Short interest for Volkswagen gives investors a sense of the degree to which investors are betting on the decline of Volkswagen's stock. Short interest data is updated every two weeks.

Volkswagen Stock (OTC:VWAGY), Short Interest Report

Volkswagen is one of the world's largest automotive manufacturers. Its passenger car brands include Volkswagen, Audi, Bentley, Lamborghini, Porsche, SEAT, and Skoda. Commercial vehicle brands include MAN, Navistar, Scania, and Volkswagen. The company's financial services group provides dealer financing to support floor plans, consumer financing for vehicle purchases, vehicle leasing, banking, and other financial services. In 2022, Europe was Volkswagen's largest light vehicle market at 41% of total volume, followed by China at 37%, and rest of world at 22%.

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Penny Stocks

Markets

Tech

STLA

TSLA

VWAGY

WKSP

After the EV king, Tesla Inc (NASDAQ: TSLA) reported its biggest revenue drop since 2012, along with a sinking profit, Stellantis N.V.

Stellantis And Volkswagen Are Off To A Slow Start

Mobileye_autonomous_shuttle_i-Cristal_by_Lohr_Group_&_Transdev_ATS

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Short Ideas

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Analyst Ratings

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MBLY

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XIACF

Mobileye Global reported a 48% year-on-year decline in revenues for the first quarter.

Mobileye Global Hit By Surprise EV Slowdown; This Analyst Turns Bearish

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General

XPEV

As the European Commission investigates Chinese EVs, XPeng weighs overseas production options amidst regulatory adjustments. Brian Gu, co-president of Volkswagen-backed XPeng, reports potential shifts in strategy amid evolving regulations. With eyes on a 10% international sales boost, XPeng targets US market entry despite challenges.

XPeng Fears Tariff Hike In Europe, Reportedly Considers Investing Abroad

Volkswagen AG

Cantor Fitzgerald analyst C J Muse maintains Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) with a Overweight and lowers the price target from $190 to $170.

Cantor Fitzgerald Maintains Overweight on Advanced Micro Devices, Lowers Price Target to $170

Market Summary

AMZN

Benzinga Opening Bell Update: CVS Falls 18% On Earnings Miss, Semis Drop Following Multiple Earnings In The Sector While Amazon Gains; Market Awaits Fed Decision

WIIM

IDXX

IDEXX Laboratories shares are trading lower after the company reported mixed Q1 financial results and issued FY24 EPS guidance below estimates.

William Blair analyst Margaret Kaczor downgrades CVRx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVRX#NASDAQ">CVRX</a>) from Outperform to Market Perform.

CVRX

William Blair Downgrades CVRx to Market Perform

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UnitedHealth Paid $22M Ransom After Hack, CEO Witty Tells Senate Committee

UTHR

United Therapeutics shares are trading higher after the company reported better-than-expected Q1 financial results.

Extra Space Storage shares are trading higher after the company reported mixed Q1 financial results and issued guidance.

Wedbush analyst Moshe Katri reiterates ExlService Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXLS#NASDAQ">EXLS</a>) with a Neutral and maintains $34 price target.

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Wedbush Reiterates Neutral on ExlService Holdings, Maintains $34 Price Target

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Norwegian Cruise Line Holdings Exec Says Demand For Cruise Vacations Continues To Be At All-time High; Co Is Seeing Record Book Position And Record Advanced Ticket Sales

