AUR
Aurora Innovation (AUR) surged nearly 6% after announcing a new driverless truck fleet based on...
Article Summary
BUY- Aurora Innovation (AUR) surged nearly 6% after announcing a new driverless truck fleet based on International Trucks' LT Series, with Aurora Innovation partnering with Roush to install its Aurora Driver technology into 1,000 trucks later this year as part of an upfit process the companies have agreed to.
- Aurora expects Q2 revenue of $1.7 million and a loss per share of $0.12 based on consensus estimates, with Q2 results expected on July 29.
- Aurora Innovation's Aurora Driver driving system has completed nearly 440,000 driverless miles at the end of June, and it is seeing an uptick in commercial use for its fleet as it continues expanding its driverless route networks in the U.S.
- Retail sentiment on Stocktwits turned bullish, with one user describing the announcement as an important catalyst for momentum expected down the line.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 0.0% | 25% | 20.0 ptsMinimal (0.0%) - Very weak |
| EPS Growth Next 5Y ? | 10.0% | 25% | 20.0 ptsWeak (10.0%) - Low expectations |
| Target Price Upside ? | 68.5% | 20% | 100.0 ptsMassive Upside (68.5%) - Target: $11.14 vs Current: $6.61 |
| Gross Margin % ? | -1925.0% | 15% | 10.0 ptsRazor-Thin (-1925.0%) - Weak pricing power |
| Drawdown from 52-Wk High ? | -22.8% | 15% | 40.0 ptsMild Pullback (-22.8%) - Light entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About AUR
- Aurora Innovation, Inc. engages in the self-driving technology business in the United States.
- It focuses on developing Aurora Driver, a platform that brings a suite of self-driving hardware, software, and data services together to adapt and interoperate various vehicle types and applications.
- The company was founded in 2017 and is headquartered in Pittsburgh, Pennsylvania.