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Wabash National Corporation (WNC) Options Positioning, Max Pain & Unusual Sweeps

$11.74 -11.46% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $11.48

Wabash National Corporation (WNC) carries a Roarable Rating of D (Sell) with 49/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D • SELL / AVOID Cap $478.3M
📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is WNC stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
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As of 2026-11-03, Wabash National Corporation (NYSE: WNC) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 49/100 at a spot price of $11.74 (-11.46% 1D, market cap $478.3M). Pillar breakdown: Fundamental Cash Engine 11/20, Institutional 13F & Options Flow 8/20, SEC Balance-Sheet Forensics 14/20, FRED Macro Regime Fit 8/20, and Executive Insider Alignment 8/20. Across 486 tracked Industrials issuers, WNC ranks #238 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does WNC compare to HY and CMCO in the Industrials sector?
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Within the Industrials sector (Construction/Ag Equipment/Trucks), WNC carries a Roarable D (49/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of 31.2%. By comparison, HY (Hyster-Yale Inc. (Class A)) holds a D- grade (37/100 RQD, P/E N/A, ROIC -3.7%, cap $510.8M) and CMCO (Columbus McKinnon Corporation) posts a E grade (26/100 RQD, P/E N/A, ROIC -10.6%, cap $432.1M). Among the 5-stock peer group, ASTE leads on earnings multiple (23.7x) while WNC leads on capital efficiency (31.2% ROIC).

✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for WNC?
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Per WNC's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000879526), Wabash National Corporation generated $1.54B in revenue (-20.8% YoY), $211.5M in net income, and -$13.0M in free cash flow against $1.17B in total assets and $442.9M in total debt. Key quantitative strengths: Established market leader in Industrials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief
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INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
EXT / AFTER-HRS: $11.48 (-2.25%)🧬 Disciplined Float (+1.08% YoY Shares)⚙️ Cash Engine: 11/20 (D+) • 0% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record Warning: Scores below 50 (49/100 · D) historically underperformed SPY in 71% of rolling 90-day windows (-5.4% avg 90D alpha vs SPY • 29.0% hit rate).
Audit Bucket Track Record →
RQD QUANT TACHOMETERSELL / AVOID • D
025507510049
JEV AI Jury Split (Battleground)
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D · Rk D+
Cash (11)Whales (8)SEC (14)Macro (8)CEO (8)
Each axis scored 0–20
12M PRICE TARGET CONE-4.1% Base Target
$15 Bull$11 Base$9 Bear
📬 FREE WNC RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for WNC)Realized 20D OHLCV Swing Band: ±12.5%
Deterministic 5-Pillar Attribution (49/100 Composite)
🔍 WHY WNC SCORES 49/100 (D) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: SEC 10-K Forensic Risk+14/20 pts (29% of score)

Altman Z-Score 3.07 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 4/9

▲ #2 Bullish Driver: Cash Engine Quality+11/20 pts (22% of score)

SEC XBRL FY 2025 (10-K): 0% FCF Margin ($0 FCF) & 52% Gross Margin

▼ #1 Drag / Risk Factor: Insider Conviction & Share Dilution8/20 pts (-12 pt drag)

Disciplined Float (+1.08% YoY Shares) & executive Form 4 sales trim 12 pts from alignment

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
57
Grade C$13.47-5.5% Next Q
Q2 (-2Q)
54
Grade C-$12.73+8.3% Next Q
Q3 (-1Q)
52
Grade C-$13.79-14.9% Next Q
Current
49
Grade D$11.74-5.4% Hist 90D α
Trajectory: C (57) → D (49)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a WNC Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While WNC currently carries a cautious 49/100 (D) rating due to Insider Conviction & Share Dilution (8/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Industrials with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($12.90) and Max Pain ($12.33) forces dealer call-delta covering toward $15.28.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Disciplined Float (+1.08% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $WNC• $2.4M Crowd Pool • Kalshi / Polymarket Composite
Contract: “WNC Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”
YES 49%NO 51%Trade / Inspect Odds →
CALL VS. PUT WHALE SHARE
— (No Active Options Snapshot)
Put/Call Ratio: — (No Active Options Snapshot)
MAX-PAIN EXPIRATION MAGNET
— (No Active Options Snapshot)
No active options chain max-pain snapshot on file
HISTORICAL 20D VOLATILITY SWING
±12.5%
Derived from 20D OHLCV bars (No Active Options Snapshot)

Active Strike Call vs. Put Concentration Ladder (WNC)

— (No Active Options Snapshot) — No unusual CBOE strike concentration anomalies recorded in the current database snapshot for WNC.

