How to buy Old Dominion Freight Line stock

Old Dominion Freight Line, Inc is a trucking business based in the US. Old Dominion Freight Line shares (ODFL) are listed on the NASDAQ and all prices are listed in US Dollars. Old Dominion Freight Line employs 19,630 staff and has a trailing 12-month revenue of around USD$4 billion.

How to buy shares in Old Dominion Freight Line

1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
3. Search for Old Dominion Freight Line. Find the stock by name or ticker symbol: ODFL. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Old Dominion Freight Line reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Old Dominion Freight Line, depending on your broker.
6. Check in on your investment. Congratulations, you own a part of Old Dominion Freight Line. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Old Dominion Freight Line share price

Use our graph to track the performance of ODFL stocks over time.

Old Dominion Freight Line shares at a glance

• Key figures

Information last updated 2021-02-24.

52-week range	USD$105.5493 - USD$217.15
50-day moving average	USD$204.9774
200-day moving average	USD$198.6757
Wall St. target price	USD$222.13
PE ratio	37.257
Dividend yield	USD$0.6 (0.28%)
Earnings per share (TTM)	USD$5.68

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Is it a good time to buy Old Dominion Freight Line stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Old Dominion Freight Line, Inc by TradingView

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Old Dominion Freight Line financials

Revenue TTM	USD$4 billion
Operating margin TTM	22.59%
Gross profit TTM	USD$1.5 billion
Return on assets TTM	13.55%
Return on equity TTM	21%
Profit margin	16.75%
Book value	$28.402
Market capitalisation	USD$24.8 billion

TTM: trailing 12 months

Shorting Old Dominion Freight Line shares

There are currently 1.5 million Old Dominion Freight Line shares held short by investors – that's known as Old Dominion Freight Line's "short interest". This figure is 11.6% down from 1.7 million last month.

There are a few different ways that this level of interest in shorting Old Dominion Freight Line shares can be evaluated.

Old Dominion Freight Line's "short interest ratio" (SIR)

Old Dominion Freight Line's "short interest ratio" (SIR) is the quantity of Old Dominion Freight Line shares currently shorted divided by the average quantity of Old Dominion Freight Line shares traded daily (recently around 697446.36363636). Old Dominion Freight Line's SIR currently stands at 2.2. In other words for every 100,000 Old Dominion Freight Line shares traded daily on the market, roughly 2200 shares are currently held short.

However Old Dominion Freight Line's short interest can also be evaluated against the total number of Old Dominion Freight Line shares, or, against the total number of tradable Old Dominion Freight Line shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Old Dominion Freight Line's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Old Dominion Freight Line shares in existence, roughly 10 shares are currently held short) or 0.0159% of the tradable shares (for every 100,000 tradable Old Dominion Freight Line shares, roughly 16 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Old Dominion Freight Line.

Find out more about how you can short Old Dominion Freight Line stock.

Have Old Dominion Freight Line's shares ever split?

Old Dominion Freight Line's shares were split on a 3:2 basis on 25 March 2020. So if you had owned 2 shares the day before before the split, the next day you'd have owned 3 shares. This wouldn't directly have changed the overall worth of your Old Dominion Freight Line shares – just the quantity. However, indirectly, the new 33.3% lower share price could have impacted the market appetite for Old Dominion Freight Line shares which in turn could have impacted Old Dominion Freight Line's share price.

Old Dominion Freight Line share price volatility

Over the last 12 months, Old Dominion Freight Line's shares have ranged in value from as little as $105.5493 up to $217.15. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Old Dominion Freight Line's is 0.9995. This would suggest that Old Dominion Freight Line's shares are less volatile than average (for this exchange).

Old Dominion Freight Line overview

Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting. As of December 31, 2019, it owned 9,296 tractors, as well as operated 236 service and 42 maintenance centers. Old Dominion Freight Line, Inc. was founded in 1934 and is based in Thomasville, North Carolina.

Frequently asked questions

• What percentage of Old Dominion Freight Line is owned by insiders or institutions?

  Currently 12.655% of Old Dominion Freight Line shares are held by insiders and 73.726% by institutions.

• How many people work for Old Dominion Freight Line?

  Latest data suggests 19,630 work at Old Dominion Freight Line.

• When does the fiscal year end for Old Dominion Freight Line?

  Old Dominion Freight Line's fiscal year ends in December.

• Where is Old Dominion Freight Line based?

  Old Dominion Freight Line's address is: 500 Old Dominion Way, Thomasville, NC, United States, 27360

• What is Old Dominion Freight Line's ISIN number?

  Old Dominion Freight Line's international securities identification number is: US6795801009

• What is Old Dominion Freight Line's CUSIP number?

  Old Dominion Freight Line's Committee on Uniform Securities Identification Procedures number is: 679580100