Automobile Manufacturing Stocks Q3 In Review: Autoliv (NYSE:ALV) Vs Peers

Wrapping up Q3 earnings, we look at the numbers and key takeaways for the automobile manufacturing stocks, including Autoliv (NYSE:ALV) and its peers.

Much capital investment and technical know-how are needed to manufacture functional, safe, and aesthetically pleasing automobiles for the mass market. Barriers to entry are therefore high, and auto manufacturers with economies of scale can boast strong economic moats. However, this doesn’t insulate them from new entrants, as electric vehicles (EVs) have entered the market and are upending it. This has forced established manufacturers to not only contend with emerging EV-first competitors but also decide how much they want to invest in these disruptive technologies, which will likely cannibalize their legacy offerings.

The 11 automobile manufacturing stocks we track reported a strong Q3. As a group, revenues beat analysts’ consensus estimates by 4.7%.

Thankfully, share prices of the companies have been resilient as they are up 7.9% on average since the latest earnings results.

Autoliv (NYSE:ALV)

With products estimated to save over 30,000 lives annually in traffic accidents worldwide, Autoliv (NYSE:ALV) develops and manufactures passive safety systems for vehicles, including airbags, seatbelts, and steering wheels that protect occupants during crashes.

Autoliv reported revenues of $2.71 billion, up 5.9% year on year. This print exceeded analysts’ expectations by 1%. Overall, it was an exceptional quarter for the company with a solid beat of analysts’ adjusted operating income estimates.

Interestingly, the stock is up 5.8% since reporting and currently trades at $128.17.

Is now the time to buy Autoliv? Access our full analysis of the earnings results here, it’s free.

Best Q3: Ford (NYSE:F)

Established to make automobiles accessible to a broader segment of the population, Ford (NYSE:F) designs, manufactures, and sells a variety of automobiles, trucks, and electric vehicles.

Ford reported revenues of $50.53 billion, up 9.4% year on year, outperforming analysts’ expectations by 9.1%. The business had an incredible quarter with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.

The market seems happy with the results as the stock is up 13.4% since reporting. It currently trades at $13.98.

Is now the time to buy Ford? Access our full analysis of the earnings results here, it’s free.

Lucid (NASDAQ:LCID)

Founded by a former Tesla Vice President, Lucid Group (NASDAQ:LCID) designs, manufactures, and sells luxury electric vehicles with long-range capabilities.

Lucid reported revenues of $336.6 million, up 68.3% year on year, falling short of analysts’ expectations by 3.2%. It was a disappointing quarter as it posted a significant miss of analysts’ revenue estimates and a significant miss of analysts’ adjusted operating income estimates.

As expected, the stock is down 36.5% since the results and currently trades at $10.97.

Read our full analysis of Lucid’s results here.

Tesla (NASDAQ:TSLA)

Originally founded by Martin Eberhard and Marc Tarpenning in 2003, Tesla (NASDAQ:TSLA) is an electric vehicle company accelerating the world’s transition to sustainable energy.

Tesla reported revenues of $28.1 billion, up 11.6% year on year. This result surpassed analysts’ expectations by 5.7%. Zooming out, it was a satisfactory quarter as it also produced an impressive beat of analysts’ revenue estimates but a significant miss of analysts’ EPS estimates.

The stock is up 1.7% since reporting and currently trades at $446.85.

Read our full, actionable report on Tesla here, it’s free.

General Motors (NYSE:GM)

Founded in 1908 by William C. Durant, General Motors (NYSE:GM) offers a range of vehicles and automobiles through brands such as Chevrolet, Buick, GMC, and Cadillac.

General Motors reported revenues of $48.59 billion, flat year on year. This number topped analysts’ expectations by 7.9%. Overall, it was an incredible quarter as it also recorded a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ adjusted operating income estimates.

The stock is up 43.6% since reporting and currently trades at $83.28.

Read our full, actionable report on General Motors here, it’s free.

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