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2026 Jeep Grand Cherokee: Everything We Know

2026 Jeep Grand Cherokee: Everything We Know

Edmunds2 days ago

Modest changes outside
The 2026 Grand Cherokee looks like it's going down a more rugged route when it comes to aesthetics. The front bumper now has three separate intakes instead of two, the headlight clusters are getting a slight rework, and the seven-slot grille has a few tweaks. There are also new wheel designs for the 4xe model our spy photographers captured.
The exterior changes are clearly minimal, and we don't expect much to change under the hood either. The long-standing 293-horsepower 3.6-liter V6 will likely carry over unchanged as the Grand Cherokee's base engine. We can also confirm the return of the 4xe powertrain thanks to the big red kill switch on the dashboard of the Grand Cherokee we spotted. Those switches are typically there in cars with electrified power units so that, in the event something goes wrong, a fire can potentially be prevented.
While we're hoping for major refinements to the 4xe powertrain after our turbulent year with the current version of that plug-in hybrid system, there is a chance Jeep offers gas-only buyers an upgrade. There is a new turbocharged 3.0-liter inline-six engine that Ram and Jeep have both used in various SUVs and trucks, and we wouldn't be surprised if there was either a high-performance Grand Cherokee in the works with the most robust version of this engine. Shoving the high-output version of this engine (which makes 540 hp and 521 lb-ft of torque) might even warrant the return of the much-loved but short-loved Grand Cherokee Trackhawk.

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In this scenario, Meritage Homes' NOPAT would equal $471 million in 2034, or 32% below its TTM NOPAT. If I instead assume: the stock is worth $97/share today – a 45% upside to the current price. In this scenario, Meritage Homes' NOPAT would fall <1% compounded annually through 2034. Should the company's NOPAT grow more in line with historical levels, the stock has even more upside. Furthermore, I think companies with long track records of profit growth deserve premium stock valuations, especially in a market filled with so many underperforming companies. Figure 6 compares Meritage Homes' historical NOPAT to the NOPAT implied in each of the above scenarios. Figure 6: Meritage Homes' Historical and Implied NOPAT: DCF Valuation Scenarios MTH DCF Implied NOPAT

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