Pseudonymous crypto trader "apatheticwhale" shared his thoughts on the success of Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) and the importance of intellectual property (IP) in the <a href="https://www.benzinga.com/topic/meme-coins">meme coin space</a>.
What Happened: The trader highlighted how Shiba Inu&#8217;s unique approach to creating its character, lore and mission differentiated it from other meme coins that simply repurposed existing memes.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24shib&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$shib</a> didn&#39;t steal an internet meme, make a token, and try to brand that token as the official token of that meme within crypto. what drew me into <a href="https://twitter.com/search?q=%24shib&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$shib</a> after it launched was that ryoshi created a new character with its own lore and mission. the original ryoshi blog posts were…
&mdash; mememillions (@apatheticwhale) <a href="https://twitter.com/apatheticwhale/status/1785459976435314843?ref_src=twsrc%5Etfw">May 1, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Apatheticwhale praised Shiba Inu&#8217;s creator, Ryoshi, for not simply stealing an internet meme, and branding a token around it. &#8220;What drew me into Shib after it launched was that Ryoshi created a new character with its own lore and mission,&#8221; the trader explained.
The original blog posts by Ryoshi were particularly compelling, according to the trader, as they established Shiba Inu as the "Doge Killer" with a mission to conquer Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>). This unique narrative and purpose resonated with the trader, who tends to be "more interested in projects that create their own world, give people a mission to believe in, and create their own unique content."
The trader also commented on the recent success of other meme coins, such as Dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>) and Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>), which have adopted the strategy of repurposing older memes and branding them as the official token of the meme to attract mainstream attention.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38428112/only-dogecoin-and-shiba-inu-have-crossed-the-10b-meme-coin-mark-who-will-be-the-third-muse">Only Dogecoin And Shiba Inu Have Crossed The $10B Meme Coin Mark: &#8216;Who Will Be The Third?,&#8217; Muses Crypto Whale</a>
Why It Matters: Apatheticwhale emphasized the importance of IP in the rapidly evolving meme coin space. He adds that with the &#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38479551/is-the-memecoin-supercycle-over-mad-crypto-alpha-with-ivan">memecoin supercycle</a>&#8221; approaching, the market is likely to face challenges related to IP owners reacting to crypto projects that have used their IP without permission.
This raises important questions about the sustainability and legal implications of building projects around existing memes.
Price Action: At the time of writing, SHIB was trading at $0.00002115, down 27% over the past 30 days. DOGE was trading at $0.1239, down 40.7% over the past 30 days.
What&#8217;s Next: The influence of meme coins and <a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a> is expected to be thoroughly explored at Benzinga&#8217;s upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on Nov. 19.
Read Next:  <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38437556/dogecoin-killer-shiba-inu-burn-rate-spikes-2-092-robinhood-adds-shib-trading-for-new-york-">&#8216;Dogecoin Killer&#8217; Shiba Inu Burn Rate Spikes 2,092%, Robinhood Adds SHIB Trading For New York Residents</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$DOGE

$PEPE

$SHIB

$WIF

How Did Shiba Inu Become The 'Dogecoin Killer?' Crypto Whale Thinks 'Its Mission' And This One Factor Were Key

Cencora shares are trading lower after the company reported mixed Q2 financial results.

