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Miller Industries ( (MLR) ) has issued an update.
On December 2, 2025, Miller Industries, through its subsidiary Luna Acquisition Corp., acquired Omars – S.p.A, an Italian towing and recovery equipment manufacturer, for approximately €17.5 million. This acquisition enhances Miller Industries’ European footprint and is expected to improve manufacturing flexibility and market share, with Omars’ annual revenue of $27 million anticipated to be accretive in the first year.
The most recent analyst rating on (MLR) stock is a Hold with a $42.00 price target. To see the full list of analyst forecasts on Miller Industries stock, see the MLR Stock Forecast page.
Spark’s Take on MLR Stock
According to Spark, TipRanks’ AI Analyst, MLR is a Neutral.
Miller Industries faces significant challenges with declining revenue and cash flow issues, impacting its financial performance. The technical indicators suggest a bearish trend, while the valuation remains reasonable. The earnings call highlighted strategic efforts to manage costs and inventory, but macroeconomic uncertainties and revenue declines weigh heavily on the outlook.
To see Spark’s full report on MLR stock, click here.
More about Miller Industries
Miller Industries, Inc. is the world’s largest manufacturer of towing and recovery equipment, focusing on producing light-duty, medium-duty, and heavy-duty car carriers and recovery vehicles. The company is expanding its market presence in Europe through strategic acquisitions.
Average Trading Volume: 91,013
Technical Sentiment Signal: Sell
Current Market Cap: $430.7M
See more insights into MLR stock on TipRanks’ Stock Analysis page.