Industry Overview - The Auto-Tires-Trucks sector is currently in the second-quarter earnings season, with companies like Tesla, Ford, General Motors, Aptiv, and O'Reilly Automotive reporting quarterly numbers that exceeded earnings estimates [1] - The auto sector's earnings for Q2 2025 are projected to decline by 27.7% year-over-year, with revenues expected to decrease by 6% [2] Market Performance - U.S. vehicle sales showed modest year-over-year growth in Q2, driven by strong demand for gasoline-powered and hybrid vehicles, with a seasonally adjusted annual rate of 15.3 million units in June [4] - Retail vehicle inventory reached 2.16 million units in June, marking a 22.9% increase from June 2024, while average transaction prices rose to $46,233, up $1,400 from the previous year [4] Impact of Tariffs - Higher tariffs on imports initially increased demand among price-sensitive buyers, but as prices stabilized, this momentum began to wane [5] - Elevated operating costs, particularly in R&D for advanced technologies, are likely to have negatively impacted earnings [5] Potential Winners - Companies identified as well-positioned to exceed earnings estimates include Cummins Inc. (CMI), Rivian Automotive, Inc. (RIVN), Lucid Group, Inc. (LCID), and American Axle & Manufacturing Holdings, Inc. (AXL) [3] Company Highlights Cummins Inc. (CMI) - Cummins is the largest engine manufacturer globally, with a strong product lineup and a focus on electrification and clean energy technologies [8][9] - The company has an Earnings ESP of +2.79% and a Zacks Rank of 3, with Q2 earnings and revenues estimated at $4.99 per share and $8.47 billion, respectively [10][11] Rivian Automotive, Inc. (RIVN) - Rivian is targeting budget-conscious consumers with its upcoming R2 and R3 models, with the R2 expected to launch in H1 2026 at a starting price of around $45,000 [12] - The company has an Earnings ESP of +8.53% and a Zacks Rank of 3, with Q2 revenue estimated at $1.26 billion [14] Lucid Group, Inc. (LCID) - Lucid's vehicles are now compatible with Tesla's Supercharger network, enhancing convenience for owners and potentially boosting sales [15] - The company has an Earnings ESP of +3.08% and a Zacks Rank of 3, with Q2 revenue estimated at $253.4 million, reflecting year-over-year growth of 26.4% [17] American Axle & Manufacturing Holdings, Inc. (AXL) - American Axle is advancing in the electric drive space and has a strong electrification portfolio, with key launches driving growth [18] - The company has an Earnings ESP of +17.59% and a Zacks Rank of 3, with Q2 earnings and revenues estimated at 13 cents and $1.51 billion, respectively [20]

电动汽车制造商Rivian（RIVN）将于美东时间周二（2025年8月5日）盘后公布2025年第二季度业绩。 分析师预计其每股亏损0.65美元，营收13亿美元。该公司股价年内累计下跌7%，较IPO后创下的130美 元历史高点仍缩水超90%。 来源：视频滚动新闻 ...

Core Insights - Rivian is set to release its earnings report, with investors focusing on three key areas: delivery trends, cash reserves, and the progress of the R2 platform [1] Delivery Trends - In Q2, Rivian delivered 10,661 vehicles, representing a 23% year-over-year decline, and produced 5,979 vehicles, which is a significant 38% decrease year-over-year [1] - The company maintains its annual delivery target of 40,000 to 46,000 vehicles, but achieving this goal will require a substantial increase in production in the second half of the year [1] Cash Reserves - Management needs to clarify the speed of capacity recovery and whether it can maintain the trend of improving profit margins despite low production levels [1] R2 Platform Progress - The R2 platform's cross-segment models are expected to play a crucial role in revitalizing growth for the company [1]

Summary of Key Points Core Viewpoint - The automotive industry is experiencing significant fluctuations in sales and performance metrics across various companies, with some brands showing substantial declines while others maintain or grow their market presence. Group 1: Company Performance - Xiaomi Automotive reported a revenue of 1751.58 million, with a decrease of 10.4% [2] - BYD's revenue stood at 1334.41 million, reflecting a decline of 11.98% [2] - Ferrari's revenue was 777.46 million, down by 12.72% [2] - BMW Automotive generated 579.45 million, with a decrease of 12.55% [2] - Mercedes-Benz reported 547.21 million, down by 11.17% [2] Group 2: Additional Company Metrics - Volkswagen's revenue was 524.62 million, showing a significant drop of 17.4% [3] - General Motors reported 500.13 million, with a decrease of 7.72% [3] - Porsche's revenue was 448.22 million, down by 22.45% [3] - Mahindra Automotive generated 435.27 million, reflecting a decline of 5.24% [3] - Ford Automotive reported 430.62 million, down by 9.96% [3] Group 3: Emerging Players - NIO's revenue was 108.15 million, with an increase of 3.02% [4] - Rivian reported 148.3 million, reflecting a decrease of 5.87% [4] - VinFast Auto generated 79.29 million, down by 0.7% [4] - Leapmotor's revenue was 90.42 million, showing an increase of 3.57% [4] - Xpeng Automotive reported 172.95 million, down by 1.54% [4]

