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Investing.com - DA Davidson has reiterated a Buy rating on REV Group (NYSE:REVG), maintaining its positive outlook on the recreational vehicle manufacturer. The stock has shown remarkable momentum, delivering a 92% return over the past six months. According to InvestingPro data, analysts maintain a strong bullish consensus with price targets ranging between $64-68.
The firm’s analysis follows encouraging industry data showing RV chassis orders increased 175% year-over-year in September, while production rose 110% during the same period.
DA Davidson acknowledges these significant percentage increases come from a low base during the current cycle’s trough but considers the trends promising for REV Group’s business outlook.
The research note highlighted REV Group’s recent comment that its RV orders were up "meaningfully" at the recent Hershey RV Show, suggesting positive momentum in consumer demand.
While industry inventories are increasing, DA Davidson points out that backlogs are also growing, leading the firm to anticipate REV Group’s RV business will make a larger contribution to overall EBITDA in the future.
In other recent news, REV Group Inc. reported its fiscal third-quarter 2025 earnings, which exceeded expectations with an earnings per share of $0.79 against a forecasted $0.63. The company’s revenue also surpassed projections, reaching $644.9 million. Following these strong earnings results, REV Group has raised its full-year revenue and adjusted EBITDA guidance. Additionally, the company experienced increased recreational vehicle sales at two major industry events, with a notable 66% rise in sales for its American Coach luxury Class A diesel brand compared to 2024. At the 56th Annual America’s Largest RV Show in Hershey, Pennsylvania, the company sold 40 units, marking a 20% increase from last year. In another development, DA Davidson reiterated a Buy rating on REV Group, highlighting significant year-over-year growth in RV chassis orders, which surged 224% in August. Production figures also showed robust growth, increasing 101% compared to the previous year. These recent developments reflect a positive trajectory for the company in the RV industry.
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