Newegg commerce: Galkin family buys $5.8M in NEGG stock
Rev Group Inc (NYSE:REVG)’s stock has reached an all-time high, climbing to a price of $50.31, pushing its market capitalization to $2.45 billion. According to InvestingPro analysis, the stock is currently trading at Fair Value levels, though technical indicators suggest it may be entering overbought territory. This milestone reflects a significant upward trend, with the stock delivering an impressive year-to-date return of 58.16% and a remarkable one-year gain exceeding 102%. The surge in Rev Group’s stock price highlights strong investor confidence and positive market sentiment, supported by the company’s GREAT Financial Health Score. This achievement marks a notable period of growth and success for Rev Group, as it continues to make strides in its industry. Discover 14 additional key insights about REVG with an InvestingPro subscription, including exclusive analysis and detailed financial metrics.
In other recent news, REV Group reported stronger-than-expected earnings for the second quarter of fiscal year 2025, with earnings per share reaching $0.70, surpassing the forecasted $0.55. The company’s revenue also exceeded expectations, totaling $629.1 million compared to the anticipated $603.5 million. Analysts at DA Davidson raised the price target for REV Group to $51 from $39, maintaining a Buy rating, following the company’s impressive earnings results. Morgan Stanley (NYSE:MS) also upgraded REV Group’s stock rating from Underweight to Equalweight, citing the company’s strong execution and robust product demand. Additionally, REV Group announced the promotion of Linas Polteraitis to chief supply chain officer, highlighting his contributions to strengthening procurement and supply chain operations. The company has shown confidence in its fiscal year 2027 guidance, aiming for $310 million in EBITDA, up from a $210 million midpoint in fiscal year 2025. Challenges in the Recreation segment are not expected to persist for the next two years, supporting a positive outlook for the company.
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