Li Auto (NSD:LI) has seen its stock rise by over 5% in pre-market hours after reporting more than double profit expectations for Q4, as well as record deliveries. In the reported quarter, the Chinese electric vehicle manufacturer achieved adjusted earnings per American Depository Share of $0.13, surpassing expectations of $0.06. Meanwhile, revenue increased by 66.2% year-over-year to $2.56 billion, narrowly exceeding estimates. Li Auto (NSD:LI) delivered 46,319 units in Q4, up by 31.5% year-over-year, although vehicle margin contracted by 230 basis points. CEO Xiang Li highlighted that Li L9 continued to dominate the monthly full-size SUV sales chart in China, while Li L8 proved to be one of China’s best-selling large SUVs. CFO Tie Li added that strong delivery dynamics and cost management should defend margins while keeping revenue growth on its current trajectory. For Q1 2023, the company forecasts deliveries to range from 52,000 to 55,000, representing an increase of 64% to 73.4% YoY, while revenue is expected to be between $2.53 billion and $2.68 billion, beating consensus estimates. The automaker’s stock rose 5.04% in pre-market trading on significant volume, boosted by the positive results.
Li Auto Inc. Stock Analysis:
Li Auto Inc. receives a Strong Buy rating with an average analyst target price of USD 32.63 for the next 12 months. Stock Target Advisor’s stock analysis of Li Auto Inc. is Slightly Bullish, supported by 9 positive signals and 5 negative signals. Despite this, Li Auto Inc’s stock price has seen a decline of -3.37% over the past week, -7.89% over the past month, and -16.71% over the last year. The electric vehicle manufacturer’s last closing stock price was USD 23.23.
Li Auto Inc. is a leading new energy vehicle manufacturer that designs, develops, manufactures, and sells vehicles in the People’s Republic of China. The company’s flagship product is the Li ONE, a six-seat smart electric sport utility vehicle equipped with smart vehicle solutions, navigation on ADAS, and automatic emergency breaking functionalities. Li Auto Inc. also offers technology development, sales, after-sales management, and corporate management services, as well as purchases manufacturing equipment. The company was founded in 2015 and was formerly known as Leading Ideal Inc. before changing its name to Li Auto Inc. in July 2020. Headquartered in Beijing, China.