Landstar System shares fell 15.7% by 11:10 a.m. ET Wednesday after mixed results. Adjusted profit of $1.42 per share missed the $1.67 estimate, though sales of $1.51 billion beat expectations and profit rose 154% year over year despite insurance and claim costs that cut $0.47 per share. The company gave no guidance, while analysts expect $5.83 per share in earnings this year, up 45% from 2025. At nearly 44 times trailing earnings, the author argues the stock is probably overvalued if earnings grow about 15% a year, as most analysts expect over five years, and says investors are right to be selling.
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