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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

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

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 CEO Jim Farley in front of Ford logo

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...
Group 1

Group 1 Automotive Q2 revenues increase 14.3% compared to 2021

Group 1 Automotive also reported its second quarterly earnings despite chain supply problems and inventory shortages. The total revenue for Q2 that Group 1...
Lithia Motors

Lithia Motors Q2 earnings miss estimates, used vehicle revenues increase 39%

Leading automotive retailer Lithia Motors reported its second-quarter earnings late last week, just missing the estimates from Zack's Investment Research. New vehicle revenue reached...