Forward Air is trading up +9.04% at $19.34 after investors continued rewarding August 5 earnings showing record $673 million revenue and $93 million consolidated EBITDA despite a $244 million non-cash goodwill impairment.
- Record quarterly revenue exceeded expectations, reinforcing operational recovery.
- Management highlighted major-customer retention and asset-sale progress, improving confidence in the stabilization plan.
- Stifel reiterated its Buy rating and raised its price target to $27 from $19, adding support to the ongoing rally.