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Markets and analysts upbeat on Halfords 52-week trading statement

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Financial markets have responded very positively to Halfords Group’s most recent 52-week trading statement, with the automotive retailer’s shares up between 12 and 13 per cent at the time of going to press. For a greater insight into what has pleased investors – especially as it pertains to Autocentres part of the business – we dived into analysis published by Peel Hunt and Zeus Capital and found that sales growth and Fusion town-driven autocentre results and strategy put a smile on their faces.

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Related news:

  1. Analysts welcome Halfords upgrade to 2025 figures, but remain ‘cautious’ regarding 2026
  2. Halfords reports ‘strong finish’ to 2025, shares rally
  3. Halfords shares up 11% after first-half 2025 results
  4. Autocentres drive strong Halfords 20-week figures
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Deutsche Bank upgrade preceded Goodyear stock bounce

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In the days preceding President Trump’s official global tariff announcement and Goodyear’s resultant share price bounce, Deutsche Bank analysts upgraded their rating on Goodyear Tire & Rubber stock from Hold to Buy. The upgrade signalled Deutsche Bank’s growing confidence in Goodyear’s operational strategy and its ability to deliver the goals of its turnaround strategy.

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Related news:

  1. Goodyear’s Turnaround Delayed?
  2. Recommendation For Goodyear Shares Also
  3. Goodyear: Hold
  4. Goodyear’s Pension Funded Status worrying
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Connected tyre market to reach $179 million in 2029

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Worldwide sales of connected tyres will top 91,000 units for the first time in 2024, achieving a value of $23.23 million, according to research by Smithers. Across the next five years, value is expected increase rapidly at a compound annual growth rate (CAGR) of 50.5 per cent driving value to $179.51 million in 2029, at constant prices. During the same period, volume is expected to climb to 871,000 units.

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Related news:

  1. Michelin to fit RFID in all car and truck tyres by 2023
  2. Do markets dream of electric cars?
  3. JK Tyre markets ‘tyres with a brain’
  4. Gaining a Cerebrum helps make tyres smarter
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Fleet demand softening in Europe, but ‘inflection’ coming

Analysts believe that freight markets will improve over time as capacity reduces and demand increases, but the consensus is that this will largely be felt in 2025 rather than right now. “We are in a drawn-out stage of carrier attrition. We saw some signs of spot market movement but nothing suggesting an immediate shift in the market. We’re encouraged to see positive signs but need more evidence before we call an inflection”, Jefferies analysts wrote in an investor’s note dated 6 August 2024, adding:

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Related news:

  1. Were communications issues behind premium tyremakers share price drop?
  2. Conti shares rated as a post-US election ‘buy’
  3. Michelin third-quarter 2022 sales ‘strong’ – analysts
  4. Analysts: Conti ’missed’ EBIT by 15%, notwithstanding better Tires performance
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Michelin leading premium tyremakers in year-on-year share price performance

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Michelin is leading the pack when it comes to share price performance amongst the top five tyremakers in the past year. Indeed, while other tyremakers have been experiencing falling stock prices, Compagnie Générale des Établissements Michelin recently passed above its two hundred day moving average. But when you compare the one-year share price performance of Michelin, Bridgestone, Goodyear, Continental and Pirelli, Michelin is the clear leader.

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Related news:

  1. Share Movements In The Tyre Industry
  2. Giti enters the top 10 of leading tyre manufacturers
  3. Zhongce Rubber enters global top ten tyre manufacturers
  4. Tyre makers honoured with GM & Ford supplier awards
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Michelin share price beats 200-day moving average

While other tyremakers have been experiencing falling stock prices, Compagnie Générale des Établissements Michelin recently passed above its two hundred day moving average. On Monday 17 June, the stock surpassed its two hundred day moving average of €33.99 ($36.55) and traded as high as €38.04 ($40.90).

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Related news:

  1. DuPont acquisition of Danisco finalised
  2. Darren Wells sells $1M of Goodyear shares
  3. Goodyear Declares Dividend on Common Stock
  4. Were communications issues behind premium tyremakers share price drop?
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Goodyear shares fall to 52-week low, but institutional investors are buying

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Goodyear Tire & Rubber Company shares fell to a 52-week low during trading on Tuesday 18 June 2024. Specifically, the stock price fell as low as $11.24 having previously closed at $11.53. However, there is also evidence that institutional investors are increasingly interested in the tyremaker’s shares.

