Short interest for Commercial Vehicle Group gives investors a sense of the degree to which investors are betting on the decline of Commercial Vehicle Group's stock. Short interest data is updated every two weeks.

Commercial Vehicle Group Stock (NASDAQ:CVGI), Short Interest Report

Commercial Vehicle Group

Commercial Vehicle Group Inc is a supplier of cab-related products and systems. Its operating segments are Vehicle Solutions, Industrial Automation, Electrical Systems, and Aftermarket and Accessories. Vehicle Solutions segment designs manufacture and sell Commercial vehicle seats and Plastic components. Warehouse Automation segment designs, manufactures, and sells Warehouse automation subsystems including control panels, electro-mechanical assemblies, cable assemblies, and power and communication solutions. Electrical Systems segment designs, manufactures and sells cable and harness assemblies for both high and low voltage applications, control boxes, dashboard assemblies, and design and engineering for these applications. The company makes majority of its revenue from Vehicle Solutions.

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The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, with the index remaining in the &#34;Extreme Greed&#34; zone on Friday.

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Why Exact Sciences Shares Are Trading Lower By Over 9%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

Commercial Vehicle Group, Inc. - Common Stock

Commercial Vehicle Group Inc

With U.S. stock futures trading mixed this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) to report quarterly earnings at $1.10 per share on revenue of $22.12 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Disney shares rose 0.4% to $116.88 in after-hours trading.</li>
<li>UBS Group AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>) posted better-than-expected results for its first quarter on Monday. UBS shares gained 0.5% to $27.73 in the after-hours trading session.</li>
<li>Analysts are expecting Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) to post quarterly earnings at $1.52 per share on revenue of $1.77 billion. The company will release earnings after the markets close. Electronic Arts shares gained 0.6% to $131.37 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a> 
<ul>
<li>Commercial Vehicle Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGI#NASDAQ">CVGI</a>) posted downbeat results for its first quarter on Monday. Commercial Vehicle posted adjusted earnings of 13 cents per share, missing expectations of 18 cents per share. The company said it sees FY24 revenue of $915 million to $1.015 billion, versus market estimates of $968.909 million. Commercial Vehicle shares fell 2% to $5.90 in the after-hours trading session.</li>
<li>Analysts expect McKesson Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>) to post quarterly earnings at $6.34 per share on revenue of $79.2327 billion after the closing bell. McKesson shares rose 0.9% to close at $533.41 on Monday.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/24/05/38638989/wall-streets-most-accurate-analysts-views-on-3-consumer-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Consumer Stocks Delivering High-Dividend Yields</a>

Guidance

Commercial Vehicle Group Sees FY24 Revenue $915M-$1.015B Vs $968.909M Est.

Commercial Vehicle Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGI#NASDAQ">CVGI</a>) reported quarterly earnings of $0.13 per share which missed the analyst consensus estimate of $0.18 by 27.78 percent. The company reported quarterly sales of $232.068 million which missed the analyst consensus estimate of $240.875 million by 3.66 percent. This is a 11.66 percent decrease over sales of $262.709 million the same period last year.

Earnings Misses

Commercial Vehicle Group Q1 2024 Adj EPS $0.13 Misses $0.18 Estimate, Sales $232.068M Miss $240.875M Estimate

Ratings for Commercial Vehicle Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGI#NASDAQ">CVGI</a>) were provided by 4 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $10.0, a high estimate of $10.00, and a low estimate of $10.00. No alteration is observed as the current average remains at the previous average price target. 
<img src="https://www.benzinga.com/files/images/story/2024/1715018438_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The analysis of recent analyst actions sheds light on the perception of Commercial Vehicle Group by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Gary Prestopino</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$10.00</td>
<td>$10.00</td>
</tr>
<tr>
<td>Gary Prestopino</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$10.00</td>
<td>-</td>
</tr>
<tr>
<td>Gary Prestopino</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$10.00</td>
<td>-</td>
</tr>
<tr>
<td>Gary Prestopino</td>
<td>Barrington Research</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$10.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Commercial Vehicle Group. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Commercial Vehicle Group compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Commercial Vehicle Group's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Commercial Vehicle Group's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/CVGI/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Commercial Vehicle Group analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into Commercial Vehicle Group's Background</h2>
Commercial Vehicle Group Inc is a supplier of cab-related products and systems. Its operating segments are Vehicle Solutions, Industrial Automation, Electrical Systems, and Aftermarket and Accessories. Vehicle Solutions segment designs manufacture and sell Commercial vehicle seats and Plastic components. Warehouse Automation segment designs, manufactures, and sells Warehouse automation subsystems including control panels, electro-mechanical assemblies, cable assemblies, and power and communication solutions. Electrical Systems segment designs, manufactures and sells cable and harness assemblies for both high and low voltage applications, control boxes, dashboard assemblies, and design and engineering for these applications. The company makes majority of its revenue from Vehicle Solutions.
<h3>Commercial Vehicle Group: Delving into Financials</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Commercial Vehicle Group faced challenges, resulting in a decline of approximately -5.04% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. When compared to others in the Industrials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Commercial Vehicle Group's net margin is impressive, surpassing industry averages. With a net margin of 10.44%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 14.57%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Commercial Vehicle Group's ROA stands out, surpassing industry averages. With an impressive ROA of 4.75%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Commercial Vehicle Group's debt-to-equity ratio is below the industry average. With a ratio of 1.0, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Basics of Analyst Ratings</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Demystifying Commercial Vehicle Group: Insights From 4 Analyst Reviews

Barrington Research analyst Gary Prestopino maintains Commercial Vehicle Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGI#NASDAQ">CVGI</a>) with a Outperform and maintains $10 price target.

