LCI Industries offers an unusual combination of a perfect four-quarter earnings beat streak and deep valuation discount in an extreme technical oversold setup, with the long-term moving average still rising — setting up a potential cyclical reentry — though heavy OEM segment concentration and elevated short interest cap conviction.
Thesis pillars
- Perfect Earnings Beat Streak→Stable
- Oem Segment Concentration Risk↑Improving
- Deep Valuation Extreme Oversold↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed Feb 26, 2026
LCI Industries (LCII) Stock Analysis
Recovery setup
Consumer Cyclical · Recreational Vehicles
Hold if already holding. Not a fresh buy at $97.59, but acceptable to hold if already in. Reasons: Concentration risk — Product: OEM Segment (77.0%); Analyst target reached - limited upside remaining.
LCI Industries, through Lippert Components, supplies engineered components to the outdoor recreation, transportation, marine, and housing industries from over 100 manufacturing facilities in North America and Europe, generating $4.1 billion in consolidated net sales in 2025. The... Read more
Hold if already holding. Not a fresh buy at $97.59, but acceptable to hold if already in. Reasons: Concentration risk — Product: OEM Segment (77.0%); Analyst target reached - limited upside remaining. Chart setup: Death cross but MACD improving, RSI 78. Under M&A bid. Hold for deal completion or sell if spread < 3%. Score 5.4/10, high confidence.
Passes 5/8 gates (positive momentum, clean insider activity, no SEC red flags, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio and earnings proximity 6d<=7d. Suitability: aggressive.
About LCI Industries
About LCI Industries
LCI Industries generated $4.1 billion in consolidated net sales in 2025, a 10% increase from $3.7 billion in 2024, operating over 100 manufacturing facilities across North America and Europe. The OEM Segment contributed 77% of net sales and 66% of consolidated operating profit, while the Aftermarket Segment contributed 23% of net sales and 34% of operating profit, with Aftermarket net sales totaling $932.4 million. Net income for 2025 was $188.3 million, or $7.57 per diluted share.
Through its Lippert Components subsidiary, LCI Industries supplies chassis, axles, suspension systems, windows, furniture, appliances, hitches, and slide-out mechanisms predominantly to RV OEMs in North America. Sales to RV OEMs totaled $1.9 billion in 2025, representing 61% of OEM Segment net sales, with Thor Industries, Berkshire Hathaway's Forest River, and Winnebago as named leading customers. Berkshire Hathaway (through Forest River and Clayton Homes) accounted for 18% of consolidated net sales; Thor Industries accounted for 15%; together these two customers represented 33%. The Aftermarket Segment's CURT Manufacturing subsidiary contributed roughly half of Aftermarket net sales, selling towing products and truck accessories through retail dealers, wholesale distributors, service centers, and online channels. Steel and aluminum represent approximately 30% and 10% of raw material costs respectively, and roughly 36% of raw materials and components were imported in 2025 — exposing the company to tariff risk that the 10-K flags as heightened by U.S. tariff policy actions ongoing into early 2026, including a new worldwide tariff effective February 24, 2026.
Show full overview
The RV market's inherent cyclicality is the filing's most clearly documented risk: RV purchases are characterized as consumer discretionary, closely tied to credit availability, consumer confidence, and fuel prices. Travel trailer and fifth-wheel RVs — which accounted for approximately 54% of OEM Segment net sales in 2025 — depend on light truck and SUV towing, making that sub-segment doubly sensitive to fuel price shocks. Floor-plan dealer financing is a second transmission channel: contraction in wholesale lending shrinks dealer inventories, reduces OEM production, and correspondingly reduces demand for Lippert's components.
See also: Consumer Cyclical · Recreational Vehicles
From LCI Industries's most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated 2026-10-29Recent Developments — LCI Industries
Latest news
- NEWS LCI (LCII) Earnings Expected to Grow: What to Know Ahead of Next Week's Release - Yahoo Finance — Yahoo Finance positive
- NEWS LCI (LCII) Earnings Expected to Grow: What to Know Ahead of Next Week's Release - finance.yahoo.com — finance.yahoo.com neutral
- NEWS LCI Industries (LCII) Holds Firm Near Support as Modest Gains Signal Potential Stability - Put Spread Alert - thelegalad — thelegaladvocate.com neutral
- NEWS LCI Industries Updates Executive Employment and Severance Terms - The Globe and Mail — The Globe and Mail negative
- NEWS LCI Industries (NYSE:LCII) Shares Down 5.6% - What's Next? - MarketBeat — MarketBeat negative
Generated 2026-10-29T11:08:51Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- LOWCustomerBerkshire Hathaway18%10-K Item 1: 'Berkshire Hathaway Inc. (through its subsidiaries Forest River, Inc. and Clayton Homes, Inc.), a customer of both segments, accounted for 18 percent...of our consolidated net sales'
- LOWCustomerThor Industries15%10-K Item 1: 'Thor Industries, Inc. ("Thor"), a customer of both segments, accounted for 15 percent...of our consolidated net sales for the years ended December 31, 2025'
- HIGHProductOEM Segment77%10-K Item 1: 'In 2025, the OEM Segment contributed 77 percent of our consolidated net sales and 66 percent of our consolidated operating profit.'
- MEDIUMCommoditysteel10-K Item 1A: 'Steel and aluminum represented approximately 30 percent and 10 percent, respectively, of our raw material costs in 2025.'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Rating Breakdown
2 floor-breakers
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Revenue shrinking — -12.5% YoY. Growth thesis broken unless recovery story develops.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $97.59, but acceptable to hold if already in. Reasons: Concentration risk — Product: OEM Segment (77.0%); Analyst target reached - limited upside remaining. Chart setup: Death cross but MACD improving, RSI 78. Under M&A bid. Hold for deal completion or sell if spread < 3%. Analyst target $99.70 (+2.2%), stop $90.76 (−7.5%), A.R:R 0.1:1. Score 5.4/10, high confidence.
Analyst target: $99.70 (+2.2% upside). Analyst target $99.70 (+2.2%), stop $90.76 (−7.5%), A.R:R 0.1:1. Stop-loss: $90.76.
Concentration risk — Product: OEM Segment (77.0%); Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.6).
LCI Industries trades at a P/E of 12.3 (forward 10.7). TrendMatrix value score: 8.2/10. Verdict: Hold.
18 analysts cover LCII with a consensus score of 3.9/5. Average price target: $115.
What does LCI Industries do?LCI Industries, through Lippert Components, supplies engineered components to the outdoor recreation, transportation,...
LCI Industries, through Lippert Components, supplies engineered components to the outdoor recreation, transportation, marine, and housing industries from over 100 manufacturing facilities in North America and Europe, generating $4.1 billion in consolidated net sales in 2025. The OEM segment (77% of net sales) serves RV, marine, transportation, and housing manufacturers; the Aftermarket segment (23%) sells replacement parts through dealers, distributors, and direct-to-consumer channels.