Core Viewpoint - J.P. Morgan analyst Christian Carlino maintains a Neutral rating on Holley Inc. due to concerns over growth catalysts and macroeconomic challenges impacting the company [1] Group 1: Financial Performance and Projections - Holley's 2025 guidance indicates a potential achievement of a 20% EBITDA margin, but overall sentiment may be affected by a "softer" top-line outlook [1] - The analyst forecasts first-quarter sales of $144 million, reflecting a 2% organic decline, and total sales for the year at $590 million, down 2% year-over-year, with organic growth projected at 2.5% [4] - Direct-to-consumer sales increased by 8% in the fourth quarter, supported by improved marketing efforts, while sales through national retailers rose by 12% due to expanded SKU offerings [3] Group 2: Market Dynamics and Challenges - Softer revenue projections are likely to influence market sentiment, particularly in the current consumer environment [2] - Holley's market share performance in the fourth quarter was affected by distribution partners reducing safety stock, attributed to the company's enhanced supply chain capabilities [2] - Sales guidance for the year is skewed towards the second half, with initial pressures from consumer confidence and weather conditions impacting the first quarter [4] Group 3: Stock Performance - HLLY shares are currently trading higher by 0.61% at $2.485 [4]