Commercial Vehicle (CVGI)
Market Price (2/7/2026): $1.63 | Market Cap: $55.2 MilSector: Consumer Discretionary | Industry: Automotive Parts & Equipment
Commercial Vehicle (CVGI)
Market Price (2/7/2026): $1.63Market Cap: $55.2 MilSector: Consumer DiscretionaryIndustry: Automotive Parts & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, and Advanced Materials. Themes include EV Manufacturing, Autonomous Driving Technology, Show more. | Weak multi-year price returns2Y Excs Rtn is -115%, 3Y Excs Rtn is -149% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -4.1 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.6% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 161% | ||
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -13%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -12%, Rev Chg QQuarterly Revenue Change % is -11% | ||
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -103% | ||
| Key risksCVGI key risks include [1] uncertainty surrounding its electric vehicle strategy and [2] a weakening liquidity position that has resulted in a credit downgrade. |
| Megatrend and thematic driversMegatrends include Electric Vehicles & Autonomous Driving, and Advanced Materials. Themes include EV Manufacturing, Autonomous Driving Technology, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -115%, 3Y Excs Rtn is -149% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -4.1 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -0.6% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 161% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -13%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -12%, Rev Chg QQuarterly Revenue Change % is -11% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -103% |
| Key risksCVGI key risks include [1] uncertainty surrounding its electric vehicle strategy and [2] a weakening liquidity position that has resulted in a credit downgrade. |
Qualitative Assessment
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Commercial Vehicle (CVGI) stock has gained about 5% since 10/31/2025 because of the following key factors:
1. Disappointing Third Quarter 2025 Earnings: Commercial Vehicle Group (CVGI) reported its third-quarter 2025 earnings on November 10, 2025, with an EPS of -$0.14, missing the consensus estimate of -$0.12, and revenue of $152.49 million, falling short of analyst estimates of $157.40 million. The company's net loss widened to $6.8 million, or -$0.20 per diluted share, primarily due to softened customer demand in North America and increased interest and taxes. This negative financial performance, along with negative free cash flow, contributed to a lack of upward momentum for the stock.
2. Weak Industry Outlook for Commercial Vehicle Production: The overall market conditions for commercial vehicles were unfavorable during this period. According to ACT's forecast, Class 8 heavy truck build volumes were estimated to decline by 28% year-over-year in 2025, with a further 14% decline projected for 2026. Additionally, the construction and agriculture markets, key sectors for CVGI, experienced ongoing softness. This challenging industry backdrop limited investor enthusiasm and put a ceiling on the stock's potential for growth.
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1. Disappointing Third Quarter 2025 Earnings: Commercial Vehicle Group (CVGI) reported its third-quarter 2025 earnings on November 10, 2025, with an EPS of -$0.14, missing the consensus estimate of -$0.12, and revenue of $152.49 million, falling short of analyst estimates of $157.40 million. The company's net loss widened to $6.8 million, or -$0.20 per diluted share, primarily due to softened customer demand in North America and increased interest and taxes. This negative financial performance, along with negative free cash flow, contributed to a lack of upward momentum for the stock.
2. Weak Industry Outlook for Commercial Vehicle Production: The overall market conditions for commercial vehicles were unfavorable during this period. According to ACT's forecast, Class 8 heavy truck build volumes were estimated to decline by 28% year-over-year in 2025, with a further 14% decline projected for 2026. Additionally, the construction and agriculture markets, key sectors for CVGI, experienced ongoing softness. This challenging industry backdrop limited investor enthusiasm and put a ceiling on the stock's potential for growth.
