Stock Market Today, May 7: Aurora Innovation Slips as Investors Weigh Analyst Support and Autonomous Trucking Expansion

The Motley Fool·05/07/2026 21:58:16

Listen to the news

Aurora Innovation (NASDAQ:AUR), a developer of autonomous driving systems for various vehicle types and applications, closed Thursday at $7.14, down 1.79%. The stock moved lower after a multi-day rally driven by upbeat Q1 results, new trucking deployments, and analyst support. Investors will now be watching execution on 2026 driverless semi-truck and revenue targets.
Trading volume reached 48.4 million shares, coming in about 136% above its three-month average of 20.6 million shares. Aurora Innovation IPO'd in 2021 and has fallen 29% since going public.

How the markets moved today

The S&P 500 (SNPINDEX:^GSPC) slipped 0.38% Thursday to 7,337, while the Nasdaq Composite (NASDAQINDEX:^IXIC) eased 0.13% to finish at 25,806. Among self-driving vehicle technology names, industry peers Alphabet (NASDAQ:GOOGL) closed at $397.99 (-0.01%) and Tesla (NASDAQ:TSLA) finished at $411.81 (+3.28%), highlighting mixed sentiment across autonomy-focused names.

What this means for investors

Aurora Innovation shares soared yesterday after the company updated investors with its first-quarter results, and announced a new partnership with McLane Company, a Berkshire Hathaway (NYSE:BRKA) (NYSE:BRKB) subsidiary.

The stock dipped today, though, after investors digested that news. After a successful pilot program, McClane will begin autonomous semi-truck deliveries in Texas, using an Aurora self-driving system that is currently being used in long-haul trucking.

After that news, analysts at Needham expressed confidence in Aurora and established a $13 price target for the company. Investors, though, should be aware that the company continues to burn cash, using approximately $159 million in operating cash during Q1. Its autonomous vehicle aspirations still have a long road to travel.

Howard Smith has positions in Alphabet, Berkshire Hathaway, and Tesla. The Motley Fool has positions in and recommends Alphabet, Berkshire Hathaway, and Tesla. The Motley Fool has a disclosure policy.

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