Mobility Global Inc. (NYSE: MBGL) stock surged Thursday after the automotive data and analytics company reported better-than-expected third-quarter 2026 results. The quarter was its first full reporting period as an independent public company following its July separation from S&P Global Inc. (SPGI).

The company owns CARFAX, automotiveMastermind, Polk Automotive Solutions and Market Scan. If you have ever bought a used car and stared at a vehicle history report, you have probably touched one of its products.

Earnings Beat Wall Street Estimates

Mobility Global reported adjusted earnings of 40 cents per share, beating analysts' estimate of 38 cents. Revenue climbed 7.4% year over year to $478 million, topping the $475.8 million estimate.

Organic revenue growth accelerated to 7.6% on a constant-currency basis, compared with 7.1% year-to-date growth. Subscription revenue rose 7% to $389 million, while non-subscription revenue increased 7% to $89 million.

Adjusted EBITDA grew 2% to $195 million, representing a 41% margin. However, net income declined 41% to $42 million.

CEO Bill Eager highlighted accelerating growth across both business segments and the company's One Mobility Global integration strategy.

CARFAX Growth Drives Results

CARFAX revenue increased 8% to $313 million, supported by 7% subscription growth and a 9% rise in transactional revenue. Growth in U.S. dealerships and European operations supported performance.

CARFAX expanded its network to more than 100,000 service shops and reached 60 million Car Care consumers. Its database now contains over 40 billion vehicle history records. That is a lot of records, and a lot of data to sell.

Meanwhile, B2B revenue rose 6% to $164 million. Subscription revenue grew 8%, while transactional revenue remained flat. The company also secured a major global automaker as a customer for its B2B Sales Solutions business.

$800 Million Buyback Signals Confidence

In October, Mobility Global authorized an $800 million share repurchase program. The company expects to begin buybacks before year-end and repurchase $350 million to $450 million in shares by the end of 2027.

It also declared a quarterly dividend of 6 cents per share, payable Dec. 14 to shareholders of record Nov. 30.

Mobility Global ended September with $351 million in cash and $1.98 billion in long-term debt.

2026 Forecast Holds Steady

Mobility Global maintained its full-year revenue forecast of $1.870 billion to $1.885 billion, compared with analysts' $1.876 billion estimate. However, it raised the lower end of its adjusted EBITDA forecast to $750 million from $745 million, keeping the upper end at $760 million.

Management expects fourth-quarter margins to hit their lowest level of 2026 due to seasonal spending and standalone operating costs. The company's strategic priorities include expanding AI-powered workflows and integrating operations under One Mobility Global.

MBGL Price Action: Mobility Global shares were up 15.06% at $22.92 at the time of publication on Thursday. The stock is trading at a new 52-week high, according to market data.