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Stock Movement Drivers
Fundamental Drivers
The 7.2% change in CVGI stock from 10/31/2025 to 2/6/2026 was primarily driven by a 10.7% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 2062026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.52 | 1.63 | 7.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 677 | 658 | -2.8% |
| P/S Multiple | 0.1 | 0.1 | 10.7% |
| Shares Outstanding (Mil) | 34 | 34 | -0.3% |
| Cumulative Contribution | 7.2% |
Market Drivers
10/31/2025 to 2/6/2026| Return | Correlation | |
|---|---|---|
| CVGI | 7.2% | |
| Market (SPY) | 1.3% | 47.1% |
| Sector (XLY) | -1.6% | 37.9% |
Fundamental Drivers
The -3.6% change in CVGI stock from 7/31/2025 to 2/6/2026 was primarily driven by a -5.9% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 7312025 | 2062026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.69 | 1.63 | -3.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 699 | 658 | -5.9% |
| P/S Multiple | 0.1 | 0.1 | 3.0% |
| Shares Outstanding (Mil) | 34 | 34 | -0.6% |
| Cumulative Contribution | -3.6% |
Market Drivers
7/31/2025 to 2/6/2026| Return | Correlation | |
|---|---|---|
| CVGI | -3.6% | |
| Market (SPY) | 9.6% | 40.1% |
| Sector (XLY) | 6.8% | 33.0% |
Fundamental Drivers
The -22.0% change in CVGI stock from 1/31/2025 to 2/6/2026 was primarily driven by a -12.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312025 | 2062026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.09 | 1.63 | -22.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 754 | 658 | -12.8% |
| P/S Multiple | 0.1 | 0.1 | -9.5% |
| Shares Outstanding (Mil) | 33 | 34 | -1.3% |
| Cumulative Contribution | -22.0% |
Market Drivers
1/31/2025 to 2/6/2026| Return | Correlation | |
|---|---|---|
| CVGI | -22.0% | |
| Market (SPY) | 15.8% | 43.4% |
| Sector (XLY) | 2.3% | 43.8% |
Fundamental Drivers
The -80.5% change in CVGI stock from 1/31/2023 to 2/6/2026 was primarily driven by a -69.9% change in the company's P/S Multiple.| (LTM values as of) | 1312023 | 2062026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.38 | 1.63 | -80.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 976 | 658 | -32.6% |
| P/S Multiple | 0.3 | 0.1 | -69.9% |
| Shares Outstanding (Mil) | 32 | 34 | -4.2% |
| Cumulative Contribution | -80.5% |
Market Drivers
1/31/2023 to 2/6/2026| Return | Correlation | |
|---|---|---|
| CVGI | -80.5% | |
| Market (SPY) | 76.2% | 33.8% |
| Sector (XLY) | 62.5% | 33.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CVGI Return | -7% | -16% | 3% | -65% | -42% | 3% | -83% |
| Peers Return | 24% | -29% | 4% | -29% | 43% | 19% | 11% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -1% | 81% |
Monthly Win Rates [3] | |||||||
| CVGI Win Rate | 50% | 42% | 42% | 25% | 42% | 50% | |
| Peers Win Rate | 62% | 33% | 42% | 33% | 57% | 90% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| CVGI Max Drawdown | -18% | -50% | -18% | -70% | -66% | 0% | |
| Peers Max Drawdown | -5% | -41% | -14% | -38% | -22% | -0% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LEA, ADNT, APTV, BWA, DAN.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/6/2026 (YTD)
How Low Can It Go
| Event | CVGI | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -69.7% | -25.4% |
| % Gain to Breakeven | 229.6% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -80.0% | -33.9% |
| % Gain to Breakeven | 399.2% | 51.3% |
| Time to Breakeven | 161 days | 148 days |
| 2018 Correction | ||
| % Loss | -59.2% | -19.8% |
| % Gain to Breakeven | 145.3% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -97.9% | -56.8% |
| % Gain to Breakeven | 4602.1% | 131.3% |
| Time to Breakeven | Not Fully Recovered days | 1,480 days |
Compare to LEA, ADNT, APTV, BWA, DAN
In The Past
Commercial Vehicle's stock fell -69.7% during the 2022 Inflation Shock from a high on 5/7/2021. A -69.7% loss requires a 229.6% gain to breakeven.
