|Bid||36.91 x 1300|
|Ask||36.92 x 1400|
|Day's Range||36.69 - 36.98|
|52 Week Range||30.56 - 45.00|
|Beta (3Y Monthly)||1.01|
|PE Ratio (TTM)||6.64|
|Earnings Date||Apr 30, 2019|
|Forward Dividend & Yield||1.52 (4.17%)|
|1y Target Est||47.14|
How Foreign Automakers' US Sales Looked in February(Continued from Prior Part)Honda’s US sales in February In February 2019, Japanese automaker Honda (HMC) reported a 0.4% YoY drop in its US market sales volume. Last month, the company
U.S. auto sales are expected to drop about 2.1 percent in March from a year earlier, partly due to bad weather, mixed economic data and lower tax refunds, according to industry consultants J.D. Power and LMC Automotive. The consultancies expect total U.S. vehicle sales of about 1.56 million units in March. Retail sales are expected to touch 1,195,000 units in March, a 3.4 percent decline from a year earlier, the consultancies said on Tuesday.
How Foreign Automakers' US Sales Looked in February(Continued from Prior Part)Toyota’s US sales In February 2019, Toyota Motor (TM), the largest Japanese automaker, reported a 5.2% YoY decline in its US sales volume to 172,748 units. In January,
When it comes to the Uber and Lyft IPOs, I'm sure the financial media will be full of talking heads with opinions on both. That's fine. But lost in all of it will be an even more promising future. Over the long term, these two companies point us to one major trend (and investment theme) -- the growth of autonomous vehicles and the emergence of "robo-taxis."Unless you truly love driving, there will be no need to own a car in the future. Auto sharing will be the next-generation way to "own" cars. You will use an app to request that a car come pick you up and take you to your desired destination.That's no different than what Uber and Lyft already do today. The difference is that the cars will arrive without a human driver. The autonomous vehicles will take you to where you need to be, and they will come back to take you home when you are ready.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn the future, taxis will be these "robo-taxis." And a study conducted by UBS shows that their cost per mile will be about 80% less than that of a traditional taxi. * 7 Marijuana Stocks to Play the CBD Trend You can see why Lyft and Uber are both in prime position to benefit from the massive and life-changing shift to what I call Transportation 2.0.In fact, the two ride-sharing giants are already embracing the future -- though they have very different models when it comes to implementing the new technologies. Two Approaches to the Same RaceUber is set on developing its own self-driving technology that it will use in its fleet of vehicles. As a matter of fact, the company is close to accepting a $1 billion investment from Toyota Motor (NYSE:TM) and its largest shareholder, Japanese telecom business SoftBank Group (OTCMKTS:SFTBY). The huge infusion of cash would be put to work in Uber's autonomous vehicles unit (which is currently losing money).Assuming Uber continues along that path, Lyft will likely be first in bringing an AV ride-hailing service to market. It has said it wants to act as an "open platform" for self-driving providers.Lyft partnered with the world leader in automotive software -- which my Investment Opportunities subscribers have a stake in -- and began offering self-driving public rides in the test market of Las Vegas in May 2018. The cars provide rides to more than 1,600 entertainment venues, restaurants and destinations throughout the city. They drive themselves until entering a property, at which point the driver then takes control until it is back out on public streets.So far, the numbers are encouraging. The companies say they have provided more than 30,000 rides with an average rating of 4.95 out of five stars.Lyft's partnerships don't stop there. General Motors (NYSE:GM) invested $500 million in the ride-sharing company in 2016 and today owns more than 18.6 million shares.General Motors owns self-driving car company Cruise Automation, one of more than 50 businesses with a permit to test autonomous vehicles on public roads in California. Together, Cruise and General Motors are ramping up to launch Cruise Anywhere, their own version of a ride-hailing app.CEO Kyle Vogt has also said he is open to working with other companies "if that's the best way to release this technology and achieve the societal benefits of driverless cars sooner." Considering General Motors' ownership stake in Lyft, that seems like a very logical possibility. The company's goal is to launch autonomous vehicles for ride-sharing services as early as this year. The Right Early Investments for Autonomous VehiclesWe're seeing the very beginnings of the trillion-dollar shift to Transportation 2.0 -- and this trend could easily be headlined by the likes of Lyft and Uber.Lyft, which launched its pre-IPO "road show" this week, is scheduled to start trading on the NASDAQ next Friday, March 29, under the symbol "LYFT."Assuming all goes according to plan, Lyft will become the first-ever U.S. ride-hailing company to go public. Then Uber -- the biggest name in the industry today -- plans to make its initial public offering (IPO) in April.Even with all of the attention surrounding these long-awaited market debuts, these are the not the companies you want to invest in to stake your claim in the self-driving mega-trend. At least, not yet.Both Lyft and Uber are not currently profitable. Now, that isn't the end of the world. Most early-stage companies take years to turn their first profit as they reinvest in growing their businesses. However, it does make things trickier when analyzing an IPO.Lyft wants to fetch a valuation of up to $23 billion when it enters the stock market. And Uber will be seeking much, much more… a valuation upwards of $120 billion!Despite their obvious similarities, the two companies do have their differences. Uber has expanded internationally and diversified itself into other areas of the market, like food delivery. Lyft, on the other hand, is all about ride sharing - which actually makes it a simpler bet.That being said -- I'm staying away from both IPOs for now. I rarely buy any right away. For instance, right now I am focusing a lot on recently public marijuana companies, which I typically watch for a period of time, then identify the right time to buy. (And timing really is everything: Our first recommendation