Mobility Global (NYSE:MBGL) Issues Quarterly Earnings Results
by Jessica Moore · The Cerbat GemMobility Global (NYSE:MBGL – Get Free Report) released its earnings results on Friday. The company reported $0.18 earnings per share for the quarter, Zacks reports.
Here are the key takeaways from Mobility Global’s conference call:
- Revenue growth fell short of expectations: Second-quarter organic revenue grew approximately 7%, with B2B growth slowing to 4% and softer international automotive activity weighing on transactional revenue.
- Mobility Global lowered its full-year 2026 revenue guidance to $1.87 billion–$1.885 billion, or 6.9%–7.7% growth, and expects adjusted EBITDA of $745 million–$760 million with roughly a 40% midpoint margin.
- Profitability remained strong: Second-quarter adjusted EBITDA rose 7% to $202 million, while the adjusted EBITDA margin expanded 40 basis points to 43.2% as the company managed costs and funded growth investments.
- The company launched CARFAX Homegrown, CARFAX Showroom, automotiveMastermind SMS offers, and CARFAX Germany, which management expects to improve dealer monetization, product adoption, and international expansion.
- Mobility Global announced its first quarterly dividend of $0.06 per share and highlighted opportunities from integrating its five businesses, including shared CARFAX and automotiveMastermind data, AI deployment, and faster expansion into new markets.
Mobility Global Stock Performance
NYSE MBGL traded down $1.03 on Friday, reaching $19.70. The company had a trading volume of 10,921,215 shares, compared to its average volume of 4,522,483. Mobility Global has a fifty-two week low of $17.67 and a fifty-two week high of $26.00.
Mobility Global Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, August 27th.
Wall Street Analyst Weigh In
MBGL has been the subject of several recent analyst reports. Robert W. Baird began coverage on Mobility Global in a research report on Thursday, July 2nd. They set a “neutral” rating and a $23.00 price objective for the company. Wells Fargo & Company dropped their target price on shares of Mobility Global from $27.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday. Wall Street Zen upgraded shares of Mobility Global to a “hold” rating in a research note on Saturday, July 18th. Zacks Research raised shares of Mobility Global to a “hold” rating in a research note on Thursday, July 30th. Finally, Royal Bank Of Canada started coverage on Mobility Global in a report on Thursday, July 2nd. They set a “sector perform” rating and a $23.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Mobility Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.50.
Check Out Our Latest Stock Analysis on MBGL
Mobility Global Company Profile
Mobility Global Inc providing critical data and analytics across the full vehicle lifecycle. Its portfolio of trusted brands and products includes CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan, supporting automotive manufacturers, suppliers, dealer groups, media, financial institutions and consumers. Mobility Global Inc is based in NEW YORK.