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About Commercial Vehicle (CVGI)
Commercial Vehicle Group, Inc., together with its subsidiaries, designs, manufactures, produces, and sells components and assemblies in North America, Europe, and the Asia-Pacific regions. It operates in four segments: Vehicle Solutions, Warehouse Automation, Electrical Systems, and Aftermarket & Accessories. The company offers electrical wire harness assemblies that function as current carrying devices in providing electrical interconnections for gauges, lights, control functions, power circuits, powertrain and transmission sensors, emissions systems, and other electronic applications on commercial and other vehicles; and panel assemblies. It also offers electro-mechanical assemblies, such as box builds, complex automated and robotic assemblies, and large multi-cabinet control cabinets with power distribution and cabling; vinyl or cloth-covered appliqués, armrests, map pocket compartments, and sound-reducing insulations; instrument panels; and plastics decorating and finishing products. In addition, it provides cab structures; design products, including armrests, grab handles, storage systems, floor coverings, floor mats, sleeper bunks, headliners, wall panels, and privacy curtains; and mirrors, wipers, and controls used in commercial, military and specialty recreational vehicles. Further, it offers seats and seating systems, such as mechanical and air suspension, static and military seats, and bus, as well as seats for medium-and heavy-duty trucks (MD/HD trucks); office seating products; and seats, parts, and components for the aftermarket. The company supplies its products and systems for the commercial vehicle market comprising the MD/HD truck market; and MD/HD truck, bus, construction, mining, agricultural, military, industrial, municipal, off-road recreational, and specialty vehicle markets. Commercial Vehicle Group, Inc. was incorporated in 2000 and is headquartered in New Albany, Ohio.
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Here are 1-2 brief analogies for Commercial Vehicle Group (CVGI):
Magna International for heavy-duty vehicles.
A specialized Lear Corporation for commercial vehicle seating and electrical systems.
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- Seating Systems: Manufactures and supplies a range of seats for commercial trucks, construction equipment, agricultural vehicles, and other specialty applications.
- Wiring Systems: Produces electrical wire harnesses, cable assemblies, and related components primarily for heavy-duty trucks, construction, and agricultural equipment.
- Structures and Assemblies: Provides components such as trim systems, cab structures, mirror systems, and other structural parts for commercial vehicles.
- Mechanical and Electronic Controls: Offers shifters, pedals, sensors, and other control products for various vehicle and industrial applications.
- Material Handling & Automation Solutions: Delivers solutions including automated guided vehicles (AGVs), intralogistics systems, and robotics for warehousing and manufacturing industries.
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Major Customers of Commercial Vehicle Group (CVGI)
Commercial Vehicle Group, Inc. (symbol: CVGI) primarily sells its products and services to other companies, specifically global commercial vehicle Original Equipment Manufacturers (OEMs) and customers in related markets, rather than directly to individuals.
Based on their recent public filings, the major customer companies that account for a significant portion of their consolidated net sales are:
-
Daimler Truck AG (and its affiliates)
- Primary Stock Exchange Listing: Frankfurt Stock Exchange (FWB)
- Symbol: DTG
- Note: Also trades on OTC markets under symbol DTGFF.
-
PACCAR Inc. (and its affiliates)
- Primary Stock Exchange Listing: NASDAQ
- Symbol: PCAR
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James R. Ray, President and Chief Executive Officer
James R. Ray was appointed President and Chief Executive Officer of Commercial Vehicle Group (CVG) in December 2023. He has been an Independent Director on CVG's Board since March 2020. Mr. Ray provides consulting services to Fortune 100 companies and private equity portfolio companies. He also serves as an Independent Director on the Board of Spirit AeroSystems, Inc., and previously served on the Boards of Leslie's, Inc. and RR Donnelley. Prior to joining CVG's Board, he served as President, Engineered Fastening at Stanley Black & Decker, Inc. from 2013 to 2020, where he held various global industrial P&L and operational leadership roles. Before that, he spent over 25 years in global P&L and engineering leadership roles at TE Connectivity, Delphi, and General Motors.
Andy Cheung, Executive Vice President, Chief Financial Officer & Information Technology
Andy Cheung joined CVG in October 2022 as Executive Vice President and Chief Financial Officer. Before his tenure at CVG, Mr. Cheung spent more than 25 years at Johnson Controls, where he advanced through various positions in finance, general management, procurement, and corporate development. His most recent role there was Vice President & Chief Financial Officer of Global Products. During his career, he has lived and worked in Japan, China, Belgium, and the United States.
