Construction Partners Inc

ROAD is entrenched in a Stage 4 decline with a clear lower-highs and lower-lows regime under declining EMAs. A short-term bounce into the 9- and 21-day EMAs has stalled below resistance, offering no sell signal yet. Medium-term bias remains bearish; defer sell-side engagement until price is rejected by or rallies into the EMAs, where supply has dominated.

• ↑Q2 revenue $769.2M (+35% YoY), driven by organic and acquisitive expansion
• ↑Record backlog of $3.14B covers 80–85% of expected 2026 revenue
• ↓Debt/EBITDA at 3.23x, above targeted 2.5x, constrains financial flexibility