Aptiv Plunges 15.6% After Slashing Guidance, Worst S&P 500 Stock Today
APTV is trading near its 52-week low of $46.75 (1.4% above the low) on elevated volume (2.0× avg).
Summary
Aptiv shares cratered 15.6% after the company cut its full-year EPS guidance to ~$5.70, down from ~$5.90 and well below the $5.91 consensus. Q3 guidance of ~$1.30 also badly missed the $1.60 Street estimate, overshadowing a Q2 beat. The guidance cut reflects schedule changes, launch delays, and software timing issues, per Baird. This follows the earlier Q2 earnings release this morning, but the severity of the guidance miss and the market's violent reaction are new. The stock is now trading near its 52-week low, and the post-spin narrative of higher valuation multiples is unraveling.
At the time of this announcement, APTV was trading at $47.42 on NYSE in the Technology sector, with a market capitalization of approximately $10B. The 52-week trading range was $46.75 to $78.49. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.