Price Target

Barrington Research Maintains Outperform on Commercial Vehicle Group, Maintains $10 Price Target

Barrington Research analyst Gary Prestopino reiterates Commercial Vehicle Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGI#NASDAQ">CVGI</a>) with a Outperform and maintains $10 price target.

Reiteration

Barrington Research Reiterates Outperform on Commercial Vehicle Group, Maintains $10 Price Target

&quot;Despite industry forecasts for a lower Class 8 truck build in 2024, we expect our financial performance in 2024 to be more resilient as we continue our diversification strategy reflecting primarily the success in growing our Electrical Systems business,&quot; said&nbsp;Andy Cheung, Chief Financial Officer

Commercial Vehicle Group Expects Full Year 2024 Net Sales Of $915M-$1.015B (Est $983.223M), Adjusted EBITDA Of $60M-$73M

Commercial Vehicle Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGI#NASDAQ">CVGI</a>) reported quarterly Adj earnings of $0.09 per share which missed the analyst consensus estimate of $0.14 by 35.71 percent. This is a 125 percent increase over earnings of $0.04 per share from the same period last year. The company reported quarterly sales of $223.10 million which missed the analyst consensus estimate of $226.24 million by 1.39 percent. This is a 5.03 percent decrease over sales of $234.92 million the same period last year.

Commercial Vehicle Group Q4 Adj EPS $0.09 Misses $0.14 Estimate, Sales $223.10M Miss $226.24M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Sohu.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOHU#NASDAQ">SOHU</a>) is estimated to report earnings for its fourth quarter.
&bull; Avadel Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVDL#NASDAQ">AVDL</a>) is projected to report quarterly loss at $0.29 per share on revenue of $18.11 million.
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&bull; Sea (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SE#NYSE">SE</a>) is projected to report quarterly loss at $0.27 per share on revenue of $3.53 billion.
&bull; Global Ship Lease (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSL#NYSE">GSL</a>) is estimated to report quarterly earnings at $2.35 per share on revenue of $172.02 million.
&bull; Modiv Industrial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDV#NYSE">MDV</a>) is likely to report earnings for its fourth quarter.
&bull; GEO Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>) is estimated to report earnings for its fourth quarter.
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&bull; Nektar Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKTR#NASDAQ">NKTR</a>) is estimated to report quarterly loss at $0.21 per share on revenue of $18.05 million.
&bull; Ekso Bionics Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EKSO#NASDAQ">EKSO</a>) is estimated to report quarterly loss at $0.11 per share on revenue of $4.77 million.
&bull; ContextLogic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WISH#NASDAQ">WISH</a>) is likely to report quarterly loss at $2.66 per share on revenue of $53.06 million.
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&bull; Commercial Vehicle Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGI#NASDAQ">CVGI</a>) is likely to report quarterly earnings at $0.14 per share on revenue of $226.24 million.
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&bull; Akoya Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKYA#NASDAQ">AKYA</a>) is expected to report quarterly loss at $0.27 per share on revenue of $25.89 million.
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&bull; AeroVironment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) is estimated to report quarterly earnings at $0.33 per share on revenue of $170.62 million.
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&bull; Vicarious Surgical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBOT#NYSE">RBOT</a>) is expected to report earnings for its fourth quarter.
&bull; Innovate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VATE#NYSE">VATE</a>) is likely to report earnings for its fourth quarter.
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Earnings Scheduled For March 4, 2024

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, with the index remaining in the &quot;Extreme Greed&quot; zone on Friday.
U.S. stocks closed higher on Friday, with the Nasdaq Composite surging to an all-time high during the session. On a weekly basis, the Nasdaq gained 1.74%, while the S&amp;P 500 gained 0.95%.
NVIDIA Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) shares gained 4%, while Meta Platforms, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) added 2.5% on Friday. Shares of Dell Technologies Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dell#NYSE">DELL</a>) jumped around 32% on Friday after the company reported better-than-expected fourth-quarter financial results and increased its annual cash dividend by 20%.
On the economic data front, the ISM manufacturing PMI declined to 47.8 in February from 49.1 a month ago, compared to market estimates of 49.5. The University of Michigan consumer sentiment for the U.S. fell to 76.9 in February versus a preliminary reading of 79.6 and versus January&rsquo;s reading of 79.
Most sectors on the S&amp;P 500 closed on a positive note, with energy, information technology, and real estate stocks recording the biggest gains on Friday. However, utilities and financials stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 91 points to 39,087.38 on Friday. The S&amp;P 500 rose 0.80% at 5,137.08, while the Nasdaq Composite climbed 1.14% at 16,274.94 during Friday&rsquo;s session.
Investors are awaiting earnings results from Global Ship Lease, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gsl#NYSE">GSL</a>), Commercial Vehicle Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cvgi#NASDAQ">CVGI</a>), AeroVironment, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avav#NASDAQ">AVAV</a>), and Stitch Fix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sfix#NASDAQ">SFIX</a>) today.
At a current reading of 77.3, the index remained in the &quot;Extreme Greed&quot; zone on Friday versus a prior reading of 76.9.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
&nbsp;
Read Next: <a href="https://www.benzinga.com/news/24/03/37420039/top-3-industrial-stocks-that-may-collapse-this-quarter"> Top 3 Industrial Stocks That May Collapse This Quarter </a>

