In the first quarter, Harley-Davidson’s operating income fell 37.3% YoY (year-over-year) to $108 million in its Motorcycles and Related Products segment.
Analyst estimates suggest AZO could report positive year-over-year growth in its Q3 2018 earnings and revenues, but its profit margins might disappoint.
In March 2018, Toyota Motor (TM), the largest Japanese automaker, reported a YoY (year-over-year) rise of 3.5% in its North American sales volumes to 223,000 units.
The Bureau of Economic Analysis released the third and final estimate for 4Q17 GDP, indicating that the economy has improved at an annual rate of 2.9%.
AutoZone stock As we discussed in the first part of this series, AutoZone (AZO) was unable to boost investors’ confidence despite reporting earnings and sales growth in 2Q18. In general, the company has a stable business model, with lower investment requirements to drive growth than the auto manufacturing business. In this part, we’ll see what Wall Street analysts expect […]
Valuation multiples are commonly used by investors to compare auto companies. These multiples can be used to compare companies that are similar in size or in nature.
The Conference Board CEO Confidence Index was reported to have increased from 59 in the third quarter to 63 in the fourth quarter, which means 63% of the respondents have a positive outlook.
February WTI crude oil futures contracts rose 0.34% to $64.52 per barrel at 12:05 AM EST on January 16, 2018. It’s the highest level since December 2014.
The Conference Board CEO Confidence Survey is a quarterly report based on a survey that collects responses from approximately 100 CEOs who represent a variety of industries.
Fiat Chrysler stock Last week (ended September 8), Fiat Chrysler stock (FCAU) continued to rise and ended the week with a solid 2.8% gain, marking its fourth week of gains. In the previous week, its stock rose 6.8% despite broader market dullness. Fiat Chrysler stock has risen 54.1% in 3Q17. In 2Q17, FCAU’s Wall Street […]
General Motors’ electric vehicles In the previous part, we looked at analysts’ recommendations for Tesla (TSLA). The company started the initial production of its much-awaited Model 3 in July but delivered them only to Tesla employees. To compete with the Model 3 in the electric vehicle segment, mainstream automaker General Motors (GM) launched its all-electric […]
Toyota Motor’s (TM) vehicle sales in North America stood at 2.8 million units in fiscal 2017 (April 1, 2016, to March 31, 2017), which was similar to sales in the previous fiscal year.
Currently, General Motors’ driverless car testing fleet is the largest in the automotive industry (VCR). General Motors is ahead of its direct US peers.
On January 19, Tesla posted a link to a recent NHTSA report on its blog. It suggests no involvement of Tesla’ Autopilot system in reported road accidents.
On the day of the announcement, Tesla stock rose to a four-month high and closed at $219.53 with 2.9% gains for the session. The optimism didn’t last long.
Nike (NKE) is covered by 34 Wall Street analysts. Among these analysts, 62% recommended a “buy” on the stock, 35% recommended a “hold,” and only 3% recommended a “sell,”
In 2015, GM announced Chevrolet Bolt EV, its first high range all-electric vehicle, whose driving range and the price point are similar to Tesla’s Model 3.
AZO’s forward PE (price-to-earnings) multiple was 17.3x. That’s much lower than ORLY’s and AAP’s forward PE multiples of 23.6x and 22.7x, respectively.
In this series, we’ll look at the November sales figures of mainstream automakers such as Ford, General Motors (GM), Fiat Chrysler (FCAU), and Toyota (TM). We’ll explore what these figures could mean for investors as we enter the 2016 holiday season.
On June 21, Tesla revealed its intentions to acquire SolarCity. On June 22, Tesla’s stock closed at $196.66 with a massive loss of 10.5% during the session.
While Greater China accounted for just 9% of the company’s total shipments, it’s still strategically important for Ferrari due to China’s future growth potential.
Ford worked to redesign its F-650 and F-750 trucks. In August 2015, the company shifted the truck manufacturing to its Ohio assembly plant from Mexico.
On Friday, Tesla settled at $207.45. Despite the company’s two positive announcements earlier this month, the stock is still trading in negative territory.
In 2Q16, Fiat Chrysler began to collaborate with Google (GOOGL) to produce about 100 Chrysler Pacifica hybrids to test Google’s self-driving technology.
We’ll look at the MAE (material adverse effect) clause of the WhiteWave (WWAV) merger agreement and see under which circumstance the buyer (Danone) can walk away from the deal.
In 2008–2009, the auto industry crisis became a nightmare for automakers. That was when Tesla, an auto start-up put its first electric car on the market.
In fiscal 2016, Honda reported strong revenues of ~1.5 trillion Japanese yen, which is 9.6% higher than its revenues of ~1.3 trillion yen in fiscal 2015.
Honda’s sales from Japan have been declining lately due to slowing auto demand in the region. In fiscal 2016, 12% of the company’s total revenues were from its home market, much lower than 19% in fiscal 2012.
Since the launch of its first line in 1992, Skechers has diversified into several new lines, targeting different demographics and different activities.
With increasing environmental awareness across the globe, a delay in Toyota’s ability to deliver mainstream eco-friendly vehicles may restrict its future growth prospects.
According to a report published by Forbes in May 2015, Toyota was the eighth-largest company in the world by revenue. The company is not directly listed in the US, although its ADR is traded on the NYSE.
Toyota (TM) has 53 overseas manufacturing companies in 28 countries and regions. Originally considered a regional auto manufacturer, Toyota has busted this myth by gaining a huge global market share, particularly in the US and Europe.
Ford’s 1Q16 profit margins were higher than GM’s and Fiat Chrysler’s, primarily due to Ford’s dominance in the US pickup truck segment with its legacy F-series trucks.
