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Investing.com - DA Davidson has reiterated its Buy rating on Blue Bird Corp (NASDAQ:BLBD), a company currently valued at $1.86 billion, following July bus industry data showing a substantial increase in school bus orders. According to InvestingPro data, the stock has delivered an impressive 66% return over the past six months.
The data revealed a 128% year-over-year increase in school bus orders for July, which DA Davidson described as a surprising result for this time of year. The firm noted that orders had previously declined year-over-year for four consecutive months. This turnaround aligns with Blue Bird’s strong financial health, reflected in its Excellent overall score of 3.8 on InvestingPro’s comprehensive assessment system.
DA Davidson suggested that Blue Bird’s recent initiative to provide price certainty amid tariffs may have encouraged some customers to move forward with purchases they had been delaying.
Production was also up 10% year-over-year in what the firm called "one of the most-important months of the year" for the industry.
The research firm indicated that Blue Bird continues to succeed in the current environment, with most volume improvements coming from aged fleets while margin improvements are internally driven rather than related to electric vehicle mix.
In other recent news, Blue Bird Corporation reported its fiscal Q3 2025 earnings, surpassing analysts’ expectations. The company achieved an earnings per share (EPS) of $1.19, exceeding the forecasted $1.00. Additionally, Blue Bird reported a revenue of $398 million, which was higher than the anticipated $377.64 million. Following these results, Needham raised its price target on Blue Bird to $53 from $49, while maintaining a Buy rating. Needham highlighted the company’s strong execution despite low expectations. These developments reflect positively on Blue Bird’s recent performance and strategic direction.
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