|Bid||0.00 x 1100|
|Ask||0.00 x 2200|
|Day's Range||28.84 - 28.98|
|52 Week Range||25.30 - 34.78|
|Beta (3Y Monthly)||0.73|
|PE Ratio (TTM)||4.98|
|Forward Dividend & Yield||0.99 (3.63%)|
|1y Target Est||32.81|
Learn about the most critically important financial ratios that investors and market analysts use to evaluate companies in the automotive industry.
MARYSVILLE, Ohio (AP) — Honda is slowing production of Accord and Civic cars as U.S. buyers continue to favor SUVs and trucks.
SoftBank Group Corp leader Masayoshi Son has much bigger ambitions for transportation than simply seeing his investment in Uber Technologies Inc turn into more than $13 billion when the company goes public next month. The extent of those investments, based on a Reuters analysis of publicly available data and interviews with a dozen sources familiar with SoftBank's investment strategy, has not previously been reported. Key partners in Son's quest are Uber, the U.S. ride services leader, and Japan's Toyota Motor Corp.
Honda Motor Co Ltd's sales in China are likely to catch up with its sales in the United States within two to three years and the firm would like them to eventually overtake U.S. sales, the company's chief executive said on Friday. Takahiro Hachigo made the comments to a small group of reporters after the official opening of a new plant in Wuhan, which has boosted the Japanese carmaker's China production capacity to 1.2 million vehicles a year. Hachigo said that the catch-up could happen "soon", later clarifying to Reuters that he was referring to a two-to-three-year period.
Honda Motor Co Ltd's sales in China are likely to catch up with its sales in the United States within two to three years and the firm would like them to eventually overtake U.S. sales, the company's chief executive said on Friday. Takahiro Hachigo made the comments to a small group of reporters after the official opening of a new plant in Wuhan, which has boosted the Japanese carmaker's China production capacity to 1.2 million vehicles a year. "We would like China sales to overtake the U.S.," he said, adding that the company did not expect U.S. sales to increase significantly.
At next week's 2019 New York International Auto Show, Acura will reveal a pair of new models, the 2020 TLX PMC Edition and MDX PMC Edition Prototype. The duo will be limited-run models that get final assembly at Honda's Performance Manufacturing Center (PMC) in Marysville, Ohio, along the same production line as the Acura NSX. The TLX PMC Edition goes on sale this summer with a starting price of around $50,000.
Honda's luxury brand Acura is recalling more than 360,000 SUVs worldwide because water can get into the tail lights and make them go dark. The recall is mostly in North America and covers the MDX from ...
Jaguar Land Rover (JLR) shut its UK plants on Monday for five days over Brexit, adding to other shutdowns to leave at least half the country's car production off-line in what could be a pivotal week for Britain's divorce from the EU. The move was intended to prepare for any Brexit-related disruption at Britain's biggest carmaker, which on Monday also reported a fall in global sales. Automotive firms face several possible risks under a disorderly Brexit, including delays to the supply of parts and finished models, new customs bureaucracy, the need to recertify cars and an up to 10 percent tariff on finished vehicles.
Honda has decided to end car production in Turkey following completion of the production of its current Civic Sedan model in 2021, the company said in a statement on Monday. It said it made the decision due to electrification developments in the industry globally and the need to ensure adequate production capacity. Operations in the automobile area that include vehicle imports and distribution would continue, Honda said, adding that its motorcycle operations will not be impacted by this decision.
Honda is one of the best companies at producing fun-per-dollar and fun-per-size values. Automotively speaking, Honda's Civic Si and Type R are some of the most complete cars on the market. Paring down to two wheels, Honda has the Grom, a 125cc single-cylinder mini motorcycle that's just about as entertaining as a sport bike.
In the case of collector cars, some might take out extra insurance, some might store it away in climate-controlled facilities, and others, such as the man in this story, build a secret storage room behind a false wall in a barn. The stowed 2001 Acura Integra Type R even had posters to look at. Featured by BarnFinds.com, this Type R is for sale in Canada via eBay for C $39,999.99, or about $30,000.
General Motors Company (GM), Toyota Motor Company (TM), Nissan Motor Co. (NSANY) and other auto giants in the United States release sales figures. The sales trajectory persistently declines.