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Related news:

  1. Goodyear launches private offering to raise funds for Cooper Tire acquisition
  2. Are the wagons or vultures circling at Goodyear? Analysing Elliott Investment Management’s case for change
  3. Michelin share price beats 200-day moving average
  4. Investment Fund Secures 5.5% Stake in Goodyear
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Pirelli: Silk Road stake sale appealing, say analysts

Pirelli

Following that news that Pirelli shareholder Silk Road is selling a roughly 9 per cent stake in the company, financial analysts have described the investment opportunity as “appealing”

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Related news:

  1. Pirelli shareholder block evaluating early agreement dissolution
  2. Rosneft buys 13 per cent of Pirelli
  3. Pirelli and ChemChina agree closing date, triggering mandatory tender offer
  4. Regulator approves ChemChina/Pirelli offers
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Pirelli outperforms expectations in Q1 2024 results, pointing to better Q2

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Financial analysts have said Pirelli’s first quarter 2024 results feature “strong sales”, which outperformed consensus estimates by 1 per cent. During the same period pre-tax profits (adjusted earnings before interest and taxes [EBIT] outperformed expectation at twice that rate [+2 per cent compared with the analysts consensus].

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Related news:

  1. Davanti unveils wave of new product, partnership news at first conference
  2. Conserving costs, maximising business: Apollo Tyres’ response to the coronavirus pandemic
  3. Raw materials to become a headwind for tyremakers in 2H24 – analysts
  4. Six Pirelli tyres for Lamborghini Urus SUV
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Continental 1Q: “Buy” but work to do to hit guidance – analysts

Rating Continental shares as “buy” financial analysts at Jefferies responded to Continental AG’s first quarter 2024 financial results by noting that Conti has “a lot of work to do in the remaining three quarters” to reach its projected results. Continental AG’s first quarter sales 2024 were -5 per cent year-on-year and margins are “in line with pre-released numbers”.

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Related news:

  1. Analysts: Conti ’missed’ EBIT by 15%, notwithstanding better Tires performance
  2. Conti shares rated as a post-US election ‘buy’
  3. Continental expected to outperform Q4 2020 estimates
  4. Raw materials to become a headwind for tyremakers in 2H24 – analysts
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Raw materials to become a headwind for tyremakers in 2H24 – analysts

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Publishing its latest tracker of premium European tyremakers financial fundamentals, financial analysts report that pricing is currently a headwind and raw materials a tailwind year-to-date, however, raw materials will shift to a headwind in the second-half of 2024.

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Related news:

  1. Pirelli financial performance the strongest of European premium tyre brands – analysts
  2. Tyre Manufacturers In Global E-Commerce Initiative
  3. Analysts highlight ‘difference in momentum’ between Continental and Michelin results
  4. Tyre makers & the Russia dilemma
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AEB market to reach $68.25 billion by 2033

In 2022, the automotive emergency braking (AEB) systems market was estimated to be worth US$29.52 billion. And the industry is projected to be valued at $31.61 billion by the end of 2023, both figures according to a recently published Future Market Insights report. In addition, the global market for AEB systems will likely expand at an 8 per cent compound annual growth rate (CAGR) over the course of the next decade, with a projected value of $68.25 billion by 2033.

Read more

Related news:

  1. Global ADAS market to surpass 302 million units a year in 2022
  2. Why sensorisation means ADAS and ADAS means calibration equipment
  3. ADAS market set to reach $211.71 billion by 2034
  4. Brembo fourth-quarter net profit up +17.5%
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Does Apollo occupy 35% of the Indian tyre market?

At the start of 2022, several sources on social media shared a chart suggesting that Apollo Tyres is the biggest tyre manufacturer by market share. And what’s more, Michelin was nowhere to be seen. “Don’t believe every meme you see” is great advice for everyone, but for us “check your sources” is a basic rule of thumb. So, we had to take a closer look at those market share claims and found that, while there’s no smoke without fire and they do relate some truth, there is also a fair bit more to the story.

Read more

Related news:

  1. Indian tyre makers investing to boost local rubber production
  2. Indian Tyremakers to Spend £670 million
  3. Sonil Ventilfabrik Hosts 27th ITTAC Meeting
  4. Lower rubber prices push up Indian tyre shares
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Analysts: Conti ’missed’ EBIT by 15%, notwithstanding better Tires performance

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Following the news that Continental AG has pre-released fourth-quarter 2020/full-year 2022 sales, adjusted pre-tax profit (EBIT) margin and free-cash-flow figures, financial analysts immediately began sharing their verdict.

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Related news:

  1. VW reports first quarterly loss in 15 years
  2. Continental expected to outperform Q4 2020 estimates
  3. Michelin third-quarter 2022 sales ‘strong’ – analysts
  4. Volume and price-mix performance current keys to success of premium tyre brands
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Michelin third-quarter 2022 sales ‘strong’ – analysts

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Following the news that Michelin reported third-quarter 2022 group sales of 6,012 million euros, financial analysts responded by describing the company’s results as “strong”. Michelin’s third-quarter sales figure is both up 8.7 per cent year-on-year and 3.6 per cent above the consensus of analyst expectations (5,801 million euros).

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Related news:

  1. Were communications issues behind premium tyremakers share price drop?
  2. Michelin publishes Universal Registration Document
  3. Michelin sales contract 20.6% in first half of 2020
  4. Conti shares rated as a post-US election ‘buy’
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