GOEV vs. CVGI, CPS, AEVA, INVZ, MPAA, CAAS, SUP, STRT, XOS, and HLLY
Should you be buying Canoo stock or one of its competitors? The main competitors of Canoo include Commercial Vehicle Group (CVGI), Cooper-Standard (CPS), Aeva Technologies (AEVA), Innoviz Technologies (INVZ), Motorcar Parts of America (MPAA), China Automotive Systems (CAAS), Superior Industries International (SUP), Strattec Security (STRT), XOS (XOS), and Holley (HLLY). These companies are all part of the "motor vehicle parts & accessories" industry.
Canoo (NASDAQ:GOEV) and Commercial Vehicle Group (NASDAQ:CVGI) are both small-cap auto/tires/trucks companies, but which is the superior stock? We will compare the two companies based on the strength of their analyst recommendations, media sentiment, earnings, profitability, valuation, risk, institutional ownership, community ranking and dividends.
Canoo has a beta of 1.23, meaning that its stock price is 23% more volatile than the S&P 500. Comparatively, Commercial Vehicle Group has a beta of 2.72, meaning that its stock price is 172% more volatile than the S&P 500.
Commercial Vehicle Group has higher revenue and earnings than Canoo. Canoo is trading at a lower price-to-earnings ratio than Commercial Vehicle Group, indicating that it is currently the more affordable of the two stocks.
Commercial Vehicle Group has a net margin of 4.97% compared to Canoo's net margin of 0.00%. Commercial Vehicle Group's return on equity of 20.22% beat Canoo's return on equity.
36.2% of Canoo shares are owned by institutional investors. Comparatively, 72.3% of Commercial Vehicle Group shares are owned by institutional investors. 9.7% of Canoo shares are owned by insiders. Comparatively, 6.3% of Commercial Vehicle Group shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.
Commercial Vehicle Group received 312 more outperform votes than Canoo when rated by MarketBeat users. Likewise, 65.35% of users gave Commercial Vehicle Group an outperform vote while only 51.43% of users gave Canoo an outperform vote.
Canoo currently has a consensus target price of $49.19, indicating a potential upside of 1,638.07%. Commercial Vehicle Group has a consensus target price of $10.00, indicating a potential upside of 60.77%. Given Canoo's higher possible upside, equities analysts clearly believe Canoo is more favorable than Commercial Vehicle Group.
In the previous week, Canoo had 3 more articles in the media than Commercial Vehicle Group. MarketBeat recorded 7 mentions for Canoo and 4 mentions for Commercial Vehicle Group. Commercial Vehicle Group's average media sentiment score of 0.49 beat Canoo's score of 0.03 indicating that Commercial Vehicle Group is being referred to more favorably in the news media.
Summary
Commercial Vehicle Group beats Canoo on 12 of the 17 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding GOEV and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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