Earnings Alerts

Volvo Car AB (VOLCARB) Earnings: November Sees 5% Car Sales Rise with 40% Surge in Electric Vehicle Sales

By December 4, 2024 No Comments
  • Volvo Car sales increased by 5% in November 2024.
  • Sales of fully electric vehicles surged by 40% during the same period.
  • The growth in sales was mainly fueled by markets in Europe and the United States.
  • Fully electric vehicles made up 21% of the total cars sold in November.
  • In contrast, car sales in China experienced a year-on-year decline of 8%.
  • Analyst ratings for Volvo include 2 buy recommendations, 8 holds, and 4 sells.

A look at Volvo Car AB Smart Scores

FactorScoreMagnitude
Value4
Dividend1
Growth3
Resilience4
Momentum5
OVERALL SMART SCORE3.4

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

In assessing the long-term outlook for Volvo Car AB using the Smartkarma Smart Scores, the company seems to have a promising future ahead. With a high Value score of 4, Volvo Car AB is seen as having strong fundamentals and potential for solid growth. Additionally, the company’s resilience score of 4 indicates its ability to weather challenges and uncertainties in the market. Moreover, with a Momentum score of 5, Volvo Car AB appears to be gaining positive traction and momentum in the industry, showcasing its potential for future success.

While Volvo Car AB shows strength in value, resilience, and momentum, it does face a lower score in the Dividend category, with a score of 1. This suggests that the company may not be prioritizing dividend payouts to investors at the same level as some of its other factors. However, with a Growth score of 3, Volvo Car AB still demonstrates potential for expansion and development in its market segment. Overall, the company’s strong value, resilience, and momentum scores point towards a positive long-term outlook, supported by its diversified product offerings and global customer base.

### Summary: Volvo Car AB manufactures, designs, and supplies automobiles, including cars, trucks, and vans, catering to a global customer base. ###


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.
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