VinFast Auto (NASDAQ:VFS) Shares Gap Down – Here’s Why

Posted by Brian Himes on Oct 21st, 2026

VinFast Auto Ltd. (NASDAQ:VFS – Get Free Report)’s share price gapped down prior to trading on Monday. The stock had previously closed at $3.12, but opened at $3.02. VinFast Auto shares last traded at $2.9640, with a volume of 303,551 shares changing hands.

More VinFast Auto News

Here are the key news stories impacting VinFast Auto this week:

Positive Sentiment: VinFast delivered 70,085 electric four-wheelers in the second quarter, while quarterly revenue increased 85.5% to approximately $1.15 billion. The company’s reported loss per share also came in better than analyst expectations. VinFast Reports Unaudited Second Quarter 2026 Financial Results
Positive Sentiment: VinFast’s overseas expansion contributed to revenue growth, and the company acquired a 20% interest in Hanoi Sports Urban, potentially adding a longer-term development asset. VinFast: 3 Key Takeaways for Long-Term Investors
Neutral Sentiment: VinFast introduced lease offers starting at $399 per month and 0% financing for up to 84 months on its 2027 VF 8 and VF 9 SUVs. The promotions could support deliveries and consumer adoption, but may also limit pricing power. VinFast October Lease and Financing Offers
Negative Sentiment: Despite higher sales, quarterly revenue of $1.15 billion fell short of the roughly $1.34 billion analyst consensus. Analysts also highlighted deteriorating economics, including a negative 62.8% gross margin, a $1.16 billion operating loss, and significant cash consumption. Only 11% of second-quarter deliveries were overseas, raising concerns about the scalability of international growth. VinFast Auto: Impressive Sales, Terrible Economics
Negative Sentiment: Cantor Fitzgerald lowered its price target for VinFast Auto (VFS) from $5 to $4, citing a lack of material near-term catalysts, although it retained an overweight rating. The reduced target reinforces investor concerns that improving volume has not yet translated into sustainable profitability. Cantor Fitzgerald Lowers VinFast Price Target

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Yorkville Ives initiated coverage on shares of VinFast Auto in a report on Monday, October 5th. They issued an “in-line” rating and a $3.50 price objective for the company. Cantor Fitzgerald reduced their target price on shares of VinFast Auto from $5.00 to $4.00 and set an “overweight” rating on the stock in a report on Tuesday. Weiss Ratings upgraded shares of VinFast Auto from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, October 6th. Finally, Chardan Capital restated a “buy” rating and issued a $5.50 price target on shares of VinFast Auto in a research report on Friday, October 16th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, VinFast Auto presently has an average rating of “Hold” and a consensus target price of $4.75.

Get Our Latest Research Report on VinFast Auto

VinFast Auto Stock Performance

The company has a fifty day simple moving average of $3.11 and a 200 day simple moving average of $3.38. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of -1.90 and a beta of 0.68.

Hedge Funds Weigh In On VinFast Auto

A number of hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in VinFast Auto by 525.3% in the first quarter. Bank of America Corp DE now owns 189,098 shares of the company’s stock valued at $728,000 after acquiring an additional 158,855 shares during the last quarter. Lazard Asset Management LLC raised its holdings in VinFast Auto by 3.2% during the 1st quarter. Lazard Asset Management LLC now owns 185,329 shares of the company’s stock worth $714,000 after purchasing an additional 5,744 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in VinFast Auto by 157.0% during the 1st quarter. Renaissance Technologies LLC now owns 31,100 shares of the company’s stock worth $120,000 after purchasing an additional 19,000 shares during the last quarter.

About VinFast Auto

(Get Free Report)

VinFast Auto is a Vietnam-based automotive manufacturer focused on developing and producing electric vehicles. The company offers a range of electric sport utility vehicles and cars, including the VF 3, VF 5, VF 6, VF 7, VF 8 and VF 9, as well as electric scooters and buses. Its business also includes related battery and charging solutions designed to support electric-vehicle ownership.

Founded in 2017 as part of Vingroup, VinFast became Vietnam’s first volume automotive manufacturer and initially produced gasoline-powered vehicles before transitioning to an all-electric product lineup.