Magna International Inc. (MGA)

NYSE · Broad Market

Latest Move · 2026-02-24

+1.69%
Magna rebounds with consumer discretionary sector after week-long post-earnings consolidation

Magna International's stock rose 1.7% following news that Scotiabank lifted its earnings estimates for the company. On February 19, 2026, Scotiabank analyst J. Goldman increased the FY2026 earnings per share forecast to $9.67, up from the prior estimate of $8.14. The analyst also issued FY2027 earnings estimates at $11.94 EPS. The consensus estimate for full-year 2026 earnings stands at $8.89 per share. This estimate increase came after Magna reported fourth quarter 2025 results on February 13, 2026, which showed adjusted diluted earnings per share increased 29% to $2.18 compared to the prior year quarter. The company also provided a 2026 outlook expecting adjusted diluted EPS between $6.25 and $7.25.

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Previous Move

-1.34%
Magna consolidates further as consumer discretionary sector leads market decline
2026-02-23

Frequently Asked Questions

Why did Magna International Inc. stock move today?

Magna International's stock rose 1.7% following news that Scotiabank lifted its earnings estimates for the company. On February 19, 2026, Scotiabank analyst J. Goldman increased the FY2026 earnings per share forecast to $9.67, up from the prior estimate of $8.14. The analyst also issued FY2027 earnings estimates at $11.94 EPS. The consensus estimate for full-year 2026 earnings stands at $8.89 per share. This estimate increase came after Magna reported fourth quarter 2025 results on February 13, 2026, which showed adjusted diluted earnings per share increased 29% to $2.18 compared to the prior year quarter. The company also provided a 2026 outlook expecting adjusted diluted EPS between $6.25 and $7.25.

What does Magna International Inc. do?

Magna International is one of the world's largest automotive parts suppliers, manufacturing everything from body structures and powertrain components to complete vehicle assemblies for major automakers. Its Q4 2025 results showed adjusted EBIT margins expanding 100 basis points to 7.5% and free cash flow of $1.3 billion, triggering a wave of analyst upgrades including CIBC's $76 target and Scotiabank's FY2026 EPS estimate of $9.67. The stock is now consolidating after a nearly 19% post-earnings surge, with today's gain tracking the broader Consumer Discretionary sector rally.

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