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The Latest Breaking News from Standard Motor Products Inc

4 Auto Stocks With Long-Term Growth Potential

Given the rising demand for new vehicles, the significant shift toward electric vehicles and plug-in hybrids, and rapid digitalization, the automotive industry is positioned for robust long-term growth. Thus, fundamentally solid auto stocks Mercedes-Benz (MBGAF), Blue Bird (BLBD), Hyster-Yale Materials (HY), and Standard Motor Products (SMP), with massive growth potential,…

StockNews.com

3 Auto Stocks to Add Armor to Your Portfolio's Defenses

The auto industry is booming due to the rapid adoption of electric vehicles, increasing demand for aftermarket parts, and the integration of advanced components. Therefore, it could be wise to buy fundamentally strong auto stocks Mazda Motor Corporation (MZDAY), Cars.com Inc. (CARS), and Standard Motor Products, Inc. (SMP). Read more….

StockNews.com

AutoZone (AZO) Comparison: 3 Auto Parts Stocks to Buy Instead

Strong aftermarket sales, a growing DIY market, and the use of advanced components in new vehicles will all drive the auto parts industry’s growth. Although AutoZone (AZO) possesses reasonable growth prospects, fundamentally strong auto parts stocks Miller (MLR), Standard Motor Products (SMP), and Ituran Location and Control (ITRN) will likely…

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4 Auto Stocks Poised for Potential Returns This October

Given greater technology integration and the widespread adoption of Electric Vehicles (EVs), the auto market is poised for long-term growth. Against this backdrop, let’s look into why auto stocks Genuine Parts Company (GPC), Boyd Group Services (BYDGF), Standard Motor Products (SMP), and Allison Transmission Holdings (ALSN) could generate returns this…

StockNews.com

3 Auto Stocks Investors Are Eyeing

As the automotive sector flourishes on the backs of improving consumer demand and adoption of EVs, fundamentally sound auto stocks, Valeo SE (VLEEY), Standard Motor Products (SMP), and Commercial Vehicle Group (CVGI) have gained traction among investors. Hence, these stocks could be solid buys now. Continue reading….

StockNews.com

3 Promising Auto Parts Stocks to Buy

Despite geopolitical odds, the auto parts industry has set its stride for growth owing to soaring demand for innovative automotive components. Hence, investing in Weichai Power (WEICY), Allison Transmission (ALSN), and Standard Motor (SMP) seems wise, as they are well-positioned to capitalize on the industry's expansion. Read on….

StockNews.com

Why These 3 Auto Stocks Are a Smart Investment in the Current Market

Despite the macroeconomic concerns, auto sales in the United States are expected to remain steady due to pent-up demand. Therefore, auto stocks, Hyster-Yale Materials (HY), Standard Motor (SMP), and Miller Industries (MLR) could be smart buys now. Read on.

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Standard Motor Products Reveals New $500M Credit Facility

Standard Motor Products Inc (NYSE:SMP) has entered into a new five-year $500 million credit facility, with JPMorgan Chase Bank N.A. as an agent and a syndicate of lenders. The facility includes a $100 million term loan and a $400 million revolving credit facility. In addition, SMP entered into an interest rate swap agreement…

Benzinga

Standard Motor Q1 Earnings Top Estimates; Cautiously Optimistic For Rest Of 2022

Standard Motor Products Inc (NYSE:SMP) reported first-quarter FY22 sales growth of 16.7% year-on-year to $322.83 million, beating the consensus of $304.30 million. Engine Management segment revenue rose 12.8% Y/Y, and Temperature Control segment sales gained 30.2%. Gross profit rose 7.2% Y/Y to $89.8 million with a gross margin of 27.8%. The operating margin…

Benzinga

Standard Motor Products Hikes Dividend By 8%

Standard Motor Products Inc (NYSE:SMP) said its Board of Directors had approved an increase in its quarterly stock dividend to $0.27 from $0.25. The move represents an 8% hike in the dividend rate. The revised dividend is payable on March 1, 2022, to shareholders of record on February 15, 2022. Standard Motors held $33.1 million…

Benzinga

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