We recently announced a list of The top 10 auto part stocks that could swell on the trump's auto tariff relaxation. In this article, we're going to look at where Garrett Motion Inc. (NASDAQ: GTX) stands against other top car parts stocks that could boast on the relaxation of Trump's car tariff.
The corporate earnings season is about to start, but investors have something else on their minds: Donald Trump's tariffs. Since the beginning of his season, Trump has wrecked a mess on the markets with repeated tariffs, resulting in the S&P index down almost 8% for the year.
We have observed that some of the most aggressive tariff policies are soon revoked or leisure, resulting in a rally that brings stock prices back to reasonable levels. We saw this recently when Donald Trump suggested that large technology companies may not bear the tariffs as badly as previously thought. As a result, investors poured out their money to these companies, thinking they could be essential for US infrastructure.
Similar development forms in the car sector, with Trump likely to offer some relaxation in importing auto parts or out -of -US manufacturing vehicles. As auto parts companies are vital to the supply chain of this industry, we decided to look at the auto parts stocks that could swell following any news of relaxation in tariffs.
To draw up our list of 10 best auto parts stock that could boast following Trump's car tariff restoration, we looked at companies in the car parts industry with a minimum market cap of $ 300 million that outperformed their peers.
Close engine piston with commercial turbocharger attached.
Garrett Motion Inc. is a manufacturer, designer, and air and liquid compression seller, turbocharging, and fast electric motor technologies. The company serves original equipment manufacturers and distributors. It provides progressive technology for industrial and mobility space.
The company recently reported its CH4 2024 earnings, marking an improved EBITDA edge of 18.1%, driven by cost management and operational performance. The company also increased the repurchase activity of shares by spending $ 70 million during the quarter.
Garrett decreased his total debt to $ 1.5 billion, with the help of strong liquidity. For the full year, the company recorded the improved Ebitda edge of 17.2%. In line with a forecast provided by the company, it expects a net sale of $ 3.4 billion in 2025. A customized free cash flow is forecast to be $ 345 million with the modified EBITDA of $ 575 million.