Commercial Vehicle Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGI#NASDAQ">CVGI</a>) is set to give its latest quarterly earnings report on Monday, 2024-03-04. Here's what investors need to know before the announcement.
Analysts estimate that Commercial Vehicle Group will report an earnings per share (EPS) of $0.14. 
Commercial Vehicle Group bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.02, which was followed by a 10.39% drop in the share price the next day.
Here's a look at Commercial Vehicle Group's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.24</td>
<td>0.27</td>
<td>0.14</td>
<td>0.17</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.22</td>
<td>0.32</td>
<td>0.28</td>
<td>0.04</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-10.0%</td>
<td>7.000000000000001%</td>
<td>21.0%</td>
<td>-12.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1709301633_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Commercial Vehicle Group were trading at $6.54 as of February 29. Over the last 52-week period, shares are down 21.52%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/CVGI/earnings">To track all earnings releases for Commercial Vehicle Group visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Commercial Vehicle Group Earnings Preview

<h3>Gainers</h3>
<ul>
<li>Recruiter.Com Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCRT#NASDAQ">RCRT</a>) shares rose 12.2% to $1.56 during Friday's after-market session. The company's market cap stands at $2.2 million. </li>
<li>FTC Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTCI#NASDAQ">FTCI</a>) shares rose 7.4% to $0.58. The company's market cap stands at $72.5 million. </li>
<li>Commercial Vehicle Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGI#NASDAQ">CVGI</a>) shares moved upwards by 7.33% to $7.04. The company's market cap stands at $237.3 million. </li>
<li>AERWINS Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWIN#NASDAQ">AWIN</a>) shares moved upwards by 5.29% to $0.1. The company's market cap stands at $5.9 million. </li>
<li>ESS Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWH#NYSE">GWH</a>) stock moved upwards by 4.84% to $0.88. The market value of their outstanding shares is at $151.9 million. </li>
<li>Hyzon Motors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYZN#NASDAQ">HYZN</a>) shares rose 3.86% to $0.62. The market value of their outstanding shares is at $151.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Desktop Metal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DM#NYSE">DM</a>) shares decreased by 4.6% to $0.5 during Friday's after-market session. The company's market cap stands at $162.6 million. </li>
<li>Advent Technologies Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADN#NASDAQ">ADN</a>) shares declined by 3.34% to $0.16. The company's market cap stands at $11.3 million. </li>
<li>Lichen China (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LICN#NASDAQ">LICN</a>) shares declined by 3.18% to $1.22. The market value of their outstanding shares is at $32.3 million. </li>
<li>Roma Green Finance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROMA#NASDAQ">ROMA</a>) shares fell 3.09% to $1.57. The company's market cap stands at $16.3 million. </li>
<li>Nuburu (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BURU#AMEX">BURU</a>) shares fell 2.55% to $0.15. The market value of their outstanding shares is at $5.6 million. </li>
<li>Fusion Fuel Green (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTOO#NASDAQ">HTOO</a>) shares fell 2.36% to $1.66. The market value of their outstanding shares is at $28.2 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AWIN

BURU

FTCI

HTOO

HYZN

LICN

RCRT

ROMA

12 Industrials Stocks Moving In Friday's After-Market Session

On December 20, 2023, he will replace Interim CEO Robert Griffin, who will continue in his role as Chairman of the Board of Directors for CVG.

Management

Commercial Vehicle Group Appoints James Ray As Next President And CEO

Commercial Vehicle Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGI#NASDAQ">CVGI</a>) reported quarterly earnings of $0.22 per share which missed the analyst consensus estimate of $0.24 by 8.33 percent. This is a 46.67 percent increase over earnings of $0.15 per share from the same period last year. The company reported quarterly sales of $246.69 million which missed the analyst consensus estimate of $252.16 million by 2.17 percent. This is a 1.88 percent decrease over sales of $251.41 million the same period last year.

Commercial Vehicle Group Q3 Adj EPS $0.22 Misses $0.24 Estimate, Sales $246.69M Miss $252.16M Estimate

Commercial Vehicle Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGI#NASDAQ">CVGI</a>) reported quarterly earnings of $0.22 per share which missed the analyst consensus estimate of $0.24 by 8.33 percent. This is a 46.67 percent increase over earnings of $0.15 per share from the same period last year. The company reported quarterly sales of $246.70 million which missed the analyst consensus estimate of $252.16 million by 2.17 percent. This is a 1.87 percent decrease over sales of $251.41 million the same period last year.

