The auto industry delivered a packed set of headlines this week, spanning quarterly earnings, analyst reactions, new electric vehicles and major manufacturing plans in the United States.
Rivian Automotive Inc., Carvana Co., Harley-Davidson Inc., Ford Motor Co. and Audi each made headlines for different reasons.
Some companies reported stronger-than-expected metrics, while others faced earnings pressure, lowered price targets or questions surrounding their long-term production strategies.
Rivian Posts Revenue Beat And Updates Delivery Guidance
Rivian Automotive reported third-quarter revenue of $2.155 billion, up 38% from the same period last year. The result exceeded the Street consensus estimate of $1.984 billion, according to Benzinga Pro, and shares gained after the company reported a double beat and updated vehicle delivery guidance.
Carvana Shares Rally As Analysts Lower Targets
Carvana shares moved higher in early Thursday trading after the company released its third-quarter results Wednesday. The gains came even as analysts reduced their price targets, following a quarter in which the online used-car retailer beat expectations across all major key performance indicators.
Harley-Davidson Raises Its Full-Year Outlook
Harley-Davidson stock declined after the motorcycle manufacturer reported fiscal third-quarter results below Wall Street expectations. Despite the earnings miss, the company increased its full-year forecast for global motorcycle retail sales and operating income in its Motorcycle and Financial Services segments.
Ford CEO Praises The Upcoming Fathom EV
During Ford’s third-quarter 2026 earnings call, CEO Jim Farley highlighted the upcoming sub-$30,000 Fathom EV pickup truck. Farley said the vehicle remains on track for the fourth quarter of next year and described his own testing experience with the Louisville, Kentucky-tested EV.
Audi Defends Its Planned Georgia Expansion
Audi CEO Gernot Doellner defended the German automaker’s plan to expand U.S. production at a Georgia facility announced earlier by President Donald Trump. Doellner said the decision followed careful planning and intense negotiations, adding, “If the American president invites you, you accept the invitation.”
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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