Stellantis NV ($STLA) Stock Forecast: Down 7.8% Today

What is Stellantis NV?

Stellantis N.V. (STLA) is a multinational automotive manufacturer formed through the merger of Fiat Chrysler Automobiles and PSA Group. The company produces a wide range of vehicles under various brands.

Why is Stellantis NV going down?

STLA stock is down 7.8% on Jul 25, 2024 17:14

• STLA stock experienced a strong bearish movement following disappointing earnings reports, along with other major U.S. automotive stocks like Ford and GM.
• The decline in STLA shares can be attributed to missing earnings expectations, potentially due to warranty problems.
• The market punished traditional automakers like STLA due to industrywide uncertainty and individual issues, indicating a lack of investor confidence in the sector.
• Despite reporting a net profit and positive operating income margin, the decline in net revenues for the first half of 2024 may have contributed to the negative market sentiment towards STLA.

STLA Price Chart

STLA News

Stellantis N.V. (STLA) Q2 2024 Earnings Call Transcript

No summary available.

https://seekingalpha.com/article/4706633-stellantis-n-v-stla-q2-2024-earnings-call-transcript?source=feed_all_articles

Ford, GM, Stellantis stocks fall after disappointing earnings reports

The post Ford, GM, Stellantis stocks fall after disappointing earnings reports appeared on BitcoinEthereumNews.com . A Ford Bronco on display at the New York International Auto Show on March 28, 2024. Danielle DeVries | CNBC DETROIT – Ford Motor is leading a decline in major U.S. automotive stocks this week amid disappointing results and investor skepticism around future performance. Shares of Ford were off by more than 17% in early trading Thursday – on pace for their worst decline since 2009 – after missing Wall Street’s bottom-line earnings expectations due to warranty problems, a reoccurring issue with the company. Shares of General Motors and Stellantis were notably off as well after reporting their results this week. Shares of Tesla, which reported results Tuesday afternoon, were up slightly Thursday after their largest daily decline since 2020 on Wednesday. The traditional “Detroit” automakers — Ford, GM and Stellantis — were punished partially due to industrywide uncertainty, but more so in response to individual issues.

https://bitcoinethereumnews.com/finance/ford-gm-stellantis-stocks-fall-after-disappointing-earnings-reports/

Ford, Stellantis shares tumble following massive earnings miss

CNBC''s Phil LeBeau reports on Ford and Stellantis'' quarterly earnings results.

https://www.cnbc.com/video/2024/07/25/ford-stellantis-shares-tumble-following-massive-earnings-miss.html

Stellantis ready to axe brands and fix US problems, says CEO Tavares

Stellantis is taking steps to fix weak margins and high inventory at its US operations and will not hesitate to axe underperforming brands in its sprawling portfolio, its CEO Carlos Tavares said on Thursday

https://www.timeslive.co.za/motoring/news/2024-07-25-stellantis-ready-to-axe-brands-and-fix-us-problems-says-ceo-tavares/

With Important Product-Led Transition Year Underway, Stellantis Delivers €5.6 Billion Net Profit, €8.5 Billion AOI(1) and 10% AOI Margin(2) in the First Half of 2024

Net revenues of €85.0 billion, down 14% compared to H1 2023, primarily due to the decline in volume

https://lulop.com/en_EN/post/show/301100/with-important-product-led-tra.html

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Stellantis NV Price History

14.05.2024 - STLA Stock was down 5.1%

• STLA faced a downturn, possibly due to the CEO's dissatisfaction with the operation of some U.S. plants, along with challenges related to lower shipments and declining revenues.
• CEO Carlos Tavares admitting to not acting promptly to address issues like inventory backup and suboptimal marketing may have contributed to investor worries and the negative market movement.
• The CEO's recognition of past mistakes and the need to better compete with Chinese electric vehicles could indicate a tough path ahead for Stellantis, affecting investor trust and leading to the stock price decline.

25.06.2024 - STLA Stock was down 10.3%

• Reported disappointing financial results for the first half of 2024, with net revenue down 14% year over year to 85 billion euros and net profit dropping 48% to 5.6 billion euros.
• The announcement of 20 new vehicle launches this year was not enough to offset concerns about the decline in sales and profitability, leading to a bearish movement in the stock.
• The decision to spin off Comau with a majority investment from One Equity Partners might have been perceived as a move to address financial challenges, but it failed to boost investor confidence.
• The overall fears of a downturn in the automotive industry, as evidenced by poor results from another company, likely contributed to the negative sentiment surrounding Stellantis stock, leading to the significant decline.

25.06.2024 - STLA Stock was down 9.9%

• Stellantis (STLA) experienced a strong bearish movement today.
• Plans were announced to axe brands, implement output and price cuts after weak first-half results, and address issues in the US market.
• The company's net profit in the first half of the year halved, leading to a significant drop in share prices.
• The market reacted negatively to the news, with both Stellantis and Renault (another automotive company) witnessing a sharp decline in their stock prices, indicating broader concerns in the automotive industry.

25.06.2024 - STLA Stock was down 10.3%

• STLA stock saw a significant decline following disappointing earnings and concerns about a global automotive industry slowdown.
• The company's profits dropped, causing a notable decrease in its stock price as investors reacted negatively.
• Stellantis is dealing with challenges like excess inventory in North America, leading to considerations of production and pricing adjustments to address poor results.
• The CEO's mention of potential brand reductions and strategies to tackle issues in the US market demonstrates a proactive approach to resolving the company's challenges and regaining investor trust.

25.06.2024 - STLA Stock was down 7.8%

• STLA stock experienced a strong bearish movement following disappointing earnings reports, along with other major U.S. automotive stocks like Ford and GM.
• The decline in STLA shares can be attributed to missing earnings expectations, potentially due to warranty problems.
• The market punished traditional automakers like STLA due to industrywide uncertainty and individual issues, indicating a lack of investor confidence in the sector.
• Despite reporting a net profit and positive operating income margin, the decline in net revenues for the first half of 2024 may have contributed to the negative market sentiment towards STLA.

25.06.2024 - STLA Stock was down 8.7%

• Experienced a challenging first half of 2024 with a 14% drop in revenues, leading to a 48% decrease in net profit compared to the previous year.
• Mentioned the possibility of axing underperforming brands in the portfolio to address weak margins and high inventory in the US operations.
• Despite announcing a net profit of €5.6 billion and a 10% AOI margin in the first half of 2024, the results fell short of expectations, causing the stock to plunge.
• The spinoff of Comau with a majority investment from One Equity Partners could be seen as a strategic move to streamline operations and focus on core business areas, potentially impacting investor sentiment.