Goldman Sachs outlined its preview of the second quarter for auto stocks. Below is a summary of some of their notable calls.
Goldman On Guidance
Goldman expects the following changes to guidance:
- Harley-Davidson Inc HOG: Sees lower guidance, retail checks suggest sluggish sales
- Dana Holding Corporation DAN: Lower guidance on expected market share losses
- Sonic Automotive Inc SAH: Lower guidance on Takata recall effects
- Cooper-Standard Holdings Inc CPS and Metaldyne Performance Group Inc MPG: Both seen raising guidance as outlooks are too conservative
Goldman analysts expect consensus beating results from the following due to solid production and expected strength in North American and European auto sales:
- General Motors Company GM
- Delphi Automotive PLC DLPH
- Metaldyne Performance Group
Additionally, Goldman expects Ford Motor Company F to mostly achieve its guidance for the year.
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