Headquartered in Aurora, ON Fiscal year ends December NYSE: MGA magna.com
Magna International is a global automotive supplier with operations in 27 countries. It supplies systems and components to automakers (OEMs) and also provides complete vehicle engineering and contract manufacturing. Its results depend chiefly on light vehicle production in North America, Europe and China. It reports four segments:
- **Body Exteriors & Structures:** body, chassis and exterior systems
- **Power & Vision:** powertrain, transfer cases, rear drive modules, active driver assistance, electronics, mechatronics and mirrors
- **Seating Systems**
- **Complete Vehicles:** contract vehicle assembly and engineering
Its six largest customers accounted for 74% of third-quarter 2026 sales. Magna also holds equity investments in mobility and technology companies.
In 2026 Magna streamlined its portfolio. It sold Lighting Europe and Rooftop Systems to Mutares and Lighting North America to AURELIUS. A sale of Lighting South America and China to AURELIUS is pending. Magna is pursuing operational excellence initiatives and restructuring, notably at European Power & Vision facilities, while returning capital through dividends and share buybacks. It trades on the NYSE (MGA) and TSX (MG). Updated
Magna is defending profitability while sales soften: adjusted EBIT margin expanded 90 basis points to 6.8% with revenue missing expectations. Management raised full-year free cash flow guidance to $1.85 billion to $1.90 billion, trimmed the sales outlook, and buybacks cut the diluted share count 6%, with Investor Day on November 11 ahead.
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24/7 Wall St. takes a look at famed market personality Jim Cramer’s latest buy and sell recommendations and overall analysis.
Magna International is a global automotive supplier with operations in 27 countries. It supplies systems and components to automakers (OEMs) and also provides complete vehicle engineering and contract manufacturing.
24/7 Wall St.'s 12-month price target for MGA is $76.04, rated Buy. The Wall Street consensus target is $72.24. MGA price prediction →
