Boyd Group Secures Funding for Strategic Acquisition

Boyd Group Services ( (TSE:BYD) ) has provided an announcement.

Boyd Group Services Inc. has successfully closed a C$525 million senior unsecured note offering, which, along with a US$897 million equity offering, will fund the acquisition of Joe Hudson’s Collision Center. This strategic move is expected to enhance Boyd’s market position in the automotive collision repair industry, with the acquisition anticipated to close in the fourth quarter of 2025, subject to customary conditions.

The most recent analyst rating on (TSE:BYD) stock is a Buy with a C$291.00 price target. To see the full list of analyst forecasts on Boyd Group Services stock, see the TSE:BYD Stock Forecast page.

Spark’s Take on TSE:BYD Stock

According to Spark, TipRanks’ AI Analyst, TSE:BYD is a Neutral.

Boyd Group Services’ overall stock score is driven by moderate financial performance with steady revenue growth but low profitability and high leverage. The positive sentiment from the earnings call, highlighting operational improvements and strategic milestones, provides some optimism. However, the high P/E ratio suggests potential overvaluation, and technical indicators show a lack of strong momentum.

To see Spark’s full report on TSE:BYD stock, click here.

More about Boyd Group Services

Boyd Group Services Inc. is a Canadian corporation that controls The Boyd Group Inc. and its subsidiaries. It is one of the largest operators of non-franchised collision repair centers in North America, with operations in Canada and the U.S. under various trade names. Boyd also provides retail auto glass services and operates a third-party administrator offering glass, emergency roadside, and first notice of loss services, along with a Mobile Auto Solutions service for scanning and calibration.

Average Trading Volume: 66,611

Technical Sentiment Signal: Sell

Current Market Cap: C$4.8B

For an in-depth examination of BYD stock, go to TipRanks’ Overview page.