Commercial Vehicle Group Q3 EPS $0.22 Misses $0.24 Estimate, Sales $246.70M Miss $252.16M Estimate

ROGER FIX, Board Member at Commercial Vehicle Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGI#NASDAQ">CVGI</a>), reported a large insider sell on September 18, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001290900/000162828023032448//Archives/edgar/data/1290900/000162828023032448/0001628280-23-032448-index.htm">U.S. Securities and Exchange Commission</a> on Monday showed that FIX sold 10,000 shares of Commercial Vehicle Group. The total transaction amounted to $78,500. 
Commercial Vehicle Group shares are trading up 2.49% at $7.81 at the time of this writing on Tuesday morning.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Important</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however, they can be an important factor for an investor to consider.
In legal terms, an "insider" refers to any shareholder who owns at least 10% of a company. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001290900">Check Out The Full List Of Commercial Vehicle Group's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Commercial Vehicle Group Insider Trades Send a Signal

Barrington Research analyst Gary Prestopino reiterates Commercial Vehicle Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGI#NASDAQ">CVGI</a>) with a Outperform and maintains $13 price target.

Barrington Research Reiterates Outperform on Commercial Vehicle Group, Maintains $13 Price Target

<h3>Gainers</h3>
<ul>
<li>WaveDancer, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wavd#NASDAQ">WAVD</a>) shares climbed 86% to $0.5505. Tellenger, a subsidiary of Wavedancer, Inc., won a seven-year U.S. government contract.</li>
<li>T Stamp Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/idai#NASDAQ">IDAI</a>) gained 53.1% to $2.22. Trust Stamp received privacy-secured biometric identification and verification patent.</li>
<li>Aurora Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aurc#NASDAQ">AURC</a>) shares rose 52.4% to $47.30 after declining around 33% on Tuesday.</li>
<li>TRxADE HEALTH, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meds#NASDAQ">MEDS</a>) shares climbed 45% to $9.60. TRxADE HEALTH is expected to release financial results for the second quarter 2023 on Aug. 14, 2023.</li>
<li>Advanced Health Intelligence Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ahi#NASDAQ">AHI</a>) rose 40.4% to $4.34. Advanced Health Intelligence to re-enter China with exclusive license deal with Changlin Network Technology Ltd,&#39; according to Newsfile.</li>
<li>Missfresh Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mf#NASDAQ">MF</a>) gained 36.7% to $0.61.</li>
<li>AEye, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lidr#NASDAQ">LIDR</a>) climbed 33.1% to $0.7455.</li>
<li>Rubicon Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rbt#NYSE">RBT</a>) rose 27.1% to $1.55 after gaining 40% on Tuesday. Rubicon Technologies is expected to release its second quarter 2023 financial results on Aug. 8, 2023.</li>
<li>Vertiv Holdings Co (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vrt#NYSE">VRT</a>) climbed 25.5% to $33.29 after the company posted upbeat quarterly results and raised revenue forecast.</li>
<li>Freshworks Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/frsh#NASDAQ">FRSH</a>) shares gained 22.3% to $22.30 after the company reported better-than-expected second-quarter results.</li>
<li>Clear Secure, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/you#NYSE">YOU</a>) jumped 18.7% to $26.97 following better-than-expected quarterly results.</li>
<li>Rover Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rovr#NASDAQ">ROVR</a>) gained 17.8% to $6.57 after the company reported better-than-expected second-quarter results.</li>
<li>Cardlytics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdlx#NASDAQ">CDLX</a>) shares gained 17% to $13.18 after posting upbeat quarterly results.</li>
<li>e.l.f. Beauty, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/elf#NYSE">ELF</a>) shares climbed 16.9% to $136.13 after the company reported better-than-expected first-quarter results.</li>
<li>Erie Indemnity Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/erie#NASDAQ">ERIE</a>) gained 16.5% to $256.79. Erie Indemnity Company recently reported better-than-expected second-quarter financial results.</li>
<li>Clearwater Paper Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/clw#NYSE">CLW</a>) jumped 15.1% to $36.70 following strong quarterly results.</li>
<li>Crown ElectroKinetics Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crkn#NASDAQ">CRKN</a>) shares surged 14.9% to $0.0793.</li>
<li>Rubicon Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rbt#NYSE">RBT</a>) climbed 14.7% to $1.3999.</li>
<li>The Marygold Companies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mgld#NYSE">MGLD</a>) gained 13.6% to $1.17.</li>
<li>Aspen Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/azpn#NASDAQ">AZPN</a>) gained 13.3% to $204.81 following quarterly results.</li>
<li>Teva Pharmaceutical Industries Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/teva#NYSE">TEVA</a>) rose 13.2% to $9.39. Teva&rsquo;s quarterly sales reached $3.88 billion, up 2% Y/Y (4% on constant currency), slightly beating the consensus of $3.70 billion.</li>
<li>Gibraltar Industries, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rock#NASDAQ">ROCK</a>) gained 12% to $74.21 following strong quarterly earnings.</li>
<li>The Vita Coco Company, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coco#NASDAQ">COCO</a>) rose 11.4% to $29.41 following upbeat quarterly results.</li>
<li>Warrantee Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wrnt#NASDAQ">WRNT</a>) climbed 10.6% to $1.77. Warrantee priced its IPO at $4 per ADS on 2.4 million ADS.</li>
<li>The Shyft Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/shyf#NASDAQ">SHYF</a>) gained 9.3% to $15.92.</li>
<li>Frontdoor, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ftdr#NASDAQ">FTDR</a>) climbed 8.8% to $38.01 following strong quarterly results.</li>
<li>CareDx, Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdna#NASDAQ">CDNA</a>) rose 8.6% to $11.40.</li>
<li>Penske Automotive Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pag#NYSE">PAG</a>) climbed 7.9% to $175.50.</li>
<li>Commercial Vehicle Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cvgi#NASDAQ">CVGI</a>) gained 7.8% to $11.49 after posting upbeat quarterly earnings.</li>
<li>Waters Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wat#NYSE">WAT</a>) rose 6.5% to $292.26 following strong quarterly results.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Adamis Pharmaceuticals Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/admp#NASDAQ">ADMP</a>) shares dipped 66.4% to $1.3392 after the company reported pricing of $8 million public offering of 5.93 million units at a price of $1.35 per unit.</li>
