Geely Auto (175) Earnings Soar with 21% Increase in September Vehicle Sales

Geely Auto on Smartkarma

Geely Auto is receiving positive coverage on Smartkarma from top independent analysts. According to Ming Lu, the sales volume growth rate for Geely Auto began to accelerate in August. The company’s revenue showed strong growth by 39% YoY in the second quarter of 2024. Additionally, Geely’s operating margin has been improving YoY for the past year and a half. Ming Lu‘s bullish outlook indicates positive momentum for Geely Auto.

In another report by Caixin Global, Geely Auto is seen further positively. The company announced an increase in its 2024 export target to 380,000 units from 330,000 units following a remarkable 67% year-on-year growth in vehicle exports in the first half of the year. Geely’s CEO, Gan Jiayue, attributed this success to aggressive expansion into emerging markets like Africa, where sales surged by over 400%. The company is also eyeing expansion in regions such as Central Asia, Mexico, the Middle East, Eastern Europe, and Southeast Asia. This positive sentiment from analysts reflects Geely Auto‘s strong performance and strategic growth plans.

A look at Geely Auto Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Geely Auto, a passenger vehicles manufacturing company, seems to have a promising long-term outlook based on the Smartkarma Smart Scores. With a strong momentum score of 5, the company appears to be on a positive trajectory in terms of market performance. Additionally, scoring high in growth and resilience with scores of 4 in both categories, Geely Auto showcases potential for expansion and the ability to withstand market challenges.

Moreover, while the dividend score is at 2, indicating room for improvement in this area, Geely Auto‘s value score of 3 suggests that the company may be trading at a reasonable valuation. Overall, with mostly favorable scores across the board, Geely Auto appears well-positioned for sustained growth and success in the passenger vehicles industry.

### Geely Automobile Holdings Limited operates as a passenger vehicles manufacturing company. The Company provides passenger vehicles development, manufacturing, sales, and other services. Geely Automobile Holdings also exports passenger vehicles. ###

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma