Últimas noticias sobre Holley (NYSE:HLLY) Bolsa

Holley

Holley Inc is a designer, marketer, and manufacturer of high-performance automotive aftermarket products, featuring a portfolio of iconic brands serving the car and truck industry. It offers a diversified line of performance automotive products including fuel injection systems, tuners, exhaust products, carburetors, safety equipment and various other performance automotive products. The Company's products are designed to enhance street, off-road, recreational and competitive vehicle performance through increased horsepower, torque and drivability. The company's brands include Holley, APR, MSD and Flowmaster, among others. It derives revenue from the U.S. and Italy, of which prime revenue is derived from the U.S.

Holley Inc

Mizuho analyst David Bellinger maintains CarMax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) with a Neutral and raises the price target from $72 to $80.

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Mizuho Maintains Neutral on CarMax, Raises Price Target to $80

JP Morgan analyst Anthony Paolone downgrades Kimco Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KIM#NYSE">KIM</a>) from Overweight to Neutral and announces $26 price target.

Downgrades

JP Morgan Downgrades Kimco Realty to Neutral, Announces $26 Price Target

Needham analyst Joseph Stringer maintains Ionis Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONS#NASDAQ">IONS</a>) with a Buy and maintains $60 price target.

IONS

Needham Maintains Buy on Ionis Pharmaceuticals, Maintains $60 Price Target

TAOP

Taoping Announced That It Received Notification From The Nasdaq Stock Market Confirming The Company Has Been Granted An Additional 180 Calendar Day Period For Compliance Under Its Minimum Bid Price Requirement Through June 16, 2025

JP Morgan analyst Michael Mueller downgrades Healthcare Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HR#NYSE">HR</a>) from Overweight to Neutral and announces $19 price target.

JP Morgan Downgrades Healthcare Realty Trust to Neutral, Announces $19 Price Target

JP Morgan analyst Michael Mueller downgrades Lineage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LINE#NASDAQ">LINE</a>) from Overweight to Neutral and lowers the price target from $78 to $75.

LINE

JP Morgan Downgrades Lineage to Neutral, Lowers Price Target to $75

HC Wainwright &amp; Co. analyst Arthur He maintains LAVA Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVTX#NASDAQ">LVTX</a>) with a Buy and lowers the price target from $6 to $2.

LVTX

HC Wainwright & Co. Maintains Buy on LAVA Therapeutics, Lowers Price Target to $2

Contracts

AECOM Says Awarded Several New Positions On Additional AMP8 UK Water Infrastructure Frameworks

SBC Medical Group Holdings Says Its Unit SBC Medical Group Co. Has Decided To Sell All Shares Of Its Subsidiaries, SBC Kijimadaira Resort Co And Skynet Academy Co

XCharge said it is committed to sound corporate governance and transparent communication with its shareholders. The Company's operations continue as normal, and its financial condition remains strong.
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XCHG Says It Is Not Aware Of Any Material News Or Events That Would Account For Unusual Trading Activity

<a href="https://www.nhtsa.gov/search-safety-issues#recall_43">December 17, 2024 NHTSA CAMPAIGN NUMBER: 24V935000</a>
<a href="https://www.nhtsa.gov/search-safety-issues#recall_43">TPMS Light May Not Remain Illuminated/FMVSS 138</a>
<a href="https://www.nhtsa.gov/search-safety-issues#recall_43">Software Update Repairs Recall</a>
<a href="https://www.nhtsa.gov/search-safety-issues#recall_43">Driving with improperly inflated tires increases the risk of a crash.</a>
NHTSA Campaign Number:&nbsp;24V935000
Manufacturer&nbsp;Tesla, Inc.
Components&nbsp;TIRES
Potential Number of Units Affected&nbsp;694,304
Summary
Tesla, Inc. (Tesla) is recalling certain 2024 Cybertruck, 2017-2025 Model 3, and 2020-2025 Model Y vehicles. The tire pressure monitoring system (TPMS) warning light may not remain illuminated between drive cycles, failing to warn the driver of low tire pressure. As such, these vehicles fail to comply with the requirements of Federal Motor Vehicle Safety Standard number 138, "Tire Pressure Monitoring Systems."
Remedy
Tesla released an over-the-air (OTA) software update, free of charge. Owner notification letters are expected to be mailed February 15, 2025. Owners may contact Tesla customer service at 1-877-798-3752. Tesla's number for this recall is SB-24-00-018.
Notes
Owners may also contact the National Highway Traffic Safety Administration Vehicle Safety Hotline at 1-888-327-4236 (TTY 1-800-424-9153), or go to <a href="http://www.nhtsa.gov" title="www.nhtsa.gov">www.nhtsa.gov</a>.