<li>Latch, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ltch#NASDAQ">LTCH</a>) fell 48.8% to $0.8592. Latch said it has notified the hearings panel of The Nasdaq Stock Market LLC that the company does not anticipate regaining compliance with its periodic filing obligations on or before its Aug. 4, 2023 deadline.</li>
<li>Driven Brands Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/drvn#NASDAQ">DRVN</a>) shares declined 46.2% to $13.89 after the company reported worse-than-expected second-quarter adjusted EPS results and issued FY23 guidance below estimates.</li>
<li>Aptevo Therapeutics Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apvo#NASDAQ">APVO</a>) shares fell 40.7% to $0.5801 after the company priced $5 million public offering of 8,064,517 shares at $0.62 per share.</li>
<li>Cambium Networks Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmbm#NASDAQ">CMBM</a>) fell 40.2% to $9.73 after the company reported worse-than-expected second-quarter results.</li>
<li>Hainan Manaslu Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hmac#NASDAQ">HMAC</a>) declined 34.5% to $6.79.</li>
<li>The Container Store Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tcs#NYSE">TCS</a>) shares fell 28% to $2.64 following weaker-than-expected quarterly results.</li>
<li>Motorsport Games Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msgm#NASDAQ">MSGM</a>) shares declined 25.7% to $4.90.</li>
<li>MeridianLink, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mlnk#NASDAQ">MLNK</a>) fell 23.7% to $17.02 following weak second-quarter results.</li>
<li>Nevro Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nvro#NYSE">NVRO</a>) declined 22.1% to $19.22 following a wider-than-expected quarterly loss.</li>
<li>Triumph Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tgi#NYSE">TGI</a>) fell 21.1% to $9.78 following a wider-than-expected quarterly loss.</li>
<li>American Superconductor Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amsc#NASDAQ">AMSC</a>) fell 21% to $12.72.</li>
<li>Generac Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gnrc#NYSE">GNRC</a>) declined 19.9% to $122.84 after the company posted worse-than-expected second-quarter results and said it now anticipates lower residential product sales during the second half.</li>
<li>The Scotts Miracle-Gro Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smg#NYSE">SMG</a>) fell 19.1% to $57.79 after the company reported worse-than-expected third-quarter financial results.</li>
<li>Paycom Software, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/payc#NYSE">PAYC</a>) fell 18.7% to $301.20 following second-quarter results.</li>
<li>Radware Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rdwr#NASDAQ">RDWR</a>) fell 17.7% to $15.60 following weak quarterly results.</li>
<li>Cerevel Therapeutics Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cere#NASDAQ">CERE</a>) fell 17.4% to $25.31 following second-quarter results.</li>
<li>SolarEdge Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sedg#NASDAQ">SEDG</a>) fell 17.3% to $198.08 after the company posted second-quarter results and issued weak third-quarter guidance.</li>
<li>International Money Express, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/imxi#NASDAQ">IMXI</a>) fell 16.4% to $20.02 following downbeat quarterly results.</li>
<li>Credit Acceptance Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cacc#NASDAQ">CACC</a>) declined 16.1% to $464.25 following second-quarter results.</li>
<li>Lumen Technologies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lumn#NYSE">LUMN</a>) shares declined 14.8% to $1.4849 following second-quarter results.</li>
<li>TMC the metals company Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tmc#NASDAQ">TMC</a>) fell 14.5% to $1.34 after the company issued corporate update on expected timeline, application costs and production capacity following part II Of the 28th session of the International Seabed Authority.</li>
<li>Mobile Global Esports Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mgam#NASDAQ">MGAM</a>) fell 14.2% to $0.7201 after jumping 64% on Tuesday.</li>
<li>Camping World Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cwh#NYSE">CWH</a>) fell 13.4% to $27.04 following weaker-than-expected second-quarter results.</li>
<li>Louisiana-Pacific Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lpx#NYSE">LPX</a>) dipped 13.1% to $66.42. Louisiana-Pacific reported a second-quarter FY23 revenue decline of 4.9% year-on-year to $661 million, missing the consensus of $668.20 million.</li>
<li>RB Global, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rba#NYSE">RBA</a>) fell 13.1% to $56.45.</li>
<li>Littelfuse, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lfus#NASDAQ">LFUS</a>) dipped 12.2% to $265.02 after posting downbeat quarterly results.</li>
<li>Dynatrace, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dt#NYSE">DT</a>) fell 12.1% to $48.53 following first-quarter results.</li>
<li>Affirm Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/afrm#NASDAQ">AFRM</a>) tumbled 11.3% to $17.40.</li>
<li>C3.ai, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ai#NYSE">AI</a>) fell 10.3% to $39.82.</li>
<li>O-I Glass, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oi#NYSE">OI</a>) declined 10.3% to $20.11 following quarterly results.</li>
<li>Femasys Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/femy#NASDAQ">FEMY</a>) fell 10% to $0.53 after gaining 4% on Tuesday.</li>
<li>Spirit AeroSystems Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spr#NYSE">SPR</a>) dipped 9.5% to $28.45 after posting a loss for the second quarter.</li>
<li>trivago N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trvg#NASDAQ">TRVG</a>) fell 9.3% to $1.2160 after the company posted weaker-than-expected second-quarter results.</li>
<li>Exact Sciences Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/exas#NASDAQ">EXAS</a>) dipped 9.2% to $87.62 following second-quarter results.</li>
<li>Penumbra, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pen#NYSE">PEN</a>) fell 8.6% to $272.52 following quarterly results.</li>
<li>Johnson Controls International plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jci#NYSE">JCI</a>) tumbled 7.9% to $64.49. Johnson Controls International reported third-quarter FY23 sales growth of 7.8% year-on-year to $7.13 billion (+9% organically), missing the consensus of $7.19 billion.</li>
<li>DBV Technologies S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dbvt#NASDAQ">DBVT</a>) shares fell 7.8% to $1.4849.</li>
<li>Electronic Arts Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ea#NASDAQ">EA</a>) fell 6.8% to $126.86 following first-quarter earnings.</li>
<li>XPeng Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpev#NYSE">XPEV</a>) declined 6.1% to $18.82. XPeng said Xinzhou Wu resigned as Vice President of Autonomous Driving.</li>
<li>Virgin Galactic Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spce#NYSE">SPCE</a>) shares dipped 4.8% to $3.94 following second-quarter results.</li>
</ul>
&nbsp;
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Why Exact Sciences Shares Are Trading Lower By Over 9%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

