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Shares of Ford Motor Co. rose over 2% on Friday after the automaker reported its best annual U.S. vehicle sales since 2019, before the COVID-19 pandemic disrupted operations.
Ford sold 2.08 million vehicles in 2024, up from just under 2 million in 2023.
The company also delivered 530,660 vehicles in the fourth quarter, an 8.8% increase from a year ago, driven by strong electric vehicle sales.
Ford’s EV sales surged 22.3% in Q4 to 77,258 units, led by the Mustang Mach-E.
Internal combustion vehicle sales also rose 6.8% year-over-year to 453,402 in the same period.
On Stocktwits, retail sentiment for Ford turned ‘extremely bullish’ from ‘bearish’ a day earlier, with message volumes sending the ticker into the platform’s top 10 trending symbols.
Despite the positive numbers, analysts have cautioned about potential headwinds for 2025, including inventory overhang, price deflation, and limited restocking opportunities.
According to a Stocktwits poll, 50% of retail investors expect Ford’s stock to surpass $12 by the end of the year, implying a 21% gain from its current level.
The stock trades at a trailing multiple of 11.3x and a forward multiple of 5.7x, per Koyfin data.
Ford shares declined over 15% in 2024 but have started the new year on a high note as the automaker shows signs of recovery and resilience.
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