Stellantis’ (STLA) shares rose over 3% early Wednesday after the auto giant disclosed that it shipped 1.4 million vehicles during its first quarter ending March 31.
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The figure is 12% more than a year ago and comes as CEO Antonio Filosa, who took over leadership of the Franco-Italian-American automaker in June last year, has ramped up fleet deliveries. Filosa has also shifted emphasis to more affordable models with the goal of recapturing market share in North America and Europe.
Stellantis Boosts Shipments in North America and Europe
Shipment describes the volume of vehicles the automaker delivered to dealers, distributors, or directly to retail customers and large organizations that buy in bulk for business or institutional use. Stellantis said the growth in delivered vehicles was mainly fueled by shipments to North America and across the broader European region (Enlarged Europe).
In North America, shipments jumped by 17% year-over-year, with 100% of the growth coming from deliveries of the light-duty version of the Ram 1500 pickup, refreshed Jeep Grand Wagoneer luxury SUV, and new version of the Jeep Cherokee mid-size crossover SUV.
Is This the ‘Turnaround Story’?
The boost in shipments comes as Stellantis swung from profit to a loss in 2025 after booking a €22 billion ($26 billion) charge as part of a strategy shift and to scale down its electric vehicle production efforts.
The auto giant has been planning a “turnaround story” and is eyeing a comeback in the U.S., the second-largest auto market in the world. It is making a return to its gasoline-powered vehicles in the country as part of its revival efforts.
However, investors are likely to watch out for more updates from the company to determine if a significant level of turnaround is finally around the corner.
Is STLA a Good Stock to Buy Now?
On Wall Street, analysts’ consensus rating on Stellantis’ shares remains a Moderate Buy. This is based on six Buys, nine Holds, and one Sell assigned over the past three months.
However, the average STLA price target of $9.14 suggests about 12% upside from current trading levels.