The auto parts industry is thriving, driven by increasing new vehicle sales, rapid EV adoption worldwide, and several technological advancements. Amid this backdrop, robust auto parts stocks LKQ Corporation (LKQ), Visteon (VC), and Commercial Vehicle Group (CVGI) could be ideal watchlist additions. Continue reading… The prospects of the auto parts industry appear promising due to growing new vehicle sales, rising popularity of EVs globally, and other continued innovations in automotive technology. Also, the surge in e-commerce platforms expanded the reach of auto parts retailers, driving the overall industry growth.
Given the industry's optimistic outlook, it could be wise to add quality auto stocks LKQ Corporation (<a href="https://stocknews.com/stock/LKQ/">LKQ</a>), Visteon Corporation (<a href="https://stocknews.com/stock/VC/">VC</a>), and Commercial Vehicle Group, Inc. (<a href="https://stocknews.com/stock/CVGI/">CVGI</a>) to your portfolio for massive growth potential.
The auto parts market is a dynamic and crucial segment responsible for ensuring the smooth functioning and longevity of vehicles. The industry's growth is driven by continuous innovation in automotive technology, rising fuel-efficient vehicle demand, and growing emphasis on vehicle safety features.
Rising income levels, growing population, and better availability of credit primarily contribute to more people purchasing new vehicles, thus driving demand for auto parts. According to <a href="https://www.coxautoinc.com/news/cox-automotive-forecast-february-2024-u-s-auto-sales-forecast/">Cox Automotive</a>, new vehicle sales in February are expected to show gains over the last year and improvement from January.
Sales volume this month is anticipated to total 1.22 million units, up 6.3% from February 2023.
As per the Vantage Market Research report, the <a href="https://www.einpresswire.com/article/691357511/auto-parts-market-sales-1103-4-bn-to-expand-at-6-8-cagr-through-2030-vantage-market-research">auto parts market</a> is expected to reach $1.10 trillion by 2030, growing at a CAGR of 6.8% during the forecast period. Critical drivers like digital transformation, sustainable practices, supply chain optimization, and the electric vehicle revolution will contribute to the market's growth and profitability.
Technological advancements like EVs, hybrid systems, and advanced driver-assistance systems (ADAS) require specialized auto parts. Also, government regulations and safety standards often require updated or improved components, leading to increased demand for new parts.
Furthermore, the growing trends of vehicle customization and aftermarket modifications will boost the industry prospects, backed by consumers seeking better vehicle performance and aesthetic investment in high-quality auto parts.
In light of these favorable trends, let's look at the fundamentals of the three <a href="https://stocknews.com/category/auto-parts/">Auto Parts</a> stocks, beginning with number 3.
Stock #3: LKQ Corporation (<a href="https://stocknews.com/stock/LKQ/">LKQ</a>)
LKQ engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. The company operates through four segments: Wholesale-North America; Europe; Specialty; and Self Service.
On October 26, 2023, LKQ announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share of common stock, paid on November 30, 2023, to stockholders of record at the close of business on November 16, 2023. The dividend reflects a 9% increase over the prior quarterly dividend of $0.275.
LKQ pays an annual dividend of $1.20, which translates to a yield of 2.30% at the current share price. Its four-year average dividend yield is 0.96%.
On October 25, LKQ sold GSF Car Parts to Epiris Fund III, a private equity fund based in the United Kingdom. This divestiture fulfills the company's undertaking to the UK's Competition and Markets Authority to sell the GSF business related to its acquisition of Uni-Select Inc.
Rick Galloway, Senior Vice President and Chief Financial Officer, said, "The proceeds from the sale of GSF will be utilized to reduce our total debt, putting us in a better position to begin implementing a more balanced capital allocation strategy, which includes share repurchases."
In terms of forward EV/EBIT, LKQ is trading at 11.90x, 13.9% lower than the industry average of 13.82x. Also, the stock's forward non-GAAP P/E multiple of 12.95 is 18.8% lower than the industry average of 15.95. However, its forward EV/Sales of 1.26x is 2.3% higher than the industry average of 1.23x.
During the fourth quarter that ended December 31, 2023, LKQ's <a href="https://www.investopedia.com/terms/r/revenue.asp">revenue</a> increased 16.7% year-over-year to $3.50 billion. Its gross margin grew 14.4% from the year-ago value to $1.40 billion. However, the company's operating income came in at $277 million, a decline of 5.5% from the previous year's quarter.
