Wolverine Reduces Lucid Holdings, Signaling Lower Confidence
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Should l Buy LCID?
Source: Fool
- Share Reduction Details: Wolverine Asset Management reduced its holdings in Lucid Group by 3,522,200 shares in Q4 2025, with an estimated transaction value of approximately $56.28 million, indicating a decline in confidence regarding Lucid's future prospects.
- Market Capitalization and Financials: As of February 2, 2026, Lucid's market capitalization stands at $3.15 billion, with a trailing twelve-month revenue of $1.07 billion, but it faces a significant net loss of $2.28 billion, highlighting major challenges in profitability.
- Stock Price Performance: Lucid's shares were priced at $11.07 on January 30, 2026, reflecting a 59.3% decline year-over-year and trailing the S&P 500 by 73.6 percentage points, raising concerns about its future growth potential.
- Competitive Market Pressure: Wolverine also holds shares in competitor Rivian, which is outperforming Lucid in electric SUV sales, suggesting that investors may prefer companies with stronger market positions and sales volumes.
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Analyst Views on LCID
Wall Street analysts forecast LCID stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LCID is 16.73 USD with a low forecast of 10.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
1 Buy
8 Hold
3 Sell
Hold
Current: 10.500
Low
10.00
Averages
16.73
High
30.00
Current: 10.500
Low
10.00
Averages
16.73
High
30.00
About LCID
Lucid Group, Inc. is a technology company, which designs, engineers, and manufactures electric vehicles (EVs), EV powertrains, and battery systems in-house using its own equipment and factories. It sells vehicles directly to consumers through its retail sales network and through direct online sales. Its vehicles include Lucid Air and Lucid Gravity. Lucid Air is an advanced car, featuring powertrain technology. It offers 420 miles of the United States Environmental Protection Agency (EPA)-estimated range, with an 84-kWh battery pack. The Lucid Air Sapphire is the highest-performance version of the Lucid Air, boasting 1,234 horsepower from three motors, 427 miles of an EPA-estimated range (when equipped with standard wheel covers). The Lucid Gravity provides the interior space and practicality of a full-size SUV within the exterior footprint of a mid-size SUV. It provides space for up to seven adults. It has engineered the Lucid Gravity to deliver up to 450 miles of EPA-estimated range.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Lucid Group Achieves Longest Range in Winter Test
- Winter Test Victory: The Lucid Air Grand Touring achieved a remarkable 520 kilometers in the 2026 Norges Automobil-Forbund Winter Test, outperforming its closest competitor by nearly 100 kilometers, reinforcing its technological leadership even in extreme conditions and showcasing its strong performance in the EV market.
- Investor Day Scheduled: Lucid has confirmed an Investor Day on March 12, where it will provide a comprehensive update on its strategic roadmap, including the upcoming midsize vehicle program and software advancements, aimed at improving financial performance and previewing next-generation vehicle architecture, indicating future growth potential.
- Stock Price Analysis: Lucid shares are currently priced at $10.78, trading 4.83% below the 20-day simple moving average, indicating a bearish trend, with a 62.09% decline over the past 12 months, positioning the stock closer to its 52-week lows, reflecting market concerns about its future performance.
- Earnings Expectations: Lucid is expected to release its earnings report on February 24, with an estimated EPS of -$2.57 and revenue of $468.45 million, showing significant year-over-year growth, although the overall hold rating and price target of $25.70 suggest a cautious market outlook regarding its future.
See More
Wolverine Asset Management Reduces Lucid Holdings
- Share Reduction Details: Wolverine Asset Management sold 3,522,200 shares of Lucid in Q4 2025, with an estimated trade value of approximately $56.28 million, indicating a decrease in confidence regarding Lucid's future prospects.
- Current Holdings: As of December 31, 2025, Wolverine still holds 16,778,500 shares of Lucid, suggesting that despite the reduction, there remains a significant position, reflecting some belief in Lucid's potential value.
- Market Competition Insight: Rivian, a competitor to Lucid, is significantly ahead in electric SUV sales, and Wolverine's concurrent holdings in Rivian may indicate a lack of confidence in Lucid's market performance.
- Financial Strain: Lucid is struggling with sales volume and relies heavily on support from Saudi Arabia's Public Investment Fund, which has expressed continued backing, yet investors are awaiting improvements in Lucid's fundamentals for financial support.
See More
Wolverine Reduces Lucid Holdings, Signaling Lower Confidence
- Share Reduction Details: Wolverine Asset Management reduced its holdings in Lucid Group by 3,522,200 shares in Q4 2025, with an estimated transaction value of approximately $56.28 million, indicating a decline in confidence regarding Lucid's future prospects.
- Market Capitalization and Financials: As of February 2, 2026, Lucid's market capitalization stands at $3.15 billion, with a trailing twelve-month revenue of $1.07 billion, but it faces a significant net loss of $2.28 billion, highlighting major challenges in profitability.
