This morning, Maplebear, doing business as Instacart (CART; $24.46; O/P) announced a new partnership with Amazon’s (AMZN; $170.53; NR) Whole Foods Market Canada to offer on-demand grocery delivery to consumers in Canada. Our checks suggest…
Uber Technologies (UBER; $70.65; O/P) posted Q4 results and provided Q1E guidance, which once again highlighted robust core growth, led by Mobility, supplemented by a range of new product initiatives and geographic expansion we have…
Uber Technologies (UBER; $70.47; O/P) posted Q4 adjusted EBITDA of $1,283mm (3.4% of gross bookings), which beat our forecast of $1,231mm (3.3% of gross bookings) and the Street’s $1,225mm (3.3% of gross bookings). Revenue of…
We are reducing our rating from Outperform to Equal-Weight on the shares of Sensata (ST; $33.06; E/W) after its latest in a series of disappointing financial updates. Admittedly, management’s latest Q4 EPS miss, and lower…
Earlier today, Lyft (LYFT; $13.32; E/W) announced in a blog post an early-2024 driver product release, which includes a range of driver friendly initiatives that are aimed at improving driver earnings while also adding steps…
This morning, Hyzon Motors (HYZN; $0.71) announced it signed a joint development agreement (JDA) with New Way Trucks to develop a hydrogen fuel cell refuse vehicle for the North American market. We note New Way…
Sensata (ST; $36.12; O/P) reported Q4 adjusted EPS of $0.82, which was below our $0.85 and the Street’s $0.86 on better-than-expected sales ($993mm vs. our $976mm and the Street’s $978mm), basically as expected operating profits…
We assume Maplebear, doing business as Instacart (CART; $23.94; O/P), can post Q4 results and guidance that are at least in line with Street expectations when the company reports next Tuesday (2/13 after market) given…
Lyft’s (LYFT; $12.70; E/W) Q4 print on 2/13 (after market) came with extra importance given management’s long-standing promise, since Erin Brewer joined as CFO on 5/16/23 (“And Now a New CFO”; 5/17/23), to offer up…
We stick with our Outperform on the shares of Uber Technologies (UBER; $66.73) ahead of next Wednesday’s Q4 print (2/7 before market) and its virtual Investor Update on 2/14 (also before market). Admittedly, the “bar…
Earlier today, Polestar (PSNY; $1.83; E/W) and Volvo Cars (VOLCAR.SE; KR34.54; NR) both publicly disclosed that Volvo intends to distribute its shares in Polestar to shareholders with Geely Sweden Holding being the primary recipient. Recall,…
Nextracker (NXT; $56.50; E/W) shares surged 25% today after the company produced a third consecutive quarter “beat and raise” since going public, albeit of an especially large magnitude. Specifically, FQ3 (Dec) EPS of $0.96 handily…
Benchmark Electronics’ (BHE; $28.28; O/P) Q4 results and Q1E guidance lived up to our expectations, further demonstrating potential for operating margins to move even higher in coming years on solid free cash flows (FCF). To…
Flex (FLEX; $23.74; O/P) delivered FQ3 (Dec) results with an FQ4E (Mar) guidance that comfortably lived up to expectations, including its “core” remaining business after the recently completed spin of Nextracker (NXT; $45.27; E/W). Specifically,…
We are very much surprised that Aptiv’s (APTV; $82.39; O/P) Q4 results and outlook did not dispel the excessive “hand wringing” weighing on the stock in recent months, especially at 14X our latest 2024E EPS,…