In addition, the company's net income attributable to LKQ stockholders came in at $177 million and $0.66 per share, down 8.8% and 8.3% from the prior year's quarter, respectively.
Analysts expect LKQ's revenue for the first quarter (ending March 2024) to increase 12.6% year-over-year to $3.77 billion, but its EPS for the ongoing quarter is expected to decline 9% year-over-year to $0.95. Further, the company has surpassed the consensus revenue and EPS estimates in three of the trailing four quarters.
LKQ's stock has surged 10.1% over the past month to close the last trading session at $52.44. However, over the past year, the stock has plunged 8.7%.
LKQ's mixed outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, which translates to a Neutral in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has a C for Growth, Stability, Value, and Sentiment. Within the A-rated <a href="https://stocknews.com/category/auto-parts/">Auto Parts</a> industry, LKQ is ranked #38 of 62 stocks.
<a href="https://stocknews.com/stock/LKQ/">Click here</a> to access additional ratings of LKQ.
Stock #2: Visteon Corporation (<a href="https://stocknews.com/stock/VC/">VC</a>)
VC is an automotive technology company, designs, manufactures, and sells automotive electronics and connected car solutions for vehicle manufacturers worldwide. The company provides instrument clusters, information displays, and infotainment and connected car solutions.
During the fiscal year 2023, VC repurchased about $106 million of shares during 2023 under the $300 million share repurchase authorization announced by the company in March 2023.
In 2023, VC launched 129 new products. Key product launches in the fourth quarter included a SmartCore&#x2122; cockpit domain controller and 12" display for the JMC-Ford Ranger in China, a SmartCore&#x2122; cockpit domain controller and 10" display for the Mahindra XUV, and a 12" digital cluster for the Nissan Rogue for the North American market.
These product launches continue to build the foundation for VC's long-term market outperformance.
VC's trailing-12-month net income margin of 12.19% is 163.8% higher than the 4.66% industry average. Also, the stock's ROCE and ROTA of 56.74% and 17.82% are considerably higher than the respective industry averages of 11.40% and 4.16%.
In terms of forward non-GAAP P/E, VC is trading at 13.58x, 14.9% lower than the industry average of 15.95x. Further, the stock's forward EV/Sales multiple of 0.76 is 38.1% lower than the industry average of 1.23. Likewise, its forward Price/Sales of 0.76x is 16.6% lower than the industry average of 0.91x.
For the fourth quarter that ended December 31, 2023, VC reported net sales of $990 million. The company's income before income taxes grew 37.5% from the year-ago value to $77 million. Also, net income attributable to VC and EPS came in at $366 million and $12.98, up 976.4% and 1000% year-over-year, respectively.
Furthermore, the company's adjusted EBITDA increased 13.6% year-over-year to $117 million. Its total assets, as of December 31, 2023, stood at $2.73 billion, compared to $2.45 billion as of December 31, 2022.
As per full-year 2024 guidance, VC anticipates its sales to be in the range of $4 billion to $4.20 billion. The company expects its adjusted EBITDA to be in the range of $470 million to $500 million and adjusted free cash flow in the range of $155 million to $185 million.
Analysts expect VC's revenue and EPS for the first quarter (ending March 2024) to increase 1.6% and 34.6% year-over-year to $982.25 million and $1.68, respectively. Moreover, the company has topped the consensus EPS estimate in three of the four trailing quarters.
Over the past month, VC's stock has declined 3.4% to close the last trading session at $114.90.
VC's POWR Ratings reflect its bright prospects. The stock has an overall grade of B, translating to a Buy in our proprietary rating system.
VC has a B grade for Quality. The stock is ranked #24 among 62 stocks within the A-rated Auto Parts industry.
To see the other ratings of VC for Growth, Momentum, Sentiment, Value, and Stability, <a href="https://stocknews.com/stock/VC/">click here</a>.
Stock #1: Commercial Vehicle Group, Inc. (<a href="https://stocknews.com/stock/CVGI/">CVGI</a>)
CVGI designs, manufactures, produces, and sells components and assemblies in North America, Europe, and the Asia-Pacific regions. It operates in four segments: Vehicle Solutions; Electrical Systems; Aftermarket &amp; Accessories; and Industrial Automation. The company offers electrical wire harness assemblies and panel assemblies.