TSLA

NHTSA Announced Earlier, Tesla Recalls 2024 Cybertruck, 2017-2025 Model 3, And 2020-2025 Model Y For TPMS Warning Light Issue; OTA Fix Released, Owner Notification Letters To Be Mailed Feb. 15, 2025

Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) chief Hock Tan expressed enormous conviction over the sustainability of the <a target="_blank" href="https://www.benzinga.com/topic/ai" rel="noreferrer noopener">artificial intelligence frenzy</a> as Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and TikTok parent ByteDance splurged on designing custom processors that accelerate training and deployment of AI systems, the Financial Times reports.
Reportedly, OpenAI and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) also tapped Broadcom to develop their AI server chips to diversify their exposure to Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
Broadcom stock has surged over 101% year-to-date.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/downgrades/24/12/42561430/match-group-analyst-flags-tinder-woes-industry-challenges-for-stock-downgrade" rel="noreferrer noopener">Match Group Analyst Flags Tinder Woes, Industry Challenges For Stock Downgrade</a>
Tan <a target="_blank" href="https://www.ft.com/content/5b4160b7-6920-4bf2-a1a8-f1404b513d8f" rel="noreferrer noopener">told</a> FT that he expected the demand to continue for at least ten years, citing their enormous return potential.
Tan stressed to the FT that clients were intensely ramping up AI infrastructure investment plans spanning three to five years.
He does not expect the phenomenon to lose steam until his clients run out of finances.
Last week, Tan told investors Broadcom <a target="_blank" href="https://www.benzinga.com//node/42488220" rel="noreferrer noopener">could generate</a> tens of billions of dollars in additional annual revenue from AI chips by 2027.
Tan&#8217;s experience and dealmaking prowess fuelled speculation of rescuing struggling chipmaker Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>). However, Tan claimed no hostile offers since 2018, when it was tracking Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), which succumbed to regulatory opposition.
Tan backed his thesis by citing investments by OpenAI and Elon Musk&#8217;s xAI in data centers in 2024.
Tan told the FT that its customers will build clusters of up to 1 million AI chips by 2027. However, Tan said that even 1 million chips may not suffice the AI ambitions of OpenAI and Anthropic.
Broadcom&#8217;s stock price rallied 24% in a single day last Friday after its AI revenues had surged by 220% in fiscal 2024. The chipmaker added over $200 billion to its market cap, breaching the $1 trillion milestone for the first time.
Rosenblatt&#8217;s Hans Mosesmann&nbsp;expects <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42489281/broadcoms-ai-chip-leadership-puts-pressure-on-nvidia-and-marvell-analysts-say" rel="noreferrer noopener">Broadcom&#8217;s growing moat</a> in expanding custom-chip (ASIC) AI and surging AI opportunities to intensify the rivalry with Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and Nvidia. B of A Securities&#8216; Vivek Arya&nbsp;credited Broadcom with maintaining a position at customer Apple.
Investors can gain exposure to Broadcom through Amplify ETF Trust Amplify Cybersecurity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HACK#NYSE">HACK</a>) and First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDIV#NASDAQ">TDIV</a>).
Price Action:&nbsp;AVGO stock closed lower by 2.37% at $218.32 Thursday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/24/12/42561240/salesforces-ai-powered-agentforce-20-spurs-analyst-upgrades-and-growth-optimism" target="_blank" rel="noreferrer noopener">Wall Street Analysts Are Bullish On Salesforce&#8217;s AI Vision &#8211; Here&#8217;s Why</a></li>
</ul>
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AVGO

GOOG

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NVDA

QCOM

TDIV

Broadcom Expects Decade-Long AI Chip Boom as Big Tech Invest Billions

HC Wainwright &amp; Co. analyst Yi Chen reiterates Veru (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERU#NASDAQ">VERU</a>) with a Buy and maintains $3 price target.

