
TSE:BYD
This summary was created by AI, based on 7 opinions in the last 12 months.
Boyd Group Services Inc. has been facing significant challenges in recent months, with reviews indicating a substantial decline in value, particularly after earning reports. Analysts note a gap between market perception and evaluation, causing caution among investors. While the company is experiencing some positive developments, such as consecutive quarters of same-store sales growth, labor cost pressures and the complexity of vehicle repairs continue to pose risks. The consensus suggests that Boyd operates in a significantly fragmented market, with recent acquisitions necessary for future growth. Analysts also highlight the importance of observing normalized claims cycles and the potential for earnings improvement to ensure a more inviting investment environment.
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. One of the largest operators of non-franchised collision repair centers in North America. 860 locations of which 724 are Gerber glass. Sales at $613 million, up 37.8% for the quarter ended June 30th, 2022. Management noted that demand is exceeding capacity in all US markets and indicating a recovery in Canadian markets. Unlock Premium - Try 5i Free
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Relationships with major insurance companies. Industry leader and major consolidator. Expanding EBITDA margins. Five-year growth plan to double its size. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Underlying fundamentals remain good. Labour shortages and supply issues could persist for some time, however. In general they beat estimates in their latest quarter, with sales at $516M, rising 28%. esP beat estimates of 12c at 28c. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Same store sales increased by 10.7%. They beat sales estimates slightly but missed on EPS. EBITDA came in at $51.1M, missing estimates. Demand is still below pre-covid levels and margins are seeing pressure from labour and material shortages. Confident in management’s ability to manage short-term headwinds. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. It recently missed earnings but it has missed before and recovered well. Below $200, it would be attractive. Reopening will move the stock more. Could make acquisitions, which would change things quickly. Unlock Premium - Try 5i Free
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company reported not a great quarter. However, the outlook is better than the past. Acquisitions continue and they recently entered Hawaii. EPS is still expected to more than double this year. Unlock Premium - Try 5i Free
Tough during Covid. Insurance rates and labour costs have come up. Good numbers last quarter. Now insurance is paying more, labour costs are going down, and consolidation is continuing. Fragmented industry, so lots of runway. Positive on the name.