On February 1, 2024, CVGI announced the sale of its FinishTEK business to Rowmark LLC, a leading manufacturer of engravable sheet plastic for the awards, engraving and signage markets. FinishTEK is a hydrographic and paint decorator with 95,000 square feet of specialized manufacturing and warehouse space.
"As part of our strategy to drive revenue growth, primarily in our electrical systems business and improve our margins, we continually evaluate our portfolio of businesses and product lines for strategic fit and continued investment. This is a positive transaction for both companies and continues to optimize CVG's portfolio toward its core growth businesses," said James Ray, President and CEO of CVG.
On September 26, 2023, CVGI opened its new state-of-the-art manufacturing facility in Tangier, Morocco. The expansion reflects CVGI's commitment to its global electrification business growth and its first significant presence in Africa. The plant will initially offer nearly 30,000 sq. ft. of manufacturing space and produce electrical wire harnesses for the automotive industry.
In terms of forward EV/EBITDA, CVGI is trading at 4.88x, 58.6% lower than the industry average of 11.78x. Further, the stock's forward Price/Sales multiple of 0.21 is 85.5% lower than the industry average of 1.43. Likewise, its forward Price/Book of 1.43x is 47.3% lower than the industry average of 2.72x.
For the third quarter that ended on September 30, 2023, CVGI reported revenues of $246.69 million. The company's adjusted gross profit increased 23.8% year-over-year to $33.99 million. Its adjusted operating income was $12.52 million, up 17.9% from the prior year's quarter.
Additionally, the company's adjusted net income and adjusted EPS of $7.34 million and $0.22 indicate growth of 44.5% and 46.7% year-over-year, respectively. Its adjusted EBITDA rose 16.6% from the previous year's period to $16.61 million.
Street expects CVGI's EPS for the fiscal year (ended December 2023) to grow 88.2% year-over-year to $0.96. The company's revenue is estimated to increase 1.5% year-over-year to $996.81 million for the same period.
Shares of CVGI have gained 3.4% over the past month and 5.4% over the past three months to close the last trading session at $6.67.
CVGI's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
CVGI has an A grade for Value and a B for Sentiment, Growth, and Quality. It is ranked #6 among 62 stocks in the A-rated Auto Parts industry.
In addition to the POWR Ratings we've stated above, we also have CVGI ratings for Momentum and Stability. Get all CVGI ratings <a href="https://stocknews.com/stock/CVGI/">here</a>.
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<hr />
LKQ shares were unchanged in premarket trading Tuesday. Year-to-date, LKQ has gained 9.73%, versus a 6.45% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Mangeet Kaur Bouns</h2> <img src='https:/wp-content/uploads/2022/01/Mangeet-Kaur-Bouns_Image-4.jpg' style="float:left; padding:5px;width:125px;">Mangeet's keen interest in the stock market led her to become an investment researcher and financial journalist. Using her fundamental approach to analyzing stocks, Mangeet's looks to help retail investors understand the underlying factors before making investment decisions.<a href="https://stocknews.com/authors/?author=mangeet-kaurbouns">More...</a>The post <a href=https://stocknews.com/news/lkq-vc-cvgi-3-auto-parts-stocks-to-watch-for-massive-return-potential/>3 Auto Parts Stocks to Watch for Massive Return Potential</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Auto Parts Stocks to Watch for Massive Return Potential

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
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	The post <a href="https://investorplace.com/earning-results/2024/05/cvgi-stock-earnings-commercial-vehicle-group-for-q1-of-2024/">CVGI Stock Earnings: Commercial Vehicle Group Misses EPS, Misses Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

CVGI Stock Earnings: Commercial Vehicle Group Misses EPS, Misses Revenue for Q1 2024

In a report released today, Joe Gomes from Noble Financial maintained a Buy rating on Commercial Vehicle Group (CVGI – Research Report), with a pri...

Noble Financial Sticks to Their Buy Rating for Commercial Vehicle Group (CVGI)

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WPRT

Press Releases

CVG Announces Participation in the NobleCon19 Investor Conference

Commercial Vehicle Group Appoints James Ray as President and Chief Executive Officer

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Commercial Vehicle Group Stock (NASDAQ:CVGI), Short Interest Report

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