gained 95% in less than four months.)That doesn't mean there will never be a time to buy Lyft, Uber or both. I hated Facebook (NASDAQ:FB) in its early years -- I want to see a company start making money. Now it's in much better shape, and I expect it to remain a technology giant for years and years to come.As we watch Lyft and Uber, we are much better off investing in companies that will supply the next-generation robo-taxis. Rather than trying to pick the winner of the industry, we can make money off the companies that will benefit no matter what.I've recommended several such companies to my Investment Opportunities subscribers. The most recent came just two weeks ago, so I can't give you all of the details here. I can say it is a big player in supplying computer chips for autonomous vehicles, and it is already up about 20%!The disruption of this industry is just now beginning. It will lead to trillions of dollars moving from the old to the new. Smart investors will make the right moves now and ride as much of the coming wave as possible.As autonomous vehicles go mainstream, I'm absolutely convinced their adoption will pay off for early investors at incredible rates of speed. If you can claim a small stake in the companies developing this technology now, you could benefit from one of the rarest, most powerful economic forces in history.I've spent hundreds of hours analyzing the industry, and you can get all my research on this mega-trend -- including the absolute best AV stocks to own today for big profits tomorrow -- by clicking here to learn more.Matthew McCall is the founder and president of Penn Financial Group, an investment advisory firm, as well as the editor of Investment Opportunities and Early Stage Investor. He has dedicated his career to getting investors into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA), +1,044% in Tesla (TSLA), +611% in Liquefied Natural Gas Limited (LNGLY), +324% in Bitcoin Services (BTSC), just to name a few. If you're interested in making triple-digit gains from the world's biggest investment trends BEFORE anyone else, click here to learn more about Matt McCall and his investments strategy today. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dual-Class Stocks That Will Outperform * 7 Reasons Why Apple Streaming Won't Move the Needle for Apple Stock * 7 A-Rated Stocks to Buy in the Second Quarter Compare Brokers The post Why Autonomous Vehicles are Such a Game-Changer for Uber and Lyft appeared first on InvestorPlace.
Canoo is positioning itself as a "boutique California EV brand" and said it will start sales in the United States in 2021, eventually expanding to China. The company, one of dozens of EV startups in the United States and China, has not disclosed its investors but has raised about $1 billion, according to a source familiar with the process. Canoo said it plans to market a four-model range that will include personal commuter and "lifestyle" vehicles, as well as commercial vehicles for ride and delivery services.
Lyft’s revenue is exploding, but so is its net loss. Like many IPO candidates the San Francisco-based company has never turned a profit. Under the potential risk factors listed in its filing with the Securities and Exchanges Commission, Lyft warns that its expenses are likely to increase and that it may not be able to “achieve or maintain profitability in the future.” As executives and advisers hit the road to market shares to possible investors in the next few weeks, they’re likely to be pitching to a group that’s no stranger to money-losing tech listings.
How Foreign Automakers' US Sales Looked in February(Continued from Prior Part)Fiat Chrysler’s brand-wise sales In February 2019, Fiat Chrysler Automobiles (FCAU) sold 1,362 car units of its luxury brand, Alfa Romeo, in the US, reflecting about a
How Foreign Automakers' US Sales Looked in February(Continued from Prior Part)FCAU’s US sales in February 2019 In February 2019, Fiat Chrysler Automobiles’ (FCAU) total US sales were at 162,036 vehicles, which was about 2.3% lower than the
Investment in stocks made on diligent value analysis is usually considered one of the best practices. In value investing, investors pick stocks that are cheap but fundamentally sound.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
How Foreign Automakers' US Sales Looked in FebruaryMarch 2019 US auto salesUS new vehicle sales stood at 1.26 million units in February 2019, down about 2.8% from 1.30 million units in February 2018, according to data compiled by MarkLines. In
It's been a very busy week for the automakers and the future of the industry. On Friday, General Motors announced that it would sink a $1.8 billion investment "in its U.S. manufacturing operations across six states, adding a total of 700 new jobs." The move comes following plenty of backlash from various political leaders -- including President Trump -- as well as the UAW after GM announced a large cutback in late 2018. Of the $1.8 billion, $300 million will be allocated to its assembly plant in Orion Township, Mich., where the company plans to build a new electric vehicle alongside its Bolt EV.
It's been a long time since there was meaningful strategic collaboration between General Motors and Lyft, so there's no reason for the top U.S. automaker to maintain a long-term investment in the Uber rival.
This weekend's Barron's discusses how to invest like an activist. Also, mid-cap stocks with big dividends and an industrial stock ready to bloom. "Investing Lessons From the Activist Playbook" by Al Root suggests that more companies — even Apple Inc. (NASDAQ: AAPL) — are being targeted by activist investors who are notching more victories, and yet the record on their returns is mixed.
Corvette Forum user NBVette4U said he visited his local dealer in Canada and "configured my new Mid Engine Stingray Z51 C8." What follows are phone-camera images of computer screen configurator pages and a printout of the final vehicle spec. NBVette4U - who used the name Chris Smith on the paperwork - said he sat down with a sales manager to order the 2020 Chevrolet Corvette, and that any other Canadian could confirm it. If the forum information is accurate, our guess would be that Mr. Smith has access to GM's WorkBench Connect dealer software or something like it.
Yahoo Finance's Zack Guzman and Heidi Chung are joined by Arthur Zaczkiewicz, Women’s Wear Daily executive editor, to discuss Pinterest's IPO.