Commercial Vehicle Group

CVGI · NASDAQ

$2.76−$0.10 (−3.50%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $2.86

CVGI analyst rating

BuyConsensus of 1 analyst over the last 12 months. 100% rate it a buy.

Strong buy0
Buy1
Hold0
Underperform0
Sell0

12-month price target · 5 analysts

Average $7.65 (+177.2% upside)

Low: $7.07
Now: $2.76
High: $8.40

Upgrades and downgrades

The latest rating actions, newest first

CVGI analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Barrington Research	May 4, 2026	Maintains	Outperform	$6.00	53%

The case for and against

Updated Sep 4, 2024

Bull case

Commercial Vehicle Group Inc exhibited strong financial performance in 2023, with overall revenue rising 27% to $228.4 million, coupled with a 45% increase in operating income to $26.3 million, indicating effective business strategies and demand for its products. The Electrical Systems segment demonstrated particular strength, recording a 19% revenue increase to $56.2 million, driven primarily by enhanced pricing and sales volume. Additionally, a successful focus on cost controls contributed to a significant improvement in adjusted operating income, showcasing the company's ability to enhance profitability amid growing revenues.

Bear case

Commercial Vehicle Group Inc. experienced a significant decline in full-year revenue, dropping 56% to $35.9 million and resulting in an operating loss of $896,000, a stark contrast to an operating profit of $4.6 million in 2022. The company faced additional challenges in Q4/23, where Vehicle Solutions revenue fell 10.1% to $128.4 million, largely attributed to lower volumes and the impact of a strike at a customer facility, which collectively accounted for a $12 million shortfall. Adjusted EBITDA also deteriorated by 22%, reaching $10.3 million with a margin of 4.6%, indicative of operational inefficiencies and a broader weakness across key segments.

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