Boyd Group Services Reports Q1 2025 Results with Strategic Expansion and Improved Margins

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

Boyd Group Services Inc. reported a slight decrease in sales by 1.0% to $778.3 million for the first quarter of 2025, with same-store sales declining by 2.8%. Despite these challenges, the company achieved a gross profit increase of $6.7 million, or 1.9%, attributed to internal improvements and strategic initiatives. The company also expanded its operations by adding nine new collision repair locations and two glass business acquisitions. Boyd’s implementation of a new indirect staffing model is expected to generate significant cost savings, indicating a positive outlook for future financial performance.

The most recent analyst rating on (TSE:BYD) stock is a Buy with a C$350.00 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 is experiencing strong revenue growth driven by expansion, yet faces challenges with declining margins and high leverage. Technical indicators reflect mixed signals, and valuation metrics suggest the stock may be overvalued. While initiatives like Project 360 show promise, ongoing operational challenges and recent corporate events introduce uncertainty, resulting in a moderate overall stock score.

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

More about Boyd Group Services

Boyd Group Services Inc. operates in the collision repair industry, providing automotive repair services and glass repair and replacement. The company is focused on expanding its market presence through acquisitions and new start-up locations.

Average Trading Volume: 55,291

Technical Sentiment Signal: Sell

Current Market Cap: C$4.56B

See more insights into BYD stock on TipRanks’ Stock Analysis page.