Mobility Global is the data brain behind the car business. It sells vehicle history reports (CARFAX), pricing analytics, and marketing tools to automakers, dealers, and lenders, helping them buy, sell, and service cars with better information.
Money comes from subscription-style data and software services tied to the vehicle lifecycle. In 2025, revenue hit USD 1.75B with a 100% gross margin and 8% net margin, meaning it earns roughly USD 0.14B in profit on recurring, high-margin data contracts.
Its CARFAX brand is a near-monopoly in used-car history, giving it durable pricing power and switching costs for dealers and consumers. Competitors like AutoCheck (Experian) and VinAudit exist but lack the same brand trust, so the moat looks solid for now.
Key events, in time order
Following its spinout from S&P Global on July 1, MBGL will join the S&P 600 small-cap index and received initiation coverage from RBC and Baird, both with $23 price targets
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Facts and opinions separated · All items sourced · Not investment advice
