QXO (NYSE:QXO) Shares Gap Up – Time to Buy?

QXO, Inc. (NYSE:QXO)’s share price gapped up prior to trading on Monday. The stock had previously closed at $11.56, but opened at $12.65. QXO shares last traded at $13.1140, with a volume of 4,930,327 shares.

Key Headlines Impacting QXO

Here are the key news stories impacting QXO this week:

• Positive Sentiment: QXO expects third-quarter net sales of about $4.90 billion, up 79% year over year and ahead of FactSet’s $4.83 billion estimate. The growth reflects acquisitions, and the preliminary results helped drive the stock’s recent rally. QXO Announces Third Quarter 2026 Preliminary Financial Information
• Positive Sentiment: The preliminary GAAP net loss narrowed to approximately $123 million, from $139 million a year earlier. QXO is scheduled to report full third-quarter results on November 12. QXO Shares Jump 19% On Preliminary Q3 Results
• Neutral Sentiment: CEO Brad Jacobs is set to lead a separate $1 billion venture while retaining his position at QXO. The move may raise questions about his focus, but the reports do not indicate a change in his QXO role. QXO’s Brad Jacobs to Lead $1B Investment in New Venture
• Negative Sentiment: Despite the revenue beat, QXO still expects a substantial net loss. Higher costs and interest expense could weigh on profitability, while Jacobs said the housing environment remains soft—risks to the durability of growth. QXO is Set to Report Q3 Earnings: Here’s What Investors Should Know

Analysts Set New Price Targets

A number of analysts have recently weighed in on QXO shares. DA Davidson set a $20.00 price target on shares of QXO in a report on Friday, October 9th. Benchmark restated a “buy” rating on shares of QXO in a research note on Friday, August 14th. Morgan Stanley initiated coverage on shares of QXO in a report on Tuesday, August 4th. They issued an “overweight” rating and a $35.00 price target on the stock. Zacks Research raised QXO from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th. Finally, Truist Financial decreased their price objective on QXO from $26.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.77.

QXO Trading Down 0.5%

The company has a 50 day simple moving average of $11.76 and a two-hundred day simple moving average of $16.92. The company has a debt-to-equity ratio of 0.66, a quick ratio of 3.29 and a current ratio of 4.11. The firm has a market cap of $14.22 billion, a PE ratio of -15.23, a P/E/G ratio of 3.08 and a beta of 2.42.

QXO (NYSE:QXO) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.18 billion. QXO had a negative net margin of 5.17% and a positive return on equity of 2.41%. Analysts expect that QXO, Inc. will post 0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Center for Financial Planning Inc. acquired a new stake in QXO during the 3rd quarter worth about $26,000. Signaturefd LLC lifted its holdings in shares of QXO by 166.6% in the 3rd quarter. Signaturefd LLC now owns 2,973 shares of the company’s stock valued at $35,000 after buying an additional 1,858 shares during the period. MADDEN SECURITIES Corp purchased a new stake in shares of QXO in the third quarter worth about $36,000. Root Financial Partners LLC purchased a new stake in shares of QXO in the third quarter worth about $37,000. Finally, Heritage Family Offices LLP purchased a new stake in shares of QXO in the third quarter worth about $39,000. 58.68% of the stock is currently owned by institutional investors and hedge funds.

QXO Company Profile

QXO, Inc. is a distributor of building products serving contractors and other customers in the construction industry. Its offerings include roofing materials, waterproofing products and complementary building supplies for residential and commercial projects. QXO expanded its business through its acquisition of Beacon Roofing Supply in 2025, bringing Beacon’s distribution network and product expertise into the company. Beacon serves customers across the United States and Canada. QXO is led by Chairman and Chief Executive Officer Brad Jacobs, an entrepreneur whose previous leadership roles include executive positions at XPO and United Rentals.