Landstar CEO Buys $715,000 in Stock After Post-Earnings Plunge

Barchart·11/02/2026 19:34:17

Landstar System ($LSTR) CEO Frank Lonegro purchased approximately $715,000 of company stock on October 30, two days after shares fell roughly 17% following quarterly earnings. The purchase, disclosed November 2, is the first insider buy shown in the available trading history since March 2022.

• Lonegro purchased 5,000 shares at a weighted average price of $142.9238, spending $714,619.
• The transaction increased his directly held shares to 28,110, approximately 22% above his previous holdings.
• The last previous purchase was director Homaira Akbari’s acquisition of 500 shares on March 15, 2022.
• Landstar’s October 27 earnings report showed third-quarter revenue increased 25% year over year to $1.512 billion.
• Earnings of $1.42 per share fell below the $1.67 analyst estimate reported by TheStreet.
• Insurance and claims costs rose to $55.3 million from $33 million a year earlier, including $13 million in reserve adjustments and $8 million related to prior-year accident settlements.

Relevant Companies

• Landstar System ($LSTR): CEO increased his holdings following the earnings-related selloff.

Editor’s Note: This is a developing story. This article may be updated as more details become available.

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