On November 7, 2024, Robert Griffin, a Director at Commercial Vehicle Group Inc (CVGI, Financial), purchased 10,000 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 245,481 shares of Commercial Vehicle Group Inc.
Commercial Vehicle Group Inc, listed under the ticker CVGI, operates in the automotive industry, specializing in the manufacture and sale of various products for the global commercial vehicle market, including seating systems, warehouse automation subsystems, wire harnesses, and other components.
The purchase occurred at a stock price of $2.72 per share, valuing the transaction at $27,200. This acquisition has increased the insider's stake in the company significantly.
Over the past year, there has been a notable trend in insider transactions at Commercial Vehicle Group Inc, with a total of 1 insider buy and 0 insider sells. This recent purchase by Robert Griffin aligns with the overall buying trend observed within the company.
The current market cap of Commercial Vehicle Group Inc is approximately $87.108 million. The stock's price-earnings ratio stands at 2.50, which is significantly lower than the industry median of 16.43, indicating a potentially undervalued stock in comparison to its peers.
According to the GF Value, the intrinsic value of CVGI is estimated at $6.37 per share, suggesting that the stock is significantly undervalued with a price-to-GF-Value ratio of 0.43.
This insider purchase could signal a positive outlook from the insider on the company's current valuation and future prospects. Investors often look at insider buys as a sign of confidence in the company's future performance and valuation.
For more detailed information on CVGI's valuation metrics such as price-sales ratio, price-book ratio, and price-to-free cash flow, interested parties are encouraged to visit the respective links.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
