7 Transportation Stocks to Buy Now: Q3 Edition
It's not been a great year for transportation stocks. The benchmark SPDR S&P Transportation ETF (NYSEARCA: XTN ) has fallen 9% over the past 12 months.
Corporacion America Airports Stock: An Interesting Valuation Case
Corporacion America Airports operates 52 airports in six countries, primarily in Latin America. The company posted strong Q1 2024 earnings, with revenues increasing 13.4% and operating income growing 22.4%. The stock is undervalued and has significant upside potential, driven by potential growth in 2025 and 2026 and the possibility of multiple expansion.
Corporación América Airports S.A. (CAAP) Q1 2024 Earnings Call Transcript
Corporación América Airports S.A. (NYSE:CAAP ) Q1 2024 Earnings Conference Call May 23, 2024 10:00 AM ET Company Participants Patricio Iñaki Esnaola - Head of Investor Relations Martín Antranik Eurnekian - CEO Jorge Arruda - CFO Conference Call Participants Alejandro Demichelis - Jeffries Pedro Maulhardt - Latin Securities Stephen Trent - Citigroup Inc. Operator Good morning and welcome to the Corporación América Airports First Quarter 2024 Conference Call.
Corporación América Airports: Earnings Growth Requires Minimal Additional Capital, Increasing Returns
Corporación América Airports has seen a 20% increase in its stock price following our last publication. Passenger volumes are returning to pre-Covid levels, and earnings are growing rapidly with each dollar of incremental capital investment. CAAP has competitive advantages from its extensive ownership of airport assets, particularly in Argentina, and its non-aeronautical revenue sources indexed to inflation.
