Save time and jump to the most important pieces.
| Company | Date | Price Target | Rating | Analyst |
|---|---|---|---|---|
| 11/19/2024 | $5.30 | Reduce → Hold | HSBC Securities | |
| 11/11/2024 | $5.50 → $4.50 | Outperform | Telsey Advisory Group | |
| 11/8/2024 | $20.00 → $13.00 | Buy → Neutral | BofA Securities | |
| 9/25/2024 | $16.00 → $13.00 | Overweight → Equal-Weight | Morgan Stanley | |
| 9/10/2024 | $14.00 | Hold | Deutsche Bank | |
| 9/10/2024 | $6.00 | Hold | Deutsche Bank | |
| 9/10/2024 | $1.50 | Hold | Deutsche Bank | |
| 9/5/2024 | Underperform | Wolfe Research |
Holley Performance Brands (NYSE:HLLY), a leader in automotive aftermarket performance solutions, today announced that senior management will participate in the following investor conferences: Raymond James TMT & Consumer Conference December 11, 2024 Company Presentation at 8:40–9:10 AM EST / 7:40–8:10 AM CST New York, NY Truist Securities Gaming, Lodging, Leisure and Restaurants Summit December 12, 2024 Boston, MA Management will be conducting one-on-one meetings with investors in attendance at both conferences. If you would like to schedule a meeting with management at either of the above events, please contact our Investor Relations team at [email protected]. The presentati
Marks MidOcean's Fourth Investment in the Auto Aftermarket Space MidOcean Partners ("MidOcean"), a premier New York-based alternative asset manager specializing in middle-market private equity, structured capital, and alternative credit investments, announced today the acquisition of Arnott Industries ("Arnott" or the "Company"). Arnott is a North American and European leader in suspension technologies and a designer, developer, manufacturer and distributor of air suspension systems and suspension components for the automotive aftermarket. Financial terms of the transaction were not disclosed. Since its founding in 1989, Arnott has established itself as a global industry leader in engin
JUSTIN, Texas and LONDON, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ:GOEV), a high-tech advanced mobility company, today announced a new service, maintenance, and repair (SMR) agreement with Northside Truck & Van Ltd. ("Northside"), a premier automotive service provider in the United Kingdom. With a current aftersales portfolio of over 280 garages in the country, Northside will provide support and maintenance of Canoo's light commercial vehicles (LCVs) for commercial fleet and government customers including 24/7/365 maintenance service availability in the United Kingdom. With the growing demand for sustainable commercial transportation solutions, Canoo is at the forefront of pro
Honda Motor Co. (NYSE:HMC) will reduce its production of gasoline vehicles in China by 19% starting this October, marking a strategic shift toward electric vehicles. The Japanese automaker will cease operations of one production line at its joint venture Dongfeng Honda, which has an annual capacity of 240,000 units, beginning in November. Additionally, in October, GAC Honda, another of its facilities with a capacity of 50,000 units annually, will be completely shut down. These changes are part of Honda's effort to accelerate the “steady shift” to EVs, reported Bloomberg. Honda’s production capacity in China, currently around 1.5 million units, will see a reduction of 19% due to
U.S. stock futures were lower this morning, with the Nasdaq futures dipping around 0.5% on Thursday. Shares of Ford Motor Company (NYSE:F) fell sharply in today's pre-market trading following a second-quarter earnings miss. Ford reported second-quarter revenue of $47.8 billion, up 6% year-over-year. The revenue beat a Street consensus estimate of $44 billion according to data from Benzinga Pro. The company reported quarterly earnings per share of 47 cents, missing a Street consensus estimate of 68 cents. Ford Motor shares dipped 13% to $11.90 in the pre-market trading session. Here are some big stocks recording losses in today's pre-market trading session. Edwards Lifescience
In the wake of second-quarter earnings announcements, shares of leading automakers such as Ford Motor Company (NYSE:F), Tesla Inc. (NASDAQ:TSLA), and General Motors Company (NYSE:GM) experienced a downturn on Thursday. What Happened: Tesla’s shares fell by 2.03%, Rivian Automotive Inc‘s (NASDAQ:RIVN) by 3.13%, and GM’s by 1.91%. Stellantis NV (NYSE:STLA) and Ford suffered the most significant declines at 6.84% and 13.46%, respectively, according to Benzinga Pro data. Despite a modest 2% increase in revenue, Tesla’s second-quarter earnings per share did not meet expectations. Investors expressed concerns about a lower-than-expected auto gross margin and free cash flow. CEO Elon Musk’s c
4 - MOTORCAR PARTS OF AMERICA INC (0000918251) (Issuer)
4 - MOTORCAR PARTS OF AMERICA INC (0000918251) (Issuer)
4 - MOTORCAR PARTS OF AMERICA INC (0000918251) (Issuer)
144 - QuantumScape Corp (0001811414) (Subject)
144 - QuantumScape Corp (0001811414) (Subject)
144 - QuantumScape Corp (0001811414) (Subject)
Marks MidOcean's Fourth Investment in the Auto Aftermarket Space MidOcean Partners ("MidOcean"), a premier New York-based alternative asset manager specializing in middle-market private equity, structured capital, and alternative credit investments, announced today the acquisition of Arnott Industries ("Arnott" or the "Company"). Arnott is a North American and European leader in suspension technologies and a designer, developer, manufacturer and distributor of air suspension systems and suspension components for the automotive aftermarket. Financial terms of the transaction were not disclosed. Since its founding in 1989, Arnott has established itself as a global industry leader in engin
