The most recent trading session ended with Aptiv PLC (APTV) standing at $72.11, reflecting a +0.77% shift from the previouse trading day's closing. The stock outpaced the S&P 500's daily gain of 0.25%. At the same time, the Dow added 0.2%, and the tech-heavy Nasdaq gained 0.56%.Shares of the company witnessed a loss of 0.74% over the previous month, trailing the performance of the Business Services sector with its gain of 3.75% and the S&P 500's gain of 1.65%.Market participants will be closely following th ...

Despite the slower growth, Aptiv managed to beat 2Q24 on margins, which shows the amount of flexibility the company has inAptiv (NYSE: APTV ) reported 2Q24 earnings which was as good as I could ask for given the current industry environment and sentiment.Outperforming the MarketOutperforming the Market is focused on helping you outperform the market while having downside protection during volatile markets by providing you with comprehensive deep dive analysis articles, the AI deep dive report, and access to ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?Developed along ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium includes access to the Zacks Style Sc ...

Group 1: Company Overview - Aptiv PLC (APTV) is positioned to benefit from the growing connected cars market, leveraging its smart architecture for competitive advantage [1][2] - The company reported mixed second-quarter 2024 results, with adjusted earnings of $1.58 per share, exceeding the Zacks Consensus Estimate by 15.3% and increasing 26.4% year over year [1] - Revenues for the same period were $5.1 billion, missing the Zacks Consensus Estimate by 5.1% and decreasing 2.9% year over year [1] Group 2: Market Trends and Opportunities - The demand for security in connected cars is driving automakers to seek advanced technologies, which is accelerating the growth of the driver-assistance system market [2] - Trends in electrification, connectivity, and autonomy in the automotive sector are expected to benefit Aptiv [2][3] - The company's smart architecture reduces wiring requirements, contributing to improved fuel efficiency and the addition of new features in vehicles [3] Group 3: Acquisitions and Growth Strategy - Aptiv has made several strategic acquisitions, including Hohle Ltd. in 2023 and Wind River in 2022, enhancing its capabilities in Signal and Power Solutions and automotive software solutions [3][4] - The company aims to continue investing in both organic and inorganic growth, with periodic acquisitions generating cost synergies and improving efficiency [4] - However, the company is facing rising costs due to ongoing investments and legal matters, which may delay revenue generation from these investments [4]

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies, including daily updates, research reports, and stock screens [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential for market outperformance over a 30-day period [2] Zacks Style Scores Overview - The Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [2][3][4] - Value Score emphasizes finding undervalued stocks using financial ratios like P/E and Price/Sales [2] - Growth Score assesses a company's financial health and future growth potential based on earnings and sales projections [3] - Momentum Score identifies stocks with favorable price trends and earnings outlooks [3] - VGM Score combines all three styles to highlight stocks with the best overall potential [4] Zacks Rank and Performance - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investment decisions, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [5] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal investment opportunities [6][7] Company Spotlight: Aptiv PLC - Aptiv PLC is a leading technology and mobility company serving the automotive sector, specializing in vehicle components and smart mobility solutions [8] - The company holds a Zacks Rank of 3 (Hold) and a VGM Score of A, indicating solid potential [8] - Aptiv is projected to experience a year-over-year earnings growth of 29.2% for the current fiscal year, supported by positive earnings estimate revisions [8] - The Zacks Consensus Estimate for Aptiv's earnings has increased by $0.20 to $6.28 per share, with an average earnings surprise of 10.7% [8][9]

Core Insights - Autonomous vehicle stocks represent a significant investment opportunity due to the integration of AI and transportation, promising a new era of mobility [1] - The demand for autonomous driving technology is increasing globally, driven by safety improvements, which is expected to boost stock prices in the coming years [1] Company Summaries Aptiv (APTV) - Aptiv is a leading player in autonomous driving technology with a diverse portfolio of hardware, software, and system solutions [3] - The company reported second-quarter GAAP revenue of $5.1 billion and net income of $938 million, resulting in a margin of 18.6% [3] - For the full year, Aptiv expects net income between $1.79 billion and $1.89 billion on net sales of $20.1 billion to $20.4 billion [3] - Despite strong financial results, Aptiv's stock is down 22.78% year-to-date and 35.02% over the past 12 months, but analysts forecast a potential price increase of 35.20% in the next year [4] Luminar Technologies (LAZR) - Luminar is a pioneer in lidar technology, essential for autonomous driving, with its Iris lidar system capable of mapping environments up to 300 meters [5] - The company reported a revenue increase of 45% to $20.97 million and reduced gross losses to $10.46 million [5] - Luminar's stock is down 53.85% year-to-date and 78.67% over the past 12 months, but analysts predict a potential price increase of 302.78% in the next year [6] Micron Technology (MU) - Micron is a leader in memory chip technology, crucial for autonomous driving systems, with increasing demand from auto manufacturers [7] - The company reported fiscal third-quarter revenue of $6.81 billion, up from $3.75 billion the previous year, and a net income of $332 million compared to a net loss of $1.90 billion [7] - Micron's stock has risen 12.58% year-to-date and 33.61% over the past year, with analysts forecasting a 77.20% increase in the next 12 months [8]

August 1, 2024 APTIV Second Quarter 2024 Earnings Call ·APTIV· Forward Looking Statements This presentation, as well as other statements made by Aptiv PLC (the "Company"), contain forward-looking statements that reflect, when made, the Company's current views with respect to current events, certain investments and acquisitions and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment, which ma ...

