Stock of the Day - April 3, 2024

BRP (DOOO)

$60.85

+$0.79 (+1.3%)

Market Cap: $4.45B

About BRP

BRP Inc., together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in the United States, Canada, Europe, the Asia Pacific, Mexico, Austria, and internationally.

The Powersports segment offers year-round products, such as Can-Am all-terrain vehicles, side-by-side vehicles, and three-wheeled vehicles; and seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo personal watercrafts and pontoons, Rotax engines for karts and recreational aircraft, and Pinion gearboxes with smart shift systems. The Marine segment provides Alumacraft, Manitou, Quintrex, Stacer, and Yellowfin boats; Rotax engines for jet boats; and Rotax S outboard engine. The company was formerly known as J.A. Bombardier (J.A.B.) Inc. and changed its name to BRP Inc. in April 2013. BRP Inc. was founded in 1937 and is headquartered in Valcourt, Canada.

Today's Trend

BRP Inc. (NASDAQ:DOOO) is trading higher after a strong Q3 report and multiple shareholder-friendly moves. Key drivers: an earnings beat, raised FY2026 guidance, a renewed buyback program and several analyst upgrades — all supporting upside while short-term volatility around a gap-up and the upcoming ex-dividend date could create pullbacks.

Q3 beat — BRP reported EPS $1.15 vs. $0.88 expected and revenue of $1.61B (+14% y/y), citing market-share gains and strong ORV deliveries, which underpins the rally. BRP Inc (DOOO) Q3 2026 Earnings Call Highlights
Raised FY26 guidance — management set EPS guidance at C$3.60 (vs. consensus ~3.28) and revenue guidance around C$6.0B, lifting investor expectations for FY performance. BRP (NASDAQ:DOOO) Issues FY 2026 Earnings Guidance
Buyback renewed — BRP renewed its NCIB to repurchase up to ~3.13M shares (~10% of public float), signaling capital-return priority and potential EPS accretion. BRP Announces the Renewal of its Normal Course Issuer Bid
Analyst upgrades/targets — RBC lifted its price target to $131 (outperform) and other firms (TD, National Bank) raised targets/ratings, increasing upside expectations. DOOO: BRP Inc price target raised by C at RBC Capital
Dividend declared — BRP announced a quarterly dividend of C$0.215 (annualized yield ~1.1%) with record date Dec 31; modest yield but reflects shareholder returns. BRP Inc. Announces Quarterly Dividend of C$0.22
Consensus and coverage — broker consensus sits around "Moderate Buy" and several upgrades raise analyst conviction, but broader macro/seasonality still matter. BRP Inc. Receives Consensus Rating of Moderate Buy
Short-term volatility risk — coverage pieces note a gap-up and question if it's “time to buy,” implying profit-taking or pullback risk after the run. Traders should watch the upcoming ex-dividend date and volume for signs of a short-term top. BRP Shares Gap Up - Time to Buy?

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