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auto-tires-trucks: Archive

Zacks Equity Research

Tesla (TSLA) to Upgrade Giga Shanghai to Bolster Capacity

Tesla (TSLA) set for a massive ramp up of Gigafactory Shanghai. The upgrades to Model Y and Model 3 seek to scale up capacity to more than 21,000 EVs weekly, making the unit the largest vehicle export hub.

GPCPositive Net Change SMPPositive Net Change TSLANegative Net Change WNCPositive Net Change

Rimmi Singhi

Auto Roundup: WGO and KMX's Quarterly Earnings Beat, TM's Output Cut and More

Winnebago (WGO) and CarMax's (KMX) earnings top estimates. But while WGO's profits soar y/y, KMX's earnings fall. Meanwhile, Toyota (TM) cuts July production targets amid a supply chain crisis.

TMPositive Net Change GMPositive Net Change KMXNegative Net Change WGOPositive Net Change MGDDYNegative Net Change

Maharathi Basu

5 Stocks to Seek Refuge in Amid Current Market Bloodbath

For significant returns, investors should keep broker-friendly stocks like American Airlines (AAL), PBF Energy (PBF), McKesson Corporation (MCK), Commercial Metals (CMC) and American Axle (AXL) on their radar.

MCKPositive Net Change AXLPositive Net Change CMCPositive Net Change AALPositive Net Change PBFPositive Net Change

Zacks Equity Research

BMW AG (BAMXF) Announces Ambitious EV Plans in China, Austria

The BMW AG Group (BMW) is set to achieve EV targets in China and Austria. With an investment of $2.24B, the China plant will bolster EV capacity. BMW will also invest $1B in electric powertrain in Austria.

TSLANegative Net Change WNCPositive Net Change FOXFNegative Net Change BAMXFPositive Net Change

Zacks Equity Research

CarMax (KMX) Q1 Earnings Beat on Wholesale Unit Strength

While CarMax's (KMX) fiscal Q1 earnings top estimates, revenues miss the mark. On a year-over-year basis, the top line increases 21%, while the bottom line contracts 40.7%.

ORLYNegative Net Change AZONegative Net Change KMXNegative Net Change

Zacks Equity Research

Do Options Traders Know Something About Goodyear (GT) Stock We Don't?

Investors need to pay close attention to Goodyear (GT) stock based on the movements in the options market lately.

GTPositive Net Change

Zacks Equity Research

The Zacks Analyst Blog Highlights Tesla, Broadcom, Anthem, Oracle and Danaher

Tesla, Broadcom, Anthem, Oracle and Danaher have been included in this Analyst Blog.

DHRPositive Net Change ORCLNegative Net Change AVGONegative Net Change TSLANegative Net Change ANTMPositive Net Change

Derek Lewis

Bear of the Day: CarMax (KMX)

Analysts have been rapidly lowering their earnings outlook over the last 60 days with nearly a 100% revision agreement across the board.

KMXNegative Net Change

Zacks Equity Research

Ambarella (AMBA) Offers Inceptio Technology Two CVflow SoCs

Ambarella (AMBA) inks a deal to provide two of its CVflowSoCs, CV2FS and CV2AQ, to Inceptio Technology for advanced image processing in its automotive-grade central computing platform.

ADIPositive Net Change BIDUPositive Net Change ACLSPositive Net Change AMBAPositive Net Change

Sheraz Mian

Top Stock Reports for Tesla, Broadcom & Anthem

Today's Research Daily features new research reports on 16 major stocks, including Tesla, Inc. (TSLA), Broadcom Inc. (AVGO), and Anthem, Inc. (ANTM).

GILDPositive Net Change DHRPositive Net Change ORCLNegative Net Change AVGONegative Net Change TSLANegative Net Change ANTMPositive Net Change

Zacks Equity Research

Toyota (TM) Cuts July Output Target, Collaborates With Redwood

Supply chain snafus force Toyota (TM) to trim its worldwide output target by 50,000 vehicles for the next month. In separate news, the auto giant teams up with Redwood for EV battery recycling.

TMPositive Net Change PAGPositive Net Change GPIPositive Net Change LADPositive Net Change

Zacks Equity Research

Ford's (F) Valencia Unit to Enhance EV Efforts in Europe

Ford (F) spearheads the electrification drive in Europe with the newly selected Valencia plant in Spain and its ongoing investment of $2 billion in Cologne, Germany.

