China Automotive Systems Bolsa (NASDAQ: CAAS)

Últimas noticias sobre China Automotive Systems (NASDAQ:CAAS) Bolsa

China Automotive Systems

China Automotive Systems Inc is a holding company. The firm through its subsidiary is a supplier of power steering systems and components to China's automotive industry. Its product offering encompasses a full range of auto parts incorporated into steering systems for both passenger automobiles and commercial vehicles. The company offers four separate series, more than 310 models of power steering including rack and pinion power steering, integral power steering, electronic power steering and manual steering, steering columns, steering oil pumps, and steering hoses. Geographically, it derives a majority of its revenue from China.

China Automotive Systems, Inc. - Common Stock

China Automotive Systems Inc

For 2024, annual production and sales volume exceeded 5 million units, representing an 18.5% year-over-year growth.&nbsp;

News

CAAS

China Automotive Systems Says Subsidiary Achieved Production And Sales Increase Of 35% YoY In Q4

<h3>Gainers</h3>
<ul>
<li>Vision Marine Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMAR#NASDAQ">VMAR</a>) stock increased by 50.0% to $2.28 during Friday's pre-market session. The market value of their outstanding shares is at $6.4 million. </li>
<li>Arhaus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARHS#NASDAQ">ARHS</a>) stock increased by 13.84% to $10.77. The company's market cap stands at $1.5 billion. </li>
<li>China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) stock moved upwards by 12.12% to $4.44. The market value of their outstanding shares is at $134.0 million. </li>
<li>Wah Fu Education Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAFU#NASDAQ">WAFU</a>) stock moved upwards by 9.7% to $1.83. The market value of their outstanding shares is at $8.1 million. </li>
<li>Jowell Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JWEL#NASDAQ">JWEL</a>) stock rose 8.27% to $3.28. The company's market cap stands at $7.1 million. </li>
<li>Amesite (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMST#NASDAQ">AMST</a>) stock rose 8.14% to $2.92. The market value of their outstanding shares is at $8.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Emerson Radio (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MSN#AMEX">MSN</a>) stock declined by 9.2% to $0.49 during Friday's pre-market session. The company's market cap stands at $10.3 million. </li>
<li>Faraday Future (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) stock decreased by 8.18% to $1.91. The market value of their outstanding shares is at $86.5 million. </li>
<li>ATA Creativity Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AACG#NASDAQ">AACG</a>) stock fell 8.08% to $0.9. The company's market cap stands at $28.3 million. </li>
<li>China Liberal Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLEU#NASDAQ">CLEU</a>) shares declined by 7.43% to $3.24. The market value of their outstanding shares is at $94.7 million. </li>
<li>MGO Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGOL#NASDAQ">MGOL</a>) stock decreased by 7.05% to $0.52. The company's market cap stands at $2.3 million. </li>
<li>Mobileye Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) stock fell 6.91% to $15.78. The market value of their outstanding shares is at $12.7 billion. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Friday's Pre-Market Session

Phil will retain and lead Acuitive Solutions as it continues to expand its expedited shipment routing and multi carrier parcel manifesting solutions for the retail and high fashion industries.

Cass Information Systems Acquires AcuAudit From Acuitive Solutions LLC; No Terms Disclosed

<h3>Gainers</h3>
<ul>
<li>MKDWell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKDW#NASDAQ">MKDW</a>) shares increased by 14.4% to $1.09 during Monday's pre-market session. The market value of their outstanding shares is at $18.2 million. </li>
<li>Mondee Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOND#NASDAQ">MOND</a>) shares increased by 13.92% to $1.31. The market value of their outstanding shares is at $114.5 million. As per the news, the Q3 earnings report came out today. </li>
<li>WeRide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>) shares rose 8.75% to $18.89. The company's market cap stands at $5.1 billion. </li>
<li>China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) shares rose 8.54% to $4.7. The market value of their outstanding shares is at $141.8 million. The company's, Q3 earnings came out 3 days ago. </li>
<li>Alta Global Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MMA#AMEX">MMA</a>) stock rose 8.37% to $1.94. The market value of their outstanding shares is at $20.3 million. </li>
<li>Mobileye Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) shares rose 8.33% to $16.24. The company's market cap stands at $13.1 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Fly-E Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLYE#NASDAQ">FLYE</a>) shares declined by 24.6% to $0.52 during Monday's pre-market session. The market value of their outstanding shares is at $12.7 million. </li>
<li>Jianzhi Education Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JZ#NASDAQ">JZ</a>) stock decreased by 20.16% to $0.99. The market value of their outstanding shares is at $19.9 million. </li>
<li>Kandi Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KNDI#NASDAQ">KNDI</a>) stock fell 10.4% to $1.12. The market value of their outstanding shares is at $97.8 million. As per the press release, Q3 earnings came out today. </li>
<li>SRIVARU Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) stock decreased by 9.88% to $0.02. The company's market cap stands at $9.2 million. </li>
<li>Luminar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAZR#NASDAQ">LAZR</a>) shares fell 9.31% to $0.89. The market value of their outstanding shares is at $449.9 million. </li>
<li>RumbleON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBL#NASDAQ">RMBL</a>) shares fell 7.11% to $5.1. The company's market cap stands at $180.2 million. The company's, Q3 earnings came out 4 days ago. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Monday's Pre-Market Session

