- Volvo Car’s sales increased by 1% in September 2024.
- Sales of fully electric vehicles surged by 66%.
- Chief Commercial Officer and Deputy CEO Bjorn Annwall stated that despite market volatility, Europe showed strong performance, especially for electrified cars.
- Sales of electrified models, including fully electric and plug-in hybrids, grew by 43% compared to the same period last year.
- Analyst ratings for Volvo Car include 2 buys, 9 holds, and 3 sells.
A look at Volvo Car AB Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
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 company renowned for manufacturing and designing automobiles, seems to be on a promising trajectory for the long term. Based on the Smartkarma Smart Scores, Volvo Car AB has shown strength in various areas. With a strong Value score of 4, the company indicates good potential for growth opportunities ahead. Additionally, Volvo Car AB demonstrates resilience with a score of 4, portraying its ability to weather uncertainties and challenges.
Moreover, the company’s Momentum score of 5 signifies a strong upward trend that could bode well for its future performance. While the Dividend score is lower at 1, indicating room for improvement in this aspect, Volvo Car AB still shows promising signs for long-term growth and stability. With a Growth score of 3, the company appears to be positioning itself for continued expansion in the competitive automotive industry. Overall, Volvo Car AB‘s scores suggest a positive outlook for the company’s future prospects and continued success in serving customers worldwide.
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
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