The high-profile insider trading trial linked to Trump Media &amp; Technology Group Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) began in New York this Tuesday. The defendant is charged with unlawful trading in the shares of a shell company before its merger with Trump Media was announced.
What Happened: The federal criminal trial is against Bruce Garelick who is accused of insider trading, CNBC <a href="https://www.cnbc.com/2024/05/01/trump-media-insider-trading-trial-begins-in-new-york-.html">reported</a>. The first witness in the case was Andy Litinsky, a co-founder of Trump Media. Litinsky is also embroiled in complex civil litigation against former president Donald Trump over share ownership in Trump&#8217;s social media company.
It is alleged that Garelick shared non-public material information about the merger plans by the shell company, Digital World Acquisition Corp., with his boss, Florida venture capitalist Michael Shvartsman and Gerald Shvartsman, in 2021. All three men were accused of buying up DWAC stock ahead of the merger announcement based on non-public information, then selling the shares after the price soared on the heels of an announcement of the deal with Trump in October 2021.
However, Garelick&#8217;s lawyer Jonathan Bach maintains his client&#8217;s innocence, stating that Garelick did not engage in insider trading or commit any crime. He also argued that Garelick followed the rules and did not share any information about what he learned as a board member at DWAC.
See Also: <a href="https://www.benzinga.com/news/24/04/38480373/musk-vs-moskovitz-rages-on-as-tesla-ceo-trolls-facebook-co-founders-company-why-would-anyone-pay-mon?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Musk Vs. Moskovitz Rages On As Tesla CEO Trolls Facebook Co-Founder&#8217;s Company: &#8216;Why Would Anyone Pay Money For Functionality That Comes For Free On Your Phone?&#8217;</a>
Assistant U.S. Attorney Matthew Shahabian then called Litinsky to the witness stand. In his testimony, Litinsky detailed the events that led up to Trump Media&#8217;s merger agreement with DWAC. He also revealed how capricious and demanding Trump could be in the months leading up to the agreement.
Despite the ongoing trial, the defense attorney sought to draw a distinction between Garelick, who lived and worked remotely in Providence, Rhode Island, in 2021 and Michael Shvartsman, who lived and worked in the Miami area. Bach argued that Garelick &#8220;acted in good faith at all times.&#8221;
Why It Matters: The Shvartsman brothers <a href="https://www.benzinga.com/news/24/04/38083294/brothers-illegally-profited-from-trumps-media-company-using-insider-information-attorney-warns-this">admitted to their involvement</a> in a $22 million insider trading scheme linked to Trump Media &amp; Technology Group. The brothers pleaded guilty to a single count of securities fraud in federal court.
Furthermore, Trump Media has been embroiled in a<a href="https://www.benzinga.com/general/politics/24/04/38173943/trumps-public-media-company-has-6-month-share-lockup-and-its-co-founders-are-suing-so-they-can-s"> legal dispute with its co-founders</a> over the valuation of their stake in the company and dilution. The co-founders are challenging the timing to wait to sell company shares.
Price Action: On Tuesday, DJT closed at $49.93, marking a 6.94% increase since its previous close, according to <a href="https://pro.benzinga.com">Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/news/24/04/38539108/trump-says-if-supreme-court-decides-president-doesnt-get-immunity-then-biden-will-be-prosecuted-for?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Says If Supreme Court Decides President Doesn&#8217;t Get Immunity Then Biden &#8216;Will Be Prosecuted For All His Crimes&#8217;</a>
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Politics

High-Profile Insider Trading Trial Tied To Trump Media & Technology Group Kicks Off In New York

Mizuho analyst Christopher Parkinson maintains Air Products &amp; Chemicals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APD#NYSE">APD</a>) with a Buy and lowers the price target from $295 to $286.

Mizuho Maintains Buy on Air Products & Chemicals, Lowers Price Target to $286

Johnson Controls shares are trading lower after the company reported mixed Q2 financial results.

Estee Lauder CFO Says Impact From Business Disruptions In Israel And Other Parts Of Middle East Was $0.01 Dilutive To EPS In Q3

VRSK

Verisk Analytics shares are trading higher after the company reported better-than-expected Q1 financial results.

Mizuho analyst Vijay Rakesh maintains Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) with a Buy and lowers the price target from $235 to $215.

Mizuho Maintains Buy on Advanced Micro Devices, Lowers Price Target to $215

ENTG

Entegris shares are trading lower after the company issued weak Q2 guidance.

Republic Services shares are trading lower following mixed Q1 earnings.

Wedbush analyst Michael Pachter reiterates Turtle Beach (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HEAR#NASDAQ">HEAR</a>) with a Outperform and maintains $19 price target.