Kristin Mathers, Chief Human Resources Officer
Kristin Mathers became Chief Human Resources Officer at CVG in September 2021. She previously served as Vice President of Talent Management at Baker Hughes. Ms. Mathers has extensive HR experience, including leadership roles in GE's transportation, appliance, lighting businesses, and corporate headquarters, stemming from her time with Baker Hughes and its legacy parent, GE, since 2000.
Aneezal H. Mohamed, Chief Legal Officer, Compliance Officer & Corporate Secretary
Aneezal H. Mohamed joined CVG in 2013 and has held increasingly responsible positions, including Associate General Counsel, Deputy General Counsel, Interim General Counsel, and Vice President, Legal & Compliance and Secretary. Before CVG, he was counsel with Kegler Brown Hill & Ritter and served in various capacities at Cardinal Health, such as Senior Counsel, Vice President & Associate General Counsel, and Assistant General Counsel. Earlier in his career, Mr. Mohamed was counsel to CMS Energy Corporation.
Peter Lugo, President, Global Electrical Systems
Peter Lugo joined CVG in November 2024 as President, Global Electrical Systems. In this role, he is responsible for the day-to-day oversight of the electrical business, focusing on the development and execution of commercial, engineering, and product management strategies. Prior to CVG, Mr. Lugo was the Senior Vice President, Electrical Products & Engineered Solutions at Southwire, where he drove business strategy that resulted in sustainable growth through organic activities and five acquisitions. He has also held leadership positions at companies including Bullard, Eaton Corp., Phillips Petroleum, Switchgear Systems, and General Electric.
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The key risks for Commercial Vehicle Group (CVGI) include its exposure to cyclical market demand, uncertainty surrounding its electric vehicle (EV) strategy, and a weakening liquidity position.
- Cyclical Exposure and Softening Demand: CVGI's business is highly dependent on cyclical markets, particularly the construction, agriculture, and Class 8 heavy truck sectors. The company has experienced a global softening in demand within the construction and agriculture sectors, as well as a decrease in Class 8 heavy truck builds. This has directly led to lower revenue, operating losses, and a negative adjusted EBITDA in the fourth quarter of 2024. Analysts project declines of 5-10% in Construction and Agriculture markets in 2025, which could prolong margin pressures for CVGI.
- EV Strategy Uncertainty and Competition: While CVGI is actively pursuing diversification into the electric vehicle market, there is significant uncertainty surrounding its EV strategy. Without clearer partnerships with EV original equipment manufacturers (OEMs) or specific product roadmaps, the company risks missing out on a defining industry shift. Furthermore, CVGI faces competition from Chinese manufacturers exporting low-cost EVs, which could limit its opportunities in this evolving market.
- Liquidity and Financial Position: CVGI's financial position has been under pressure, leading S&P Global Ratings to downgrade the company due to a weaker-than-expected liquidity position in 2024, with potential for further pressure in 2025. This includes expectations of negative reported free operating cash flow (FOCF) for 2024 and constrained liquidity in 2025. The reduced liquidity is attributed to lower revenue and earnings resulting from weaker demand in its core commercial vehicle markets.
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Commercial Vehicle Group Inc. (CVGI) operates in several key addressable markets for its main products and services, which include seating systems, electrical systems (wire harnesses and controls), interior trim systems, cab structures, and plastic parts.
Addressable Markets for CVGI's Main Products and Services:
- Commercial Vehicle Seating Systems:
- Globally, the commercial vehicle seating market was valued at approximately USD 7.3 billion in 2023 and is projected to reach USD 12.2 billion by 2030, growing at a CAGR of 7.2%. Other estimates indicate a global market size of USD 12.8 billion in 2024, expected to grow to USD 19.6 billion by 2034.
- In North America, the commercial vehicle seat market is a significant portion of the global market. The overall North America automotive seat market, which includes commercial vehicles, was valued at USD 19.39 billion in 2025 and is forecast to reach USD 24.58 billion by 2030, with a CAGR of 4.86%. The U.S. alone generated USD 3.8 billion in 2024 for commercial vehicle seats.
