Is Boyd Gaming (BYD) Outperforming Other Consumer Discretionary Stocks This Year?

BYD reported record August sales of 440,293 new-energy vehicles, up 18% YoY, driven by a 134% surge in overseas sales. Domestic sales fell 14%. Battery-electric vehicles accounted for 59% of passenger sales. BYD aims to sell 2.5M vehicles overseas in 2027, up from 1.9M-2M targeted for 2026. Investors reacted cautiously to mixed domestic and export trends.

Boyd Gaming Corp's stock hit a 52-week low of $74.74, down 10.01% over the past year. Despite a P/E ratio of 3.23 and being listed as undervalued, the company faces market pressures. Q2 earnings beat estimates with adjusted EPS of $1.93, but revenue of $1.03B missed forecasts. Mizuho raised its price target to $104, while Stifel set a $92 target with a Hold rating.

BYD plans to build four factories in Europe, including three vehicle assembly plants and one battery factory, to boost EV production and comply with local regulations. The company aims to meet rising demand and adhere to EU rules, with discussions ongoing in France, Spain, and Italy. BYD's stock is trading at $75.60, undervalued by 17.4% according to its GF Value™ of $91.55, with a GF Score™ of 89/100. Insider activity shows significant selling.

BYD unveiled its ETT 44 electric semi-truck in Europe, boasting up to 373 miles of range and 1.5 MW charging power, outpacing Tesla's Semi in these areas. BYD plans to launch the truck in Europe next year and eventually manufacture locally. The ETT 44 supports a 44-tonne gross weight and offers a 10-year battery warranty.

BYD unveiled the ETT 44, a 44-ton electric semi-truck with a range of up to 373 miles and 20-minute charging capability. The truck features a 10-year battery warranty and achieved a 5-star Euro NCAP safety rating. BYD plans to manufacture the truck in Europe, with first customer deliveries expected in Q2 2027. The company offers a comprehensive package including chargers, storage, and financing.

BYD launched the Formula S EV sedan and GT under its Fang Cheng Bao sub-brand, priced from $28,000 to $35,000. The vehicles, featuring Blade Batteries and Flash Charging, compete with Tesla Model 3 and Xiaomi SU7. The Formula S sedan offers up to 559 miles of range, while the GT provides up to 523 miles. Both models include advanced driver-assistance and premium interior features.