Reiteration

VERU

HC Wainwright & Co. Reiterates Buy on Veru, Maintains $3 Price Target

ALSA

Alpha Star Acquisition Corporation Reveals Receipt Of Letter From Nasdaq Regarding Failure To Complete Initial Business Combination

Offerings

ENGN

Engene Holdings Said Entered Into Open Market Sale Agreement, May Offer & Sell Common Shares Of Up To $100M

VRCA

Verrica Provides Business And Operational Update: Says Dispensed Applicator Units In Q4 Have Exceeded Complete Prior Quarter Even With Significant Cost Reductions In Sales And Operational Infrastructure, Observed Significant Reduction In Ycanth Distributor Inventory Levels

The Company has issued a Worker Adjustment and Retraining Notification&nbsp;Act (WARN Act) notice (the Notice) to its employees at the Company's Bolingbrook, Illinois and Troy, Michigan facilities, as well as to substantially all of its remaining employees in the states of Illinois and Michigan.&nbsp;
Hyzon cited its inability to raise funding and the future uncertainty relating to the availability of government subsidies, most notably the California Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project, which the Company believes has caused certain of its customers to slow down or suspend their purchasing decisions.
If the Company cannot raise funds or find a buyer, it is expected that the reduction in force will be completed in February 2025.

HYZN

Hyzon Issues Worker Adjustment And Retraining Notification, Citing Its Inability To Raise Funding And The Future Uncertainty Relating To Availability Of Government Subsidies

HC Wainwright &amp; Co. analyst Andrew Fein reiterates Prothena Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRTA#NASDAQ">PRTA</a>) with a Buy and lowers the price target from $84 to $48.

PRTA

HC Wainwright & Co. Reiterates Buy on Prothena Corp, Lowers Price Target to $48

Guidance

Winnebago Industries Sees FY25 Revenues Of $2.9B-$3.2B Vs. $2.99B Estimate, Projects Adjusted Eps Of $3.10-$4.40 Vs. $3.39 Estimate (Compared With A Prior Range Of $3.00-$4.50)

The seven-year agreement strengthens Air Industries' pivotal role in supporting one of the U.S. Department of Defense's most important procurement programs.

AIRI

Air Industries Secures Long-term Contract Valued At More Than $33M To Manufacture, Supply Complex Components For CH-53K King Stallion Helicopter Program

Sees Q4 adjusted EBITDA $24M-$29M. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> ...

Holley sees Q4 revenue $133M-$143M, consensus $154.3M

Holley Inc. 2024 Q3 - Results - Earnings Call Presentation

Holley Inc. ( ($HLLY) ) has released its Q3 earnings. Here is a breakdown of the information Holley Inc. presented to its investors. Holley Perform...

Holley Inc. Reports Q3 2024 Earnings Amid Strategic Shifts

Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on Holley (HLLY – Research Report), Playags (A...

Analysts Have Conflicting Sentiments on These Consumer Cyclical Companies: Holley (HLLY), Playags (AGS) and OneSpaWorld Holdings (OSW)

Telsey Advisory lowered the firm's price target on Holley (HLLY) to $4.50 from $5.50 and keeps an Outperform rating on the shares. While the compan...

Holley price target lowered to $4.50 from $5.50 at Telsey Advisory

In a report released yesterday, Brian McNamara from Canaccord Genuity maintained a Buy rating on Holley (HLLY – Research Report), with a price targ...

Holley Inc.: Buy Rating Reaffirmed Despite Q3 Underperformance, Highlighting Long-Term Growth Potential

Holley (HLLY) reported strong financial results for the third quarter. With the solid demand for its product offerings, innovative offerings, and expanding industry-wide footprint, the company is poised for continued growth. So, let's determine whether Holley is an ideal addition to your portfolio. Read more to find out... Holley Inc. (<a href="https://stocknews.com/stock/HLLY/">HLLY</a>) operates as a designer, manufacturer, and marketer of automotive aftermarket products for car and truck enthusiasts internationally. The company's products span various automotive platforms and sell across multiple channels. In the recently reported quarter, the company posted net sales of $134.04 million, and its adjusted gross profit was $52.31 million.
Recently, the company expanded its presence at the annual Specialty Equipment Market Association (SEMA) show with a larger showcase space, demonstrating its global leadership in the automotive performance aftermarket. With its portfolio of over 70 top brands, HLLY's SEMA booth featured innovative and cutting-edge platform solutions designed for automotive enthusiasts.
During the third quarter, Holley expanded its innovative product portfolio through brands like Baer Brakes and Simpson. Baer Brakes released Baer BIG Claw Performance Brake Kits and Baer Claw Rotors, which improve the vehicle's stopping power and elevate the overall style, look, and feel. Also, Simpson launched its Devil Ray 3.0 and Desert Devil 3.0 racing and off-road helmets.
These innovations continue reinstating Holley's position in the high-performance automotive aftermarket industry, widening its product offerings and market share. Also, in the last reported quarter, the company achieved growth in significant areas of the business and financial operations, including a 16% year-over-year increase in its direct-to-consumer channel through its well-executed marketing calendar.
Matthew Stevenson, President and CEO of Holley, commented, "We continued our progress in our organizational transformation through the third quarter and are encouraged by the immediate impact that our new team members have made in their short time here. Of note, digital modernization and customer service optimization, B2B sales capabilities, new and targeted product launches, and revamped pricing strategy have all been upgraded within the last year and are well positioned to drive our organic growth engine."
According to the fiscal 2024 fourth-quarter outlook, HLLY expects net sales between $133 million and $143 million. The company's adjusted EBITDA is expected to range from $24 million to $29 million.
For the full fiscal year, the company has its net sales guidance between $595 million and $605 million. Its adjusted EBITDA is expected to be $115 million - $120 million.
Shares of HLLY have surged 1.5% over the past month to close its last trading session at $2.76.
Let's look at factors that could influence HLLY's performance in the upcoming months.
Positive Recent Development
On October 15, HLLY's Flowmaster launched the Flowmaster Signature Series, the brand's new premium exhaust line. It is engineered for increased power and performance. The next-generation exhaust system provides a finely tuned sound and features brushed stainless steel for a clean, high-end look that resists premature rusting.
The Flowmaster Signature Series reflects HLLY's commitment to delivering performance, safety, fun, and excitement to automotive enthusiasts. It is made of top-line materials and delivers significant gains in power and torque over stock exhaust systems. The Signature Series also features a unique, user-friendly design, allowing simple at-home installation.
Also, on September 26, HLLY's Baer Brakes launched Baer BIG Claw Performance Brake Kits and Baer Claw Rotors. They are designed for modern truck enthusiasts to improve a vehicle's stopping power and elevate the overall style, look, and feel. Popular vehicle fitments for the new Baer products include the Ford F-150, Ford Bronco, Ram Trucks, Jeep JL/JT, Chevrolet Silverado 1500, and Chevrolet Suburban.
Robust Financials
HLLY reported net sales of $462.17 million during the nine months that ended September 29, 2024, and its adjusted gross profit was $183.49 million. The company's <a href="https://www.investopedia.com/terms/a/adjusted-ebitda.asp">adjusted EBITDA</a> came in at $118.71 million for the period.
In addition, the company's adjusted net income came in at $12.25 million and $0.10 per share for the period, respectively. Also, its free cash flow was $40.05 million.
Furthermore, the company's cash and cash equivalents stood at $50.75 million as of September 30, 2024, compared to $41.08 million as of December 31, 2023.
Low Valuation
In terms of forward EV/EBITDA, HLLY is currently trading at 7.48x, 28.7% lower than the industry average of 10.49x. The stock's forward P/E of 19.71x is considerably lower than the industry average of 19.83x.
Additionally, the stock's forward EV/EBIT and Price/Sales of 13.77x and 0.53x are 14% and 46.3% lower than the industry averages of 16.01x and 1x, respectively.
Favorable Analyst Estimates
Analysts expect HLLY's revenue for the second quarter (ending June 2025) to increase 3.5% year-over-year to $175.37 million. The consensus EPS estimate of $0.12 for the same quarter indicates a 15.7% year-over-year improvement.
For the fiscal year ending December 2025, the company's revenue and EPS are expected to grow 4.1% and 170.4% year-over-year to $631.79 million and $0.30, respectively.
High Profitability
HLLY's trailing-12-month EBIT margin of 11.62% is 42.1% higher than the industry average of 8.17%. Its trailing 12-month gross profit margin of 38.02% is higher than the industry average of 37.57%. Similarly, its trailing 12-month levered FCF margin of 11.85% is 144.6% higher than the industry average of 4.84%.
POWR Ratings Reflect Promise
HLLY's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, translating to a Buy in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. HLLY has a B grade for Value, which is in sync with the company's lower valuation.
In addition, the stock has a B grade for Quality, consistent with its higher-than-industry profitability.
HLLY is ranked #6 in the 60-stock B-rated <a href="https://stocknews.com/category/auto-parts/">Auto Parts</a> industry.
Beyond what I have stated above, we have also given HLLY grades for Sentiment, Growth, Momentum, and Stability. Get access to all the HLLY Ratings <a href="https://stocknews.com/stock/HLLY/">here</a>.
Bottom Line
HLLY is a leading automotive aftermarket products manufacturer and provider. The company recently reported solid earnings for the third quarter of fiscal 2024. The company's strong industry footing, strategic initiatives, expanding product portfolio, and solid financial performance position it for bright long-term prospects. So, this stock could be an ideal buy now.
How Does Holley Inc. (HLLY) Stack Up Against Its Peers?
While HLLY has an overall POWR Rating of B, investors could also check out these other stocks within the B-rated <a href="https://stocknews.com/category/auto-parts/">Auto Parts</a> industry with A (Strong Buy) or B (Buy) ratings:
Ituran Location &amp; Control Ltd. (<a href="https://stocknews.com/stock/ITRN/">ITRN</a>)
Allison Transmission Holdings, Inc. (<a href="https://stocknews.com/stock/ALSN/">ALSN</a>)
Compagnie Generale des Etablissements Michelin ADR (<a href="https://stocknews.com/stock/MGDDY/">MGDDY</a>).
For exploring more A and B-rated auto parts stocks, <a href="https://stocknews.com/category/auto-parts/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

