What happened CAI International (NYSE: CAI), a transportation finance and logistics company, saw its stock plummet Thursday morning, leaving it down 15.1% as of 12:05 p.m. EST. On Wednesday night, CAI reported Q4 earnings that fell far short of Wall Street expectations. Analysts had been looking for CAI to report profits of $1.07 per share on sales of $121.2 million. Instead, it said it earned only $0.89 per share on sales of $115.6 million. CAI International, which provides shipping containers among other services, disappointed investors in the fourth quarter. Image source: Getty Images. So what What's worse, although CAI's sales represented 23% growth over Q4 2017 levels, profits plunged by more than half from the $1.81 per share in the year-ago quarter. Recognizing this, management urged investors to focus on the company's performance for the whole year instead, and not fixate on a single quarter's results. "2018 was a tremendous year for our company as we expanded each of our core businesses," CEO Victor Garcia wrote in commenting on the results. Both lease-related revenue and logistics revenue hit new records for the company, and despite Q4's disappointment, full-year profits of $3.71 per diluted share were actually up from the $3.68 earned in fiscal 2017. What's more, Garcia said, even if Q4 results were down year over year, they "remained very strong," and CAI maintained 99.2% utilization of its container fleet. Now what Although management did not include guidance for the new year in its earnings release, Garcia said that "with utilization at 99% and 92% of our on-lease owned fleet ... on long-term committed leases," CAI is entering 2019 "from a position of strength." Analysts are predicting CAI will earn $4.25 per diluted share this year -- nearly 15% growth over 2018 levels. With CAI stock selling for less than 5 times earnings after its sell-off, investors may be jumping off this train too early. 10 stocks we like better than CAI International, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and CAI International, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of January 31, 2019Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.