Core Insights - Rivian, Inc. (RIVN) is expected to report a loss of 65 cents per share and revenues of $1.26 billion for Q2 2025, with an 8-cent increase in earnings per share estimates over the past 90 days, indicating a 46.28% rise from the previous year [1][8] - The revenue estimate reflects a year-over-year growth of 9.04%, with Rivian having surpassed the Zacks Consensus Estimate in two of the last four quarters, averaging a surprise of 10.81% [2] Financial Performance - In Q1 2025, Rivian reported a loss of 41 cents per share, which was better than the expected loss of 80 cents, and revenues of $1.24 billion, exceeding the estimate of $1.04 billion, marking a 3% increase from the previous year [2][4] - Rivian achieved a gross profit of $206 million in Q1 2025, a significant improvement from a gross loss of $527 million in the same quarter last year, indicating a positive trend in gross profit for the second consecutive quarter [4] Vehicle Deliveries and Revenue Composition - In Q2 2025, Rivian delivered 10,661 vehicles, a decrease from 13,790 units in the same period last year, continuing a trend of year-over-year declines in vehicle deliveries [3] - Despite the decline in vehicle deliveries, Rivian's total revenues are expected to have increased due to growth in software and services revenues [3][8] Earnings Expectations - Rivian has an Earnings ESP of +8.53%, suggesting a favorable outlook for an earnings beat, supported by a Zacks Rank of 3 (Hold) [5][6] - The anticipated improvement in margins is expected to be driven by ongoing gross profit momentum into Q2 2025 [8]

Rivian's stock is mired at a low level, but this EV maker could be on the cusp of an important inflection point. At this point, the company has a successful commercial product and a successful consumer product. On the commercial side, a partnership with Amazon helped to fund Rivian's early development efforts. And now the EV maker is looking to expand its commercial business, selling delivery trucks to more customers. The big news, however, is on the consumer side. After ramping up its production capacity, ...

金十图示：2025年07月31日（周四）全球汽车制造商市值变化 量十数据 | והו | 小米汽车 | 1812.78 | | 6.94 | | --- | --- | --- | --- | --- | | (BHD) | 比亚迪 | 1346.63 | + -41.08 | 14.67 | | ર | 法拉利 | 907.83 | + -12.05 | 498.79 | | (1) | 宝马汽车 | 596.76 | + -11.87 | 96.58 | | | 梅赛德斯奔驰 | 565.72 | + -20.03 | 58.75 | | 人》 大众汽车 | 542.15 | + -11.12 | 107.01 | | --- | --- | --- | --- | | 通用汽车 | 496.13 | | 52.11 | | 保时捷 | 466.73 | 1 +7.76 | 50.34 | | > 玛鲁蒂铃木 | 452.59 | 1 +5.32 | 143.95 | | 马恒达汽车 | 439.19 | 1 +1.31 | 36.61 | | 本田汽车 1-0 | 434.31 | + -12.83 | ...

Core Viewpoint - Rivian Automotive (RIVN) is expected to report a year-over-year increase in earnings driven by higher revenues, with a consensus outlook indicating a quarterly loss of $0.65 per share and revenues of $1.26 billion, reflecting a 9% increase from the previous year [1][3]. Earnings Expectations - The upcoming earnings report is anticipated to be released on August 5, and the stock may rise if the actual results exceed expectations, while a miss could lead to a decline [2]. - The consensus EPS estimate has been revised 2.26% higher in the last 30 days, indicating a positive reassessment by analysts [4]. Earnings Surprise Prediction - Rivian Automotive has an Earnings ESP of +8.53%, suggesting a likelihood of beating the consensus EPS estimate, although it currently holds a Zacks Rank of 3 [11]. - The Most Accurate Estimate for Rivian is higher than the Zacks Consensus Estimate, indicating a bullish sentiment among analysts regarding the company's earnings prospects [11]. Historical Performance - In the last reported quarter, Rivian was expected to post a loss of $0.80 per share but actually reported a loss of -$0.41, resulting in a positive surprise of +48.75% [12]. - Over the past four quarters, Rivian has beaten consensus EPS estimates two times [13]. Conclusion - Rivian Automotive is viewed as a compelling candidate for an earnings beat, but investors should consider other factors influencing stock performance beyond just earnings results [16].

Lucid's deal with Uber is promising. But a Rivian partnership looks superior. To help Lucid scale up enough to produce this many vehicles, Uber also agreed to invest $300 million into the business. Around the same time, Lucid announced a 1-for-10 reverse stock split, but it's not clear how connected these two events are. While all of this looks promising on paper, there are two obvious problems. First, Uber's robotaxi division remains in its infancy. Whether it can actually grow big enough to acquire 20,000 ...

Core Viewpoint - Rivian and Lucid, once popular EV stocks, have seen significant declines in their stock prices due to unmet production goals and rising interest rates, leading to questions about their future investment potential [2][4][12] Company Performance - Rivian's stock price has dropped to approximately $13 from a peak of $172.01, while Lucid's stock is now around $3, down from a high of $55.52 [1][2] - Rivian produced 24,337 vehicles in 2022, significantly below its target of 50,000, due to supply chain disruptions [4][8] - Lucid delivered only 4,369 vehicles in 2022, far short of its goal of 20,000, also facing supply chain issues [5][10] - In 2023, Rivian increased production to 57,232 vehicles but saw a decline to 49,476 in 2024 due to market conditions and competition [8][9] - Lucid's deliveries rose to 6,001 in 2023 and 10,241 in 2024, but these figures remain disappointing compared to initial projections [10][11] Market Valuation - At their peak, Rivian's market cap was $153.3 billion, equating to 92 times its 2022 revenue, while Lucid's market cap reached $91.4 billion, or 150 times its 2022 revenue [6] - Rivian and Lucid currently trade at 3.2 times and 6.9 times this year's sales, respectively, with neither expected to break even soon [12] Future Outlook - Analysts project Rivian's revenue to grow at a CAGR of 32% from 2024 to 2027, while Lucid's revenue is expected to rise at a CAGR of 85% [12] - Rivian's gross margins have turned positive, indicating improved financial health, whereas Lucid's gross margins remain negative [12][13] - Rivian's leadership stability and production capabilities position it as a stronger investment compared to Lucid, which faces challenges in meeting production expectations for its Gravity SUV [13]