Streetbeat News

ECDA

ECD Automotive Design, Inc.

https://ecdautodesign.com

Industry

Auto - Manufacturers

ECD Automotive Design, Inc. engages in the production and sale of customized Land Rover vehicles in the United States. The company also provides repair or upgrade services and extended warranties to customers. It restores various vehicles, including Land Rovers Defenders, Land Rover Series IIA and III, the Range Rover Classic, and Jaguar E-Type. The company was founded in 2013 and is based in Kissimmee, Florida.

Open

1.01

Mkt cap

36M

Volume

36K

High

1.11

P/E Ratio

-11.67

52-wk high

17.00

Low

1.00

Div yield

N/A

52-wk low

0.75

ECD Auto Design has unveiled a custom one-of-one Defender in collaboration with Turtleback Trailer. This unique vehicle showcases the company's bespoke design capabilities.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 12:54 pm

ECD Automotive Design shares are trading higher after the company reported Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 12:36 pm

ECD Automotive Design reaffirms its FY24 revenue guidance of $33 million, representing a 108% increase compared to $15.1 million in 2023.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 12:21 pm

ECD Automotive Design (NASDAQ:ECDA) reported a Q1 EPS of $(0.05), unchanged from last year, with sales increasing by 206.87% to $8.31 million from $2.71 million YoY.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 12:20 pm

ECD Auto Design, known for customizing vehicles, has announced its venture into electric vehicle (EV) territory by integrating EV powertrains into classic Mustang Fastback and Convertible models. This move signifies the company's entry into the growing EV market, focusing on combining classic car aesthetics with modern, sustainable technology.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 12:55 pm

ECD Auto Design, now trading on Nasdaq, reported a FY23 EPS of $(0.09), down from $(0.06) YoY, with revenue rising to $15.12M from $12.34M. The company saw a gross profit increase of 150% to $4.2M and an adjusted EBITDA of $1.1M, turning around from a $(1.3)M loss in 2022. Despite a net loss of $(1.6)M, up from $(1.4)M, ECD is optimistic, citing its acquisition of Brand New Muscle Car assets and a revenue guidance of $33M for 2024. The company emphasizes its growth strategies in the luxury classic car market and plans to expand its product line to include classic Ford Mustangs.

Portfolio Pulse from Benzinga Newsdesk

May 03, 2024 | 12:33 pm

Shares of companies in the consumer discretionary sector, including ABNB, ARHS, BIRD, DASH, DFH, DUOL, ECDA, EZGO, F, JL, JWEL, KXIN, LOBO, LOT, MSC, RGS, SG, SOND, TBLT, VFS, ZCMD, are trading lower due to overall market weakness.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 7:50 pm

ECD Auto Design (NASDAQ:ECDA) announced its acquisition of assets from Brand New Muscle Car valued at $1.5M, marking its first acquisition as a public company. This move allows ECD, a leader in Land Rover and Jaguar restorations, to enter the classic American muscle car market, including bespoke Ford Mustangs. The acquisition aims to leverage ECD's Orlando manufacturing facility to expand into the $15 billion high-end and collectible car market, targeting the ultra-high net worth demographic with unique restomod opportunities.

Portfolio Pulse from Benzinga Newsdesk

April 04, 2024 | 12:33 pm

Clover Health Investments, Corp. (CLOV) shares rose by 11% after reporting better-than-expected Q4 revenue and FY24 guidance. Other stocks also moved significantly, with Gaxos.ai Inc. (GXAI) and Veritone, Inc. (VERI) among the top gainers, while voxeljet AG (VJET) and Luna Innovations Incorporated (LUNA) led the losers.

Portfolio Pulse from Avi Kapoor

March 13, 2024 | 5:18 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.