HEAR

Wedbush Reiterates Outperform on Turtle Beach, Maintains $19 Price Target

Volkswagen workers vote to unionize in historic win for UAW

Adient to cut European workforce, move jobs to countries with cheaper labor

Tesla: Growing Challenges Amid Disappointing Earnings

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
For multiple reasons, the outlook of luxury electric vehicle maker Lucid Motors (NASDAQ:<a href="https://investorplace.com/stock-quotes/lcid-stock-quote/">LCID</a>) has greatly improved in recent months. First, there&rsquo;s a great deal to like about its upcoming Gravity SUV, including its fairly unique seven seats and overall appearance. Meanwhile, Lucid should benefit from Tesla&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>) multiple problems, while the valuation of Lucid stock has become much less demanding after the shares tumbled over the last year. Finally, I believe that the media is becoming more excited about the automaker and its EVs, boding well for its financial results over the longer term.



However, the valuation of the shares remains high, and the automaker still has to successfully produce, launch and market the Gravity in order to show that it can ultimately survive and thrive. 



Given these points, I continue to recommend that investors sell LCID shares until the automaker&rsquo;s outlook becomes more certain.



<h2>The Promising Gravity SUV</h2>



Unlike many SUVs, some of the Gravity EVs that Lucid will make <a href="https://www.caranddriver.com/reviews/a46694299/2025-lucid-gravity-protoype-drive/">will include three </a>rows, enabling it to comfortably transport seven adults. Meanwhile, Car and Driver, which drove a prototype of the SUV, praised its roominess, its relatively smooth ride, and its design. 



The EV, due to go on sale by the end of this year, also boasts an 8 cubic foot &ldquo;frunk&rdquo; &mdash; cargo space in the front &mdash; <a href="https://electrek.co/2024/01/25/up-close-look-gravity-suv-lucid-motors-svp-design-brand-derek-jenkins/">along with</a> a sizeable trunk. Also importantly, the Gravity <a href="https://lucidmotors.com/gravity">is expected to have</a> a high range of 440 miles, along with more than 800 horsepower. Lucid says it will be able to accelerate from 0 to 60 miles per hour in less than 3.5 seconds. The outside of the EV appears to be attractive and well-designed, while its interior is also easy on the eyes.



Finally, the Gravity&rsquo;s <a href="https://www.kbb.com/lucid/gravity/">starting price is expected</a> to be below $80,00, putting it on par with Tesla&rsquo;s Model X and Rivian&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/rivn-stock-quote/">RIVN</a>) R1S and making it roughly $20,000 cheaper than Mercedes&rsquo; EQ SUV.



As a result, the EV is competitive on price, unlike its current offering, the Lucid Air sedan, which starts at $70,000, making it much more expensive than Tesla&rsquo;s Model 3 and Volkswagen&rsquo;s (OTCMKTS:<a href="https://investorplace.com/stock-quotes/vwagy-stock-quote/">VWAGY</a>) <a href="https://www.caranddriver.com/volkswagen/id4">ID.4</a>.



Given the high popularity of SUVs in America, the Gravity&rsquo;s exceptional roominess and its price competitiveness, I believe that it will be much more popular than the Lucid Air.



<h2>Tesla&rsquo;s Issues and Lucid&rsquo;s Lower Valuation</h2>



Tesla&rsquo;s recent problems, such as issues with the <a href="https://investorplace.com/2024/04/tsla-stock-hits-another-pothole-with-cybertruck-recall/">Cybertruck&rsquo;s accelerator pedals</a>, have received a tremendous amount of coverage. Moreover, Tesla&rsquo;s declining sales and its price cuts have been covered quite closely.



In light of the large amount of negative coverage that Tesla is getting, along with CEO Elon Musk&rsquo;s controversial views, I expect the market share of all of its EVs to decline going forward. Those downturns should create opportunities for Lucid to attract more buyers. 



On the valuation front, LCID stock <a href="https://www.marketwatch.com/investing/stock/lcid?mod=search_symbol">has retreated</a> 42% so far in 2024 and 65% over the last year, making its market capitalization much smaller than previously and causing its valuation to be less steep.



However, the shares are still changing hands at a rather high enterprise value to revenue ratio of 7.1 times.



