Felix Rosenqvist wins the 110th Indianapolis 500, marking HRX's significant milestone in motorsports history.
Quiver AI Summary
HRX, a premium racing apparel and safety gear brand under Holley Performance Brands, announced that driver Felix Rosenqvist won the 110th Indianapolis 500 with a record-breaking finish time, surpassing the previous closest finish by just .0233 seconds. The race also recorded an unprecedented 70 lead changes. This victory is significant for HRX, which was acquired by Holley earlier in 2026, as it enhances the brand's visibility in global motorsports and aligns with Holley's expansion efforts in the Safety & Racing sector. HRX's CEO, Ago Alberghino, expressed pride in being part of such a historic moment in American motorsports.
Potential Positives
- HRX driver Felix Rosenqvist won the prestigious Indianapolis 500, marking a significant achievement for the brand and enhancing its recognition in the motorsports community.
- The race featured the closest finish in history, showcasing HRX's competitive edge in high-stakes racing environments.
- This victory solidifies HRX’s position within Holley Performance Brands' Safety & Racing portfolio and underscores the strategic value of the acquisition.
- The event garnered increased visibility for HRX, potentially driving growth and market expansion in both European and international motorsports markets.
Potential Negatives
- Despite the successful win at the Indianapolis 500, Holley’s ability to execute its business strategy, especially following the recent acquisition of HRX, is uncertain as indicated by the numerous risks mentioned in the forward-looking statements.
- The press release raises concerns about the integration of HRX into Holley’s portfolio and achieving expected synergies, highlighting potential challenges in fully realizing operational efficiencies and growth opportunities.
- The list of forward-looking risks includes maintaining strong demand for products and effectively competing in the market, which could signal potential struggles in sustaining the momentum gained from the recent victory.
FAQ
What was the significant achievement for HRX at the Indianapolis 500?
HRX driver Felix Rosenqvist won the Indianapolis 500, marking the closest finish in race history by .0233 seconds.
When did Holley acquire HRX?
Holley acquired HRX in March 2026 as part of its expansion in the Safety & Racing portfolio.
How many lead changes occurred during the Indianapolis 500?
The race established a new record with 70 lead changes during the Indianapolis 500.
Who is the CEO of HRX?
The CEO and Founder of HRX is Ago Alberghino, who commented on the significance of the victory.
What types of products does HRX specialize in?
HRX specializes in premium racing apparel and safety gear designed for high-performance motorsports participants.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$HLLY Revenue
$HLLY had revenues of $147.3M in Q1 2026. This is a decrease of -3.73% from the same period in the prior year.
You can track HLLY financials on Quiver Quantitative's HLLY stock page.
You can access data on HLLY stock through the Quiver Quantitative API.
$HLLY Hedge Fund Activity
We have seen 78 institutional investors add shares of $HLLY stock to their portfolio, and 71 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ADVISORY RESEARCH INC removed 1,604,195 shares (-83.1%) from their portfolio in Q1 2026, for an estimated $4,924,878
- ROUBAIX CAPITAL, LLC removed 774,304 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $3,197,875
- ALGERT GLOBAL LLC added 635,130 shares (+857.4%) to their portfolio in Q1 2026, for an estimated $1,949,849
- AQR CAPITAL MANAGEMENT LLC added 610,703 shares (+256.5%) to their portfolio in Q1 2026, for an estimated $1,874,858
- QUBE RESEARCH & TECHNOLOGIES LTD added 603,804 shares (+401.7%) to their portfolio in Q1 2026, for an estimated $1,853,678
- VANGUARD GROUP INC added 587,325 shares (+16.0%) to their portfolio in Q4 2025, for an estimated $2,425,652
- MARSHALL WACE, LLP removed 523,782 shares (-40.6%) from their portfolio in Q1 2026, for an estimated $1,608,010
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$HLLY Price Targets
Multiple analysts have issued price targets for $HLLY recently. We have seen 3 analysts offer price targets for $HLLY in the last 6 months, with a median target of $5.0.
