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Investing.com - DA Davidson has reiterated a Buy rating on REV Group (NYSE:REVG) following analysis of August RV chassis data, which showed significant year-over-year growth in the industry. The company’s stock has demonstrated remarkable momentum, with a 115% return over the past year and nearly 88% growth in the last six months. According to InvestingPro analysis, REV Group is currently trading near its Fair Value.
According to DA Davidson analyst Michael Shlisky, industry RV chassis orders surged 224% year-over-year in August, albeit from a low base during an off-peak season. Production figures also showed strong growth, increasing 101% compared to the same period last year. This aligns with broader analyst optimism, as InvestingPro data shows three analysts have recently revised their earnings estimates upward for the upcoming period.
The data from ACT covers Class 5-7 chassis, which correspond to many Class A and C motorhomes that represent a key earnings driver for REV Group’s business.
DA Davidson noted that despite industry-wide orders reportedly declining at the recent Hershey RV show, REV Group indicated its own orders actually increased during the event.
Based on these developments, DA Davidson believes REV Group’s Recreation segment will contribute more significantly to EBITDA in upcoming quarters, complementing what it describes as "a very strong Fire business."
In other recent news, Rev Group Inc . reported its fiscal third-quarter 2025 earnings, significantly surpassing analysts’ expectations. The company posted an earnings per share (EPS) of $0.79, compared to the forecasted $0.63. Additionally, Rev Group’s revenue reached $644.9 million, exceeding projections. Following these results, the company has raised its full-year revenue and adjusted EBITDA guidance, indicating confidence in its ongoing performance. These developments have been met with positive reception from the market. Analysts have noted the company’s strong quarterly performance, but there are no updates on any upgrades or downgrades from major firms. These recent developments highlight Rev Group’s robust financial health. No mergers or other company news have been announced at this time.
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