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Proficient Auto Logistics

PAL on Nasdaq. Market value $101m.

Watch this stockFree. We tell you when something changes.

Should I look at this?

Look carefully before going further

Why it could be worth it

Nothing stands out yet.

What to watch out for

Read the warning sign in its own filings

This is not advice.

Compare with another stock

Who owns it

3 long-term investors we follow own it, unchanged from 3 last quarter. 116 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

1 investor owns more than 5%.

  • BlackRock, Inc.
    Passive investor
    5.1%
    Since 31 March 2025
  • Boston Partners
    Passive investor
    Sold down below 5%
    Since 30 June 2026
  • American Century Investment Management, Inc.
    Passive investor
    Sold down below 5%
    Since 30 June 2026

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 4 insiders bought $407,652 of shares on the open market. 3 sold $889,197.

Cluster buy3 insiders bought within 30 days (13 August 2026 to 14 August 2026).
  • Lux Steven F
    Director
    Bought
    Date
    21 September 2026
    Shares
    6,000
    Price
    $4.01
    Value
    $24,060
  • Rice Amy F.
    President and COO
    Sold
    Date
    19 August 2026
    Shares
    5,808
    Price
    $5.61
    Value
    $32,583
  • Lal Rohit
    Director
    Bought
    Date
    14 August 2026
    Shares
    10,000
    Price
    $5.53
    Value
    $55,300
  • Lal Rohit
    Director
    Bought
    Date
    13 August 2026
    Shares
    40,000
    Price
    $5.43
    Value
    $217,200
  • Wright Bradley J.
    Chief Financial Officer
    Bought
    Date
    13 August 2026
    Shares
    4,000
    Price
    $5.55
    Value
    $22,200
  • Rice Amy F.
    President and COO
    Bought
    Date
    13 August 2026
    Shares
    995
    Price
    $5.55
    Value
    $5,522
  • ODELL RICHARD D
    Chief Executive Officer, Director
    Sold
    Date
    18 May 2026
    Shares
    27,191
    Price
    $5.03
    Value
    $136,771
  • ODELL RICHARD D
    Chief Executive Officer, Director
    Sold
    Date
    15 May 2026
    Shares
    33,743
    Price
    $5.08
    Value
    $171,414
  • Wright Bradley J.
    Chief Financial Officer
    Bought
    Date
    15 May 2026
    Shares
    3,800
    Price
    $5.15
    Value
    $19,570
  • Lal Rohit
    Director
    Bought
    Date
    16 March 2026
    Shares
    10,000
    Price
    $6.38
    Value
    $63,800

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

1 serious warning sign in Proficient Auto Logistics’ filings.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 31 Mar 2026, plus the 10-Q filed 14 Aug 2026 and 4 later 8-Ks.

  • Weak checks on its own accounts

    Serious

    The company said its checks on its own accounts did not work at year end. Mistakes could slip into the numbers.

    “Based on the assessment, management determined that the Company’s internal control over financial reporting as of December 31, 2025 was not effective due to the material weaknesses described above.”
    Show the full paragraph
    Our management, including our chief executive officer and chief financial officer, assessed the effectiveness of our internal control over financial reporting as of December 31, 2025 using the criteria established in the updated Internal Control — Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Based on the assessment, management determined that the Company’s internal control over financial reporting as of December 31, 2025 was not effective due to the material weaknesses described above.

    From the 10-K filed 31 March 2026, Item 9A. Controls and Procedures. Read it in the filing

  • One big customer

    Worth knowing

    One customer brings in a big share of sales: 29% last year. Losing that customer would hurt.

    “We have one customer that accounted for 29% and 22% of our combined operating revenue for the year ended December 31, 2025 and 2024, respectively.”

    From the 10-K filed 31 March 2026, Item 1A. Risk Factors. Read it in the filing

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.