Holley (HLLY) has received a new Buy rating, initiated by Benchmark Co. analyst, Michael Albanese.
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Michael Albanese has given his Buy rating due to a combination of factors that suggest a positive outlook for Holley. The company, being a major player in the performance auto aftermarket, is experiencing a turnaround with stabilizing demand and operational improvements under new leadership. These changes are expected to enhance growth and free cash flow generation.
Furthermore, Holley’s strategic enhancements, such as optimizing distribution and focusing on direct-to-consumer sales, have contributed to increased market share and improved efficiency. The company is also making progress in digital marketing, inventory management, and partnerships with national retailers, which are expected to drive future growth. Despite market challenges, Holley’s financial model indicates strong free cash flow potential, and its valuation suggests potential upside, supporting the Buy rating.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HLLY in relation to earlier this year.