Related posts

Tesla and Celestica beat in mixed tradingS&P and Nasdaq reach new highs, TSX fadesWall Street makes new highs after Powell comments
Investor Insights

This summary was created by AI, based on 15 opinions in the last 12 months.

Boyd Group Services Inc. (BYD-T) has experienced recent challenges, including slowing same-store sales and increased operating costs, primarily due to labor inflation and a mild winter leading to fewer collisions. However, many analysts remain optimistic about the company's growth trajectory, particularly in its scanning and calibration business, which it has recently brought in-house from outsourcing. Despite concerns about high valuation metrics compared to historical performance, some experts view the current price as a potential buying opportunity. Overall, while BYD faces short-term headwinds, the long-term outlook appears positive, backed by robust revenue growth and strategic expansion in the U.S. market. Analysts consistently suggest monitoring upcoming earnings reports closely to gauge the company's performance and market resilience.

Consensus
Hold
Valuation
Overvalued
WEAK BUY

It is now better to buy than before. Higher prices for repairs held people back but now they are more used to it. It has a better outlook ahead for the next 1 or 2 years. It has invested a lot in the  scanning and calibration business which is quite lucrative.

BUY

Growth plans are getting traction. Looks better than before. Because of a jump in the costs of car repairs last year, people deferred getting those repairs. So this business is coming back. Also, BYD's scanning and calibration business is growing, a lucrative one they used to outsource. Are building their own locations and buying fewer businesses, which give them a better return.

WATCH

Based in Winnipeg, yet 90% of business comes from US. Pulled back, though always priced at a premium, so valuation is not strikingly attractive. Seeing less traffic due to mild weather and a weaker economy. Needs to renegotiate insurance contracts for increased labour costs. Providing more in-house services, which requires more up-front investment. On her radar.

BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

BYD has faced recent weakness on slowing same-store sales, labour headwinds, and increased upfront expenses from greenfeield and brownfield investments. Its valuation is expensive given the companies historical trackrecord of execution and successfully integrating acquisitions. We think a reversal of the factors mentioned can push BYD back up to historical levels. We believe that these will reverse and analyst outlook calls for EPS to double next year, so we will be watching the upcoming earnings closely.
Unlock Premium - Try 5i Free  

DON'T BUY

90+% revenue comes from the US. Cashflow attributes are very strong. Continues to acquire. There are only so many rollups he's willing to invest in. Quite reasonable, but just hasn't made the cut for his portfolio. Nothing wrong with the company, but slightly dilutive on the share count and insider ownership not high.

A somewhat weak year, but good outlook for growth. Could add on pullback, but there are better ideas out there.

WATCH

Weak, while NA markets are at highs. Tremendous success in the past making acquisitions, integrating, and increasing margins. That hasn't changed. Once a market darling, people got carried away. Speed of acquisition has slowed. 

Going forward, has technology to calibrate the increasing number of sensors on cars, which smaller shops don't. Needs to accelerate earnings growth.

TRADE

It is OK for buying an initial position. It is at a 52 week low but issues are temporary. It is acquisition oriented and spending by insurance companies, etc. is heading up. The P/E has been perpetually high and it is range bound so it is better for trading.

WATCH

Well positioned in the space. Extremely low valuation for the good market share it has in both Canada and the US. Getting to levels where it would be a buying opportunity.

Unspecified

It is at the support level and this could be the beginning of a base. The last piece is a bit of a resistance. If buying put a mental stop at the last trough because you don't want to see it broken.

BUY ON WEAKNESS
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

BYD trades at a premium valuation of 37X forward earnings, and so there is room for multiple contraction, which can help explain some of the volatility recently. We consider BYD one of the higher quality names in the TSX, and it does have some near-term headwinds, but largely we do not feel the story has changed. 

Over the past 10 years its total return CAGR has been 20%, over the past five years, 9.7%, and the past three years 5.4%. Its recent momentum is not great, and we could see lower prices in the near-term, but for a long-term hold we would be quite comfortable holding this name.
Unlock Premium - Try 5i Free

premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Stockchase Research Editor: Michael O'Reilly

BYD operates non-franchised auto collision and repair service centres in North America.  Recently reported sales were up 10% on the year with profit margins averaging 44%.  The company added 13 new repair centres to its growing network.  We like that cash reserves are growing, while debt is aggressively retired.  We recommend a stop-loss at $200, looking to achieve $300 -- upside potential of 20%.  Yield 0.2%   

(Analysts’ price target is $300.13)
WAIT
Good time to start a position?

He'd wait a bit. Results being challenged. Nice weather this winter meant fewer collisions and less work for them. Opening new shops. Margins on wages is tight because of inflation. Over 40x earnings, high valuation. Buy closer to a 52-week low.

BUY

The shares' 30% drop is extreme. This is a growth-by-acquisition story, and this number has fallen a little. During Covid, labour costs rose and their were insurance issues about reimbursements. But cars now use more technology, which leads to higher accident repair bills to fix cameras, sensors, etc. This means they can grow more organically.

HOLD
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

EPS of 44c missed estimates of 71c; revenue of $786.5M missed by 0.5%. EBITDA of $81.7M missed b7 7.5%. Mild weather impacted demand in the quarter. Pressure on earnings is expected to continue. Claims and appraisal volumes declined. BYD's cost structure in place exceeded levels of demand, after a couple of very solid prior quarters.  Sales did rise 10%. Same store sales growth is not expected in the Q2. Certainly disappointing after last year's stronger showing. Shares are down the most in three years. BYD has missed before, and has recovered. Its longer term performance record is excellent. But, this quarter will put it into the penalty box for a period of time. We would still not view it as a  sell, however, with the decline already in place. 
Unlock Premium - Try 5i Free

Unspecified

Boyd has good operations and is a consolidator of collision centres. Has grown from a small cap to almost a large cap. It is not super cheap and needs bigger acquisitions to move the needle.
A second part of the call was on Lumine. Buy it for the long term - trading close to CSU's valuation.

Showing 1 to 15 of 148 entries

Boyd Group Services Inc.(BYD-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 6

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 8

Stockchase rating for Boyd Group Services Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Boyd Group Services Inc.(BYD-T) Frequently Asked Questions

What is Boyd Group Services Inc. stock symbol?

Boyd Group Services Inc. is a Canadian stock, trading under the symbol BYD-T on the Toronto Stock Exchange (BYD-CT). It is usually referred to as TSX:BYD or BYD-T

Is Boyd Group Services Inc. a buy or a sell?

In the last year, 8 stock analysts published opinions about BYD-T. 6 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Boyd Group Services Inc..

Is Boyd Group Services Inc. a good investment or a top pick?

Boyd Group Services Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Boyd Group Services Inc..

Why is Boyd Group Services Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Boyd Group Services Inc. worth watching?

8 stock analysts on Stockchase covered Boyd Group Services Inc. In the last year. It is a trending stock that is worth watching.

What is Boyd Group Services Inc. stock price?

On 2025-03-28, Boyd Group Services Inc. (BYD-T) stock closed at a price of $207.4.