Top 10 Auto Manufacturers Stocks to Watch in Nov 2024: Essential Guide for Investors
Nov 21, 2024 03:11What are Auto Manufacturers Stocks?
The auto manufacturing sector is a crucial part of the global economy, involving the design, development, manufacture, marketing, and sale of motor vehicles. As technology advances and consumer preferences shift, this industry is undergoing rapid transformations, including the rise of electric vehicles (EVs) and the development of autonomous driving technologies. Major markets like the United States, Europe, and China are seeing significant shifts as manufacturers adapt to these new trends.
Key Aspects of Auto Manufacturers Stocks
Electric Vehicle Production:
- With the increasing global demand for sustainable transportation solutions, electric vehicle manufacturers are becoming a significant force in the auto industry.
- Examples: Tesla, Rivian and NIO.
Traditional Vehicle Manufacturing:
- These companies focus on the design and production of internal combustion engine vehicles, boasting deep technological expertise and broad market presence.
- Examples: Ford, General Motors and Toyota.
Automotive Technology Innovation:
- Auto manufacturers are continually exploring new technologies such as autonomous driving and connected cars to enhance vehicle intelligence and connectivity.
- Examples: Alphabet, Apple and Samsung.
10 Top Auto Manufacturers Stocks
Tesla(TSLA.US)
Company overview
Tesla, Inc. engages in the design, development, manufacture, and sale of electric vehicles and energy generation and storage systems. It operates through the Automotive and Energy Generation and Storage segments. The Automotive segment includes the design, development, manufacture, sale, and lease of electric vehicles as well as sales of automotive regulatory credits. The Energy Generation and Storage segment is involved in the design, manufacture, installation, sale, and lease of solar energy generation, energy storage products, and related services and sales of solar energy systems incentives. The company was founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003 and is headquartered in Austin, TX.
Market value of Tesla(TSLA.US): US$1.085T
Stock price performance in 2024: +36.01%
What's the latest news:
Tesla Stock Rises: Tesla shares climb as potential deregulation on autonomous vehicles is seen as positive.
Tesla Stock Falls: Tesla stock drops despite Kim Kardashian's purchase of a Tesla robot.
Tesla Stock Climbs Again: Kim Kardashian's social media posts may be boosting Tesla's stock.
Tesla Offers Free Supercharging: Tesla provides three months of free FSD subscription and supercharging to North American buyers.
Toyota Motor(TM.US)
Company overview
Toyota Motor Corp. engages in the manufacture and sale of motor vehicles and parts. It operates through the following segments: Automotive, Financial Services, and All Other. The Automotive segment designs, manufactures, assembles and sells passenger cars, minivans, trucks, and related vehicle parts and accessories. It is also involved in the development of intelligent transport systems. The Financial Services segment offers purchase or lease financing to Toyota vehicle dealers and customers. It also provides retail leasing through lease contracts purchased by dealers. The All Others segment deals with the design, manufacture, and sale of housing, telecommunications and other businesses. The company was founded by Kiichiro Toyoda on August 28, 1937 and is headquartered in Toyota, Japan.
Market value of Toyota Motor(TM.US): US$226.426B
Stock price performance in 2024: -5.03%
What's the latest news:
Lexus TX Adds F SPORT: The 2025 Lexus TX introduces the F SPORT Handling edition, enhancing luxury features and dynamic driving experiences.
Toyota's High-Performance Battery: Toyota plans to mass produce high-performance solid-state batteries by 2026, significantly boosting electric vehicle performance.
Toyota's Earnings Decline: Toyota's net profit fell by 56.51% in the third quarter of fiscal 2024, facing market challenges.
Ferrari(RACE.US)
Company overview
Ferrari NV is a holding company, which engages in the design, engineering, production, and sale of luxury sports cars. The firm's models include the F12Berlinetta, 488GTB, 488 Spider, 458 Speciale, California T, the LaFerrari Hybrid, LaFerrari, and the FF four-wheel drive. It participates in car racing such as Formula One. The company was founded by Enzo Anselmo Ferrari in 1939 and is headquartered in Maranello, Italy.
Market value of Ferrari(RACE.US): US$76.449B
Stock price performance in 2024: +26.72%
What's the latest news:
Market Cap Drops $3.2B: Despite a $3.2 billion market cap drop, institutional investors may remain optimistic about Ferrari's long-term profits.