- Commercial Vehicle Electrical Systems (Wire Harnesses and Controls):
- The global commercial vehicle wiring harness market was estimated at US$ 13.45 billion in 2023 and is expected to reach US$ 25.79 billion by 2031, growing at a CAGR of 8.5%. Another report valued the global commercial vehicle harness market at approximately USD 53.20 billion in 2025, with a projection to reach USD 83.22 billion by 2032.
- For North America, the commercial vehicle wiring harness market was valued at an estimated USD 6.79 billion in 2023 and is projected to reach USD 9.21 billion by 2032, exhibiting a CAGR of 4.1%. The broader North America wire harness market, encompassing various applications including commercial vehicles, was valued at US$ 22.63 billion in 2022 and is projected to reach US$ 34.14 billion by 2030.
- Commercial Vehicle Interior Trim Systems:
- The global automotive interior market (which includes commercial vehicles) was valued at approximately USD 152.18 billion in 2024 and is projected to grow to USD 159.2 billion in 2025. More specifically, the automotive interior components market is estimated to be valued at USD 175.69 billion in 2025 and is expected to reach USD 276.81 billion by 2032, with a CAGR of 6.7%.
- North America is expected to be a leading region in the global automotive interior components market, holding an estimated 43.7% market share in 2025.
- Commercial Vehicle Cab Structures and Structural Components:
- The global commercial vehicle body and superstructure market is expected to achieve a significant share by 2035, with a compound annual growth rate (CAGR) of 6.2% during the forecast period from 2025 to 2035.
- Commercial Vehicle Plastics Parts and Assemblies:
- The global automotive plastics market (which includes commercial vehicles) is expected to grow from USD 33.0 billion in 2024 to USD 58.0 billion by 2034, at a CAGR of 5.8%.
- In North America, the automotive plastics market size is anticipated to reach USD 6.8 billion by 2030, with a CAGR of 4.6% from 2024 to 2030. The U.S. market alone for automotive plastics is projected to reach USD 5,951.4 million by 2030.
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Expected Drivers of Future Revenue Growth for Commercial Vehicle Group (CVGI)
Over the next two to three years, Commercial Vehicle Group (CVGI) is expected to drive future revenue growth through a combination of strategic initiatives and market expansion. Key anticipated drivers include new business wins in high-growth areas, the benefits of recent organizational restructuring, and the expansion of its aftermarket e-commerce platform.1. New Business Wins in High-Growth Segments, Including Electric Vehicles
CVGI anticipates significant revenue growth from new business wins, particularly within its Global Electrical Systems segment. The company has secured new contracts totaling approximately $97 million in annualized revenue when fully ramped, with year-to-date wins in 2024 reaching $95 million. This segment is strategically pivoting towards stable demand drivers such as automotive electrification, indicating an expansion into the electric vehicle (EV) market. CVG is leveraging its expertise to supply electric vehicle assemblies and electrical wire harnesses, positioning itself to capitalize on the growing EV sector.2. Benefits from Strategic Restructuring and Operational Efficiencies
Effective January 1, 2025, CVGI implemented a major organizational restructuring, reorganizing its business units into three core operating divisions: Global Electrical Systems, Global Seating, and Trim Systems and Components. This restructuring aims to enhance alignment with customers and end markets, improve operational efficiency, and reduce corporate and administrative costs. Management believes these strategic actions will better position the business for future growth and margin expansion in 2025 and beyond by creating a more agile and customer-centric enterprise. Leaner operations are also projected to contribute to revenue rebound in 2025 and 2026.3. Expansion of Aftermarket E-commerce Platform
CVGI launched its aftermarket e-commerce platform, AftermarketTruckParts.com, in April 2023, initially targeting commercial vehicle operators in the U.S. market. This platform offers over 250 popular products, including brands like Bostrom Seats and National Seats, allowing customers to order directly from the factory. The expansion into aftermarket e-commerce provides a direct channel for sales growth by addressing critical issues for fleets and independent operators, such as driver retention and vehicle uptime through readily available replacement parts.AI Analysis | Feedback
Share Issuance
- In June 2025, Commercial Vehicle Group issued five-year warrants to TCW Group to purchase up to 3,934,776 shares of common stock in two equal tranches at exercise prices of $1.58 and $2.07 respectively.