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Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring WNC)

  • ✓Walkthrough of WNC's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • ✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • ✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
RQD INSIDER CLUB WAITLIST$49/YR PLANNED
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WNC // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +54.47%🛡️ HOLDING TREND SUPPORT
2026-11-03O $13.26H $13.26L $11.74C $11.74VOL 1.89M
RES: $14.62SUP: $11.34SMA50: $12.90SMA200: $10.88
$15.10$12.81$10.51$8.21$5.92RES $14.62SUP $11.34$11.742026-05-042026-06-172026-08-042026-09-182026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

WNC Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 WNC Butterfly Map → + Track WNC →
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
-15.0%/yr Implied 5Y Growth

vs. -20.8% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on WNC today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for WNC. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for WNC today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (WNC)

Industrials Rank #238 of 486 ⚔️ HY vs WNC Full Matrix →

1. Head-to-Head Industrials Peer Comparison (WNC vs. HY, CMCO, MTW, ASTE)

Industry: Construction/Ag Equipment/Trucks (14 Tracked Issuers)

Across 486 tracked Industrials securities in the Roarable RQD universe, Wabash National Corporation (WNC) ranks #238 by composite RQD confidence (49/100, grade D) and #299 by equity capitalization ($478.3M). Within this direct 5-issuer industry benchmark cohort, ASTE leads on earnings valuation at 23.7x trailing P/E, while WNC leads on capital efficiency and profitability with 31.2% ROIC and — gross margin. WNC currently leads its immediate peer cohort in composite quantitative strength at 49/100 (D).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
WNC ACTIVE
Wabash National Corporation
D 49/100 — — 31.2% -11.46% $478.3M Benchmark Subject
HY
Hyster-Yale Inc. (Class A)
D- 37/100 — 16.8% -3.7% -2.90% $510.8M /hy-vs-wnc →
CMCO
Columbus McKinnon Corporation
E 26/100 — 30.1% -10.6% -1.84% $432.1M /cmco-vs-wnc →
MTW
Manitowoc Company Inc.
D 46/100 119.2x 18.1% 6.9% -3.23% $830.5M /mtw-vs-wnc →
ASTE
Astec Industries Inc.
D 48/100 23.7x 26.5% 5.6% -1.60% $904.2M /aste-vs-wnc →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0000879526 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Wabash National Corporation (WNC) reported GAAP revenue of $1.54B (-20.8% vs. FY2024 revenue of $1.95B , and -39.2% cumulative change since FY2023) , GAAP net income of $211.5M, operating cash flow of $11.7M, and free cash flow of -$13.0M (-128.9% YoY). On the balance sheet, WNC closed FY2025 with $1.17B in total assets against $442.9M in total debt (Altman Z-Score: 3.07, Piotroski F-Score: 4/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-31 $1.54B $211.5M $11.7M -$13.0M $1.17B $442.9M
FY2024 (FY) 2024-12-31 $1.95B -$284.1M $117.3M $45.1M $1.41B $397.1M
FY2023 (FY) 2023-12-31 $2.54B $231.3M $319.6M $319.6M — —

3. WNC Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is WNC stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, Wabash National Corporation (NYSE: WNC) is rated D (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 49/100 at a spot price of $11.74 (-11.46% 1D, market cap $478.3M). Pillar breakdown: Fundamental Cash Engine 11/20, Institutional 13F & Options Flow 8/20, SEC Balance-Sheet Forensics 14/20, FRED Macro Regime Fit 8/20, and Executive Insider Alignment 8/20. Across 486 tracked Industrials issuers, WNC ranks #238 in composite RQD confidence.

How does WNC compare to HY and CMCO in the Industrials sector?

Within the Industrials sector (Construction/Ag Equipment/Trucks), WNC carries a Roarable D (49/100 RQD), trailing P/E of N/A, gross margin of —, and ROIC of 31.2%. By comparison, HY (Hyster-Yale Inc. (Class A)) holds a D- grade (37/100 RQD, P/E N/A, ROIC -3.7%, cap $510.8M) and CMCO (Columbus McKinnon Corporation) posts a E grade (26/100 RQD, P/E N/A, ROIC -10.6%, cap $432.1M). Among the 5-stock peer group, ASTE leads on earnings multiple (23.7x) while WNC leads on capital efficiency (31.2% ROIC).

What are the biggest fundamental strengths and SEC risk factors for WNC?

Per WNC's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000879526), Wabash National Corporation generated $1.54B in revenue (-20.8% YoY), $211.5M in net income, and -$13.0M in free cash flow against $1.17B in total assets and $442.9M in total debt. Key quantitative strengths: Established market leader in Industrials with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.

Where is WNC trading relative to its 50-day, 200-day, and 52-week technical levels?