High Options Volatility: The options market for Ferrari shows high volatility, indicating potential large price movements.
EPS Growth Noted: Ferrari's significant EPS growth in recent years has attracted investor attention.
Maintains Buy Rating: Morgan Stanley analyst maintains a Buy rating on Ferrari, citing strategic growth and innovation.
Global Partnership Announced: Ferrari announces a multi-year global partnership with Chivas Regal to promote sports culture.
General Motors(GM.US)
Company overview
General Motors Co. engages in the designing, manufacturing, and selling of trucks, crossovers, cars, and automobile parts, and in providing software-enabled services and subscriptions. It operates through the following segments: GMNA, GMI, Cruise, and GM Financial. The company was founded by William C. Durant on September 16, 1908 and is headquartered in Detroit, MI.
Market value of General Motors(GM.US): US$60.082B
Stock price performance in 2024: +53.35%
What's the latest news:
Institutional Ownership: Institutions hold 89% of General Motors, significantly influencing its stock price.
Executive Stock Sale: General Motors executive CRAIG GLIDDEN sold 381,000 shares worth approximately $21.7 million.
1,000 Jobs Cut: General Motors continues to cut 1,000 jobs amid its push into unprofitable electric vehicles.
Whales Betting Bearish: Large investors have taken a bearish stance on General Motors through significant options trades.
Global Layoffs: General Motors lays off about 1,000 workers globally to cut costs in a competitive market.
Ford Motor(F.US)
Company overview
Ford Motor Co. engages in the manufacture, distribution, and sale of automobiles. It operates through the following segments: Ford Blue, Ford Model E, Ford Pro, Ford Next, Ford Credit, and Corporate Other. The Ford Blue, Ford Model E, and Ford Pro segment includes the sale of Ford and Lincoln vehicles, service parts, and accessories, together with the associated costs to develop, manufacture, distribute, and service the vehicles, parts, and accessories. The Ford Next segment is involved in the expenses and investments for emerging business initiatives aimed at creating value for Ford in vehicle-adjacent market segments. The Ford Credit segment consists of the Ford Credit business on a consolidated basis, which is primarily vehicle-related financing and leasing activities. The Corporate Other segment refers to corporate governance expenses, past service pension and OPEB income and expense, interest income and gains and losses from cash, cash equivalents, and marketable securities, and foreign exchange derivatives gains, and losses associated with intercompany lending. The company was founded by Henry Ford on June 16, 1903 and is headquartered in Dearborn, MI.
Market value of Ford Motor(F.US): US$42.247B
Stock price performance in 2024: -6.67%
What's the latest news:
Stock up 12%: Ford Motor Company's stock has risen 12% on the NYSE recently.
Hefty fine imposed: Ford Motor faces a $165 million fine from NHTSA for delayed recalls.
Active options trading: Ford Motor saw a significant options trading volume of 114.48K contracts.
EV production cut: Ford reduces production of Capri and Explorer EVs in Germany due to lower demand.
4,000 jobs cut: Ford plans to cut 4,000 jobs in Europe by the end of 2027 amid shifts in the EV market.
Honda Motor(HMC.US)
Company overview
Honda Motor Co., Ltd. engages in the manufacture and sale of automobiles, motorcycles, and power products. It operates through the following segments: Automobile, Motorcycle, Financial Services, and Power Product and Other Businesses. The Automobile segment manufactures and sells automobiles and related accessories. The Motorcycle segment handles all-terrain vehicles, motorcycle business, and related parts. The Financial Services segment provides financial and insurance services. The Power Product and Other Businesses segment offers power products and relevant parts. The company was founded by Soichiro Honda on September 24, 1948 and is headquartered in Tokyo, Japan.
Market value of Honda Motor(HMC.US): US$40.307B
Stock price performance in 2024: -12.19%
What's the latest news:
Honda Wins Again: Honda Motor wins the J.D. Power 2025 U.S. ALG Residual Value Award for the fourth consecutive year.
Q3 Profits Drop: Honda Motor reports a 61.76% drop in net profits for Q3 2024, despite a 4.80% increase in revenue.
Dealership Closure Response: Tianjin Yongtai Group responds to the closure of three brand 4S stores, denying rumors.