<h2>Increased Buzz and the Bottom Line on Lucid Stock</h2>



Media outlets appear to be significantly more excited about Lucid&rsquo;s outlook now than they have been for the past few years. 



In addition to generally being upbeat about the Gravity, for example, Newsweek <a href="https://www.newsweek.com/electric-car-makers-need-keep-momentum-while-they-wait-whats-next-1891834">recently identified</a> Lucid, along with Rivian, as the two EV startups that had managed to perform well enough in order to move on to working on new, promising EVs. What&rsquo;s more, the publication praised the 516-mile range of the Grand Touring version of the Lucid Air, an achievement that Lucid attained last year. 



According to Newsweek, the vehicle now has the longest range of any EV in America. In previous years, mainstream media outlets generally did not publish such glowing reports on Lucid. And as I&rsquo;ve stated previously, the reviews of the Gravity have generally been quite favorable.



The Gravity looks promising, Lucid can exploit Tesla&rsquo;s problems, and the media appears to have become more enthused about the firm. 



As a result of the latter points, I expect Lucid&rsquo;s financial results to meaningfully improve over the longer term. Still, given the company&rsquo;s need to execute very well on the Gravity and the still-elevated valuation of Lucid stock, I suggest that investors remain on the sidelines for now when it comes to Lucid.



On the date of publication, Larry Ramer held a long position in RIVN. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>. 
<div>Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel&rsquo;s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been SMCI, INTC, and MGM. You can reach him on Stocktwits at @larryramer.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/04/the-lucid-stock-turnaround-story-from-high-priced-hype-to-undervalued-opportunity/">The Lucid Stock Turnaround Story: From High-Priced Hype to Undervalued Opportunity?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The Lucid Stock Turnaround Story: From High-Priced Hype to Undervalued Opportunity?