Here are some recent targets:
- Michael Albanese from Benchmark set a target price of $4.0 on 05/08/2026
- Brian McNamara from Canaccord Genuity set a target price of $7.0 on 05/07/2026
- Joseph Feldman from Telsey Advisory Group set a target price of $5.0 on 03/05/2026
Full Release
NASHVILLE, Tenn., May 26, 2026 (GLOBE NEWSWIRE) -- HRX, the premium racing apparel and safety gear brand built for performance, protection and modern motorsports style, in the Holley Performance Brands (NYSE: HLLY) portfolio, today announced that HRX driver Felix Rosenqvist won the 110th running of the Indianapolis 500 presented by Gainbridge, delivering the closest finish in race history.
Photo Credit: Meyer Shank Racing / Indianapolis Motor Speedway
Rosenqvist secured victory by .0233 seconds, surpassing the previous record margin set in 1992. The race also established a new Indianapolis 500 record with 70 lead changes.
The win marks a notable milestone for HRX, the Italian motorsports racewear company Holley acquired earlier this year as part of the company’s continued expansion of its Safety & Racing portfolio, which includes Simpson, Stilo, HANS and RaceQuip.
“Winning the Indianapolis 500 is a significant achievement for both Felix and the HRX brand,” said Del Bohman, Vice President, Safety & Racing Division, Holley Performance Brands. “This result highlights HRX’s growing visibility within global motorsports and reinforces the strategic value the brand brings to our Safety & Racing portfolio.”
Holley acquired HRX in March 2026 to expand its racewear capabilities and strengthen the company’s position across European and international motorsports markets.
“This is an important moment for HRX and the teams and drivers who trust our products at the highest levels of racing,” said Ago Alberghino, CEO and Founder of HRX. “For a bespoke Italian racewear brand to be part of such an iconic moment in American motorsports history is incredibly special, and we’re proud to celebrate this achievement alongside Holley Performance Brands.”
Forward-Looking Statements
Certain statements in this press release may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks, uncertainties, and other important factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including but not limited to Holley’s ability to (1) execute our business strategy, including monetization of services provided and expansions in and into existing and new lines or segments of business; (2) grow and manage growth profitably; (3) maintain relationships with customers and suppliers; (4) successfully integrate acquisitions or achieve the expected synergies from such acquisitions, including anticipated growth opportunities and operational efficiencies; (5) successfully design, develop, and market new, effective, and safe products, (6) expand into new markets or segments; (7) compete effectively in our market; (8) maintain and strengthen demand for our products and brands; (9) maintain successful and profitable partnerships; (10) achieve expected returns on investments; (11) predict and respond to customers’ changing preferences; and (12) the other risks and uncertainties set forth in the Annual Report on Form 10-K for the year ended December 31, 2025 filed with the U.S. Securities and Exchange Commission (“SEC”) on March 16, 2026, and in any subsequent filings with the SEC.
About HRX
HRX delivers premium racing apparel and safety gear designed for drivers who expect performance, protection, and modern style. Built for motorsports participants who value technical function and professional presentation, HRX supports racers with gear made for confidence in and around the cockpit.
About Holley Performance Brands
Holley Performance Brands (NYSE: HLLY) is home to a portfolio of iconic brands that serve enthusiasts across the high-performance aftermarket. The company designs, engineers, manufactures and markets category-leading products and solutions for automotive enthusiasts through a focused portfolio spanning four consumer vertical groupings: American Performance, Modern Truck & Off-Road, Euro & Import, and Safety & Racing. For more than a century, Holley has built its reputation through innovation, technical expertise and a deep understanding of enthusiast culture. For more information, visit holley.com.
Media Relations Contact(s):
Nathan Espinosa / Michael Murray
Kahn Media
818-881-5246
[email protected]
Investor Relations Contact(s):
Anthony Rozmus / Jenna Kozlowski
Solebury Strategic Communications
203-428-3324
[email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cc24da9b-f42c-4db6-b469-4bf726e7dcb9