China Automotive Systems, Inc. (NASDAQ:<a href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that its board of directors approved a share repurchase program of up to $5 million of its outstanding common shares periodically over the next 12 months. Repurchases will be made in open market transactions, at prevailing market prices not to exceed $5.50 per share through November 15, 2025, subject to applicable laws, regulations and approvals. The timing of the share repurchases will depend on a variety of factors, including market conditions. Members of the management team may make additional share purchases in addition to the Company repurchase.

Buybacks

China Automotive Systems Board Approved A Share Buyback Program Of Upto $5M Shares Over Next 12 Months

Guidance

China Automotive Systems Raises FY24 Revenue Guidance From $605M To $630M

Earnings

China Automotive Systems Q3 EPS $0.18 Down From $0.31 YoY, Sales $164.2M Up From $137.5M YoY

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Bakkt Holdings, Inc. Class A Common Stock

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Earnings Scheduled For November 13, 2024

<h3>Gainers</h3>
<ul>
<li>Visionary Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) shares increased by 31.3% to $1.97 during Thursday's pre-market session. The market value of their outstanding shares is at $7.4 million. </li>
<li>Algorhythm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIME#NASDAQ">RIME</a>) stock increased by 12.79% to $0.45. The market value of their outstanding shares is at $4.3 million. </li>
<li>China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) shares rose 8.27% to $4.58. The market value of their outstanding shares is at $138.2 million. </li>
<li>Wag Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PET#NASDAQ">PET</a>) stock rose 7.8% to $0.9. The market value of their outstanding shares is at $43.8 million. </li>
<li>Expedia Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) stock increased by 6.03% to $159.94. The market value of their outstanding shares is at $21.1 billion. </li>
<li>EpicQuest Education Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EEIQ#NASDAQ">EEIQ</a>) stock increased by 5.5% to $0.87. The company's market cap stands at $11.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Lucid Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) stock decreased by 18.0% to $2.69 during Thursday's pre-market session. The market value of their outstanding shares is at $6.2 billion. </li>
<li>NWTN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWTN#NASDAQ">NWTN</a>) shares declined by 9.39% to $0.61. The market value of their outstanding shares is at $174.5 million. </li>
<li>EZGO Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EZGO#NASDAQ">EZGO</a>) shares fell 8.26% to $1.0. The company's market cap stands at $2.5 million. </li>
<li>Kaixin Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KXIN#NASDAQ">KXIN</a>) shares fell 7.65% to $0.16. The market value of their outstanding shares is at $9.3 million. </li>
<li>Digital Brands Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) stock declined by 5.89% to $0.19. </li>
<li>Cheetah Net Supply Chain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTNT#NASDAQ">CTNT</a>) shares fell 5.58% to $0.24. The market value of their outstanding shares is at $9.1 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Thursday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>WW International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WW#NASDAQ">WW</a>) stock increased by 43.1% to $1.66 during Wednesday's pre-market session. The market value of their outstanding shares is at $132.3 million. </li>
<li>Algorhythm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIME#NASDAQ">RIME</a>) shares increased by 26.49% to $0.68. The company's market cap stands at $6.6 million. </li>
<li>Kaixin Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KXIN#NASDAQ">KXIN</a>) stock increased by 21.05% to $0.22. The market value of their outstanding shares is at $12.9 million. </li>
<li>Helen Of Troy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HELE#NASDAQ">HELE</a>) shares moved upwards by 13.43% to $70.75. The company's market cap stands at $1.6 billion. As per the press release, Q2 earnings came out today. </li>
<li>China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) stock rose 10.85% to $4.8. The market value of their outstanding shares is at $144.8 million. </li>
<li>SharpLink Gaming (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>) stock increased by 7.46% to $0.85. The market value of their outstanding shares is at $2.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Sony Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) shares decreased by 80.0% to $19.0 during Wednesday's pre-market session. The company's market cap stands at $573.1 billion. </li>
<li>Sacks Parente Golf (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPGC#NASDAQ">SPGC</a>) stock fell 36.91% to $2.24. The market value of their outstanding shares is at $3.2 million. </li>
<li>Kidpik (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PIK#NASDAQ">PIK</a>) shares decreased by 16.9% to $1.82. The company's market cap stands at $3.5 million. </li>
<li>Ambow Education Holding (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AMBO#AMEX">AMBO</a>) stock declined by 14.6% to $3.57. The market value of their outstanding shares is at $10.1 million. </li>
<li>Container Store Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TCS#NYSE">TCS</a>) shares declined by 7.7% to $8.52. The company's market cap stands at $29.2 million. </li>
<li>MINISO Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MNSO#NYSE">MNSO</a>) stock declined by 6.45% to $17.7. The market value of their outstanding shares is at $5.5 billion. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Wednesday's Pre-Market Session

China Automotive Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) reported second-quarter FY24 EPS of $0.24, <a href="https://www.benzinga.com/pressreleases/24/08/n40331890/china-automotive-systems-reports-income-from-operations-increased-by-38-7-in-the-second-quarter-of" target="_blank" rel="noreferrer noopener">down from $0.35 a year ago</a>.
Net sales increased 15.4%&nbsp;Y/Y to&nbsp;$158.6 million, <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beating the consensus of $137.41 million</a>.
Net sales of traditional steering products rose 7.5% Y/Y to $103.0 million and Electric Power Steering (EPS) product sales surged 33.7% to $55.6 million in the quarter.
Sales to Henglong&#8217;s passenger vehicle steering customers grew 18.9% Y/Y, while sales to Chery Auto rose 28.8% Y/Y on increased demand.
Export sales to North American customers fell to $26.8 million from $28.9 million the prior year due to reduced demand from one client. Meanwhile, sales in Brazil were $12.0 million in the quarter, slightly lower than $12.2 million in the year-ago period.
Gross profit rose 29.0% Y/Y to $29.3 million, with margin improving to 18.5% from 16.5% a year ago, driven by changes in product mix and better cost management.
Income from operations grew 38.7% Y/Y to $10.8 million, mainly due to higher sales and improved margins.
As of June-end, cash and cash equivalents, along with pledged cash, amounted to $148.4 million.
Qizhou Wu, Chief Executive Officer, said, &#8220;According to statistics from the China Association of Automobile Manufacturers, overall automobile sales in&nbsp;China&nbsp;increased by 6.1% year-over-year in the first six months of 2024 with passenger car sales up by 6.3% and commercial vehicle sales ahead by 4.9%. Sales of domestic cars rose by 1.4% and Chinese vehicle exports increased by 30.5% for the first six months of 2024.&#8221;
Outlook:&nbsp;The company has reiterated revenue&nbsp;guidance&nbsp;for the <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">full fiscal year 2024 of&nbsp;$605.0 million</a>.
&#8220;Since our initial listing, we have grown from a small Chinese domestic auto parts company to a large global tier-1 supplier with customers in&nbsp;North America,&nbsp;South America,&nbsp;Europe&nbsp;and&nbsp;Asia. With our diversified customer base and best-in-class product offerings, we look forward to continuing long-term growth in&nbsp;China&nbsp;and the global markets,&#8221; said Chief Financial Officer&nbsp;Jie Li.
Price Action:&nbsp;CAAS shares are up 3.17% at $3.900 premarket at the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Equities

Small Cap

China Automotive Systems Tops Q2 Revenue Estimates, Electric Power Steering Sales Drive Growth

China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) reported quarterly earnings of $0.24 per share. This is a 31.43 percent decrease over earnings of $0.35 per share from the same period last year. The company reported quarterly sales of $158.61 million which beat the analyst consensus estimate of $137.41 million by 15.43 percent. This is a 15.43 percent increase over sales of $137.41 million the same period last year.

China Automotive Systems Q2 EPS $0.24 Down From $0.35 YoY, Sales $158.61M Beat $137.41M Estimate

WIIM

China Automotive Systems shares are trading higher after the company declared a $0.80 special cash dividend.

China Automotive Systems Declared Special Cash Dividend Of $0.80 Per Common Share, Payable On Or About August 22

<h3>Gainers</h3>
<ul>
<li>Faraday Future (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) shares increased by 16.8% to $1.39 during Monday's pre-market session. The market value of their outstanding shares is at $59.3 million. </li>
<li>Deckers Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) shares increased by 12.9% to $1021.36. The company's market cap stands at $26.2 billion. As per the news, the Q4 earnings report came out 2 days ago. </li>
<li>Cenntro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CENN#NASDAQ">CENN</a>) shares moved upwards by 9.37% to $1.9. The company's market cap stands at $58.6 million. </li>
<li>China Liberal Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLEU#NASDAQ">CLEU</a>) stock moved upwards by 7.54% to $1.14. The market value of their outstanding shares is at $3.8 million. </li>
<li>China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) shares increased by 7.44% to $3.75. The market value of their outstanding shares is at $113.1 million. </li>
<li>Ross Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>) stock rose 6.93% to $141.0. The company's market cap stands at $47.2 billion. The company's, Q1 earnings came out 2 days ago. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Barnes &amp; Noble Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) shares declined by 16.8% to $0.66 during Monday's pre-market session. The market value of their outstanding shares is at $34.9 million. </li>
<li>SRIVARU Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) shares declined by 12.16% to $0.18. The company's market cap stands at $5.7 million. </li>
<li>Forza X1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRZA#NASDAQ">FRZA</a>) shares decreased by 9.98% to $0.41. The market value of their outstanding shares is at $6.4 million. </li>
<li>Forward Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORD#NASDAQ">FORD</a>) stock fell 9.28% to $0.49. The market value of their outstanding shares is at $4.9 million. </li>
<li>Twin Vee PowerCats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEE#NASDAQ">VEEE</a>) shares declined by 6.85% to $0.63. The company's market cap stands at $5.9 million. </li>
<li>Jeffs Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFBR#NASDAQ">JFBR</a>) stock declined by 6.79% to $0.31. The market value of their outstanding shares is at $1.8 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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<h3>Gainers</h3>
<ul>
<li>Faraday Future (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIE#NASDAQ">FFIE</a>) stock increased by 12.6% to $1.34 during Friday's pre-market session. The company's market cap stands at $57.1 million. </li>
<li>Zapp Electric Vehicles (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>) shares increased by 9.8% to $1.12. The market value of their outstanding shares is at $3.5 million. </li>
<li>Deckers Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) shares rose 8.93% to $985.5. The company's market cap stands at $25.2 billion. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Lanvin Group Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LANV#NYSE">LANV</a>) shares rose 8.78% to $1.61. The market value of their outstanding shares is at $188.8 million. </li>
<li>China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) stock rose 7.44% to $3.75. The company's market cap stands at $113.1 million. </li>
<li>Naas Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAAS#NASDAQ">NAAS</a>) shares increased by 7.18% to $0.38. The market value of their outstanding shares is at $97.1 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Barnes &amp; Noble Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) stock decreased by 17.2% to $0.65 during Friday's pre-market session. The company's market cap stands at $34.7 million. </li>
<li>Phoenix Motor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEV#NASDAQ">PEV</a>) shares fell 12.26% to $0.62. The market value of their outstanding shares is at $21.6 million. </li>
<li>SRIVARU Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) stock declined by 11.72% to $0.18. The market value of their outstanding shares is at $5.7 million. </li>
<li>Lulus Fashion Lounge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVLU#NASDAQ">LVLU</a>) shares decreased by 11.62% to $1.75. The market value of their outstanding shares is at $72.3 million. </li>
<li>Forza X1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRZA#NASDAQ">FRZA</a>) shares fell 10.2% to $0.41. The market value of their outstanding shares is at $6.4 million. </li>
<li>Jeffs Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFBR#NASDAQ">JFBR</a>) shares fell 7.38% to $0.31. The company's market cap stands at $1.8 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

