Earnings Alerts

Volvo Car AB (VOLCARB) Earnings Report: March Car Sales Skyrocket by 25%, Electric Vehicle Sales Soar by 43%

  • Volvo has reported a significant increase in car sales for the month of March, with an overall increase of 25%.
  • The sale of fully electric vehicles has seen an even greater rise, with a 43% increase.
  • The company is on track to meet its annual sales target, which is set at a minimum growth of 15%.
  • In the coming months, Volvo plans to focus on increasing sales of their EX30 model.
  • Current market sentiment for the company is mixed, with three buys, nine holds, and two 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

Volvo Car AB, a global automotive company, is poised for long-term success according to Smartkarma’s Smart Scores. With an overall score of 4 out of 5, Volvo Car AB is rated highly in several key areas. Its value score of 4 indicates that the company is undervalued and has potential for growth. This is further supported by its growth score of 3, which suggests that the company has strong potential for expansion in the future.

In addition, Volvo Car AB has a resilience score of 4, indicating that it is well-equipped to weather any potential challenges or market fluctuations. This is further reinforced by its momentum score of 5, which suggests that the company is currently experiencing positive momentum and is likely to continue on this trajectory in the future. However, the company’s dividend score of 1 suggests that it may not be a strong option for investors seeking regular dividend payouts.

Overall, Volvo Car AB is a reputable and established company in the automotive industry, known for its high-quality vehicles. With a strong outlook based on its Smart Scores, the company is well-positioned for long-term success and may be an attractive option for investors looking to capitalize on its potential for growth and resilience.


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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