The era of car ownership is over. For the past fifty years, the American dream has included putting a car in every garage, with the goal of equipping every individual with modern transportation. But, modern transportation is rapidly evolving, and that means the American dream is rapidly changing, too.The goal is still to equip everyone with modern transportation. But, personal car ownership isn't the only means of achieving that goal anymore. Now, thanks to technological advancements, smartphone proliferation and the rapid rise of ride-hailing (or ride-booking) services, Americans don't need a car to get around anymore. Instead, they can rely on ride-hailing and car-booking services for nearly all of their transportation demands.That is largely why car ownership rates have plateaued around 91% of American households for the past decade, versus a trend of consistent car ownership rate increases over the prior half-century.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis shift in trend is still in its early stages. Ride-hailing is only growing in popularity and access. Technology is only getting better at improving consumer outcomes in the ride-hailing space. The need to own a car is becoming smaller and smaller. Populations are becoming increasingly urban-centric. Personal car ownership costs are only rising, as are the traffic delay problems associated with having too many cars on the road.Consequently, it increasingly appears like we are in the early stages of a secular decline in car ownership rates. That's a big deal. For the past fifty-plus years, the trend in car ownership rates has been up. For the next fifty-plus years, the trend will be down. The financial implications of this unprecedented pivot are huge. * 8 Best Stocks to Buy for an April Rally How can investors best play this trend? Let's take a closer look at three potential trades to play the huge car ownership rate reversal trend over the next several years: Trades to Play the End of Car Ownership: Long Ride-Hailing CompaniesSource: Shutterstock Stocks to Buy: Lyft (LYFT), Uber (UBER)The most obvious way to play a secular decline in car ownership rates is to buy the stocks of the companies directly responsible for this trend shift. That includes freshly public ride-hailing company Lyft (NASDAQ:LYFT), and its larger, soon-to-be-public peer Uber.Broadly speaking, these two companies are pioneering what is known as the TaaS, or Transportation-as-a-Service, market in North America. At scale, the TaaS market is supposed to make owning a car antiquated, much like the SaaS market made owning on-premise software antiquated, through providing a wide variety of transportation services via an army of drivers to the masses. Importantly, Uber and Lyft are the only two relevant players in this market, and together control 98% of the U.S. ride-hailing market.Right now, this market comprises providing car transportation services for humans trying to get from point A to point B. Naturally, as car ownership rates fall, reliance upon and usage of these services will grow by leaps and bounds. But, that's just the tip of the iceberg with respect to what Uber and Lyft can do with an army of drivers and programmers. They can tap into logistics (delivering packages from point A to point B) and last mile transportation (scooters and bikes), among other things.Thus, the aggregate opportunity for Lyft and Uber over the next several years as car ownership rates drop is immense, and competition outside of these two giants is essentially zero. That's why buying LYFT and Uber stocks for the long run makes sense. Short Traditional Auto GiantsSource: Shutterstock Stocks to Sell: General Motors (GM), Honda (HMC), Toyota (TM), Fiat Chrysler (FCAU)Another obvious way to play a secular decline in car ownership rates over the next several years is to short the traditional automotive manufacturing sector, since the biggest tailwind which has supported robust growth across this industry over the past half-century (rising car ownership rates) is about to turn into a headwind (falling car ownership rates).Over the past half century, the percentage of no car households in the U.S. has dropped from above 20% to below 10%. But, over the past decade or so, the percentage of no car households has plateaued around 9%, and is actually showing signs of starting to move higher. The implication of lower household car ownership rates means lower total vehicle sales in the U.S. We are already seeing this. Although car sales have bounced back from the Recession, total vehicle sales per capita remain well off where they were for most of the 2000s.Further, traditional auto giants like General Motors (NYSE:GM), Honda (NYSE:HMC), Toyota (NYSE:TM), and Fiat Chrysler (NYSE:FCAU) are facing stiff competition from new electric vehicle entrants like Tesla (NASDAQ:TSLA). As the EV trend continues to gain traction over the next several years, this competition will only get stiffer, and traditional auto giants will lose more market share. * 7 Biometric Stocks to Watch as AI Rises Click to EnlargeAll in all, the outlook for traditional auto giants isn't great. For the most part, these are companies that are losing market