WNC last traded at $11.74 (-11.46% on volume of 1,894,234 shares), positioning the stock -8.99% below its 50-day simple moving average ($12.90) and +7.90% above its 200-day simple moving average ($10.88). Across its 52-week range of $6.63 to $14.55, WNC sits at the 64.5% percentile with a 14-day RSI of 42.2 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($10.27 to $13.21).

Direct Sub-Reports: WNC RQD Cockpit WNC 12M Forecast WNC Earnings & Move WNC Dividends & DRIP WNC Insiders & 13F WNC Whale Options WNC Profit Sankey WNC News & Why
ROARABLE RATING BRIEF • RQD 49/100 (D) ✓ SEC XBRL & RQD VERIFIED

WNC — Wabash National Corporation: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Wabash National Corporation (WNC) earns a live Roarable RQD composite score of 49/100, corresponding to a D letter grade (Roarable Sell) at a spot price of $11.74 (-11.46% 1D, market capitalization $478.3M).

  • Fundamental Cash Engine (11/20): Anchored by return on invested capital (ROIC) of 31.2%, gross margin of —, operating margin of 19.9%, and free cash flow yield of -2.41%.
  • Whale 13F & Options Flow (8/20) + Insider Conviction (8/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (8/20) + Forensic Balance Sheet (14/20): Incorporates a 1.00x equity beta, Altman Z-Score of 3.07, Piotroski F-Score of 4/9, and Debt/Equity of 1.21x.

2. Business Model, Unit Margins & SEC Financial Trajectory

Wabash National Corporation is a NYSE-listed issuer classified in the Industrials sector, Construction/Ag Equipment/Trucks industry..5B.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Wabash National Corporation (WNC) reported $1.54B in annual revenue (up from $1.95B in FY2024, -20.8% YoY) and $211.5M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($2.54B revenue, $231.3M net income) through FY2025, WNC scaled operating cash flow to $11.7M and free cash flow to -$13.0M, backed by $1.17B in total assets against $442.9M in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • 🐂 Primary Bull Case (D • RQD 49/100): Established market leader in Industrials with deep daily trading liquidity. Free cash flow yield of -2.41% and institutional whale pillar of 8/20. With Fundamental Cash Engine at 11/20 and Institutional Whale Flow at 8/20, sustained execution supports upside toward the upper end of the $6.63 – $14.55 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Company executives have done more routine share selling than personal cash buying lately. Investors must weigh current valuation and 2.9x EV/EBITDA against 19.9% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

— The Butterfly Supply-Chain Graph lists no upstream or downstream links, no sector correlations, and no proprietary signals for WNC..

  • Key Question #1: Can WNC sustain or expand its 19.9% operating margin and 31.2% ROIC against Construction/Ag Equipment/Trucks peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $1.54B and free cash flow of -$13.0M, how will capital allocation balance growth reinvestment against $442.9M in total debt?
  • Key Question #3: How sensitive is WNC's equity valuation to Industrials capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

WNC Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Wabash National Corporation (WNC) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to WNC Debate Forum (3) ↓
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

WNC Bull vs. Bear Conversation Board — What's Your Call at $11.74?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON WNC 🐻 33% BEARISH CONVICTION
1. Pick Your Side on WNC:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
BR BreakoutHunter RQD DEBATE OPENER • Swing & Catalyst Trader 🐂 BULLISH 🎯 Target: $14.09 (+20.0%)
📌 Pinned Debate

Orders waiting to be filled rose 25% to about $1.2 billion, and EV/EBITDA of 2.9 with ROIC of 31.2% suggests strong capital returns at

Long WNC at $11.74 targeting $14.09. Orders waiting to be filled rose 25% to about $1.2 billion, and EV/EBITDA of 2.9 with ROIC of 31.2% suggests strong capital returns at a low valuation.. Institutional whale score is 8/20 and the risk/reward vs. the $6.63 52-week low is skewed heavily in favor of bulls.

RetailWhale_TX 🐂 BULL

@FadeTheHype Shorting a 8/20 institutional whale-flow stock at $11.74 is dangerous when funds are rotating into Industrials.

FA FadeTheHype RQD DEBATE OPENER • Contrarian Tape Reader 🐻 BEARISH 🎯 Target: $9.86 (-16.0%)
Spot @ $11.74

A wider-than-expected Q3 2026 loss and negative FY 2025 free cash flow of -$13.0M leave the high ROIC unsupported by cash generation.

Sitting on the sidelines or leaning short WNC above $11.74. A wider-than-expected Q3 2026 loss and negative FY 2025 free cash flow of -$13.0M leave the high ROIC unsupported by cash generation.. Until Fundamental Cash Engine (11/20) and FCF yield (-2.41%) inflect higher, upside is capped near $14.55.

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