Automotive

3 Undervalued Automotive Stocks to Scoop Up Now By StockNews


© Reuters. 3 Undervalued Automotive Stocks to Scoop Up Now

New car sales plunged amid the COVID-19 pandemic, but the automotive industry seems now to be on a path to recovery. So, we think it is wise to bet on undervalued automotive companies Oshkosh (NYSE:), AutoNation (NYSE:), and Isuzu Motors (ISUZY) to reap maximum benefits. Let’s discuss.Global car sales fell sharply amid the COVID-19 pandemic as people retreated to their homes, where they spent most of their time under lockdown mandates with nary a thought for automobile purchasing. With the gradual economic recovery, however, companies in the sector are witnessing increase in demand. In fact, in March, the U.S. vehicle market witnessed a strong recovery and saw its first quarter 2021 sales rebound to pre-pandemic levels.

Governments worldwide are pushing for increased use of electric vehicles (EVs) to transition their countries to a clean energy future. The demand for conventional,

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Penske Automotive Group Inc (PAG) Q1 2021 Earnings Call Transcript

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Image source: The Motley Fool.

Penske Automotive Group Inc (NYSE:PAG)
Q1 2021 Earnings Call
Apr 28, 2021, 2:00 p.m. ET

Contents:

  • Prepared Remarks
  • Questions and Answers
  • Call Participants

Prepared Remarks:

Operator

Good afternoon, ladies and gentlemen. Welcome to the Penske Automotive Group First Quarter 2021 Earnings Conference Call. Today’s call is being recorded and will be available for replay approximately one hour after completion through May 5, 2021, on the company’s website under the Investors tab at www.penskeautomotive.com. I will now introduce Anthony Pordon, the company’s Executive Vice President of Investor Relations and Corporate Development. Sir, please go ahead.

Anthony R. PordonExecutive Vice President of IR & Corporate Development

Thank you, Maria. Good afternoon, everyone, and also thank you for joining us today. A press release detailing Penske Automotive Group’s first quarter 2021 financial results was issued this morning and is posted on our website

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10 Best Automotive Stocks to Invest in Now

In this article we will take a look at the 10 best automotive stocks to invest in now. You can skip our comprehensive analysis of these stocks and go directly to the 5 Best Automotive Stocks to Invest in Now.

Global car sales took a major battering due to the COVID-19 pandemic last year as the lockdown restrictions dramatically decreased demand for new vehicles. According to research by credit rating agency Moody’s, automotive unit sales plunged almost 16% in 2020, beating projections of a 14% drop at the beginning of the coronavirus crisis. This was the sharpest decline in car sales in many decades, even beating the 9% crash witnessed following the 2009 financial crisis. However, the rating agency forecast that sales would rebound in 2021.

London-based information provider IHS Markit Ltd. (NYSE: INFO) estimates that the rebound is likely to result in a 9% year-on-year improvement

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Client Stories Names Finest Automotive In Every Section For 2018

Lots of the changes occurring within the automotive market today, including tightened credit markets in a capital-intensive business and increased authorities involvement are the newest international challenges. A 1,250 cc Screamin’ Eagle version of the Revolution engine was made out there for 2005 and 2006, and was present thereafter in a single manufacturing model from 2005 to 2007. In 2008, the 1,250 cc Revolution Engine turned commonplace for the entire VRSC line. Harley-Davidson claims 123 hp (ninety two kW) at the crank for the 2008 VRSCAW mannequin. The VRXSE Destroyer is supplied with a stroker (75 mm crank) Screamin’ Eagle 79 cubic inch (1,300 cc) Revolution Engine, producing more than one hundred sixty five hp (123 kW).

Indonesia automotive business has developed quickly over the years and continues to grow. The problems facing your administration staff in the present day are becoming increasingly advanced and complex as competition intensifies and … Read More