Truck Giant Stock Surges 6%... Market Cap Increases by 6 Trillion Won in One Day

PACCAR Inc. (NASDAQ: PCAR) shares rose 6.38% to close at $127.12 on the Nasdaq on July 6. Its market capitalization expanded to about $66.9 billion (roughly KRW 87 trillion), marking a one-day gain of around $4.6 billion (approximately KRW 6 trillion). Trading volume was about 3.1 million shares, indicating momentum-driven buying.

In the first quarter of 2026, PACCAR delivered revenue of over $6.7 billion, surpassing market expectations. However, its share price had been under pressure as investors focused on a potential economic slowdown and margin squeezes. With second-quarter results expected on July 28, the market is now betting on upward revisions to annual earnings growth forecasts and a possible valuation rerating.

Headquartered in Bellevue, Washington, PACCAR is a top-three global manufacturer of commercial and heavy-duty trucks, owning the Kenworth, Peterbilt, and DAF brands. Founded in 1905 as the Pacific Car and Foundry Company, this long-standing, family‐led enterprise is seen as a bellwether for the global truck cycle and North American logistics and construction sectors.