- The company retains the right to repurchase up to 50% of each warrant tranche within four years.
- The number of shares outstanding increased from approximately 32.51 million as of March 9, 2021, to 34.64 million as of March 14, 2025, indicating share issuance over this period.
Capital Expenditures
- For the full year 2024, Commercial Vehicle Group forecasted capital expenditures between $25 million and $30 million.
- In June 2025, as part of new credit facilities, annual consolidated capital expenditures are capped at $20 million, with a sublimit of $10 million for foreign capital expenditures.
- The company expects a 50% reduction in planned capital expenditures for 2025, primarily focused on driving improved cash generation, supporting new business wins in the Electrical Systems segment, and reducing manufacturing costs, including investments in new plants in Mexico and Morocco.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Commercial Vehicle Earnings Notes | 12/16/2025 | |
| How Low Can Commercial Vehicle Stock Really Go? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 41.96 |
| Mkt Cap | 5.8 |
| Rev LTM | 14,434 |
| Op Inc LTM | 683 |
| FCF LTM | 454 |
| FCF 3Y Avg | 450 |
| CFO LTM | 857 |
| CFO 3Y Avg | 869 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 0.6% |
| Rev Chg 3Y Avg | 4.2% |
| Rev Chg Q | 2.9% |
| QoQ Delta Rev Chg LTM | 0.7% |
| Op Mgn LTM | 4.3% |
| Op Mgn 3Y Avg | 3.6% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 4.8% |
| CFO/Rev 3Y Avg | 4.7% |
| FCF/Rev LTM | 2.2% |
| FCF/Rev 3Y Avg | 2.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 5.8 |
| P/S | 0.4 |
| P/EBIT | 11.8 |
| P/E | 45.5 |
| P/CFO | 7.3 |
| Total Yield | 1.3% |
| Dividend Yield | 0.3% |
| FCF Yield 3Y Avg | 8.7% |
| D/E | 0.7 |
| Net D/E | 0.5 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 13.0% |
| 3M Rtn | 25.3% |
| 6M Rtn | 29.9% |
| 12M Rtn | 56.6% |
| 3Y Rtn | -10.5% |
| 1M Excs Rtn | 12.9% |
| 3M Excs Rtn | 21.5% |
| 6M Excs Rtn | 22.2% |
| 12M Excs Rtn | 40.6% |
| 3Y Excs Rtn | -81.3% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Vehicle Solutions | 470 | 580 | 499 | 367 | |
| Electrical Systems | 228 | 180 | 169 | 141 | 522 |
| Aftermarket and Accessories | 137 | 134 | 116 | 108 | |
| Corporate/Other | 0 | ||||
| Industrial Automation | 88 | 188 | 102 | ||
| Global Seating | 379 | ||||
| Total | 835 | 982 | 972 | 718 | 901 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Vehicle Solutions | 33 | 21 | 24 | 3 | |
| Electrical Systems | 26 | 18 | 12 | 7 | 43 |
| Aftermarket and Accessories | 18 | 12 | 24 | 11 | |
| Corporate and other unallocated costs | -38 | ||||
| Corporate/Other | -23 | -24 | -28 | -26 | |
| Industrial Automation | -8 | 15 | -16 | ||
| Global Seating | 24 | ||||
| Total | 40 | 20 | 50 | -23 | 41 |
Price Behavior
Price Behavior
| Market Price | $1.63 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 08/09/2004 | |
| Distance from 52W High | -22.7% | |
| 50 Days | 200 Days | |
| DMA Price | $1.61 | $1.59 |
| DMA Trend | up | up |
| Distance from DMA | 1.4% | 2.3% |
| 3M | 1YR | |
| Volatility | 70.1% | 79.4% |
