REV Group Stock Accelerating Upward

REVG designs, manufactures, and distributes specialty vehicles as well as related aftermarket parts and services. It has three segments: fire and emergency, commercial, and recreation. Its biggest business is in the fire and emergency segment, which includes ambulances. While it is a global company, its primary operations are in the U.S. and Canada.

REV Group’s second-quarter results included an increase in quarterly net income to $0.24 per diluted share. Its results were impacted from a divesture involving bus-related business. Still, higher contributions from specialty vehicles (2.9% increase from the prior year’s quarter) helped drive positive results. For all of fiscal 2024, it expects net sales of up to $2.5 billion.

It’s no wonder REVG shares are up 53% this year – and they could rise more. MAPsignals data shows how Big Money investors are betting heavily on the forward picture of the stock.

REV Group Driving Big Money Interest

Institutional volumes reveal plenty. Recently, REVG has enjoyed strong investor demand, which we believe to be institutional support.

Each green bar signals unusually large volumes in REVG shares. They reflect our proprietary inflow signal, pushing the stock higher:

Plenty of industrials names are under accumulation right now. But there’s a powerful fundamental story happening with REV Group.

REV Group Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, REVG has had strong sales and earnings growth:

• 1-year sales growth rate (+13.1%)
• 3-year earnings growth rate (+71.7%)

Source: FactSet

Also, EPS is estimated to ramp higher this year by +35.7%.

Now it makes sense why the stock has been powering to new heights. REVG has a track record of strong financial performance.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

REV Group has been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report multiple times in the last year. The blue bars below show when REVG was a top pick…zooming up along the way:

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.

REV Group Price Prediction

The REVG rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in REVG at the time of publication.

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