Boyd Group beats Q3 sales estimates, expects Joe Hudson acquisition to close in Q4 2025

Boyd Services

12/11/2025 11:10

Overview

Boyd Q3 sales rose 5% to $790.2 mln, slightly beating analyst expectations

Adjusted EPS for Q3 beat analyst expectations, reaching $0.62

Company announced acquisition of Joe Hudson Collision Center for $1.3 bln

Outlook

Boyd expects to open 13 new start-up locations in Q4 2025

Joe Hudson acquisition expected to close in Q4 2025, adding 258 locations

Company projects $35-$45 mln in synergies from Joe Hudson acquisition

Result Drivers

SAME-STORE SALES GROWTH - Boyd achieved a 2.4% increase in same-store sales, contributing to overall sales growth

NEW LOCATIONS - Added 24 collision repair locations, including 17 through acquisition and seven start-up locations

COST TRANSFORMATION - Project 360 cost transformation plan led to a 22.8% increase in Adjusted EBITDA

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
Slight Beat*
$790.21 mln
$787.60 mln (12 Analysts)
Q3 Adjusted EPS
Beat
$0.62
$0.61 (11 Analysts)
Q3 EPS
$0.50
Q3 Adjusted Net Income
$13.29 mln
Q3 Net Income
$10.85 mln
Q3 Adjusted EBITDA
$98.37 mln
Q3 Gross Margin
46.30%
Q3 Basic EPS
$0.51


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the personal services peer group is "buy"

Wall Street's median 12-month price target for Boyd Group Services Inc is C$277.50, about 23.7% above its November 11 closing price of C$211.77

The stock recently traded at 41 times the next 12-month earnings vs. a P/E of 40 three months ago

Press Release: ID:nPn6KH5ca

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)