Commercial Vehicle Group (NASDAQ:CVGI) Announces Earnings Results

Commercial Vehicle Group (NASDAQ:CVGI) posted its earnings results on Monday. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.02), Zacks reports. Commercial Vehicle Group had a negative return on equity of 7.40% and a negative net margin of 5.66%.The firm had revenue of $152.49 million during the quarter, compared to the consensus estimate of $157.40 million. Commercial Vehicle Group updated its FY 2025 guidance to EPS.

Commercial Vehicle Group Stock Performance

Shares of NASDAQ CVGI remained flat at $1.50 during midday trading on Tuesday. The stock had a trading volume of 225,060 shares, compared to its average volume of 306,262. Commercial Vehicle Group has a 52 week low of $0.81 and a 52 week high of $2.75. The firm has a 50-day moving average price of $1.68 and a two-hundred day moving average price of $1.61. The stock has a market capitalization of $55.48 million, a P/E ratio of -1.33 and a beta of 2.00. The company has a current ratio of 2.41, a quick ratio of 1.48 and a debt-to-equity ratio of 0.82.

Wall Street Analyst Weigh In

CVGI has been the topic of several recent analyst reports. Zacks Research raised shares of Commercial Vehicle Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Commercial Vehicle Group in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Commercial Vehicle Group has an average rating of “Reduce”.

Hedge Funds Weigh In On Commercial Vehicle Group

A number of hedge funds and other institutional investors have recently modified their holdings of CVGI. Engineers Gate Manager LP increased its position in shares of Commercial Vehicle Group by 87.1% during the 2nd quarter. Engineers Gate Manager LP now owns 20,116 shares of the company’s stock valued at $33,000 after purchasing an additional 9,364 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in Commercial Vehicle Group in the second quarter worth approximately $78,000. Bank of America Corp DE grew its position in Commercial Vehicle Group by 46.1% during the fourth quarter. Bank of America Corp DE now owns 32,473 shares of the company’s stock valued at $81,000 after acquiring an additional 10,242 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of Commercial Vehicle Group during the second quarter worth approximately $84,000. Finally, Jane Street Group LLC lifted its holdings in shares of Commercial Vehicle Group by 259.3% in the 1st quarter. Jane Street Group LLC now owns 74,086 shares of the company’s stock worth $85,000 after acquiring an additional 53,468 shares during the last quarter. 72.32% of the stock is currently owned by hedge funds and other institutional investors.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, assembles, and sells systems, assemblies, and components to commercial and electric vehicle, and industrial automation markets in North America, Europe, and the Asia-Pacific regions. The company operates in four segments: Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation.