Kia Stock Up 4.93% in July on Q2 Earnings Outlook, Hybrids Shine

According to Hankyung, Kia stock rose 4.93% in July as analysts expect strong Q2 earnings boosted by surging hybrid car sales in the U.S. The company's Q2 operating profit consensus stands at 2.79 trillion Korean won, with analysts citing increased hybrid vehicle demand and market outperformance versus other Hyundai Motor Group units.

Kia's U.S. hybrid retail sales jumped 226.4% year-over-year to 59,000 units in Q2, driven by Telluride Hybrid launches and Sportage Hybrid production at the Georgia-based MetaPlan America facility. Major securities firms raised price targets this week, with LS Securities and Shinhan Investment setting 240,000 won targets.