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Byline: Juan Carlos Arancibia
Knight Transportation shares, which have been consolidating since mid-March, are now about 5% from an all-time high.
The short- to medium-haul trucking company serves most of the U.S. with a fleet of about 2,800 trucks.
Knight's earnings per share grew 23% to 47% over the past four quarters. Its three-year EPS growth is 29% and one of the highest in IBD's database in terms of stability.
The company has passed on at least some rising fuel costs to customers via surcharges.
The stock advanced about 50% from a breakout in July 2004 to a mid-March peak, despite the run-up in oil prices.
Far ...