Stellantis NV(STLA.US)
Company overview
Stellantis NV engages in the design, manufacture, distribution, and sale of vehicles. It offers its products under the Abarth, Alfa Romeo, Chrysler, Citro?n, Dodge, DS, Fiat, Fiat Professional, Jeep, Lancia, Opel, Peugeot, Ram, and Vauxhall brands. The company was founded on April 01, 2014 and is headquartered in Hoofddorp, the Netherlands.
Market value of Stellantis NV(STLA.US): US$36.731B
Stock price performance in 2024: -41.37%
What's the latest news:
Hold Rating Maintained: Bernstein reaffirms a hold rating on Stellantis with a target price of $12.10.
Hold Rating Reiterated: Bernstein sticks to their hold rating for Stellantis, target price set at $12.10.
STLA Frame Launched: Stellantis unveils the STLA Frame platform, designed for full-size trucks and SUVs.
New Pacifica FAV Edition: Chrysler launches the 2025 Pacifica Family Adventure Vehicle Edition, enhancing family travel.
Production Pause in Italy: Stellantis to pause production at two Italian plants, impacting operations.
Li Auto(LI.US)
Company overview
Li Auto, Inc. engages in the design, development, manufacture, and sale of premium smart electric vehicles. Its products include Li MEGA, a high-tech flagship family MPV, Li L9, a six-seat flagship family SUV, and Li L8, a six-seat premium family SUV, and Li L7, a five-seat flagship family SUV. The firm also offers in-house development efforts on its proprietary range extension system, next-generation electric vehicle technology, and smart vehicle solutions. The company was founded by Xiang Li in April 2015 and is headquartered in Beijing, China.
Market value of Li Auto(LI.US): US$24.106B
Stock price performance in 2024: -39.30%
What's the latest news:
Maintains Buy Rating: Morgan Stanley analyst maintains a buy rating for Li Auto with a target price of $29.
29 Weeks at Top Sales: Li Auto leads domestic new energy brand sales for 29 consecutive weeks.
Sales Exceed 100,000: Li Auto's sales surpass the 100,000 milestone.
New Sales Company in Beijing: Li Auto establishes a new sales service company in Beijing.
Tech Debut at Guangzhou Auto Show: Li Auto showcases latest technologies at the 2024 Guangzhou International Auto Show.
XPeng(XPEV.US)
Company overview
XPeng, Inc. designs, develops, manufactures, and markets smart electric vehicles. it's products are environmentally friendly vehicles, namely an SUV (the G3) and a four-door sports sedan (the P7). The company develops driver-assistance system technology and in-car intelligent operating system, as well as core vehicle systems including powertrain and the electrical/electronic architecture. It also provides a range of services to the clients, including supercharging service, maintenance service, ride-hailing service and vehicle leasing service. The company was founded by Xiao Peng He, Heng Xia, and Tao He in 2015 and is headquartered in Guangzhou, China.
Market value of XPeng(XPEV.US): US$11.917B
Stock price performance in 2024: -13.98%
What's the latest news:
Q3 Net Loss Narrows: XPeng is expected to report a significantly reduced net loss of 1.6 billion yuan for Q3.
Earnings Preview: XPeng to announce Q3 financial results on November 19.
Stock Rises on Earnings: XPeng's stock price increased following better-than-expected quarterly results.
25% Revenue Growth in Q3: XPeng reported a 25% revenue increase in Q3, with a record high gross margin.
Price Target Raised: BofA Securities maintains a buy rating on XPeng, raising the target price to $16.2.
Rivian Automotive(RIVN.US)
Company overview
Rivian Automotive, Inc. engages in the design, development, and manufacture of category-defining electric vehicles and accessories. The company was founded by Robert J. Scaringe in June 2009 and is headquartered in Irvine, CA.
Market value of Rivian Automotive(RIVN.US): US$10.288B
Stock price performance in 2024: -57.03%
What's the latest news:
Analyst Ratings Update: Several analysts have updated their ratings and target prices for Rivian Automotive.
Options Market Activity: The options market for Rivian Automotive shows a predominance of bearish trades.
Latest Analyst Ratings: Key analysts have updated their ratings and target prices for Rivian Automotive.
Options Trading Overview: Rivian Automotive's options trading volume and open interest indicate active market participation.
Options Trading Overview: Rivian Automotive's options trading volume and open interest continue to show active market participation.
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