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Investing.com - Benchmark maintained its Hold rating on Holley (NYSE:HLLY) stock on Tuesday. The automotive aftermarket company, currently valued at $247 million, trades at an attractive 0.58 times book value. According to InvestingPro analysis, the stock appears undervalued at current levels.
The research firm’s decision to reiterate its neutral stance on the automotive aftermarket company comes ahead of a scheduled management call later this week.
Benchmark has organized a group call with Holley’s leadership team, including CEO Matt Stevenson and CFO Jesse Weaver, for Thursday, July 17, at 10:30 ET.
The call will provide an opportunity for investors and analysts to hear directly from Holley’s top executives about the company’s operations and strategy.
Holley specializes in designing, manufacturing, and marketing high-performance automotive products for car and truck enthusiasts.
In other recent news, Holley Inc. reported its first-quarter 2025 financial results, revealing a mixed performance. The company exceeded revenue forecasts with $153.04 million, surpassing the expected $148.83 million, but missed earnings per share (EPS) expectations, reporting $0.02 against a forecast of $0.05. Despite the revenue beat, Holley experienced a decline in profitability, with adjusted EBITDA falling about 5% below expectations. Canaccord Genuity responded by maintaining a Buy rating for Holley but revised its price target downward from $6 to $5. The firm noted that Holley’s first-quarter sales were approximately 3% higher than market consensus, yet profitability concerns lingered due to lower-than-expected EPS. Holley has announced an 8.75% price increase, effective June 9, to counteract tariff impacts, which the company believes will not significantly affect demand. Canaccord Genuity remains optimistic about Holley’s prospects, suggesting potential upside once tariff concerns are resolved.
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