Here’s What Makes XPEL an Attractive Investment

Investment management company LVS Advisory, a New York City-based full-service investment firm, recently released its third-quarter 2022 investor letter. A copy of the same can be downloaded here. The defensive portfolio of the fund gained 2.9% in the quarter. Year-to-date, the portfolio gained 3.3% compared to an 18.5% decline for the Barclays High-Yield Bond Index. In comparison, the Growth Portfolio was down 5.5%. The portfolio underperformed the S&P 500 Index in 2022 and declined 36.4% year to date. For more information on the fund’s top picks in 2022, please check its top five holdings.

LVS Advisory highlighted stocks like XPEL, Inc. (NASDAQ:XPEL) in the Q3 2022 investor letter. Headquartered in San Antonio, Texas, XPEL, Inc. (NASDAQ:XPEL) engages in the business of aftermarket automotive products, including protective films and coatings. On November 10, 2022, XPEL, Inc. (NASDAQ:XPEL) stock closed at $64.96 per share. One-month return of XPEL, Inc. (NASDAQ:XPEL) was 6.72% and its shares lost 8.22% of their value over the last 52 weeks. XPEL, Inc. (NASDAQ:XPEL) has a market capitalization of $1.794 billion.

LVS Advisory made the following comment about XPEL, Inc. (NASDAQ:XPEL) in its Q3 2022 investor letter:

“XPEL, Inc. (NASDAQ:XPEL) primarily sells paint protection film which is a coating that protects the paint job on cars. This is a high margin specialty chemical product that is rapidly growing in adoption globally. The company has successfully expanded its product line from paint protection film to window tint with an opportunity to sell additional auto accessories down the road. The business is run by an incredible entrepreneur who navigated the business from the brink of bankruptcy 10 years ago and generated incredible returns for investors in the public markets. We purchased the stock during Q2 when the stock price was depressed due to the shortage of new car production. I see an attractive long-term opportunity for the company to continue growing its distribution of paint protection film and expand into more product adjacencies.”

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XPEL, Inc. (NASDAQ:XPEL) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 10 hedge fund portfolios held XPEL, Inc. (NASDAQ:XPEL)  at the end of the second quarter, which was 13 in the previous quarter.

We discussed XPEL, Inc. (NASDAQ:XPEL) in another article and shared Bonsai Partners’ views on the company. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.