February 7, 2025
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,…
February 6, 2025
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…
January 22, 2025
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…
January 13, 2025
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,…
November 8, 2024
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…
November 1, 2024
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…
October 8, 2024
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…
September 30, 2024
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…
August 2, 2024
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…
August 1, 2024
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…
July 19, 2024
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…
June 26, 2024
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%…
May 2, 2024
We reiterate our Outperform and $100 target as we raise our 2024/2025E EPS for Aptiv (APTV; $77.79) from $5.80/$6.85 to $6.05/$7.70 after a solid Q1 beat as 2024E EPS guidance was revised favorably, mainly for…
May 2, 2024
Aptiv (APTV; $69.75; O/P) reported adjusted Q1 EPS of $1.16, which beat our consensus matching $1.02 on some lower-than-expected sales ($4,901mm vs. our $5,000mm and the Street’s $4,986mm). As per the table below, operating profits…
April 22, 2024
The shares of Aptiv (APTV; $69.75; O/P) are now down 22% YTD (vs. +4% for the S&P 500) as investor concerns with 2024E EPS guidance of $5.55-6.05 (+14-24% YoY) continue to mount to levels that…