3 Technology Services Stocks Hitting New 52-Week Highs: CCRD, DAVE, MVST

The Zacks Technology Services Industry, ranked in the top 22%, sees CoreCard (CCRD), Dave Inc. (DAVE), and Microvast (MVST) hitting new 52-week highs after strong Q1 earnings. CoreCard, a credit technology provider, exceeded Q1 EPS estimates by 75%, driven by consistent revenue growth. Dave Inc., a financial platform, has surged nearly +150% YTD, with FY25 and FY26 EPS estimates soaring and Q1 EPS beating expectations by 61%. Microvast, a lithium-ion battery solutions provider, posted a surprise Q1 profit of $0.06 per share and record revenue of $116.49 million, up 43% year-over-year.

Analysis

The Zacks Technology Services Industry is exhibiting robust performance, ranking in the top 22% of over 240 Zacks industries, and notably includes 11 stocks with a Zacks Rank #1 (Strong Buy). Within this sector, CoreCard (CCRD), Dave Inc. (DAVE), and Microvast (MVST) have all recently achieved new 52-week highs, driven by impressive Q1 earnings that significantly surpassed expectations and a positive trend in earnings estimate revisions. CoreCard, a credit technology solutions provider, reported Q1 EPS of $0.28, a 75% beat over estimates of $0.16 and a substantial increase from $0.07 in the prior year's quarter; the company has also exceeded Zacks EPS Consensus for six consecutive quarters with an average earnings surprise of 119.22% in its last four reports and has 41% institutional ownership. Dave Inc., a financial platform, has seen its stock surge nearly 150% year-to-date and over 3,900% in the last two years, with its Q1 EPS of $2.48 crushing estimates of $1.54 by 61%; furthermore, FY25 and FY26 EPS estimates for DAVE have increased by over 26% and 31% respectively in the last 60 days, indicating strong future growth expectations. Microvast, a lithium-ion battery solutions provider, posted a surprise Q1 profit of $0.06 per share, against expectations of a $0.02 loss, alongside record Q1 revenue of $116.49 million, which was up 43% year-over-year and beat estimates; the company is projected to achieve profitability this year, supported by its rapid sales growth.

Key Decisions for Investors

• Given the strong quarterly performance and positive earnings estimate revisions, investors could consider these stocks for potential further upside, particularly CoreCard, Dave Inc., and Microvast, which are also highlighted as viable buy-the-dip candidates.
• Monitor upcoming earnings reports and management guidance for these companies to ensure the growth trajectory and profitability improvements, such as Microvast's path to full-year profitability, are sustained.
• Pay attention to continued institutional investor interest, particularly in CoreCard, and the realization of high-double-digit top and bottom-line expansion projected for Dave Inc. in fiscal 2025 and 2026, as these factors could further validate their growth narratives and impact valuations.