LANV

NAAS

ZAPP

China Automotive Systems, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) reported first-quarter earnings per share of 27 cents,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/n38809419/china-automotive-systems-reports-17-4-increase-in-earnings-per-share-in-the-first-quarter-of-2024" rel="noreferrer noopener">up from 23 cents year over year</a>.
Net sales were $139.4 million, down 2% year over year. Net sales of traditional steering products and parts were $92 million, down from $94.4 million year over year, while those from electric power steering products and parts were $47.4 million, almost flat.
Gross profit increased by 11.6% to&nbsp;$24.1 million. Gross&nbsp;margin expanded to 17.3% from 15.2% in the year-ago period.
Income from operations increased by 26.0% to $9.7 million in the <a href="https://www.benzinga.com/earnings">quarter under review.</a>
Cash&nbsp;and&nbsp;equivalents,&nbsp;and short-term investments were&nbsp;$135.8 million&nbsp;as of&nbsp;March-end.
International sales&nbsp;were mixed&nbsp;as sales in&nbsp;Brazil&nbsp;continued its growth trend with a 17.6% year-over-year sales rise.&nbsp;However, North American sales were down by 12.4% year-over-year, mainly due to temporary lower product sales to&nbsp;Stellantis N.V.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>).
&#8220;We continued to invest in our products as research and development (&#8220;R&amp;D&#8221;) expenses remained stable,&#8221; said&nbsp;Qizhou Wu,&nbsp;chief executive officer of the company.&nbsp;
Outlook:&nbsp;The company has reiterated revenue guidance for the full fiscal year 2024 of&nbsp;$605.0 million&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">versus&nbsp;the $593.11 million estimate</a>.
Price Action: CAAS shares are trading higher by 0.01% to $3.4303 at last check Tuesday. 
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What's Going On With China Automotive Stock After Posting Lower Product Sales To Stellantis In Q1?

China Automotive Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) reported quarterly earnings of $0.27 per share. This is a 17.39 percent increase over earnings of $0.23 per share from the same period last year. The company reported $139.39 million in sales this quarter. This is a 2.00 percent decrease over sales of $142.24 million the same period last year.

China Automotive Systems Q1 EPS $0.27 Up From $0.23 YoY, Sales $139.39M Down From $142.24M YoY

China Automotive Systems, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAAS#NASDAQ">CAAS</a>) shares are trading higher after the company reported fourth-quarter FY23 sales&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/n37976994/china-automotive-systems-reports-record-annual-revenue-and-a-81-2-increase-in-diluted-net-income-p" rel="noreferrer noopener">growth of 23.6% year-on-year to $159.20 million</a>.
The gross profit margin expanded by 240 basis points Y/Y to 21.8%, and the gross profit climbed 38.8% to $34.7 million.
The operating income for the quarter was $13.6 million versus an operating loss of $(2.6) million in the fourth quarter of 2022.
The company held total cash and cash equivalents, pledged cash and short-term investments of $166.3 million at year end.
Net income attributable to the parent company&#8217;s common shareholders rose by 153.5% to $10.9 million from $4.3 million last year.
The company reported an EPS of $0.36 compared to $0.14 last year.
&#8220;We expect our North America business to recover in 2024 and domestic China market to stabilize. We remain optimistic about our market positions as many of our Chinese OEM customers are preparing for aggressive global expansion,&#8221; said CEO Qizhou Wu.
Outlook: China Automotive Systems expects FY24 revenue of $605 million against an estimate of $593.11 million
Price Action: CAAS shares are trading higher by 7.12% at $3.61 in premarket Thursday.

Why China Automotive Systems Shares Are Shooting Higher Today

China Automotive shares are trading higher after the company issued FY24 revenue guidance above consensus estimates.

Press Releases

China Automotive Systems Reports 17.4% Increase in Earnings Per Share in the First Quarter of 2024

Dividends

China Automotive Systems Announces Special Cash Dividend

China Automotive Systems to Announce Unaudited 2024 Second Quarter Financial Results on August 13, 2024

China Automotive Systems Reports Income From Operations Increased by 38.7% in the Second Quarter of 2024

China Automotive Systems Announces Annual Meeting on September 24, 2024

China Automotive Systems to Announce Unaudited 2024 Third Quarter Financial Results on November 13, 2024

China Automotive Systems Reports Sales Increased by 19.4% in the Third Quarter of 2024

China Automotive Systems Announces Share Repurchase Program Up To $5 Million

China Automotive Systems Wins Supplier Awards From Leading OEMs

China Automotive Systems Announces Subsidiary's Annual Sales Milestone of 5 Million Units and New Driver Assist Products in Mass Production

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