| Downside Capture | 179.18 | 270.44 |
| Upside Capture | 257.18 | 210.57 |
| Correlation (SPY) | 38.6% | 42.8% |
CVGI Betas & Captures as of 1/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 4.02 | 3.23 | 2.43 | 2.03 | 1.73 | 1.38 |
| Up Beta | 0.97 | 2.73 | 4.44 | 3.31 | 1.27 | 1.13 |
| Down Beta | 3.93 | 3.85 | 1.58 | 1.95 | 1.55 | 1.35 |
| Up Capture | 500% | 195% | 240% | 132% | 344% | 105% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 8 | 14 | 23 | 50 | 106 | 334 |
| Down Capture | 487% | 362% | 219% | 187% | 159% | 112% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 10 | 22 | 31 | 60 | 126 | 382 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CVGI | |
|---|---|---|---|---|
| CVGI | -22.9% | 79.3% | 0.01 | - |
| Sector ETF (XLY) | 3.7% | 24.2% | 0.09 | 44.7% |
| Equity (SPY) | 15.4% | 19.4% | 0.61 | 43.9% |
| Gold (GLD) | 73.9% | 24.8% | 2.19 | -0.9% |
| Commodities (DBC) | 8.9% | 16.6% | 0.34 | 16.1% |
| Real Estate (VNQ) | 4.6% | 16.5% | 0.10 | 41.1% |
| Bitcoin (BTCUSD) | -33.5% | 42.9% | -0.83 | 30.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CVGI | |
|---|---|---|---|---|
| CVGI | -28.5% | 57.6% | -0.35 | - |
| Sector ETF (XLY) | 8.1% | 23.7% | 0.30 | 35.8% |
| Equity (SPY) | 14.4% | 17.0% | 0.68 | 37.5% |
| Gold (GLD) | 21.4% | 16.9% | 1.03 | 4.0% |
| Commodities (DBC) | 11.5% | 18.9% | 0.49 | 14.1% |
| Real Estate (VNQ) | 5.0% | 18.8% | 0.17 | 31.6% |
| Bitcoin (BTCUSD) | 13.9% | 57.8% | 0.46 | 18.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CVGI | |
|---|---|---|---|---|
| CVGI | -6.6% | 67.1% | 0.19 | - |
| Sector ETF (XLY) | 13.5% | 21.9% | 0.56 | 34.1% |
| Equity (SPY) | 15.4% | 17.9% | 0.74 | 34.9% |
| Gold (GLD) | 15.7% | 15.5% | 0.84 | -1.4% |
| Commodities (DBC) | 8.0% | 17.6% | 0.37 | 18.0% |
| Real Estate (VNQ) | 6.0% | 20.7% | 0.25 | 29.8% |
| Bitcoin (BTCUSD) | 67.1% | 66.6% | 1.07 | 11.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/10/2025 | 0.0% | 0.3% | 8.7% |
| 8/4/2025 | -2.7% | -1.1% | -9.7% |
| 3/10/2025 | -3.8% | -16.1% | -49.3% |
| 11/4/2024 | -22.1% | -12.0% | -25.3% |
| 8/5/2024 | -15.9% | -32.3% | -30.2% |
| 3/4/2024 | -7.7% | -8.4% | -3.2% |
| 11/1/2023 | -10.4% | -18.9% | -0.3% |
| 8/1/2023 | 7.2% | -6.1% | -16.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 7 | 7 | 6 |
| # Negative | 11 | 11 | 12 |
| Median Positive | 6.1% | 9.3% | 21.4% |
| Median Negative | -8.7% | -14.3% | -17.3% |
| Max Positive | 37.0% | 48.1% | 53.9% |
| Max Negative | -22.1% | -36.9% | -49.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 11/10/2025 | 10-Q |
| 06/30/2025 | 08/04/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 03/17/2025 | 10-K |
| 09/30/2024 | 11/04/2024 | 10-Q |
| 06/30/2024 | 08/05/2024 | 10-Q |
| 03/31/2024 | 05/06/2024 | 10-Q |
| 12/31/2023 | 03/14/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 03/06/2023 | 10-K |
| 09/30/2022 | 11/02/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/04/2022 | 10-Q |
| 12/31/2021 | 03/02/2022 | 10-K |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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