The auto industry is experiencing robust demand due to rising disposable incomes, rapid growth in new vehicle sales, technological advancements, and the strong uptick in EV interest. Against this backdrop, quality auto stocks such as Volkswagen AG (VWAGY), Gentherm (THRM), and American Axle & Manufacturing Holdings (AXL) could be solid buys for rapid growth. Read on... Despite facing challenges like higher vehicle prices, elevated interest rates, and sticky inflation, the auto sector's prospects appear promising owing to strong customer demand for new vehicles, easing supply chains, buying incentives, and growing interest in electric vehicles (EVs) and hybrids. Moreover, the anticipated interest rate hikes this year will benefit the industry.
Given this backdrop, fundamentally robust auto stocks Volkswagen AG (<a href="https://stocknews.com/stock/VWAGY/">VWAGY</a>), Gentherm Incorporated (<a href="https://stocknews.com/stock/THRM/">THRM</a>), and American Axle &amp; Manufacturing Holdings, Inc. (<a href="https://stocknews.com/stock/AXL/">AXL</a>) could be solid portfolio additions, given their strong growth prospects. Before diving deeper into their fundamentals, let's discuss what's happening in the auto industry.
New vehicle sales in the U.S. marked a <a href="https://apnews.com/article/auto-sales-strong-electric-vehicle-sales-slow-70a663fbc0719ebda7a4ca814c2827d2">5.1% uptick</a> in the first quarter of 2024, showcasing sustained consumer demand despite the high interest rates. The auto industry's growth is expected to be driven by the ever-rising adoption of EVs and hybrids. S&amp;P Global Mobility forecasts global new vehicle sales of <a href="https://www.spglobal.com/mobility/en/research-analysis/sp-global-mobility-forecasts-883m-auto-sales-in-2024.html">88.3 million</a> this year, a rise of 2.8% over 2023.
Meanwhile, global electric car sales are expected to reach around <a href="https://www.iea.org/news/the-worlds-electric-car-fleet-continues-to-grow-strongly-with-2024-sales-set-to-reach-17-million">17 million</a> by the end of the year. The global automotive industry is projected to reach a market size of $6.86 trillion, growing at a <a href="https://www.sphericalinsights.com/reports/automotive-industry-market">6.8% CAGR</a> by 2033. Moreover, historically high prices for new and used cars have forced potential new car buyers to keep their existing cars longer.
This will likely boost the demand for auto parts as older vehicles require more maintenance. Additionally, modern-day vehicles have become more technologically advanced through sensors, microprocessors, cameras, etc., meaning that they require greater maintenance due to the use of several components. The auto parts market is expected to reach $1.10 trillion by 2030, growing at a <a href="https://www.einpresswire.com/article/691357511/auto-parts-market-sales-1103-4-bn-to-expand-at-6-8-cagr-through-2030-vantage-market-research">CAGR of 6.8%</a>.
With these favorable trends in mind, let's delve into the fundamentals of the three auto stock picks.
Volkswagen AG (<a href="https://stocknews.com/stock/VWAGY/">VWAGY</a>)
Headquartered in Wolfsburg, Germany, VWAGY manufactures and sells automobiles in Germany, Europe, North America, South America, the Asia-Pacific, and internationally. The company operates through four segments: Passenger Cars and Light Commercial Vehicles, Commercial Vehicles, Power Engineering, and Financial Services.
On February 16, VWAGY announced its collaboration with Mahindra &amp; Mahindra Ltd. (M&amp;M) to supply components of Volkswagen´s MEB for Mahindra's purpose-built electric platform INGLO, covering the supply of certain electric components and unified cells. This e-mobility supply agreement has strengthened the relations between the two companies.
VWAGY's trailing-12-month EBIT margin of 7.64% is marginally higher than the industry average of 7.59%. Similarly, its trailing-12-month net income margin of 5.15% is 14.4% higher than the industry average of 4.50%.
Over the past three and five years, its revenue grew at CAGRs of 13.1% and 6.4%, respectively. Its <a href="https://www.investopedia.com/terms/e/ebitda.asp">EBITDA</a> grew at a CAGR of 14.3% over the past three years.
VWAGY's sales revenue and operating result for the fiscal year that ended December 31, 2023, stood at €322.28 billion ($344.69 billion) and €22.58 billion ($24.15 million), up 15.5% and 2.1% year-over-year, respectively.
For the same year, its earnings after tax of which attributable to VWAGY shareholders and earnings per ordinary share, increased 7.6% each from the previous year to €16.01 billion ($17.13 billion) and €31.92, respectively.
Street expects VWAGY's revenue for the quarter ending June 30, 2024, to increase marginally year-over-year to $88.50 billion. Its EPS for the year ending December 31, 2024, is expected to grow 67.2% year-over-year to $5.84. Over the past six months, the stock has gained 24.7% to close the last trading session at $14.84.
VWAGY's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall B rating, equating to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
