Industrial Car Group, Inc. (CVG) (NASDAQ:CVGI) is one of the best EV penny stocks to buy according to hedge funds. On August 4, the corporate reported its Q2 2025 monetary outcomes, the place revenues declined by 11.2% year-over-year to $172 million. The corporate attributed the drop to softening demand within the building, agriculture, and Class 8 truck segments globally.
CVG posted a web lack of $4.1 million, or $(0.12) per diluted share, within the quarter. Compared, the web loss in Q2 2024 was $1.3 million, or $(0.04) per diluted share. Likewise, adjusted EBITDA decreased 36.6% year-over-year to $5.2 million, with an adjusted EBITDA margin of three.0%, down from 4.2% within the second quarter of 2024.
CVG boosted its gross margin to 11.3%, an 80 foundation level enchancment from Q1 2025, regardless of income pressures, and generated $17.3 million in free money movement, up sharply from $800,000 a 12 months earlier, thanks to raised working capital administration. For full-year 2025, the corporate now expects web gross sales of $650–$670 million, adjusted EBITDA of $21–$25 million, and free money movement of a minimum of $30 million.
Industrial Car Group, Inc. (NASDAQ:CVGI) is a worldwide provider of cab and electrical programs, seating assemblies, and plastic parts for industrial and electrical automobiles. The corporate serves OEMs throughout the trucking, building, and industrial markets, and has expanded its capabilities to help EV platforms via superior wire harnessing and energy administration options.
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