![]() Successful stock investing involves buying low and selling high, so stock valuation is an important consideration for stock selection. Sign Up to Receive a Free Special Report That Shows How A+ Investor Grades Can Help You Make Investment Decisions The subindustry's five-year CAGR is 19.1%, ahead of the 7.0% growth rate for the S&P 1500 Index. ![]() In 2021, the S&P Automotive Retail Index was up 51.2% versus a 26.7% gain for the S&P 1500 Index and was up 7.0% versus a 15.8% gain for the S&P 1500 Index in 2020. Year-to-date through September 30, 2022, the S&P Automotive Retail Index was down 11.9% versus a 24.6% decline for the S&P 1500 Index. New parts and equipment will be required to sustain this growth, providing opportunities for companies. ![]() Electric vehicles sales are growing every year. Macroeconomic stability is also a concern for the industry with many consumers looking for more affordable vehicles. Sales have been hurt this year by record-low inventory levels and parts shortages (particularly semiconductors). Global vehicle sales are down for 2022 but are expected to rebound in 2023. This will be offset by lower year-over-year sales volumes, margin pressures from higher raw materials and labor costs, and an ongoing shortage of semiconductors and other parts. The sub-industry looks to benefit from record high new and used vehicle prices, strong parts and service demand and a dealership inventory re-stocking cycle. The fundamental outlook for the Auto, Truck & Motorcycle parts sub-industry for the next 12 months is neutral. Luminar Technologies Inc does not currently pay a dividend. Analysts expect adjusted earnings to reach $-0.764 per share for the current fiscal year. Year-over-year quarterly sales growth most recently was 110.1%. Luminar Technologies Inc’s trailing 12-month revenue is $48.4 million with a % profit margin. Luminar Technologies Inc does not have a meaningful P/E due to negative earnings over the last 12 trailing months. Latest Luminar Technologies Inc Stock NewsĪs of August 03, 2023, Luminar Technologies Inc had a $2.8 billion market capitalization, putting it in the 75th percentile of companies in the Auto, Truck & Motorcycle Parts industry. Read on to find out how ( LAZR) grades on certain investment factors and determine whether it meets your investment needs. Transcript : Luminar Technologies, Inc.Learn more about whether Luminar Technologies Inc is a good stock to buy or sell based on recent news as well as its key financial metrics. Luminar Technologies' Q1 Loss Widens, Revenue Climbs 2023 Revenue Growth Maintained Rosenblatt Adjusts Luminar Technologies' Price Target to $6 From $8, Keeps Neutral Rating Luminar Tech CEO to acquire majority stake in Forbes - WSJ ![]() Global markets live: Vodacom, Newmont, Tesla, General Motors. Morgan’ s Global Technology, Media and Communications Conference 2023, May-22-2023 03:50 PMĬitigroup Adjusts Luminar Technologies Price Target to $18 From $19, Maintains Buy Rating Luminar and Plus Partner for LiDAR and AI-Based Assisted Driving Software for Trucking Presents at Global Auto Industry Conference, Jun-14-2023 12:50 PM ![]()
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