The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Lucid (NASDAQ:LCID) and the rest of the automobile manufacturing stocks fared in Q3.
Much capital investment and technical know-how are needed to manufacture functional, safe, and aesthetically pleasing automobiles for the mass market. Barriers to entry are therefore high, and auto manufacturers with economies of scale can boast strong economic moats. However, this doesn’t insulate them from new entrants, as electric vehicles (EVs) have entered the market and are upending it. This has forced established manufacturers to not only contend with emerging EV-first competitors but also decide how much they want to invest in these disruptive technologies, which will likely cannibalize their legacy offerings.
The 10 automobile manufacturing stocks we track reported a mixed Q3. As a group, revenues were in line with analysts’ consensus estimates.
In light of this news, share prices of the companies have held steady as they are up 3.6% on average since the latest earnings results.
Lucid (NASDAQ:LCID)
Founded by a former Tesla Vice President, Lucid Group (NASDAQ:LCID) designs, manufactures, and sells luxury electric vehicles with long-range capabilities.
Lucid reported revenues of $350.3 million, up 4.1% year on year. This print fell short of analysts’ expectations by 11.6%. Overall, it was an underwhelming quarter for the company with a significant miss of analysts’ EBITDA estimates and a significant miss of analysts’ EPS estimates.
"Our transformation is beginning to show progress. We are acting with urgency, strengthening the fundamentals and driving greater discipline, while continuing to invest in the priorities to deliver profitable long-term growth," said Silvio Napoli, Chief Executive Officer. "We are grateful for the continued financial support from our anchor shareholder, which further energizes us to remain focused on execution and on our commitments as we build a stronger, sustainable Lucid."
Lucid delivered the weakest performance against analyst estimates of the whole group. Interestingly, the stock is up 5.3% since reporting and currently trades at $3.77.
Is now the time to buy Lucid? Access our full analysis of the earnings results here, it’s free.
Best Q3: Rivian (NASDAQ:RIVN)
The manufacturer of Amazon’s delivery trucks, Rivian (NASDAQ:RIVN) designs, manufactures, and sells electric vehicles and commercial delivery vans.
Rivian reported revenues of $2.16 billion, up 38.3% year on year, outperforming analysts’ expectations by 4.8%. The business had an exceptional quarter with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.
Rivian pulled off the biggest analyst estimate beat and fastest revenue growth among its peers. The market seems happy with the results as the stock is up 19.3% since reporting. It currently trades at $13.66.
Is now the time to buy Rivian? Access our full analysis of the earnings results here, it’s free.
Winnebago (NYSE:WGO)
Created to provide high-quality, affordable RVs to the post-war American family, Winnebago (NYSE:WGO) is a manufacturer of recreational vehicles, providing a range of motorhomes, travel trailers, and fifth-wheel products for outdoor and adventure lifestyles.
Winnebago reported revenues of $645.1 million, down 17% year on year, falling short of analysts’ expectations by 2.4%. It was a sluggish quarter as it posted full-year EPS guidance missing analysts’ expectations significantly and full-year revenue guidance missing analysts’ expectations.
Winnebago delivered the slowest revenue growth and weakest full-year guidance update in the group. Interestingly, the stock is up 34.6% since the results and currently trades at $31.18.
Read our full analysis of Winnebago’s results here.
General Motors (NYSE:GM)
Founded in 1908 by William C. Durant, General Motors (NYSE:GM) offers a range of vehicles and automobiles through brands such as Chevrolet, Buick, GMC, and Cadillac.
General Motors reported revenues of $50.02 billion, up 2.9% year on year. This print topped analysts’ expectations by 2.7%. Aside from that, it was a satisfactory quarter as it also recorded a beat of analysts’ EPS estimates but full-year EPS guidance slightly missing analysts’ expectations.
The stock is up 8.8% since reporting and currently trades at $90.00.
Read our full, actionable report on General Motors here, it’s free.
Ford (NYSE:F)
Established to make automobiles accessible to a broader segment of the population, Ford (NYSE:F) designs, manufactures, and sells a variety of automobiles, trucks, and electric vehicles.
Ford reported revenues of $49.53 billion, down 2% year on year. This number lagged analysts’ expectations by 1.6%. Taking a step back, it was still a solid quarter as it produced a solid beat of analysts’ adjusted operating income estimates and a beat of analysts’ EPS estimates.
The stock is up 3% since reporting and currently trades at $12.31.
Read our full, actionable report on Ford here, it’s free.
Market update
Over the past year, investors have been forced to repeatedly answer the same question: what is the market’s biggest risk? The answer has changed several times, and each shift has reshaped market leadership.
Late in 2025 and early 2026, artificial intelligence became the market’s primary uncertainty. Investors questioned whether AI would erode software pricing power and weaken competitive moats as AI made it easier to replicate once-differentiated products.
By the spring, technology took a back seat to geopolitics. The U.S. conflict with Iran briefly became the market’s dominant narrative, raising concerns about oil prices, inflation, and global growth. But as energy markets remained orderly and fears of a prolonged supply disruption faded, investors quickly turned their focus back to fundamentals.
Want to invest in winners with rock-solid fundamentals? Check out our Top 5 Growth Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.