Boyd Group Services Inc. (BGSI) Stock Price & How to Invest

Boyd Group Services Inc. operates roughly 1,312 collision repair centers across North America, trading as Gerber Collision & Glass in the United States, Boyd Autobody & Glass in Canada, and Joe Hudson's Collision Center across the U.S. Southeast after that chain was acquired in January 2026. It also runs auto glass repair and replacement through Glass America and related brands. The company is headquartered in Winnipeg, reports in U.S. dollars, and is dual listed on the Toronto Stock Exchange as BYD and the NYSE as BGSI. The economics are business-to-business in practice: most work arrives through direct repair program relationships with insurance carriers, so the volume driver is how many repairable accident claims get filed, not how many drivers feel like spending.

The investment picture is a roll-up with real scale advantages running into a soft demand cycle. Trailing twelve-month revenue is about $3.36 billion and fiscal 2025 adjusted EBITDA was roughly $376 million at a 12.0% margin, up 110 basis points year over year, yet GAAP net earnings were only about $18.4 million because depreciation, lease charges and interest on roughly $2.06 billion of debt absorb nearly all of operating income. Repairable claims volumes fell in the high single digits in early 2025 before improving to a 2% to 4% decline by the fourth quarter. The shares have fallen from a 52-week high near $183 to about $102, which tells you the market has been repricing the growth algorithm rather than reacting to a solvency question.

Volume is decided by insurers and accident frequency, and the multi-year decline in repairable claims (driven by advanced driver assistance systems, higher deductibles and drivers choosing not to file) is a structural headwind, not just a cycle. Leverage near 2.9x on roughly $2.06 billion of debt means interest expense already consumes most of operating income, and GAAP net earnings of about $13 million on the trailing twelve months leaves very little cushion if margins slip. The gap between adjusted EPS of roughly $2.78 for fiscal 2025 and reported EPS of $0.82 is wide, and investors relying on the adjusted figure are excluding real lease, amortization and acquisition costs. Insurers hold pricing leverage in direct repair program negotiations, so margin gains can be recaptured by the customer over time. The Joe Hudson integration is still recent, and roll-ups historically stumble when an acquired network's productivity does not converge to the parent's.

3 analysts publish price targets on BGSI, averaging $162.27 against a $102.34 price as of August 2026, or +58.6%. The published targets run from $150.00 to $181.82, a narrow spread, and the ratings split 13 buy, 1 hold, 0 sell. Over the last six months there have been 0 raises and 1 cut among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full BGSI forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Boyd Group Services Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Joe Hudson integration and the consolidation runway. The January 2026 purchase of Joe Hudson's Collision Center added 258 locations and lifted the North American footprint about 25% in one step, and it is the main reason Q1 2026 sales rose 28.1% to roughly $996.7 million. The most optimistic published target, $181.82, assumes this works close to its best case.

The case against. Volume is decided by insurers and accident frequency, and the multi-year decline in repairable claims (driven by advanced driver assistance systems, higher deductibles and drivers choosing not to file) is a structural headwind, not just a cycle. The most pessimistic target, $150.00, is roughly what BGSI is worth if this bites instead.

Read the full bull and bear case on BGSI, including what would have to change to break either one. Walnut is not an investment adviser.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Boyd Group Services Inc.'s investor relations page or your broker.

• Revenue (TTM): ~$3.36 billion, up ~9.8%
• Q1 2026 sales / adjusted EBITDA: ~$996.7M (+28.1%) / ~$122.4M at ~12.3% margin
• FY2025 adjusted EBITDA: ~$376.3 million (~12.0% margin), adjusted EPS ~$2.78
• Net earnings (TTM): ~$13.1 million, reported EPS ~$0.66
• Market cap / enterprise value: ~$2.85 billion / ~$4.86 billion
• Net debt / leverage: ~$2.0 billion net debt, ~2.9x pro forma; forward P/E ~25x, P/S ~0.85x

The trailing P/E above 200 is a mechanical artifact of near-zero GAAP earnings, not a valuation signal, which is why the market prices this on EV to adjusted EBITDA (roughly 13x the fiscal 2025 figure, closer to 10x on the annualized Q1 2026 run rate) and on forward earnings near 25x. Note that Boyd's adjusted EBITDA is reported after IFRS 16, so lease costs sit below the line and the figure is not directly comparable to pre-lease-accounting history. Second quarter 2026 results are scheduled for August 12, 2026, before the open.

Other names that sit close to BGSI: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get BGSI exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so BGSI sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where BGSI fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

BGSI is a scale story in a fragmented, insurer-driven industry, priced on adjusted earnings that a roughly $2 billion debt load and falling claim counts both have a claim on.

Whether BGSI is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is BGSI a buy or a sell?, and where the stock could go from here in the BGSI stock forecast.

For income investors, whether BGSI pays a dividend and how the payout looks is covered in does BGSI pay a dividend? And to weigh BGSI against a peer, read the full side-by-side comparisons: BGSI vs CCC and BGSI vs LKQ.