share in a shrinking auto market. That's a bad combination, meaning that short traditional auto stocks could be a good trade over the next several years as car ownership rates drop. Long Ride-Booking Related CompaniesSource: Shutterstock Stocks to Buy: GrubHub (GRUB), Postmates (POSTM), Doordash (DOORD)A less obvious way to play a forthcoming car ownership rate reversal trend is to buy the group of stocks that provide ride-booking related services that will see higher demand in a world with lower car ownership rates.Broadly, this is the class of stocks that provide ride-hailing services in logistics and includes GrubHub (NYSE:GRUB) and soon-to-be-public companies like Postmates and DoorDash. As car ownership rates drop, and less and less consumers own a car, they will rely more heavily not just on Uber and Lyft's ride-booking services, but also on GrubHub and DoorDash's delivery services, too. Consequently, a drop in car ownership rates provides a healthy usage tailwind for these delivery-focused stocks.Further, much like ride sharing, delivery is in the first inning of a massive growth narrative. According to Morgan Stanley numbers, gross food sales in the U.S. restaurant industry measured around $220 billion in 2017, and the digital delivery penetration rate was just 7%. That's very low. In the home goods sector, the online sales penetration rate is 13%. In apparel and consumer electronics, it's right around 30%. Thus, the runway for growth through further gains in digital penetration is quite long.Overall, online delivery stocks are big winners if/when car ownership rates start dropping over the next several years.As of this writing, Luke Lango was long TSLA and GRUB and may initiate a long position in LYFT within the next 72 hours. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best ETFs for 2019: A Close Race at the Front * 15 Stocks to Buy Leading the Financial Charge * 7 Stocks From Around the World That Beat U.S. Stocks Compare Brokers The post 3 Trades to Play the End of Car Ownership appeared first on InvestorPlace.
The U.S. auto industry saw a rough start to 2019 with a slowdown in the first quarter given higher interest rates, rising vehicle prices and threat of global slowdown.
Is Tesla Really Doing More Harm than Good to the Environment?(Continued from Prior Part)Tesla and the EPA On April 1, the EPA (US Environmental Protection Agency) imposed a $31,000 penalty on Tesla (TSLA) for federal hazardous waste violations at
The beaten-up and out-of-favor automobile sector is one of the main sectors that is currently being overlooked by value investors. But passing on automobile stocks here could prove to be a mistake.Despite extremely compelling valuations (price-to-earnings multiples in the single digits), attractive dividend yields and numerous turnaround business plans in place, many car stocks are at such big discounts now that any catalyst -- small or big -- could lead to massive rewards for investors.The selloff in automobile stocks accelerated in the summer of 2018 and reached peak selling by November 2018. Although these stocks eventually regained buying momentum, they pulled back again in March as macro worries returned to markets.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best ETFs for 2019: A Close Race at the Front The lack of a trade deal between the U.S. and China did not scare markets as a whole, as the S&P 500 rose by 14% in the first quarter. But automobile stocks were left behind. With that in mind, here are five car stocks to buy now: Ford (F)Source: Shutterstock Ford (NYSE:F) rallied over 5.5% on the week, despite lacking any noteworthy headlines. But if you take a closer look at F stock, you'll notice some promising opportunities.The recent rally took F stock's P/E back to 10X for the first time in months and income investors will like F stock for its 6.7% dividend yield.Investors have largely ignored its partnership with Volkswagon (OTCMKTS:VWAGY) which may prove a big mistake. VW plans to spend $11 billion restructuring its business and $50 billion for developing electric vehicles and self-driving cars by 2023. By partnering with VW, Ford becomes an EV play, but its stock is not as expensive as some of its competitors like Tesla (NASDAQ:TSLA), which has a forward P/E of 32X. Ford shares trade at a forward P/E of 6.7X.Investors who pay more attention to F stock again will enjoy the company's $160 billion in annual sales, $3.55 billion in income and book value of $9.06 a share.However, there are a few risks to owning this well-known car stock. Ford has historically underperformed other big automobile stocks and it has consistently traded at valuations below that of its peers. The stock needs sentiment to change before multiples expand and the stock price increases. General Motors (GM)Source: Shutterstock General Motors (NYSE:GM) is another standout among automobile stocks. Specifically, GM stock has risen 23.6% from its 52-week low, and offers a 4% dividend yield and at a P/E of 6.6X.GM stock took a hit on the chin after the company made headlines for its decision to cut costs in a massive layoff that ended the production of its Chevrolet Cruze at its assembly plant in Ohio.GM