Aptiv (APTV)


May 2, 2025

APTV: Executes Well but Still See Major Tariffs to Consider

By Steven Fox

Aptiv (APTV; $56.96; E/W) produced better than expected Q1 results and a more favorable Q2E outlook than we anticipated, which assumes that vehicle production schedules from the company’s auto OEM customers through June prove solid….

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May 1, 2025

APTV: First Look at Q1 Results and Outlook

By Steven Fox

Aptiv (APTV; $57.06; E/W) reported adjusted Q1 EPS of $1.69, which was well ahead of our $1.52 and the Street’s $1.53 on sales of $4,825mm (vs. our $4,750mm and the Street’s $4,793mm). As per the…

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April 22, 2025

APTV: Cutting Estimates for Vehicle Production Risks

By Steven Fox

We reduce 2025/2026E EPS for Aptiv (APTV; $50.99; E/W) from $7.30/$8.50 to $6.25/$8.00 ahead of Q1 results and guidance, scheduled for May 1st (before market). Our estimate cuts are to consider an increasing likelihood that…

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February 7, 2025

APTV: 2025E Sales and Operating Profit Guide as Expected

By Steven Fox

We raise 2025E EPS for Aptiv (APTV; $63.48; E/W) from $6.75 to $7.30 after management offered up its initial thinking on full 2025E guidance, which was consistent with our prior sales and operating profit estimates,…

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February 6, 2025

APTV: First Look at Q4 Results and Outlook

By Steven Fox

Aptiv (APTV; $61.27; E/W) reported adjusted Q4 EPS of $1.75, which beat our $1.59 and the Street’s $1.65 on sales of $4,907mm (vs. our $4,844mm and the Street’s $4,904mm). Recall, APTV previously disclosed it expected…

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January 22, 2025

APTV: Making a Big Portfolio Move

By Steven Fox

This morning, Aptiv (APTV; $62.72; E/W) announced plans to separate its Electrical Distribution Systems (EDS) business from the rest of the company (RemainCo) and create two independent, publicly traded companies in a tax-free transaction. This…

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January 13, 2025

APTV: CES Takeaways

By Steven Fox

Last week, during our trip to the Consumer Electronics Show (CES) in Las Vegas we attended Aptiv’s (APTV; $59.35; E/W) Investor Event where we heard from a range of senior managers, including CEO Kevin Clark,…

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November 8, 2024

APTV: Announces Intriguing CFO Change

By Steven Fox

Last night, Aptiv (APTV; $55.64; E/W) announced that Joe Massaro, who has served as CFO since 2016, would move into a senior operations role as Vice Chairman, Engineered Components Group (ECG; interconnect and cable management…

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November 1, 2024

APTV: Customer Concentration Bites

By Steven Fox

The shares of Aptiv (APTV; $56.83; E/W) plunged 18% yesterday, leaving the stock -37% YTD, after management reduced its 2024E outlook for production schedule reductions at a handful of key auto OEM customers, led mainly…

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October 8, 2024

APTV: Some Tech Roadmap Food For Thought

By Steven Fox

We assume Tesla’s (TSLA; $244.33; NR) robo-taxi launch on Thursday (10/10) raises questions around Aptiv’s (APTV; $69.62; E/W) ability to integrate cutting edge artificial intelligence (AI) into its advanced driver assistance systems (ADAS) as well…

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September 30, 2024

APTV: Reducing Rating to Equal-Weight

By Steven Fox

We are reducing our rating on the shares of Aptiv (APTV; $72.01) from Outperform to Equal-Weight and cutting 2024/2025E EPS from $6.35/$7.70 to $6.10/$7.00 (vs. consensus of $6.24/$7.80) over our concerns that rising tariffs, particularly…

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August 2, 2024

APTV: Managing Further for Healthy EPS Growth

By Steven Fox

We bump up our 2024E EPS for Aptiv (APTV; $73.13; O/P) from $6.25 to $6.35 (+31% YoY) and our 2025E EPS from $7.50 to $7.70 (+21%) after Q2 results beat the Street and the company…

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August 1, 2024

APTV: First Look at Q2 Results and Outlook

By Steven Fox

Aptiv (APTV; $69.39; O/P) reported adjusted Q2 EPS of $1.58, which was ahead of our $1.45 and the Street’s $1.42 despite lower-than-expected sales of $5,051mm (vs. our $5,325mm and the Street’s $5,305mm). As per the…

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July 19, 2024

APTV: Plenty of Investor Questions into Q2 Print

By Steven Fox

We think Aptiv (APTV; $67.92; O/P) faces an unusual number of longer-term questions from investors when it reports Q2 results and outlook on August 1st (before market), which are on top of ongoing debates around…

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June 26, 2024

APTV: Fundamental Concerns Reach New Heights

By Steven Fox

The shares of Aptiv (APTV; $66.02; O/P) have been extremely volatile YTD, including big swings between the mid-$80’s and a bottom ~$70, which was firmly punctured today on questions about the company’s software veracity (10-15%…

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