|Bid||0.00 x 3200|
|Ask||19.90 x 1100|
|Day's range||18.98 - 19.64|
|52-week range||10.53 - 24.95|
|PE ratio (TTM)||6.68|
|Forward dividend & yield||N/A (N/A)|
|1y target est||28.92|
In May, Fiat Chrysler Automobiles’ (FCAU) total European sales were 110,100 units. That’s a minor rise of 0.2% from 109,800 in May 2017.
A glitch in its vehicles’ cruise-control feature has vaulted Fiat Chrysler Automobiles NV to the No. 1 spot in a category in the U.S. most car companies want to avoid: recalls. The Italian-U.S. auto maker launched a recall campaign in late May to address a flaw in more than five million vehicles that could prevent drivers from canceling cruise control should an “unlikely sequence of events” occur, the company said. The malfunction risks causing a vehicle to maintain a set speed even when a motorist taps the brakes or flips a switch to turn off cruise control.
While the vast majority of the automotive industry is worried about plateauing sales, this automaker will thrive regardless. Here's why.
Last week, Fiat Chrysler stock (FCAU) fell 1.4% to settle at $20.85, marking its sixth consecutive week of downward movement. In the previous week, the stock fell ~1.9%.
Valuation multiples are often used by investors to compare auto companies similar in size or business nature. Let’s compare valuation multiples for mainstream auto companies Ford (F), Toyota (TM), General Motors (GM), and Fiat Chrysler (FCAU).
Last week (ended June 8), Fiat Chrysler stock (FCAU) fell 1.9% to settle at $21.15, marking its fifth consecutive week of decline. In the previous week, the stock fell ~1.2%.
Last week (ended June 8), the broader market traded positively, and the S&P 500 rose 1.6%. On June 9, Donald Trump tweeted about the possibility of raising US tariffs on automobile imports from Canada. Nonetheless, auto stocks continued to inch up on June 11, supported by the broader market rallying ahead of the US-North Korea summit in Singapore. Continued strong US demand for trucks and SUVs and a recent decline in crude oil prices could be some other factors driving optimism toward auto stocks in June. Let’s take a closer look.
Mining giant Vale will invest roughly $1.54 billion to launch underground nickel mining operations in Canada as demand for battery minerals booms, driven by electric cars.
In 2017, Fiat Chrysler stock (FCAU) impressed investors by returning 96.4%, the most among auto stocks. After falling 0.4% in Q4 2017, the stock turned positive again in the first quarter of this year, returning 15% and outperforming peers (IYK) General Motors (GM), Ford (F), and Toyota (TM).
According to recent Reuters data, 46% of 24 analysts covering Fiat Chrysler (FCAU) stock gave it “buy” recommendations. In comparison, about 55% and 50% of analysts covering Toyota (TM) and Honda (HMC) had “buy” ratings, respectively. TM and HMC are currently covered by 22 and 20 analysts, respectively.
The Zacks Analyst Blog Highlights: Ford Motor, Fiat Chrysler Automobiles, Navistar International, Thor Industries and General Motors
Low unemployment and robust consumer confidence reduce the impact of rising interest rates and fuel prices along with the rise in May U.S. auto sales.
In May 2018, Fiat Chrysler Automobiles (FCAU) sold 2,377 car units of its luxury brand, Alfa Romeo, in the US market against just 919 car units sold in May 2017. This sharp increase in Alfa Romeo sales can be attributed to solid demand for the company’s recent Stelvio SUV and Giulia launches. Last month, Fiat Chrysler’s US small car sales fell by 8%, while its utility vehicle sales rose 27% YoY (year-over-year).
In May, Fiat Chrysler Automobiles’ (FCAU) total US sales rose to 214,294 vehicles, which was about 11% higher from the company’s US sales of 193,040 vehicle units in May of 2017 and about 16% higher than 184,149 units sold in April 2018. Notably, May was the second consecutive month that FCAU’s sales recovered YoY (year-over-year) in the US market after 18 consecutive months of YoY drops.
According to Autodata, US auto sales on a SAAR (seasonally adjusted annual rate) basis stood at 16.9 million units in May 2018 compared to 16.8 million units in May 2017. This positive YoY (year-over-year) growth could be one of the reasons why most of the US auto stocks are trading on a positive note in May.
TURIN, Italy—The Italian family behind Fiat Chrysler and Ferrari has dominated Italian industry for more than a century. Now it wants to make a name for itself by investing in tech startups. Exor NV—the holding company through which the Agnelli family control Fiat Chrysler Automobiles NV and Ferrari NV—has set aside $100 million to invest through a new venture called Exor Seeds.
U.S. new-vehicle sales have posted a surprise gain through May, but will that last throughout 2018? And what's driving sales higher right now?
Today we’re going to take a look at the well-established Fiat Chrysler Automobiles NV. (BIT:FCA). The company’s stock saw a decent share price growth in the teens level on theRead More...
Vehicles sales in the United States up an estimated 2% in May 2018. Robust consumer confidence and low unemployment help in lowering the impact of rising fuel prices and interest rates.
While GM and Ford are developing AV cars with smart mobility and ride-sharing services in mind, Fiat Chrysler is relying on its partner Waymo to provide technology for its self-driving cars. Now let’s take a look at Tesla’s (TSLA) position and plans for AV development.
The U.S. auto industry has had a bumpy ride so far this year, with sales down in February, up in March and again down in April. Yet the auto industry is on steady track.
Jun.07 -- Steve Sosnick, Interactive Brokers chief options strategist, discusses his options strategy with Bloomberg's Julie Hyman on "Bloomberg Markets."