Its forward earnings are 27X but its trailing P/E is 152X, analyst estimates are calling for 64% earnings growth next year, mostly driven by base effects (2025 EPS was depressed due to acquisition costs) and the Joe Hudson's acquisition adds a full year of revenue in 2026 vs. almost zero in 2025. The collision repair industry hit a rough patch last year, with claims volume down, but they have since been recovering which would benefit BYD. We think there is still a long runway in the collision industry's fragmented runway, and a potential catalyst is if Project 360 expands the company's overall margins in the coming years. We think that momentum can eventually turnaround, but currently it is seeing some minor headwinds and we would prefer to wait until the name finds some support, and earnings estimates continue to expand before adding here. We would be comfortable holding here.
5i Research Answer: