Miller Industries (MLR)
Builds the wrecker and car-carrier bodies that distributors mount on third-party truck chassis.
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Manufactures wrecker, car-carrier, and heavy-recovery truck bodies sold through independent distributors to towing operators, dealerships, auto auctions, and government buyers, with production spread across Tennessee, Pennsylvania, France, the United Kingdom, and Italy. The single reportable segment traces to a decades-long strategy of acquiring and preserving legacy regional brands rather than building one unified nameplate.
Built in 1990 by acquiring three troubled legacy U.S. tow-truck brands — Holmes, Century, and Challenger — and rebuilding them under one roof, then extending the same strategy through Vulcan, Chevron, France's Jige, the U.K.'s Boniface, and, most recently, Italy's Omars.
The product line covers light- and heavy-duty wreckers, car carriers, top-end rotating recovery units, and transport trailers, plus hydraulic cylinders from an in-house subsidiary. Bodies mount on chassis built by outside manufacturers and reach buyers — towing operators, dealerships, auto auctions, and government agencies — through independent distributors.
Manufacturing spans Tennessee and Pennsylvania plants alongside sites in France, the United Kingdom, and Italy. Reported as one towing-and-recovery segment, the business ships only as fast as third-party chassis supply allows.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 10, 2026 | DA Davidson | Reiterate | Rating: —Target: $56 | Target: $64 |
| May 11, 2026 | DA Davidson | Reiterate | Rating: —Target: $53 | Target: $56 |
| Mar 9, 2026 | Loop Capital Markets | Target | Target: $46 | Target: $44 |
| Mar 9, 2026 | DA Davidson | Reiterate | Rating: —Target: $82 | Target: $53 |
| Nov 10, 2025 | Loop Capital Markets | Target | Target: — | Target: $46 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $55.6M · Total debt $4.7M · Total assets $609.1M · Shareholders' equity $420.1M
- Revenue
- $240.0M
- Operating income
- $10.8M
- Net income
- $7.3M
HistoryDividendAnnual yield
| Institutions | 93.84% | 10.69M shares | |
|---|---|---|---|
| 149 holders · as of Jun 30, 2026 | |||
| Insiders | 2.51% | 286.5K shares | |
| 13 holders · as of May 26, 2026 | |||
| Other | 3.65% | 415.5K shares | |
| remainder | |||
11.40M company shares as of Sep 11, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
FMR LLCInstitution | 11.65% | 1.33M | as of Jun 30, 2026 |
Neuberger Berman Group LLCInstitution | 9.91% | 1.13M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 9.03% | 1.03M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 6.08% | 692,675 | as of Jun 30, 2026 |
Hotchkis & Wiley Capital Management LLCInstitution | 4.55% | 518,661 | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- Oshkosh
Head-to-head in wreckers, carriers, and rotators via Jerr-Dan.
- Douglas Dynamics
Work-truck upfitter — structural peer, not a towing-equipment maker.
- Federal Signal
Municipal specialty-truck-body maker sharing fleet buyers, not wreckers.
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Miller Industries | $54.37 | −0.05% | $616.2M | 43.6 | 19.9 | 0.8 | +12.1% |
| Oshkosh | $138.04 | +0.04% | $8.85B | 16.4 | 10.5 | 0.8 | +6.7% |
| Douglas Dynamics | $39.89 | 0.00% | $922.5M | 18.1 | 12.4 | 1.3 | +10.5% |
| Federal Signal | $115.69 | −0.03% | $7.03B | 24.8 | 21.4 | 2.9 | +18.7% |
| Median | 18.1 | 12.4 | 1.3 | +10.5% |