Li Auto (LI) stock fell on Friday despite the Chinese electric vehicle (EV) company beating estimates in its Q4 2024 earnings report. That included adjusted earnings per share of 52 cents, above Wall Street’s 43 cents estimate. Investors will note that the company’s adjusted EPS dropped 10.3% year-over-year from 58 cents.
Li Auto reported revenue of $6.1 billion in Q4, which was another beat compared to analysts’ estimate of $6.02 billion. It also jumped 5.7% from the $5.77 billion reported in the same period of the year prior. The company’s revenue increase came alongside a 20.4% year-over-year rise in EV deliveries to 158,696 units.
Even with Li Auto beating Wall Street’s Q4 estimates, LI stock was down 4.32% in pre-market trading and also fell 3.4% yesterday. Despite these drops, LI stock was still up 19.72% year-to-date but was down 23.96% over the past 52 weeks.
Li Auto’s 2025 Guidance Update
Li Auto provided guidance for its first quarter of 2025 in its latest earnings report. The company expects revenue for the period will range from $3.2 billion and $3.4 billion. This would represent a year-over-year revenue decline of 8.7% to 3.5%.
Li Auto also expects Q1 EV deliveries between 88,000 and 93,000 units. That would represent a 9.5% to 15.7% increase compared to Q1 2024 deliveries.
Is LI Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Li Auto is Strong Buy based on five Buy and one Hold ratings over the last three months. With that comes an average price target of $33.02, a high of $40, and a low of $29. This represents a potential 14.97% upside for LI stock. These ratings and price targets will likely change as analysts update their coverage after today’s earnings.
See more LI stock analyst ratings
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