Aptiv (APTV)

We think yesterday’s 10% drop in the shares of Aptiv (APTV; $77.20; O/P), after a healthy Q3 EPS beat, proves a massive over reaction to some disappointing growth over market (GoM) rates we see driven…

Aptiv (APTV; $86.08; O/P) reported adjusted Q3 EPS of $1.30, which handily beat our $1.15 and the Street’s $1.23 on sales of $5,114mm (vs. our $5,000mm and the Street’s $5,091mm). As per the table below,…

The shares of Aptiv (APTV; $90.25; O/P) are -20% since 7/12 with its Q3 print coming up on 11/2 (before market), which we assume reflects concerns around ongoing UAW strikes despite what we see as…

We sat in on Aptiv’s (APTV; $102.57; O/P) Software Teach-In yesterday. The presentation and Q&A suggested to us that management has increased confidence in its ability to leverage last year’s $3.5B acquisition of Wind River’s…

Earlier this week, Aptiv’s (APTV; $97.22; O/P) Wind River business unit, acquired late last year for $3.5B, announced that Geely’s (175.HK; HK$9.51; NR) ZEEKR electric vehicle (EV) brand selected the Wind River Linux operating system…

We reiterate our Outperform, raise our target from $125 to $130, as we increase our 2023/2024E EPS for Aptiv (APTV; $109.58) from $4.45/$5.80 to $4.80/$6.00 after the company delivered an impressive “beat and raise”. Most…

Aptiv (APTV; $106.28; O/P) reported adjusted Q2 EPS of $1.25, handily beating our $0.90 and the Street’s $1.01, on sales of $5,200mm, which were ahead of our $4,825mm and the Street’s $4,827mm. As per the…

Aptiv’s (APTV; $109.51; O/P) Wind River business unit, acquired late last year for $3.5B, announced a strategic partnership today that highlights how the two companies plan to work together to gain automotive software print position,…

We expect Aptiv (APTV; $109.24; O/P) to produce a bit of a “beat and raise” with Q2 results and guidance, scheduled for August 3rd. Thus, we raise our target from $110 to $125 that for…

We think last week’s Capital Markets Day from Ford (F; $12.59; NR) and FQ1 (Apr) results from NVIDIA’s (NVDA; $401.11; NR) bode especially well for electrification, active safety (Level 2+ autonomy) and software-defined vehicle stories…

Earlier this week, BlackBerry (BB; $5.36; NR) hosted an Analyst Summit, which we think provided more support for Aptiv’s (APTV; $94.63; O/P) increasing focus on software innovation following its $3.5B acquisition of Wind River (“Wind…

We raise our rating on the shares of Aptiv (APTV; $92.05) from Equal-Weight to Outperform. The stock was -8% yesterday and is 24% lower since mid-February despite a positive Q1 print and reiterated 2023 outlook,…

Aptiv (APTV; $99.84; E/W) reported adjusted Q1 EPS of $0.91, which was ahead of the Street’s $0.89 and our more conservative $0.78 and on sales of $4,818mm (vs. the Street’s $4,569mm and our $4,500mm). As…

We think Aptiv’s (APTV; $102.67; E/W) full year 2023E EPS guidance of $4.00-4.50 is at least reiterated when the company reports Q1 results on Thursday morning (5/4). Our confidence comes from more recent evidence that…

We continue to think it is important to benchmark Aptiv’s (APTV; $104.45; E/W) broader entry into software, per its recent $3.5B acquisition of Wind River, against the well-established real time operating system (RTOS) position of…