrated strong financial performance and dividend payouts. Future growth relies on effective cost management amidst economic uncertainties. Landstar needs to monitor competition and economic downturns.
Similar Companies

FDX

FedEx Corporation



FDX

FedEx Corporation

JBHT

JB Hunt Transport Services Inc



JBHT

JB Hunt Transport Services Inc

KNX

Knight Transportation Inc



KNX

Knight Transportation Inc

UPS

United Parcel Service Inc



UPS

United Parcel Service Inc

WERN

Werner Enterprises Inc



WERN

Werner Enterprises Inc
Sources and Disclaimers
Data Sources:
- SEC Filings (10-K, 10-Q)
- Investor Presentations
- Press Releases
- Industry Reports
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered financial advice. Market data is volatile and is subject to error. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Landstar System Inc
Exchange NASDAQ | Headquaters Jacksonville, FL, United States | ||
IPO Launch date 1993-03-05 | President, CEO & Director Mr. Frank A. Lonegro | ||
Sector Industrials | Industry Integrated Freight & Logistics | Full time employees 1441 | Website https://www.landstar.com |
Full time employees 1441 | Website https://www.landstar.com |
Landstar System, Inc. provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments: Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, such as third party logistics and less-than-truckload services. It provides truck services through dry and specialty vans of various sizes, unsided/platform trailers, temperature-controlled vans, and containers; rail intermodal services through contracts with domestic and Canadian railroads, certain short-line railroads, and asset-based intermodal equipment; and domestic and international air and ocean services. This segment serves the automotive parts and assemblies, consumer durables, building products, metals, chemicals, foodstuffs, heavy machinery, retail, electronics, and military equipment industries. The Insurance segment provides risk and claims management services; and reinsures risks of the company's independent contractors. It markets its services through independent commission sales agents and third-party capacity providers. The company was incorporated in 1991 and is headquartered in Jacksonville, Florida.
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