Sat, Oct. 22, 10:42 AM
- While Tesla Motors (NASDAQ:TSLA) may have grabbed some headlines this week for its ambitious goals with autonomous driving (SAE level 5), the technology is being widely discussed across industries as a potential future reality.
- At a real estate conference in New York this week, a panel member called autonomous vehicles the biggest tech news concerning real estate in the last ten years. Some see a future reversal of urbanization trends in a development that could have significant investment implications.
- City planners and architects are already thinking of next-gen design. A paper titled "Beyond Google's Cute Car" (.pdf version) is a good example of how cities are being reimagined.
- Then there's this from the man who designed the 2015 Ford Mustang. "The next 10 years in this business is going to be the biggest change and challenge since the turn of the last century when cars took over for horses," said Ford design chief Moray Callum. Ford (NYSE:F) aims to have a high-volume, fully autonomous SAE level 4-capable vehicle in commercial operation in 2021.
- Self-driving car development is a topic of discussion on FedEx (NYSE:FDX), UPS (NYSE:UPS), Lyft (Private:LYFT), Uber (Private:UBER), Hertz Global (NYSE:HTZ), Google (GOOGL, GOOG), Avis Budget (NASDAQ:CAR), Domino's Pizza (NYSE:DPZ) and Nvidia (NASDAQ:NVDA). Earnings season is just heating up, but a host of companies -- including OTCPK:TMOAF, OTCPK:DDAIF, OTCPK:VOLVY, MXIM, CPRT, WBC, GNTX and XLNX -- have already talked up the trend on their conference calls. GM reports earnings this week and will update on any self-driving Chevy Bolt plans.
- Looking ahead, insurance companies, chipmakers, truckers and cybersecurity firms (NYSEARCA:HACK) will be firmly in the self-driving conversation.
- So who has a profitable trade idea off of the evolution of cars?
Thu, Oct. 20, 9:56 AM
- Gentex (GNTX +1.7%) reports Automotive net sales rose 11% to $419.8M in Q3, due to 9% sequential increase in auto-dimming mirror unit shipments .
- Total auto-dimming mirror units +789 Y/Y to 9,113.
- Gross margin rate improved 150 bps to 40.5% driven by purchasing cost reductions and favorable product mix.
- Operating margin rate expanded 140 bps to 31.2%.
- Q4 Guidance: Revenue: +5% to +10%.
- FY2016 Guidance: Net sales: $1.68B to $1.71B; Gross margin rate: 39.3% to 39.7%; Opex: $152M to $157M; Tax rate: 31.5% to 32.5%; Capex: $115M to $130M; D&A: $90M to $100M.
Thu, Oct. 20, 8:01 AM
Wed, Oct. 19, 5:30 PM
Tue, Oct. 11, 9:33 AM
- The German Bundesrat has fired a warning shot across the automobile industry that is yet another indication that seismic changes could be coming down the road.
- In a vote intended to pressure the EU, the Bundesrat approved a measure to ban gas and diesel vehicles by 2030. The Bundesrat doesn't set policy across Europe, but is considered influential.
- Naturally, the fact that the push is coming from the home of Mercedes, BMW, and Volkswagen also adds a degree of intrigue to the news and the underlying electrification push out of the trio.
- Wall Street analysts with their 1-year price target mindset haven't weighed in on the development, but there's plenty of discussion on Seeking Alpha about the implications.
- Previously: Germany says nein to internal combustion engines (Oct. 10)
- Related auto parts stocks: ACW, ALSN, ALV, AXL, BWA, CAAS, CPS, DAN, DLPH, DORM, FDML, FENX, GNTX, JCI, LDL, LEA, LKQ, MBLY, MLR, MNRO, MOD, MPAA, MPG, MTOR, PLOW, SMP, SRI, STRT, SUP, STRT, TEN, THRM, TEN, TOWR, UFAB, VC, VOXX, WBC, ZX.
Wed, Aug. 31, 8:13 AM
Fri, Jul. 22, 8:01 AM
Thu, Jul. 21, 5:30 PM
Thu, May 19, 4:49 PM
Fri, Apr. 22, 8:40 AM
- Gentex (NASDAQ:GNTX) reports Automotive net sales rose 9% to $394M in Q1, primarily due to 11% increase in auto-dimming mirror unit shipments.
- Total auto-dimming mirror units +894 Y/Y to 8,827.
- Dimmable aircraft window sales increased 42% and fire protection products +36% during the quarter.
- Gross margin rate improved 30 bps to 39.1%.
- Operating margin rate grew 60 bps to 29.8%.
Fri, Apr. 22, 8:04 AM
- Gentex (NASDAQ:GNTX): Q1 EPS of $0.28 in-line.
- Revenue of $405.57M (+9.9% Y/Y) beats by $0.95M.
Thu, Apr. 21, 5:30 PM
Wed, Apr. 20, 10:43 AM
- Baird notes that North American automobile production was up 5% in Q1 to top expectations. Production schedules for Q2 point to 3% growth.
- Strong gains in truck and SUV builds underpinned the growth, while inventory levels have held steady on consistent consumer demand.
- Baird thinks the trend looks favorable through the summer season.
- Suppliers rated at Overweight: ALV, BWA, DLPH, HAR, JCI, MBLY, VC.
- Suppliers rated at Neutral: GNTX, MEI, MPG.
- Baird analyst David Leiker ranks #240 out of 8,906 analysts on TipRanks.
- Now read Shifting The Gears On Auto Industry Growth
Thu, Feb. 25, 8:14 AM
- Gentex (NASDAQ:GNTX) declares $0.085/share quarterly dividend, in line with previous.
- Forward yield 2.37%
- Payable April 17; for shareholders of record April 7; ex-div April 5.
Thu, Jan. 28, 8:36 AM
- Gentex (NASDAQ:GNTX) reports Automotive net sales rose 16% to $395.9M, primarily due to a 17% increase in auto-dimming mirror unit shipments.
- Total auto-dimming mirror units +1,254 Y/Y to 8,555.
- Gross margin rate improved 180 bps to 40.2%.
- Operating margin rate increased 310 bps to 31.2%.
- FY2016 Guidance: Net sales: $1.64B to $1.72B; Gross margin: 38.5% to 39.5%; Opex: $152M to $160M; Tax rate: 31.5% to 32.5%; Capex: $115M to $130M; D&A: $90M to $100M.
- Q4 results
Thu, Jan. 28, 8:06 AM
- Gentex (NASDAQ:GNTX): Q4 EPS of $0.30 beats by $0.03.
- Revenue of $405.6M (+15.8% Y/Y) beats by $13.24M.