Tag: Q2 earnings
TrueCar’s net losses shrink despite CDK Global cyberattack impact
TrueCar reported improved financial results in the second quarter despite facing vehicle sales slowdowns among dealers affected by the CDK Global cyberattacks. The vehicle...
Tesla to report Q2 earnings amid decline in deliveries and investor...
Tesla will report its second-quarter earnings after the bell today. This follows a July 2 report on vehicle deliveries that, while better than analysts...
EV maker Polestar doubles revenue to $1 billion in first-half of...
Polestar is positioning itself to be a dominant force in the EV market. The company announced newly updated financials for the first half of...
Rivian Automotive’s Q2 revenue exceeds expectations, delivers 4,467 vehicles
In a letter to shareholders, electric vehicle maker Rivian Automotive reported that revenue in the second quarter outperformed Wall Street expectations but went on to say...
Vroom revenues fall 38% in Q2, missing consensus EPS estimates
Vroom exceeded Wall Street expectations for its second-quarter earnings. The retailer reported a $0.83 decrease per share and a loss of $115.1 million. However, earnings...
Carvana posts $439 M net loss for Q2, sales volume increases
Last Thursday, Carvana completed its second-quarter earnings call between the company, shareholders, and analysts to discuss performance and corporate activities. According to an official...
Lucid Motors decreases EV production target by 50%
Supply chain problems continue to affect automakers, including Lucid Motors, who once again slashed EV production goals for the year. Shares of the vehicle...
Sonic Automotive reports all-time record revenues and gross profit for Q2
Sonic Automotive has reported its second quarterly earnings. According to a press release, Sonic Automotive had an all-time record adjusted earnings of $3.7 billion,...
Ford Q2 earnings surpass expectations, raises shareholder dividend 50%
Despite trouble with the global supply chain, Ford's adjusted earnings has tripled from a year ago to $3.7 billion as it increases deliveries. After the news was released,...
Penske Automotive reports its most profitable quarter to date
Penske Automotive Group has reported its quarterly earnings for Q2 2022. According to a recent press release, Penske produced an all-time record for earnings...