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HLLY shares were trading at $2.78 per share on Monday afternoon, up $0.02 (+0.72%). Year-to-date, HLLY has declined -42.92%, versus a 26.92% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/hlly-itrn-alsn-mgddy-is-holleys-dominance-in-automotive-aftermarket-a-buy-signal/>Is Holley's Dominance in Automotive Aftermarket a Buy Signal?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Holley's Dominance in Automotive Aftermarket a Buy Signal?

Holley: A Long Drive Ahead

Truist Financial analyst Michael Swartz assigned a Buy rating to the stock today. The company's shares closed yesterday at $2.86. Swartz covers the...

Truist Financial Gives a Buy Rating to Holley (HLLY)

ALSN

HLLY

ITRN

MGDDY

Press Releases

APR and Dinan to Host Euro Enthusiasts at Opelika, Alabama Facility

Flowmaster Introduces Signature Series Premium Exhaust Line

Stilo Celebrates 25 Years of Safety and Racing Excellence

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Holley Performance Brands to Release Third Quarter 2024 Results on November 8, 2024

Holley Performance Brands Expands Footprint at SEMA to Showcase Global Aftermarket Leadership

Holley Reports Third Quarter 2024 Results;
Execution Upon Strategic Initiatives Driving Growth in Key Areas of the Business
Completed Another Successful Event Season With Strong Enthusiast Engagement

MidOcean Partners Acquires Arnott Industries, a Leading Suspension Products Platform for the Auto Aftermarket

Holley to Attend Upcoming Investor Conferences

Holley Performance Brands' Enhanced Operational Performance and Recent Credit Upgrades Have Enabled an Amendment to the Revolving Credit Facility, Creating a Covenant-Lite Capital Structure

Holley Performance Brands to Showcase Safety and Racing Innovations at PRI 2024

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