Why Nio, Canoo, and Lucid Stocks All Popped Today
Tuesday is looking great for car stocks, as news of a surprise earnings beat from CarMax lifted investor hopes for brighter days ahead for EV stocks Lucid Group (NASDAQ: LCID), Nio (NYSE: NIO), and Canoo (NASDAQ: GOEV) -- which were up 4.6%, 5.1%, and 6.2% respectively, as of 11:55 a.m. ET.
But investors appear to be reading CarMax's news all wrong.
That's not to say CarMax's news today wasn't good. This morning, the used-car superstore announced an astonishing earnings beat, with earnings coming in at a strong $0.44 per share instead of the $0.24 that investors expected.
Source Fool.com
NIO Inc. Stock
€4.48
3.200%
With 13 Buy predictions and not the single Sell prediction the community is currently very high on NIO Inc..
As a result the target price of 6 € shows a positive potential of 34.02% compared to the current price of 4.48 € for NIO Inc..
