A Glimpse Into Goldman's Auto Stock Predictions

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 (NYSE: HOG): Sees lower guidance, retail checks suggest sluggish sales
• Dana Holding Corporation (NYSE: DAN): Lower guidance on expected market share losses
• Sonic Automotive Inc (NYSE: SAH): Lower guidance on Takata recall effects
• Cooper-Standard Holdings Inc (NYSE: CPS) and Metaldyne Performance Group Inc (NYSE: MPG): Both seen raising guidance as outlooks are too conservative

Related Link: Fiat Chrysler Less Favorable Following Brexit, Says Barclays

On Earnings

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 (NYSE: GM)
• Delphi Automotive PLC (NYSE: DLPH)
• Metaldyne Performance Group

Additionally, Goldman expects Ford Motor Company (NYSE: F) to mostly achieve its guidance for the year.