Down 54%, Is It Time to Buy a Discount on This Growth Stock?

GXO Logistics (NYSE: GXO) is the largest pure-play contract logistics company in the world.

The company was separated from XPO in 2021 under the logic that, as separate companies, each could make acquisitions in their own interest and allocate capital as best suited them.

GXO has executed on that vision, making three acquisitions in three years and growing organically as well. However, a sluggish economy presented challenges for the company. Overstocking from the pandemic has meant many of its customers have focused on destocking over the past year, and the manufacturing economy has also been sluggish.

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