- Stock Price Performance: Lucid's shares were priced at $11.07 on January 30, 2026, reflecting a 59.3% decline year-over-year and trailing the S&P 500 by 73.6 percentage points, raising concerns about its future growth potential.
- Competitive Market Pressure: Wolverine also holds shares in competitor Rivian, which is outperforming Lucid in electric SUV sales, suggesting that investors may prefer companies with stronger market positions and sales volumes.
See More
Uber's Q1 Profit Forecast Falls Short of Market Expectations
- Profit Forecast Downgrade: Uber anticipates adjusted earnings per share of 65 to 72 cents for Q1, falling short of the 76 cents expected by the market, indicating that while trip volumes are being boosted, profit growth is being constrained.
- Revenue and Trip Volume Growth: Despite a 22% increase in trip volumes in Q4, resulting in gross bookings of $54.14 billion and a revenue increase of about 20% to $14.37 billion, the company still failed to meet analysts' earnings expectations, reflecting concerns over its profitability.
- Executive Change Impact: Uber announced that CFO Prashanth Mahendra-Rajah will step down, with Balaji Krishnamurthy, a former Goldman Sachs executive, taking over, which may affect investor confidence in the company's financial management.
- Market Strategy Adjustment: Uber plans to gradually introduce autonomous ride services in partnership with companies like Waymo and Lucid, and although short-term low-cost strategies are impacting margins, this could enhance competitive positioning in the long run.
See More
Nvidia's Stock Soars 55% Driven by AI Demand
- Stock Performance: Nvidia's stock has surged approximately 55% over the past 12 months, primarily driven by a spike in AI-related demand, although its P/E ratio has exceeded 47, indicating strong investor confidence in future growth.
- Role in AI Ecosystem: Nvidia is not just selling semiconductor chips but is also actively involved in developing the autonomous vehicle ecosystem, having launched the Alpamayo platform that enhances AI decision-making capabilities, thereby advancing industry technology.
- Cross-Industry Collaborations: The company partnered with Uber to enable automotive manufacturers to seamlessly integrate their autonomous vehicle fleets into Uber's marketplace, while also collaborating with Nokia to build a next-gen mobile network that supports wireless AI, further solidifying its influence in the AI sector.
- Future Investments: Nvidia invested $2 billion in CoreWeave to establish AI-optimized data centers and developed the CUDA-Q software platform to integrate quantum computing with AI supercomputers, showcasing its forward-looking strategy in the future development of AI.
See More
Lucid Group Faces Deepening Financial Crisis
- Weak Revenue Growth: Lucid Group reported $337 million in revenue for Q3 2025, a 68.5% increase from Q3 2024, but new vehicle deliveries only rose by 47% year-over-year, indicating insufficient market demand to sustain growth.
- Cash Flow Crisis: The company burned through nearly half of its cash reserves in 2025, starting the year with over $5 billion and dropping to $2.9 billion by September 30, coupled with $2.8 billion in debt, raising concerns about future operations.
- Out-of-Control Costs: Despite a $136 million revenue increase, costs surged by $257.7 million, leading to only a slight reduction in net losses from $992.5 million in Q3 2024 to $978.4 million in Q3 2025, highlighting ongoing profitability issues.
- Competitive Market Pressure: Lucid's Gravity SUV is priced higher than the Tesla Model Y, and the lack of a competitor to the Model 3 diminishes its appeal to price-sensitive consumers, resulting in a bleak outlook for future sales.
See More
Lucid Group Achieves Longest Range in Winter Test
- Winter Test Victory: The Lucid Air Grand Touring achieved a remarkable 520 kilometers in the 2026 Norges Automobil-Forbund Winter Test, outperforming its closest competitor by nearly 100 kilometers, reinforcing its technological leadership even in extreme conditions and showcasing its strong performance in the EV market.
- Investor Day Scheduled: Lucid has confirmed an Investor Day on March 12, where it will provide a comprehensive update on its strategic roadmap, including the upcoming midsize vehicle program and software advancements, aimed at improving financial performance and previewing next-generation vehicle architecture, indicating future growth potential.
- Stock Price Analysis: Lucid shares are currently priced at $10.78, trading 4.83% below the 20-day simple moving average, indicating a bearish trend, with a 62.09% decline over the past 12 months, positioning the stock closer to its 52-week lows, reflecting market concerns about its future performance.
- Earnings Expectations: Lucid is expected to release its earnings report on February 24, with an estimated EPS of -$2.57 and revenue of $468.45 million, showing significant year-over-year growth, although the overall hold rating and price target of $25.70 suggest a cautious market outlook regarding its future.
