Telenav provides connected car and location-based services and saw 1.3 million vehicles equipped with its technology enter the global market last quarter. The company works with companies such as General Motors GM and Toyota TM. Investors might also be happy to note that Telenav just recently announced a partnership with Amazon AMZN to bring its widely popular Alexa voice assistant technology to Telenav’s navigation system offerings.
TNAV stock has soared 47% in 2019 and the company’s positive earnings estimate revision activity helps it sport a Zacks Rank #2 (Buy). Telenav is expected to see its current-quarter earnings surge over 78% on the back of a 269% jump in revenue. Meanwhile, the connected car tech firm’s full-year EPS is projected to surge roughly 76%, with its top-line expected to soar 101% to reach $214.17 million. The company also rocks an “A” grade for Growth and has a P/S ratio of 1.87, which falls below some of its peers.