The Latest Breaking News from REV Group

The auto industry is poised for long-term growth supported by urbanization and rapid adoption of electric vehicles. While leading auto stocks Rivian Automotive (RIVN) and REV Group (REVG), should benefit from the industry tailwinds, let us evaluate which is the better buy.

Specialty vehicle manufacturer REV Group (REVG) has been soaring in price lately. However, is this momentum backed by fundamentals? Let’s discuss some of its key financial metrics to gauge its prospects.

While macroeconomic uncertainties will remain in the short term, rising demand for commercial and electric vehicles should bolster long-term growth in the auto industry. Hence, quality auto stock REV Group (REVG) could be an ideal buy. However, fundamentally weak Rivian Automotive (RIVN) might be best avoided now. Keep reading.

Credit Suisse analyst Jamie Cook lowered the price target on REV Group Inc (NASDAQ:REVG) to $10 from $11 while maintaining the Underperform rating on the shares. The analyst stated that within the quarter, REVG did not experience supply chain improvement as expected, and in some instances, the situation worsened. REVG now expects supply chain challenges…

Within the last quarter, REV Group (NYSE:REVG) has observed the following analyst ratings:

REV Group (NYSE:REVG) brought in sales totaling $576.30 million during Q2 according to data provided by Benzinga Pro. However, earnings decreased 228.57%, resulting in a loss of $2.30 million.

REV Group Inc (NASDAQ:REVG) reported a second-quarter FY22 sales decline of 10.5% year-over-year to $576.3 million, missing the consensus of $595.59 million. The gross margin declined by 367 bps to 9.9%, and the operating margin fell 525 bps to 0.2%. Adjusted EPS of $0.17 missed the consensus of $0.23. Adjusted EBITDA declined…

  REV Group (NYSE:REVG) reported its Q2 earnings results on Tuesday, June 7, 2022 at 07:00 AM. Here's what investors need to know about the announcement.

RV Company Earnings from Rev Group suggest demand steady, but costs rising; Thor Industries earnings are on deck.

REV Group (NYSE:REVG) is set to give its latest quarterly earnings report on Tuesday, 2022-06-07. Here's what investors need to know before the announcement. Analysts estimate that REV Group will report an earnings per share (EPS) of $0.23.

Lightning Emotors Inc (NYSE:ZEV) price target has been lowered to $9 (an upside of 91.7%) from $14 by Benchmark. Analyst Michael Ward reduced the price target to echo new revenue assumptions as chip shortages have extended into 2022. Meanwhile, the analyst maintained the Buy rating on the shares as he thinks postponed deliveries will…