- Volvo Cars’ global sales dropped by 11% in April compared to the previous year.
- Sales of electrified models, which include fully electric and plug-in hybrids, made up 45% of all cars sold in April.
- Sales of fully electric vehicles fell by 32% during the same period.
- The XC60 was the best-selling model, with 19,887 units sold in April, slightly higher than the previous April’s 19,542 units.
- The XC40/EX40 sold 13,783 cars, a decrease from 15,139 cars sold in the previous year.
- The XC90’s sales increased to 9,746 cars from 8,698 cars sold in April last year.
- Market analysts’ recommendations include 0 buys, 12 holds, and 3 sells for Volvo stock as of the current assessment.
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 known for manufacturing and designing automobiles, appears to have a promising long-term outlook according to Smartkarma’s Smart Scores. The company has received a high score in Momentum, indicating strong potential for future growth and performance. Additionally, Volvo Car AB has scored well in the categories of Value and Resilience, suggesting that it is perceived positively in terms of its financial stability and potential for long-term value creation. While the company’s Growth score is moderate, it is supported by the overall positive outlook reflected in its scores.
In summary, Volvo Car AB is positioned favorably based on Smartkarma’s Smart Scores, particularly excelling in Momentum, Value, and Resilience. With its wide range of cars, trucks, and vans serving customers globally, Volvo Car AB seems to be on a solid trajectory for future success and continued growth in the automotive industry.
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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