Commercial Vehicle Group Q2 revenue beats estimates; 2026 outlook lifted
CVGI•Drivers, quarterly results and analyst view
The company said revenue growth was driven by higher customer demand across all three segments, especially in international markets. It also cited the ramp-up of new business wins, including in wiper systems and the Zoox robotaxi program, as supporting segment growth.
Gross margin expansion was attributed to operational efficiency improvements and footprint rationalization initiatives.
Key details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Beat | $195.20 million | $172.75 million (3 analysts) |
| Q2 Adjusted Loss Per Share From Contops | $0.13 | ||
| Q2 Adjusted EBITDA | Miss | $5.40 million | $6 million (3 analysts) |
| Q2 Adjusted Gross Margin | 12.90% |
The current average analyst rating on the shares is strong buy, with 2 strong buy or buy recommendations and no hold, sell or strong sell ratings. The average consensus recommendation for the auto, truck & motorcycle parts peer group is buy. Wall Street's median 12-month price target for Commercial Vehicle Group Inc is $7.00, about 54.5% above its July 31 closing price of $4.53.
