Core Insights - PACCAR Inc. reported second-quarter earnings per share of $1.37, surpassing analyst expectations of $1.34, while quarterly sales of $6.962 billion fell short of the anticipated $6.979 billion [1] Group 1: Financial Performance - The company's second-quarter earnings exceeded analyst consensus, indicating strong profitability [1] - Quarterly sales slightly missed estimates, suggesting potential challenges in revenue generation [1] Group 2: Strategic Investments - PACCAR's investments in new truck models, advanced manufacturing, and technology-enabled aftermarket solutions are expected to drive growth for both customers and the company [2] Group 3: Stock Performance and Analyst Ratings - Following the earnings announcement, PACCAR shares increased by 3.2%, reaching a trading price of $101.73 [2] - Truist Securities analyst maintained a Hold rating and reduced the price target from $102 to $98 [4] - JP Morgan analyst kept a Neutral rating and raised the price target from $95 to $97 [4] - UBS analyst upgraded PACCAR from Sell to Neutral and increased the price target from $81 to $100 [4]