REV Group Shares Jump 12.59% with $210M Trading Volume Ranking 471st in Market Activity as Strategic Shifts Fuel Margin Expansion and $4.28B Backlog Growth

On September 3, 2025, REV Group (REVG) surged 12.59% with a trading volume of $210 million, a 117.82% increase from the prior day, ranking 471st in market activity. The stock’s performance followed robust Q3 results highlighting strategic operational shifts and margin expansion.

REV Group’s Specialty Vehicles segment reported a 24.6% year-over-year revenue increase to $483.3 million, driven by strong demand for fire apparatus and ambulances. Adjusted EBITDA for the segment rose 71.4% to $64.6 million, with margins expanding 310 basis points to 13.4%. The company’s backlog now stands at $4.28 billion, reflecting durable demand in mission-critical markets. Management also announced $88.4 million in share repurchases under its $250 million buyback program and a $20 million investment to expand its Brandon, South Dakota facility, aiming to boost production for the S-180 fire apparatus program.

REV Group exited low-margin segments like Lance Camper and Bus Manufacturing in 2024, sharpening its focus on high-margin operations. Updated 2025 guidance forecasts revenue of $2.4–2.45 billion and EBITDA of $220–230 million, supported by a $36 million cash balance and reduced debt. The Recreational Vehicles segment faced challenges from tariffs and dealer costs, but its impact on overall performance remains manageable. Investors emphasized the company’s disciplined capital allocation and resilience in a volatile industrial sector.

Backtest results for the period show that a $1,000 investment in REVG on September 3, 2025, would have grown to $1,125.90, reflecting the stock’s strong post-earnings momentum and strategic positioning in high-margin markets.