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Polaris has announced that it will separate its Indian Motorcycle business into a standalone company and subsequently sell the legendary American brand to the private A new CEOThe press release notes that Kennedy previously served as CEO of the RumbleOn dealership group, CEO and President of Vance & Hines, and held multiple leadership positions at Harley-Davidson over a 26-year career.Live EventsPolaris has faced a challenging year, largely driven by reduced marketing investments amid economic uncertainty, ...

Core Viewpoint - Polaris Inc plans to divest its majority stake in Indian Motorcycle to focus on more profitable growth areas, with the transaction expected to close in Q1 2026 [2][3]. Group 1: Transaction Details - Polaris has entered into a definitive agreement to sell a majority stake in Indian Motorcycle to Carolwood LP, an independent private equity firm [2]. - The separation is projected to increase Polaris' annualized adjusted EBITDA by approximately $50 million and adjusted earnings by about $1 per share [3]. - Polaris will retain a small equity position in Indian Motorcycle post-transaction, with Mike Kennedy appointed as CEO of the new independent entity [4]. Group 2: Financial Performance - Polaris anticipates third-quarter sales to be at the high end of its guidance range of $1.6 billion to $1.8 billion, with adjusted earnings expected between 31 cents and 41 cents per share, significantly higher than previous expectations [5]. - Following the announcement, Polaris shares rose by 12.45% in after-hours trading, reaching $69 [6].

Core Insights - The sale of a heavyweight bike brand is anticipated to enhance Polaris's profits and enable the company to concentrate on its primary off-road vehicle business [1] Summary by Categories Financial Impact - The divestiture is expected to significantly boost Polaris's profitability [1] Strategic Focus - The transaction will allow Polaris to refocus its resources and efforts on its core off-road vehicle segment [1]

Core Insights - Polaris Inc. has announced the separation of Indian Motorcycle into a standalone business, selling a majority stake to Carolwood LP, a private equity firm [1][2] - The transaction is expected to enhance Polaris' adjusted EBITDA by approximately $50 million and adjusted earnings per share by about $1.00, with completion anticipated in Q1 2026 [2] - Polaris aims to focus on areas with the strongest growth potential, while Indian Motorcycle is expected to thrive under Carolwood's ownership [2] Polaris and Indian Motorcycle Separation - The decision to separate Indian Motorcycle allows Polaris to concentrate resources on more profitable growth areas [1] - Indian Motorcycle contributed approximately $478 million, or 7.0%, to Polaris' revenues for the trailing twelve months ending June 30, 2025 [1] - Polaris will maintain a small equity position in Indian Motorcycle post-transaction [2] Leadership Changes - Mike Kennedy has been appointed as the CEO of the new independent Indian Motorcycle organization, bringing over 30 years of experience in the motorcycle industry [3] - Mike Dougherty, Polaris President of On Road and International, will lead the transition until the deal closes and has announced his intent to retire afterward [6][7] Employee and Operational Continuity - Approximately 900 employees will transition to the new Indian Motorcycle Company, retaining key personnel including engineers and designers [5] - Indian Motorcycle will continue to operate independently, providing sales, service, and support through its global dealer network [5] Financial Performance and Future Outlook - Polaris is scheduled to report its Q3 2025 results on October 28, 2025, with preliminary sales expected to be at the high end of the guidance range of $1.6 billion to $1.8 billion [8][9] - Adjusted EPS for Q3 is anticipated to be between $0.31 and $0.41, significantly higher than previous expectations due to strong cost management and operational efficiency [9]

Core Insights - Harley-Davidson's shares have declined approximately 19% over the past year due to weak demand for motorcycles amid a sluggish consumer spending environment [1] Company Performance - The company is facing challenges with lackluster demand for its motorcycles, which is impacting its stock performance negatively [1] Market Context - The broader economic backdrop is characterized by muted consumer spending, which is contributing to the difficulties faced by Harley-Davidson [1]

