On July 29, Ford rose 4% in pre-market trading. The stock gained momentum after the company reported Q2 adjusted EPS of $0.42, beating the analyst consensus estimate of $0.35 by 20%, while revenue of $48.3 billion also topped the FactSet estimate of $47.24 billion.

Ford simultaneously raised its full-year adjusted EBIT guidance from $8.5 billion-$10.5 billion to $10.0 billion-$11.0 billion. The Q2 adjusted EBIT margin rose to 5.2%, up 90 basis points year-over-year, with adjusted free cash flow reaching $2.1 billion. First-half adjusted EBIT surged 90% to $6.0 billion on revenue of $91.5 billion, demonstrating sustained operational improvement. The company reported a GAAP net loss of $1.3 billion, primarily due to a $3.6 billion one-time charge related to the BlueOval SK battery joint venture disposal and $500 million in EV project cancellation costs.

Additionally, Jefferies recently upgraded Ford to Buy from Hold with a price target of $17.50, implying approximately 18% upside from recent levels and well above the analyst consensus target of $15.16.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)