It has an A grade for Value and Stability and a B for Growth. It is ranked #11 out of 51 stocks in the <a href="https://stocknews.com/category/auto-vehicle-makers/">Auto &amp; Vehicle Manufacturers</a> industry. <a href="https://stocknews.com/stock/VWAGY/">Click here</a> to see the additional POWR Ratings for VWAGY (Momentum, Sentiment, and Quality).
Gentherm Incorporated (<a href="https://stocknews.com/stock/THRM/">THRM</a>)
THRM designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies in the U.S. and internationally. The company operates in two segments: Automotive and Medical.
THRM's trailing-12-month asset turnover ratio of 1.19x is 19.3% higher than the industry average of 1.00x. Similarly, its trailing-12-month Return on Total Capital of 6.96% is 15.8% higher than the industry average of 6.01%.
Over the past three and five years, its revenue grew at CAGRs of 17.2% and 7%, respectively. Its total assets grew at a CAGR of 6.5% over the past three years.
THRM's product revenues and gross margin for the fiscal fourth quarter that ended December 31, 2023, stood at $366.93 million and $96.30 million, up 6.9% and 37.9% year-over-year, respectively. In addition, its net income stood at $18.09 million, compared to an adjusted net loss of $4.21 million.
For the same quarter, its adjusted EBITDA and EPS increased 19.7% and 91.5% from the prior-year quarter to $49.02 million and $0.90, respectively.
For the quarter ending June 30, 2024, THRM's revenue and EPS are expected to increase 3.2% and 13.6% year-over-year to $384.37 million and $0.66, respectively. The stock has gained 5.3% over the past three months, closing the last trading session at $50.74.
THRM's POWR Ratings reflect its positive prospects. It has an overall B rating, equating to Buy in our proprietary rating system.
THRM has a B grade for Growth and Quality. Within the A-rated <a href="https://stocknews.com/category/auto-parts/">Auto Parts</a> industry, it is ranked #24 out of 62 stocks. To see the additional POWR Ratings of THRM for Value, Momentum, Stability, and Sentiment, <a href="https://stocknews.com/stock/THRM/">click here</a>.
American Axle &amp; Manufacturing Holdings, Inc. (<a href="https://stocknews.com/stock/AXL/">AXL</a>)
AXL designs, engineers, and manufactures driveline and metal-forming technologies that support electric, hybrid, and internal combustion vehicles. It operates through two segments: Driveline and Metal Forming segments.
AXL's trailing-12-month CAPEX / Sales of 3.24% is 6.6% higher than the industry average of 3.04%. Similarly, its trailing-12-month levered FCF margin of 5.51% is 1.2% higher than the industry average of 5.44%.
Over the past three years, AXL's revenue grew at a CAGR of 8.9%. Similarly, its levered FCF grew at a CAGR of 7.1% during the same period.
For the fiscal fourth quarter that ended December 31, 2023, AXL's net sales increased 5% year-over-year to $1.46 billion, and its gross profit stood at $154.90 million. In addition, its adjusted EBITDA stood at $169.50 million, up 7.5% from the year-ago quarter. As of December 31, 2023, AXL's total current assets amounted to $2.01 billion, compared to $1.99 billion as of December 31, 2022.
Analysts expect AXL's revenue and EPS for the quarter ending June 30, 2024, to increase 1.4% and 6.4% year-over-year to $1.59 billion and $0.13, respectively. The company surpassed consensus revenue and EPS estimates in three of the trailing four quarters. The stock has gained 7.4% over the past six months to close the last trading session at $7.56.
AXL's POWR Ratings reflect this promising outlook. It has an overall rating of B, equating to Buy in our proprietary rating system.
AXL has a B grade for Growth, Value, and Sentiment. Within the Auto Parts industry, it is ranked #18. To see AXL's Momentum, Stability, and Quality ratings, <a href="https://stocknews.com/stock/AXL/">click here</a>.
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VWAGY shares were trading at $14.58 per share on Thursday morning, down $0.26 (-1.78%). Year-to-date, VWAGY has gained 12.33%, versus a 5.26% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Neha Panjwani</h2> <img src='https:/wp-content/uploads/2024/01/Neha-Panjwani_Headshot-1.jpeg' style="float:left; padding:5px;width:125px;">From her school days, Neha harbored a profound fascination for finance, a passion that steered her toward a career as an investment analyst following the completion of her bachelor's degree in commerce. Currently enrolled in the CFA program, Neha is dedicated to further enriching her comprehension of investment fundamentals.

Neha's primary objective is to aid retail investors in discerning optimal investment opportunities by diligently evaluating crucial aspects of financial instruments, with a primary focus on stocks and ETFs. Her commitment lies in empowering individuals to make informed and strategic investment decisions in the dynamic world of finance.<a href="https://stocknews.com/authors/?author=neha-panjwani">More...</a>The post <a href=https://stocknews.com/news/vwagy-thrm-axl-3-auto-companies-heading-for-rapid-growth/>3 Auto Companies Heading for Rapid Growth</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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