FPositive Net Change SMPPositive Net Change WNCPositive Net Change FOXFNegative Net Change

Zacks Equity Research

Winnebago (WGO) Up More Than 5% on Big Q3 Earnings Beat

Winnebago (WGO) manages to deliver a comprehensive Q3 beat. Its revenues and profits also rise y/y. Shares pop up 5.7% on solid results.

THONegative Net Change WGOPositive Net Change REVGNegative Net Change

Zacks Equity Research

Tesla (TSLA) to Cut 10% Salaried Jobs, Raise Hourly Staffing

Tesla (TSLA) to lay off 10% of its salaried workforce. It will add to its hourly headcount instead, as its expansion has been beyond the requirement.

SMPPositive Net Change TSLANegative Net Change WNCPositive Net Change FOXFNegative Net Change

Zacks Equity Research

General Motors' (GM) BrightDrop Supplies 150 E-Vans to FedEx

General Motors' (GM) tech startup BrightDrop delivers the first e-delivery vehicles to FedEx. GM will suspend production of its Hummer EV unit in Michigan for four weeks due to re-modeling work.

GMPositive Net Change SMPPositive Net Change WNCPositive Net Change FOXFNegative Net Change

Zacks Equity Research

Autoliv (ALV) Pops More Than 9% in Tuesday's Trading: Know Why

Despite industry headwinds, Autoliv (ALV) reaffirms its guidance for organic sales growth in the band of 12-17%.

ALVPositive Net Change PAGPositive Net Change GPIPositive Net Change LADPositive Net Change

Bryan Hayes

Bull of the Day: Penske Automotive Group, Inc. (PAG)

PAG hit an all-time high in price earlier this month, all while most stocks hover in bear market territory.

PAGPositive Net Change

Zacks Equity Research

Michelin (MGDDY) & Hyundai Ink Deal for Sustainable EV Tires

Michelin (MGDDY) extends its partnership with Hyundai to produce premium eco-friendly tires for the latter's EVs.

SMPPositive Net Change WNCPositive Net Change FOXFNegative Net Change MGDDYNegative Net Change

Rimmi Singhi

Auto Roundup: F's Spate of Recalls & RACE's Ambitious Targets Take Center Stage

While Ford (F) issues three separate recalls over different issues, Ferrari (RACE) lays down an ambitious 2022-2026 strategic plan.

FPositive Net Change TMPositive Net Change GMPositive Net Change RACENegative Net Change STLAPositive Net Change

Zacks Equity Research

General Motors (GM) Increases High-End Hummer EV's Price

General Motors (GM) raises Hummer EV's price, which already has a high price value, in the face of severe cost inflation in raw material, parts and technology and logistics.

GMPositive Net Change SMPPositive Net Change WNCPositive Net Change FOXFNegative Net Change

Zacks Equity Research

NIO Introduces Premium EV ES7 in China as its Fastest SUV

NIO unveils its fastest SUV, ES7, in China. The vehicle comes with ultra-modern features and seeks to provide a path-breaking experience.

SMPPositive Net Change WNCPositive Net Change FOXFNegative Net Change NIOPositive Net Change

Zacks Equity Research

Wall Street Closes Worst Week In Two Years

Wall Street Closes Worst Week In Two Years.

JPMPositive Net Change TPositive Net Change NVDANegative Net Change ADMNegative Net Change TSLANegative Net Change

Zacks Equity Research

Will Winnebago's (WGO) Q3 Earnings Pull Off a Surprise?

The Zacks Consensus Estimate for Winnebago's (WGO) third-quarter fiscal 2022 earnings per share and revenues is pegged at $3.01 and $1.2 billion, respectively.

THONegative Net Change WGOPositive Net Change REVGNegative Net Change

Kevin Cook

Bear of the Day: Ferrari (RACE)

Analysts keep dialing back estimates for this luxury & performance brand as global growth concerns mount

RACENegative Net Change

Zacks Equity Research

Tesla (TSLA) Hikes Prices of EVs Again, Model X Up by $6,000

Tesla (TSLA) issues price increases once again on the back of growing inflation and supply chain roadblocks. The price of its Model X goes up as much as $6,000.

TSLANegative Net Change WNCPositive Net Change FOXFNegative Net Change RIVNPositive Net Change