has to close several of its American plants because many of its plants are running with only one shift but need two shifts to be profitable. But as gloomy as this may seem, after years of competition, GM may no longer run its production at a loss. * 10 Tech Stocks That Transformed Their Business Furthermore, on the global expansion front, GM will introduce 20 new and refreshed models in China. The company knows that to compete effectively in the region, it needs an optimal product mix that includes new product designs and technology offerings. GM may introduce new technologies to its vehicles, such as vehicle-to-everything communications and Super Cruise. If its competitors offer nothing close to that, GM has a chance to grow market share. Fiat Chrysler (FCAU)Source: Shutterstock Fiat Chrysler (NYSE:FCAU) might seem like the weakest company on this list of car stocks to buy, but much of the perceived weakness in FCAU stock is because shares have unwinded from a takeover premium.FCAU stock is down 37.6% from its 52-week highs, bringing its dividend yield to an attractive 4.9% and granting the company a P/E of 6.6X.Similar to GM, Fiat is also cutting factory jobs.On March 28, the company said it would cut 1,500 jobs at a plant in Windsor, Ontario, Canada. The decision will reduce its minivan output, which is likely a response to lackluster sales performance in this area.On the bright side, the company added 6,500 jobs to expand its Jeep production. Strong demand for SUVs could be a tailwind for Fiat. Its next-generation Jeep Grand Cherokee and an all-new, full-size SUV with three rows could offset falling Fiat, Chrysler and Dodge sales. In February, Jeep sales actually fell 4%, while Chrysler sales fell 36%. Meanwhile, Ram sales rose 24%. Toyota (TM)Source: Shutterstock Hovering near its 52-week low, Toyota (NYSE:TM) trades at a similar P/E multiple to that of F stock at 10.3X.TM stock is in a bit of a downtrend because its U.S. sales are weak. In February, unit sales fell overall, led by Camry sales falling 21% and Prius sales down 48%. Mind you, the Prius is a smaller part of total sales. Corolla, Land Cruiser and Highlander sales grew in February.In a move that may please the U.S. President, Toyota increased the value of its 2017 pledge to invest $10 billion over five years in the U.S. It will now commit around $13 billion in that time to make the RAV4 and Lexus ES 300h hybrids in Kentucky.Increasing production in the U.S. instead of in Mexico will help diminish tariff risks for Toyota. And its joint venture with Mazda (OTCMKTS:MZDAY) to build another plant in the U.S. will add $1.4 billion in investments and create 4,000 jobs in Huntsville, Alabama. * 7 China ETFs to Consider Right Now Another potential catalyst for TM stock is that Toyota said it would bring back the Supra. This move may signal the company's confidence in winning market share in the two-door sports car market. While sales of Lexus and Toyota automobiles grow steadily, adding a nostalgic sports car back into the mix is a symbol of confidence for the company. In this business, it's a bold move to bring back a previously retired model, but also one that can pay off handsomely. Honda (HMC)Source: Shutterstock Honda (NYSE:HMC) is deeply discounted with a P/E of 7.5X and a dividend yield of 3.6%. Although it recently announced it will recall around 1 million vehicles with dangerous airbags, the last quarterly earnings report showed many areas of strength.Honda reported a historical record for sales of light trucks in 2018. Likewise, Acura RDX, Pilot and CR-V sales set a new calendar year record. It has an all-new Passport release for this year. And in the EV front, its Everus VE-1 is a mass-production EV that also holds great promise.Although Honda expects its operating profits to fall by 5.2%, the company did not indicate any change to its dividend policy in its forecast. The company forecast that most weakness will come from the North American market. For investors looking to diversify outside of the U.S. market, HMC stock provides geographically diverse exposure to Japan and other Asian markets.With strong profit growth in Asia and profits expected to go up in North America despite lower sales, investors should consider HMC stock.As of this writing, Chris Lau held shares of Ford. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best ETFs for 2019: A Close Race at the Front * 15 Stocks to Buy Leading the Financial Charge * 7 Stocks From Around the World That Beat U.S. Stocks Compare Brokers The post 5 Automobile Stocks to Consider Now appeared first on InvestorPlace.
Is Tesla Really Doing More Harm than Good to the Environment?Tesla American electric carmaker Tesla (TSLA) was founded in 2003 with a mission “to accelerate the world’s transition to sustainable energy.” Since then, Tesla and its CEO, Elon
American Honda Motor Co. reversed its car sales in March. The automaker, which headquarters its North American manufacturing and other operations in Marysville, Tuesday reported a 4.3 percent sales increase for the month to 148,509 vehicles. According to a statement from Michelle Krebs, Autotrader executive analyst, Honda outperformed forecasts in the month.