RXO, Inc. (RXO) Stock Price & How to Invest

RXO, Inc. was created in November 2022 when XPO spun off its asset-light North American brokered transportation business. The company does not own tractors or trailers. It sells capacity to shippers, buys it from independent carriers, and keeps the spread, which is why revenue is large (~$6.1 billion trailing twelve months) and margins are thin. Truck brokerage is roughly 74% of revenue, with two complementary businesses making up the rest: Last Mile (~18%), which delivers heavy goods like appliances and furniture into homes, and Managed Transportation (~8%), which runs outsourced freight departments for large shippers under multi-year contracts. In September 2024 RXO paid about $1.025 billion for Coyote Logistics from UPS, roughly doubling brokerage volume and moving RXO into the top three North American truck brokers behind C.H. Robinson and Total Quality Logistics.

The defining event of 2026 is the sale of the company. On October 5, 2026 C.H. Robinson, the largest North American truck broker, announced an agreement to buy RXO for $17.25 in cash plus about 0.0856 C.H. Robinson shares for each RXO share, a headline value of $30.25 per share and about $5.8 billion in total. The mix is roughly 57% cash and 43% stock, and RXO holders would own about 11% of the combined company. C.H. Robinson plans to fund the cash portion with about $3 billion of new debt, has paused buybacks until its leverage falls back to 1.75 to 2.25 times adjusted EBITDA (targeted by the end of 2028), and is targeting about $300 million of annual net cost savings within two years of closing. Closing is expected in the first half of 2027. C.H. Robinson's own shares fell nearly 11% on the announcement, and at around $130 per C.H. Robinson share the package is worth about $28.40, close to RXO's October 16, 2026 close of about $28.30.

Before the deal, RXO was a cycle call with a legal overlay. Freight had been in an unusually long downturn since 2022, and in 2026 pricing finally turned as carriers left the market and spot rates moved above contract rates for the first time since 2021. Second-quarter 2026 revenue jumped to about $1.77 billion, up about 25% year over year, adjusted EPS of $0.06 beat the $0.04 estimate, and the GAAP net loss narrowed to about $9 million from about $36 million in the first quarter. The Supreme Court's Montgomery decision in May reopened the question of what brokers owe when a carrier they hired causes a crash, and the shares fell back in late July. RXO stock is up about 120% year to date and about 59% over the past year as of October 16, 2026, including about 40% in the past month on the takeover. RXO is scheduled to report third-quarter results on November 5, 2026.

The main risk now is the deal itself. A merger of the largest and third-largest North American truck brokers can draw antitrust scrutiny, and closing depends on the conditions in the merger agreement, so a delay or a failed deal would leave RXO trading on its own fundamentals again, likely well below the current price. Because about 43% of the consideration is C.H. Robinson stock, RXO holders are exposed to C.H. Robinson's share price, which fell nearly 11% on the announcement and drew a Deutsche Bank downgrade in October 2026 over leverage from the roughly $3 billion of new debt. The legal question has not gone away either: on 14 May 2026 the Supreme Court ruled unanimously in Montgomery v. Caribe Transport II that state negligent-hiring claims against freight brokers are not preempted by federal law, and a jury subsequently returned a roughly $604 million verdict involving C.H. Robinson, so the combined company would carry that exposure at greater scale. On a standalone basis RXO is still loss-making, with a trailing net loss of about $105 million, about $728 million of debt and only about $15 million of cash at mid-2026.

13 analysts publish price targets on RXO, averaging $27.96 against a $27.82 price as of November 2026, or +0.5%. The published targets run from $19.00 to $33.00, a moderate spread, and the ratings split 3 buy, 15 hold, 0 sell. Over the last six months there have been 7 raises and 4 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full RXO forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on RXO, Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. The C.H. Robinson deal sets the value. Each RXO share is to receive $17.25 in cash and about 0.0856 C.H. The most optimistic published target, $33.00, assumes this works close to its best case.

The case against. The main risk now is the deal itself. The most pessimistic target, $19.00, is roughly what RXO is worth if this bites instead.

Read the full bull and bear case on RXO, including what would have to change to break either one. Walnut is not an investment adviser.

No. RXO, Inc. (RXO) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see RXO, Inc.'s investor relations page or your broker.

• Deal terms (C.H. Robinson): $17.25 cash + ~0.0856 CHRW shares per RXO share; ~$5.8B total; close expected 1H 2027
• Revenue (TTM): ~$6.1B
• Q2 2026 revenue (YoY): ~$1.77B (+25%)
• Net income (TTM): ~-$105M (~-$0.62 per share)
• Market cap: ~$4.7B (~$28.30 per share)
• Price-to-sales (TTM): ~0.8x
• Debt / cash: ~$728M / ~$15M

Earnings multiples no longer explain the RXO share price. With a signed sale to C.H. Robinson, the stock trades close to the value of $17.25 in cash plus about 0.0856 C.H. Robinson shares, about $28.40 when C.H. Robinson is at $130, against an October 16, 2026 close of about $28.30. Any gap between the two is the market's price for the time to closing in the first half of 2027 and the risk that the deal does not complete.

Other names that sit close to RXO: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get RXO exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so RXO sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where RXO fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

RXO is now a pending acquisition: its shares are priced off C.H. Robinson's stock plus $17.25 in cash, so the main questions for a holder are whether the deal closes on schedule in the first half of 2027 and what C.H. Robinson's share price does in the meantime, not whether RXO's own freight recovery arrives.

Whether RXO is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is RXO a buy or a sell?, and where the stock could go from here in the RXO stock forecast.

For income investors, whether RXO pays a dividend and how the payout looks is covered in does RXO pay a dividend? And to weigh RXO against a peer, read the full side-by-side comparisons: RXO vs UBER.