In recent trading activity, XPeng (XPEV, Financial) has seen a notable bearish trend as options traders focus on puts. A total of 5,550 put contracts were exchanged, surpassing the typical volume by 1.5 times. The most actively traded options were the July 2025 $6 puts and the May 9 weekly $22 calls, with these specific strikes together accounting for close to 5,700 contracts. The Put/Call Ratio currently stands at 1.83, indicating a preference for puts over calls. Additionally, the at-the-money implied volatility has risen by more than one point during the day. Investors are closely watching the company as its earnings release is anticipated on May 21st.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 26 analysts, the average target price for XPeng Inc (XPEV, Financial) is $23.15 with a high estimate of $32.00 and a low estimate of $10.00. The average target implies an upside of 18.42% from the current price of $19.55. More detailed estimate data can be found on the XPeng Inc (XPEV) Forecast page.
Based on the consensus recommendation from 25 brokerage firms, XPeng Inc's (XPEV, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for XPeng Inc (XPEV, Financial) in one year is $29.59, suggesting a upside of 51.36% from the current price of $19.55. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the XPeng Inc (XPEV) Summary page.
XPEV Key Business Developments
Release Date: March 18, 2025
- Vehicle Deliveries: 91,507 vehicles delivered in Q4 2024.
- Free Cash Flow: Over RMB4 billion in the second half of 2024.
- Revenue: RMB16.11 billion in Q4 2024, up 23.4% year-over-year and 59.4% quarter-over-quarter.
- Vehicle Sales Revenue: RMB14.67 billion in Q4 2024, up 20% year-over-year and 66.8% quarter-over-quarter.
- Services and Others Revenue: RMB1.43 billion in Q4 2024, up 74.4% year-over-year and 9.7% quarter-over-quarter.
- Gross Margin: 14.4% in Q4 2024, compared to 6.2% in Q4 2023 and 15.3% in Q3 2024.
- Vehicle Margin: 10% in Q4 2024, compared to 4.1% in Q4 2023 and 8.6% in Q3 2024.
- R&D Expenses: RMB2.01 billion in Q4 2024, up 53.4% year-over-year and 22.9% quarter-over-quarter.
- SG&A Expenses: RMB2.28 billion in Q4 2024, up 17.5% year-over-year and 39.3% quarter-over-quarter.
- Net Loss: RMB1.33 billion in Q4 2024, compared to RMB1.35 billion year-over-year and RMB1.81 billion quarter-over-quarter.
- Cash and Cash Equivalents: RMB42 billion as of December 31, 2024.
- 2025 Q1 Delivery Forecast: 91,000 to 93,000 units, a year-over-year increase of 317% to 326.2%.
- 2025 Q1 Revenue Forecast: RMB15 billion to RMB15.7 billion, a year-over-year growth of 129% to 139%.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- XPeng Inc (XPEV, Financial) achieved a record 91,507 vehicle deliveries in the fourth quarter of 2024, marking significant growth.
- The company reported over RMB4 billion in free cash flow in the second half of 2024, indicating strong financial health.
- XPeng Inc (XPEV) has seen six consecutive quarters of improving vehicle margins, showcasing effective cost management.
- The company plans to launch new models or updated versions every quarter starting in 2025, all equipped with next-gen AI technologies.
- XPeng Inc (XPEV) is expanding its global presence, with plans to double its sales and establish over 300 sales and service stores worldwide by the end of 2025.
Negative Points
- XPeng Inc (XPEV) reported a net loss of RMB1.33 billion for the fourth quarter of 2024, indicating ongoing financial challenges.
- R&D expenses increased by 53.4% year over year, reflecting higher costs associated with new vehicle model development.
- SG&A expenses rose by 17.5% year-over-year, driven by higher commissions paid to franchise stores due to increased sales volume.
- The company's gross margin decreased slightly from 15.3% in the third quarter to 14.4% in the fourth quarter of 2024.
- XPeng Inc (XPEV) faces significant competition in the autonomous driving space, with many OEMs entering the market and potentially narrowing the technology gap.
