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Why QXO (QXO) Stock Is Up Today

Investivoq PriceTracker

QXO, Inc. (QXO) is up 20.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The sharp move appears tied mainly to QXO’s preliminary third-quarter update, which showed strong year-over-year sales and adjusted EBITDA growth as recent acquisitions expanded the business. Investors also may be reacting positively to news that Brad Jacobs is launching another public-company venture while remaining QXO’s chairman and chief executive officer.

Details:

  • QXO announced preliminary third-quarter 2026 net sales of about $4.90 billion, up 79% from the prior-year period.
  • The company also posted preliminary adjusted EBITDA of about $557 million, up 85% year over year, while its GAAP net loss narrowed versus the same quarter last year.
  • Management said the quarter included contributions from Kodiak Building Partners beginning April 1, 2026, and TopBuild beginning July 1, 2026, reinforcing the market’s focus on QXO’s acquisition-driven expansion strategy.
  • A separate announcement tied to Brad Jacobs’ new investment platform said he will continue serving as chairman and CEO of QXO, which may have eased any concern about leadership distraction and supported the stock’s momentum.

    • Sources:

    QXO Investor Relations, GlobeNewswire, SEC

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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    $QXO Hedge Fund Activity

    We have seen 533 institutional investors add shares of $QXO stock to their portfolio, and 218 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • BLACKROCK, INC. added 21,252,280 shares (+84.1%) to their portfolio in Q2 2026, for an estimated $367,239,398
    • UBS GROUP AG added 14,956,865 shares (+98.2%) to their portfolio in Q2 2026, for an estimated $258,454,627
    • MORGAN STANLEY added 11,860,833 shares (+15.9%) to their portfolio in Q2 2026, for an estimated $204,955,194
    • INVESCO LTD. added 9,975,598 shares (+26.2%) to their portfolio in Q2 2026, for an estimated $172,378,333
    • BALYASNY ASSET MANAGEMENT L.P. added 7,594,439 shares (+4521.2%) to their portfolio in Q2 2026, for an estimated $131,231,905
    • MILLENNIUM MANAGEMENT LLC added 7,214,662 shares (+9621.9%) to their portfolio in Q2 2026, for an estimated $124,669,359
    • GEODE CAPITAL MANAGEMENT, LLC added 7,159,383 shares (+77.0%) to their portfolio in Q3 2026, for an estimated $83,693,187

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $QXO Price Targets

    Multiple analysts have issued price targets for $QXO recently. We have seen 3 analysts offer price targets for $QXO in the last 6 months, with a median target of $28.0.

    Here are some recent targets:

    • Jeffrey D. Hammond from Keybanc set a target price of $28.0 on 07/01/2026
    • Anthony Pettinari from Citigroup set a target price of $28.0 on 05/15/2026
    • Trey Grooms from Stephens & Co. set a target price of $26.0 on 05/14/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.