Key Takeaways
- Stellantis stock is down 45% so far in 2026, and 80% off its 2024 peak.
- The owner of car brands including Jeep, Peugeot, and Maserati has been beaten down by leadership turmoil and wider industry challenges.
- Second-quarter earnings on July 30 could help investors determine the road ahead.
Europe’s embattled automakers are seeking to course-correct as a flurry of headwinds weigh on shares, including at Jeep and Peugeot maker Stellantis STLAM.
Shares of the Dutch-headquartered car company are down 45% so far in 2026, extending a multiyear slide as leadership turmoil exacerbated wider industry challenges—from Chinese competition to higher costs.
The stock, whose brands also include Citroen, Fiat, Chrysler, and Alfa Romeo, is now 80% off its March 2024 peak, ranking it among the worst-performing major auto stocks over recent years. But could Stellantis shares be on the cusp of a turnaround?
What Is Driving Stellantis’ Share Price Drop?
Stellantis’ first-quarter earnings suggested a shift in the right direction. Revenues rose 6% annually. Shipments were up 12%. And the company confirmed its guidance for a mid-single-digit increase in net sales this year.
However, Morningstar equity analyst Rella Suskin says fresh numbers from Stellantis’ second quarter earnings on July 30 will be key in determining the road ahead.
In particular, investors should look out for further insights into new management’s turnaround strategy one year into the job. Meanwhile, a continued uptick in North America sales could signal increased profitability for the group as a whole, following years of dwindling market share.
Are Stellantis Shares a Buy Now?
Stellantis’ stock now trades at around EUR 5 a share, well below its latest Morningstar fair value estimate of EUR 12.20.
Suskin says that forthcoming results could provide more color on the firm’s outlook, particularly around market pricing and likely margin pressures.
Still, Suskin says she sees significant room for improvement off the stock’s lows, with “small executional wins,” including on-time deliveries and higher monthly sales, likely to go some way in boosting shares further down the road.
