Magna International Inc. Financial Overview
Magna International Inc., a prominent player in the automobile components sector, operates under the Consumer Discretionary sector. The company is listed on the Toronto Stock Exchange and trades in Canadian Dollars (CAD). As of April 27, 2025, Magna International’s stock closed at CAD 47.38. The company’s market capitalization stands at CAD 9.77 billion. Over the past year, the stock has experienced fluctuations, reaching a 52-week high of CAD 66.66 on May 1, 2024, and a 52-week low of CAD 43.25 on April 7, 2025. The price-to-earnings ratio is currently 9.69, indicating the company’s earnings relative to its share price.
Magna International Inc. is renowned for its extensive range of auto parts, including body exteriors, chassis structures, transmissions, lighting, seating, and fuel systems. The company serves a global customer base and maintains a strong presence in the automobile components industry.
Industry News
While the financial news for Magna International Inc. is not directly covered in the provided input, the broader industry context includes several notable developments:
OWIT Global’s Advanced Rating and Rules Solution: On April 29, 2025, OWIT Global announced a new cloud-based insurance-specific microservices solution. This development highlights the increasing integration of technology in various sectors, including automotive insurance.
MGA Thermal’s Electro-Thermal Energy Storage System: MGA Thermal unveiled the “world’s first commercial Electro-Thermal Energy Storage (ETES) system” on April 29, 2025. This innovation could have implications for energy efficiency in automotive manufacturing and operations.
These industry developments reflect ongoing technological advancements that could impact Magna International Inc. and its operations in the automobile components sector. The company’s ability to adapt to these changes may influence its future financial performance and market position.