Core Viewpoint - Harley-Davidson has appointed two new independent directors, Daniel Nova and Matt Reintjes, to its Board of Directors, effective September 15, 2025, to enhance the company's strategic direction and governance [1][2]. Group 1: New Board Appointments - Daniel Nova is a General Partner at Highland Capital Partners and has extensive experience in advising companies through growth and transition, along with a strong background in corporate governance and finance [2][4]. - Matt Reintjes has been the President and CEO of YETI Holdings since 2015, leading the company to become a prominent global outdoor brand, and brings valuable insights from his previous executive roles [4][5]. - The appointments come as part of a broader strategy to strengthen the Board, which has seen four new independent members added in the last three years [6]. Group 2: Board Changes and Leadership - The retirements of directors Sara Levinson and Norman Thomas Linebarger were announced prior to the new appointments, indicating a shift in the Board's composition [5][6]. - Troy Alstead has been appointed as the Presiding Director effective July 30, 2025, and will become Chairman of the Board on October 1, 2025, further indicating leadership changes within the company [6]. Group 3: Company Background - Harley-Davidson, established in 1903, is known for its iconic brand representing freedom and adventure, focusing on motorcycles, accessories, and financial services [7]. - The company aims to maintain its status as the most desirable motorcycle brand globally and has a controlling interest in LiveWire Group, Inc., which focuses on electric motorcycles [7][8].

Core Viewpoint - Harley-Davidson, Inc. (HOG) is showing potential as a stock pick due to a recent "golden cross" event, indicating a bullish trend reversal [1][4]. Technical Analysis - A "golden cross" occurs when a short-term moving average (50-day) crosses above a long-term moving average (200-day), suggesting a potential bullish breakout [2]. - The formation of a golden cross typically follows three stages: a downtrend, the crossover of moving averages, and an upward price movement [3]. Recent Performance - HOG has experienced a rally of 21.1% over the past four weeks, indicating strong momentum [4]. - The current Zacks Rank for HOG is 3 (Hold), suggesting a stable outlook [4]. Earnings Outlook - The earnings outlook for HOG is positive, with no downward revisions in the past two months and four upward revisions, leading to an increase in the Zacks Consensus Estimate [4][5]. - The combination of positive earnings revisions and technical indicators suggests that HOG may continue to see gains in the near future [5].

Core Insights - Ituran Location and Control Ltd. is expanding into the motorcycle market in Brazil through partnerships with Yamaha and BMW Motorrad, marking the beginning of a broader growth strategy in the two-wheeler segment [1][4] - The global motorcycle market is expected to grow from $127 billion in 2025 to over $200 billion by 2032, with significant demand anticipated from Latin America, India, and Southeast Asia [4] Company Strategy - Brazil was selected as the launchpad for this initiative due to its status as the largest market in Latin America and Ituran's strong presence in connected vehicle services [3][4] - The company aims to leverage its existing telematics and recovery services to provide enhanced security and real-time visibility for motorcycle users, addressing the widespread issue of motorcycle theft in Brazil [2][7] Market Position - Ituran has a subscriber base of over 2.5 million globally, with a leading position in connected vehicle services in Israel and Latin America [2][9] - The company has a proven track record in vehicle recovery, boasting an average recovery rate of 85%, which it plans to extend to two-wheel vehicles [6][7] Future Outlook - The CEO of Ituran emphasized that this initiative is not just a product deployment but the start of a larger market opportunity, with plans to scale into other high-growth two-wheeler markets through partnerships with local OEMs and aftermarket sales [4]

[Music] Good afternoon. Good afternoon everybody. >> How many of you rides motorcycles? >> Everybody. >> I I count everybody. So there are some things that I would like to share with you. Uh they are not experienced. there are something that I've seen that I they are something that I've experienced over the time but whenever I try to recall I feel like there are stories some good some bad multiple kinds of uh roads I've seen multiple kinds of bikes I've taken so it is a combination of everything but for tha ...