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Zacks News
Westport (WPRT) Q2 Loss Narrower Than Expected, Revenues Up
by Zacks Equity Research
Westport (WPRT) incurs a loss in the second quarter that compares unfavorably with the year-ago profit figure. The top line sees a nominal increase.
American Axle (AXL) Q2 Earnings & Revenues Beat Estimates
by Zacks Equity Research
American Axle (AXL) registers a decline in its bottom line while its top line increases year over year. It revises FY'22 view.
Tesla (TSLA) Stock Split With Stock Dividend to Aid Share Price
by Zacks Equity Research
Tesla (TSLA) announces a 3-for-1 stock split with a stock dividend effective on Aug 25. It will make the stock accessible to retail investors and might buoy its share price.
Standard Motor (SMP) Q2 Earnings Miss, Revenues Increase Y/Y
by Zacks Equity Research
Standard Motor's (SMP) bottom line registers a decline in the second quarter while its top line grows year over year. It announces a quarterly dividend of 27 cents.
Carvana (CVNA) Q2 Loss Wider Than Expected, Revenues Miss
by Zacks Equity Research
Carvana (CVNA) incurs a loss in the second-quarter but the top line rises year over year. Gross profit across the units declines.
Tenneco's (TEN) Q2 Loss Wider Than Expected, Sales Beat
by Zacks Equity Research
Tenneco (TEN) incurs a loss of 82 cents in the second quarter. Adjusted EBITDA declines year over year across all segments. Its top line sees year-over-year growth.
Allison (ALSN) Q2 Earnings & Sales Miss, FY'22 View Modified
by Zacks Equity Research
Allison (ALSN) registers solid growth in its top and bottom lines in the second quarter. Both of its Off-Highway end markets record an impressive rise in sales.
Nikola (NKLA) to Acquire Romeo for In-House Battery Packs
by Zacks Equity Research
Nikola (NKLA) announces a $144 million deal to buy the battery developer Romeo to build in-house battery packs in a bid to spur EV efforts.
Lear (LEA) Q2 Earnings Beat Estimates, Revenues Increase Y/Y
by Zacks Equity Research
Lear's (LEA) top line increases year over year while the bottom line sees a steep fall in the second quarter. Lear acquires automotive seat heating supplier, IGB, in the quarter.
Cummins (CMI) Q2 Earnings & Sales Beat Estimates, Rise Y/Y
by Zacks Equity Research
Cummins (CMI) registers robust growth in its top and bottom lines in second-quarter 2022. Sales across all segments except the Components unit increase year over year.
Has Genuine Parts (GPC) Outpaced Other Auto-Tires-Trucks Stocks This Year?
by Zacks Equity Research
Here is how Genuine Parts (GPC) and Harley-Davidson (HOG) have performed compared to their sector so far this year.
Group 1 (GPI) Q2 Earnings & Sales Beat Estimates, Rise Y/Y
by Zacks Equity Research
Group 1 (GPI) put up an impressive performance in second-quarter 2022, with both the top and bottom lines registering robust year-over-year growth. Sales also rise across all of its business units.
Magna's (MGA) Q2 Earnings Miss Estimates, Revenues Beat
by Zacks Equity Research
Magna's (MGA) bottom line significantly declines year over year. Adjusted EBIT sees the negative impact of chip woes and high costs. A quarterly dividend of 45 cents is declared.
CNH Industrial (CNHI) Q2 Earnings Beat, Declares $300M Buyback
by Zacks Equity Research
CNH Industrial's (CNHI) bottom line increases year over year. Segment revenues, income and EBIT see growth. The company announces a $300 million share buyback.
Looking for a Growth Stock? 3 Reasons Why Genuine Parts (GPC) is a Solid Choice
by Zacks Equity Research
Genuine Parts (GPC) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Asbury's (ABG) Record Q2 Earnings and Sales Beat Estimates
by Zacks Equity Research
Asbury (ABG) reports all-time high EPS in the second quarter. The top and bottom lines see robust year-over-year growth.
Sonic's (SAH) Earnings Miss Estimates in Q2, Revenues Up Y/Y
by Zacks Equity Research
Sonic's (SAH) bottom line shrinks year over year while its top line sees growth. EchoPark segment reports record quarterly revenues, with growth of 12% from a year ago.
Harley-Davidson (HOG) Q2 Earnings Beat, Sales Shrink Y/Y
by Zacks Equity Research
Harley-Davidson's (HOG) bottom line registers year-over-year growth, but top line falls in second-quarter 2022. Revenues from its major business unit, Motorcycles and Related Products, shrink.
Genuine Parts Company (GPC) Soars to 52-Week High, Time to Cash Out?
by Zacks Equity Research
Genuine Parts (GPC) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Genuine Parts' (GPC) Q2 Earnings Maintain Beat Streak
by Zacks Equity Research
Genuine Parts (GPC) puts up a stellar Q2 show, with earnings and sales surpassing estimates as well as rising year over year. Encouragingly, the company also lifts its 2022 view.
Genuine Parts (GPC) Q2 Earnings and Revenues Surpass Estimates
by Zacks Equity Research
Genuine Parts (GPC) delivered earnings and revenue surprises of 8.91% and 6.39%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
What's in Store for Genuine Parts (GPC) This Earnings Season?
by Zacks Equity Research
The Zacks Consensus Estimate for Genuine Parts' (GPC) Q2 earnings and revenues is pegged at $2.02 and $5.27 billion, respectively.
Ferrari (RACE) to Begin EUR 150M First Tranche of Share Buyback
by Zacks Equity Research
Ferrari (RACE) is set to commence the first tranche of its new 2-billion euros share buyback program. The tranche will be executed through a bank and the New York Stock Exchange.
Nissan (NSANY) Recalls 300K+ SUVs in US Over Hood Glitch
by Zacks Equity Research
Nissan (NSANY) announces a recall impacting more than 300,000 Pathfinder SUVs in the U.S. over a malfunctioning hood that may increase the risk of a crash by obstructing the driver's view.
Ford (F) Eliminates End-of-Lease Buyout Options for its EVs
by Zacks Equity Research
Ford (F) announces the removal of buyout options at the end-of-lease period for all its EVs. The changes to its lease policy will support its EV battery recycling and materials.