Financial Performance - Total net sales for the three months ended June 30, 2024, were $5.1 billion, a decrease of 3% compared to the same period in 2023[170]. - Total net sales for the six months ended June 30, 2024, were $10.0 billion, a decrease of 1% compared to the same period in 2023[170]. - Net sales for the three months ended June 30, 2024, decreased by 3% to $5,051 million compared to $5,200 million in the same period of 2023, primarily due to a 3% decline in volumes, particularly in Europe and North America[184]. - Total revenue for the six months ended June 30, 2024, was $9,952 million, a decrease from $10,018 million in the same period of 2023, reflecting a variance of $(66) million[205]. - Operating income for the three months ended June 30, 2024, increased to $441 million, up from $410 million in the same period of 2023, representing a favorable variance of $31 million[181]. - Net income attributable to Aptiv for the three months ended June 30, 2024, was $938 million, significantly higher than $242 million in the same period of 2023, marking an increase of $696 million[181]. - Adjusted Operating Income for the three months ended June 30, 2024, was $436 million, up from $392 million in the same period of 2023, an increase of $44 million[207]. - Adjusted Operating Income for the six months ended June 30, 2024, was impacted by $98 million in favorable pricing, net of contractual price reductions[209]. Production and Operations - Vehicle production for the six months ended June 30, 2024, was flat, down 1% on an Aptiv weighted market basis[172]. - Global automotive vehicle production increased by 9% from 2022 to 2023, but was flat for the first half of 2024[172]. - The ongoing semiconductor supply shortage has impacted production and the ability to meet vehicle production demands[174]. - Approximately 97% of the company's hourly workforce is located in best cost countries, providing flexibility to remain profitable throughout the production cycle[177]. - The number of vehicle recalls globally has increased, which may impact the company's operations and financial results[177]. Costs and Expenses - Selling, general and administrative expenses for the three months ended June 30, 2024, increased to $405 million (8.0% of net sales) from $353 million (6.8% of net sales) in the prior year, reflecting an unfavorable variance of $52 million[190]. - Cost of sales for the three months ended June 30, 2024, decreased by $253 million to $4,083 million compared to $4,336 million in the same period of 2023, primarily due to improved operational performance[186]. - Interest expense decreased to $64 million for the three months ended June 30, 2024, down from $72 million in 2023, reflecting the repayment of the Tranche A Term Loan in October 2023[194]. - The automotive industry is experiencing significant inflationary pressures, particularly in raw materials like copper and petroleum-based resin products[178]. - The global semiconductor supply shortage has led to increased pricing pressures, with expectations for continued volatility in semiconductor supply costs[180]. Strategic Initiatives - The acquisition of Wind River in December 2022 aims to enhance capabilities in software-defined mobility and intelligent edge software solutions[174]. - OEMs are increasingly adopting global vehicle platforms, which benefits suppliers with global scale and strong design capabilities[176]. - The Company expects to incur additional restructuring expenses in 2024, primarily related to manufacturing footprint rotation and alignment with automotive production levels[193]. - The Company plans to implement further restructuring activities to optimize its manufacturing footprint and improve efficiency based on market conditions[194]. Investments and Financing - The company has gross debt of approximately $7.0 billion and available liquidity of approximately $4.6 billion as of June 30, 2024[177]. - Cash and cash equivalents as of June 30, 2024, totaled $1.4 billion, with total available liquidity amounting to $4.638 billion[211]. - The company repurchased 5,372,682 shares for $434 million during the three months ended June 30, 2024, at an average price of $80.69 per share[213]. - An accelerated share repurchase program was initiated on August 1, 2024, to repurchase $3.0 billion of ordinary shares[215]. - The company entered into a new $2.5 billion senior unsecured bridge credit facility on August 1, 2024, to partially finance share repurchases[216]. - Aptiv maintains a $2 billion revolving credit facility, maturing on June 24, 2026, with no amounts outstanding as of June 30, 2024[221]. Tax and Equity - The Company's effective tax rate for the three months ended June 30, 2024 included net discrete tax benefits of approximately $27 million, primarily related to a business reorganization[198]. - Equity loss, net of tax, decreased to $34 million for the three months ended June 30, 2024, compared to $73 million in 2023, due to a reduction in the Company's equity interest in Motional[200]. - The total income tax benefit recorded due to intercompany transfers of intellectual property was approximately $2,080 million during the second half of 2023[198]. Research and Development - The company invested approximately $1.8 billion in research and development in 2023, including $492 million from co-investments by customers and government agencies[176]. - The company holds approximately 10,000 patents and protective rights, reflecting its strong focus on innovation and technology development[176].

Aptiv PLC (APTV)  reported mixed second-quarter 2024 results, with earnings beating the Zacks Consensus Estimate but revenues missing the same.Adjusted earnings of $1.58 per share beat the Zacks Consensus Estimate by 15.3% and increased 26.4% year over year. Revenues of $5.1 billion missed the Zacks Consensus Estimate by 5.1% and decreased 2.9% year over year.The company’s adjusted revenues declined 2% year over year. Adjusted revenues declined 3% in North America and stayed flat in Asia, including a 1% inc ...