See More
Wolverine Asset Management Reduces Lucid Holdings
- Share Reduction Details: Wolverine Asset Management sold 3,522,200 shares of Lucid in Q4 2025, with an estimated trade value of approximately $56.28 million, indicating a decrease in confidence regarding Lucid's future prospects.
- Current Holdings: As of December 31, 2025, Wolverine still holds 16,778,500 shares of Lucid, suggesting that despite the reduction, there remains a significant position, reflecting some belief in Lucid's potential value.
- Market Competition Insight: Rivian, a competitor to Lucid, is significantly ahead in electric SUV sales, and Wolverine's concurrent holdings in Rivian may indicate a lack of confidence in Lucid's market performance.
- Financial Strain: Lucid is struggling with sales volume and relies heavily on support from Saudi Arabia's Public Investment Fund, which has expressed continued backing, yet investors are awaiting improvements in Lucid's fundamentals for financial support.
See More
Wolverine Reduces Lucid Holdings, Signaling Lower Confidence
- Share Reduction Details: Wolverine Asset Management reduced its holdings in Lucid Group by 3,522,200 shares in Q4 2025, with an estimated transaction value of approximately $56.28 million, indicating a decline in confidence regarding Lucid's future prospects.
- Market Capitalization and Financials: As of February 2, 2026, Lucid's market capitalization stands at $3.15 billion, with a trailing twelve-month revenue of $1.07 billion, but it faces a significant net loss of $2.28 billion, highlighting major challenges in profitability.
- Stock Price Performance: Lucid's shares were priced at $11.07 on January 30, 2026, reflecting a 59.3% decline year-over-year and trailing the S&P 500 by 73.6 percentage points, raising concerns about its future growth potential.
- Competitive Market Pressure: Wolverine also holds shares in competitor Rivian, which is outperforming Lucid in electric SUV sales, suggesting that investors may prefer companies with stronger market positions and sales volumes.
See More
Uber's Q1 Profit Forecast Falls Short of Market Expectations
- Profit Forecast Downgrade: Uber anticipates adjusted earnings per share of 65 to 72 cents for Q1, falling short of the 76 cents expected by the market, indicating that while trip volumes are being boosted, profit growth is being constrained.
- Revenue and Trip Volume Growth: Despite a 22% increase in trip volumes in Q4, resulting in gross bookings of $54.14 billion and a revenue increase of about 20% to $14.37 billion, the company still failed to meet analysts' earnings expectations, reflecting concerns over its profitability.
- Executive Change Impact: Uber announced that CFO Prashanth Mahendra-Rajah will step down, with Balaji Krishnamurthy, a former Goldman Sachs executive, taking over, which may affect investor confidence in the company's financial management.
- Market Strategy Adjustment: Uber plans to gradually introduce autonomous ride services in partnership with companies like Waymo and Lucid, and although short-term low-cost strategies are impacting margins, this could enhance competitive positioning in the long run.
See More
Nvidia's Stock Soars 55% Driven by AI Demand
- Stock Performance: Nvidia's stock has surged approximately 55% over the past 12 months, primarily driven by a spike in AI-related demand, although its P/E ratio has exceeded 47, indicating strong investor confidence in future growth.
- Role in AI Ecosystem: Nvidia is not just selling semiconductor chips but is also actively involved in developing the autonomous vehicle ecosystem, having launched the Alpamayo platform that enhances AI decision-making capabilities, thereby advancing industry technology.
- Cross-Industry Collaborations: The company partnered with Uber to enable automotive manufacturers to seamlessly integrate their autonomous vehicle fleets into Uber's marketplace, while also collaborating with Nokia to build a next-gen mobile network that supports wireless AI, further solidifying its influence in the AI sector.
- Future Investments: Nvidia invested $2 billion in CoreWeave to establish AI-optimized data centers and developed the CUDA-Q software platform to integrate quantum computing with AI supercomputers, showcasing its forward-looking strategy in the future development of AI.
See More
Lucid Group Faces Deepening Financial Crisis
- Weak Revenue Growth: Lucid Group reported $337 million in revenue for Q3 2025, a 68.5% increase from Q3 2024, but new vehicle deliveries only rose by 47% year-over-year, indicating insufficient market demand to sustain growth.
- Cash Flow Crisis: The company burned through nearly half of its cash reserves in 2025, starting the year with over $5 billion and dropping to $2.9 billion by September 30, coupled with $2.8 billion in debt, raising concerns about future operations.
- Out-of-Control Costs: Despite a $136 million revenue increase, costs surged by $257.7 million, leading to only a slight reduction in net losses from $992.5 million in Q3 2024 to $978.4 million in Q3 2025, highlighting ongoing profitability issues.
- Competitive Market Pressure: Lucid's Gravity SUV is priced higher than the Tesla Model Y, and the lack of a competitor to the Model 3 diminishes its appeal to price-sensitive consumers, resulting in a bleak outlook for future sales.
See More
