Latest news with #CARG
Yahoo
3 days ago
- Automotive
- Yahoo
General Motors to Make an Investment of $888M in Tonawanda Plant
General Motors Company GM has revealed plans to invest $888 million into its Tonawanda Propulsion plant to support the production of its sixth-generation V-8 engines, which power full-size trucks and SUVs. These new engines are expected to outperform current models while enhancing fuel efficiency and lowering emissions, thanks to advancements in combustion and thermal management the past 15 years, GM has consistently invested in its manufacturing capabilities. In January 2023, it committed $500 million to its Flint Engine plant for the production of the sixth-generation V-8 project. The latest investment is now GM's largest single investment in an engine facility, making it the second plant to take on production of the new engine funding will go toward new machinery, tools, equipment and upgrades to the facility. Tonawanda Propulsion, represented by UAW Local 774, will continue producing the current fifth-generation V-8 while gearing up to begin sixth-generation production in Motors is the top-selling automaker in the United States. The company's hot-selling brands in America, namely Chevrolet, Buick, GMC and Cadillac, are boosting its top line. It is advancing well in its electrification journey. In the final quarter of 2024, GM's EV portfolio became 'variable profit positive' thanks to production scale efficiencies, lower material costs and expansion of the portfolio with the Cadillac Escalade IQ and Sierra EV launches. The company expects to cut EV-related losses further this year. Also, General Motors' deals with Vianode, Lithium Americas, LG Chemical, POSCO Chemical and Livent have boosted its EV supply chain, aligning with its long-term electrification goals. General Motors carries a Zacks Rank #5 (Strong Sell) at better-ranked stocks in the auto space are CarGurus, Inc. CARG, Strattec Security Corporation STRT and Michelin MGDDY, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks Zacks Consensus Estimate for CARG's 2025 sales and earnings implies year-over-year growth of 4.96% and 25%, respectively. EPS estimates for 2025 and 2026 have improved 30 cents and 44 cents, respectively, in the past 30 Zacks Consensus Estimate for STRT's fiscal 2025 sales and earnings implies year-over-year growth of 3.49% and 8.11%, respectively. EPS estimates for fiscal 2025 and 2026 have improved 73 cents and 91 cents, respectively, in the past 30 Zacks Consensus Estimate for MGDDY's 2025 sales and earnings implies year-over-year growth of 0.43% and 37.76%, respectively. EPS estimates for 2025 and 2026 have improved a penny and 4 cents, respectively, in the past seven days. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report General Motors Company (GM) : Free Stock Analysis Report Strattec Security Corporation (STRT) : Free Stock Analysis Report Michelin (MGDDY) : Free Stock Analysis Report CarGurus, Inc. (CARG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
22-05-2025
- Automotive
- Yahoo
1 Stock Under $50 to Target This Week and 2 to Think Twice About
Stocks in the $10-50 range offer a sweet spot between affordability and stability as they're typically more established than penny stocks. But their headline prices don't guarantee quality, and investors should exercise caution as some have shaky business models. This is precisely where StockStory comes in - we do the heavy lifting to identify companies with solid fundamentals so you can invest with confidence. That said, here is one stock under $50 with huge potential and two that could be down big. Share Price: $31.54 Bringing transparency to a sometimes opaque process, CarGurus (NASDAQ:CARG) is a digital marketplace where auto dealers can connect with potential customers and where car buyers can browse, purchase, and obtain financing. Why Does CARG Worry Us? Market opportunities are plateauing as its paying dealers were flat over the last two years Projected sales growth of 6% for the next 12 months suggests sluggish demand Earnings growth underperformed the sector average over the last three years as its EPS grew by just 5.8% annually At $31.54 per share, CarGurus trades at 11.7x forward EV/EBITDA. If you're considering CARG for your portfolio, see our FREE research report to learn more. Share Price: $30.83 Founded as Lollicup, Karat Packaging (NASDAQ: KRT) distributes and manufactures environmentally-friendly disposable foodservice packaging solutions. Why Are We Wary of KRT? 2.1% annual revenue growth over the last two years was slower than its industrials peers Earnings growth over the last two years fell short of the peer group average as its EPS only increased by 5.9% annually Low free cash flow margin of 4.5% for the last five years gives it little breathing room, constraining its ability to self-fund growth or return capital to shareholders Karat Packaging's stock price of $30.83 implies a valuation ratio of 11.3x forward EV-to-EBITDA. Dive into our free research report to see why there are better opportunities than KRT. Share Price: $18.54 Known for powering the emergency SOS feature in newer Apple iPhones, Globalstar (NASDAQ:GSAT) operates a network of low-earth orbit satellites that provide voice and data communications services in remote areas where traditional cellular networks don't reach. Why Are We Fans of GSAT? Annual revenue growth of 20.7% over the past two years was outstanding, reflecting market share gains this cycle Incremental sales significantly boosted profitability as its annual earnings per share growth of 33.7% over the last two years outstripped its revenue performance Impressive free cash flow profitability enables the company to fund new investments or reward investors with share buybacks/dividends, and its rising cash conversion increases its margin of safety Globalstar is trading at $18.54 per share, or 22.3x forward EV-to-EBITDA. Is now a good time to buy? Find out in our full research report, it's free. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Strong Momentum Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today for free.
Washington Post
08-05-2025
- Automotive
- Washington Post
CarGurus: Q1 Earnings Snapshot
BOSTON — BOSTON — CarGurus Inc. (CARG) on Thursday reported first-quarter net income of $39 million. On a per-share basis, the Boston-based company said it had profit of 37 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 46 cents per share. The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.