Quarterly revenue of $0.9 million, and year-to-date revenue of $1.50 millionQuarterly Adjusted EBITDA was $(37.7) million, an improvement of 2% versus Q3 2023Adjusted Net Loss Per Share was $(0.54), a 67% improvement versus $(1.71) in Q3 2023 and comparable to $(0.61) per share in Q2 2024Quarterly cash outflow of $31.3 million in Q3 2024, compared to cash outflow of $39.4 million in Q2, 2024, a 20.7% reduction between Q3 and Q2 2024, and a 58.6% reduction from Q3 2023.Our consolidation of operations from California to Texas and Oklahoma will result in estimated future savings of approximately $12 million - $14 million on an annualized basis, with potential for additional savings. JUSTIN, Te
Cenntro Inc. (NASDAQ:CENN) ("Cenntro" or "the Company"), a pioneering electric commercial vehicle company with advanced, market-validated, and purpose-built vehicles, has reported its financial and operational results for the third quarter ended September 30, 2024. Third Quarter 2024 Financial and Operational Highlights: Third quarter 2024 net revenue of $16.7 million increased 190% compared to $5.8 million for the third quarter of 2023. United States ("US") sales volume increased to $10.3 million in the third quarter of 2024 from $0.2 million for the third quarter of 2023. Adjusted EBITDA loss for the third quarter of 2024 of $7.5 million compared to a loss of $12.1 million for
Recently, on June 17, 2024, Director Bison Capital Partners Vi, L.P. made a significant move by purchasing $874,000 worth of Motorcar Parts of America Inc. shares. This purchase consisted of 150,000 units at a price of $5.83 per share, marking a substantial increase in direct ownership by 150% to 250,000 units as reported in SEC Form 4. The timing and scale of this insider purchase are noteworthy as it indicates a strong belief in the company's future prospects. Examining the series of insider transactions involving Motorcar Parts of America Inc. insiders, there seem to be interesting patterns emerging. In particular, Ferguson Joseph Edwin, Rankin Jamy P., and Gay Philip all converted optio
On June 18, 2024, Director Bison Capital Partners Vi, L.P. bought $116,319 worth of shares (20,300 units at $5.73), increasing their direct ownership by 8% to 270,300 units, as reported in SEC Form 4. This insider purchase indicates a strong show of confidence in the future prospects of Motorcar Parts of America Inc. When analyzing this transaction alongside other recent activities by company insiders, some interesting patterns emerge. Gay Philip converted options into 6,596 shares, increasing his direct ownership by 18% to 42,576 units back on November 16, 2023. This move indicated a bullish sentiment from an insider perspective. However, not all insider activities were positive. Borneo R
3 - Canoo Inc. (0001750153) (Issuer)
3 - Canoo Inc. (0001750153) (Issuer)
4 - QuantumScape Corp (0001811414) (Issuer)
HSBC Securities upgraded QuantumScape Corporation from Reduce to Hold and set a new price target of $5.30
Telsey Advisory Group reiterated coverage of Holley Inc. with a rating of Outperform and set a new price target of $4.50 from $5.50 previously
BofA Securities downgraded Rivian Automotive from Buy to Neutral and set a new price target of $13.00 from $20.00 previously
IQHQ, Inc., a premier life science real estate development company, has announced the signing of premium retail leases and an event space operator at RaDD, IQHQ's transformative life science district on San Diego's downtown waterfront. These new, high-quality partnerships total approximately 50% of the district's nearly 200,000 square foot retail footprint. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241003314143/en/Rivian Showroom at RaDD. Courtesy IQHQ / Photo by Sudenim Visual Media "RaDD is a premier district designed to benefit both the industry we serve and the broader community with world-class shopping, dining, events,
Canoo to establish first European location in Bicester Motion allowing UK customers to experience and test drive Canoo's right-hand drive commercial electric vansCanoo's expansion poised to capitalize on the strong demand in the light commercial vehicle (LCV) market JUSTIN, Texas, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Canoo Inc. (NASDAQ:GOEV), a high-tech advanced mobility company, today announced the company's official launch into the United Kingdom market by establishing Canoo Technologies UK Limited, a new legal entity in the UK, marking a significant milestone in the company's global expansion strategy. Canoo has selected Bicester Motion, an iconic automotive campus, as a key loc
Polestar (NASDAQ:PSNY) continues to prepare itself for the next step in its development by appointing Jean-Francois Mady to the role of Chief Financial Officer (CFO), effective 21 October 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240903661914/en/Jean-Francois Mady (Photo: Business Wire) Jean-Francois brings 25 years of experience from senior, leading roles in automotive finance and financial services across Europe, China, Asia and India. Most recently he was Senior Vice President of Global Accounting Operations and Finance Transformation at Stellantis Group. He has also held several leadership roles at PSA Group. Je
SC 13G/A - Holley Inc. (0001822928) (Subject)
SC 13G - MOTORCAR PARTS OF AMERICA INC (0000918251) (Subject)
SC 13G - Rivian Automotive, Inc. / DE (0001874178) (Subject)
