MAGNA International Inc. (MGA) is a global automotive supplier and one of Canada's largest companies by revenue. The company, headquartered in Aurora, Ontario, was founded in 1957 by Frank Stronach. It has since grown to boast over 158,000 employees working in 347 manufacturing operations and 94 product development, engineering, and sales centers across 28 countries.
MAGNA's business activities are organized into four distinct but interrelated operating segments: Body Exteriors & Structures, Power & Vision, Seating Systems, and Complete Vehicles. These units cater to a vast array of automobile components, exhibiting MAGNA's deep integration within the automotive industry. They are also indicative of the firm's extensive capabilities, pioneering innovations, and manufacturing excellence.
The Body Exteriors & Structures segment involves development, designing, testing, and manufacture of a variety of exterior vehicle components such as body structures, chassis structures, exterior systems, and roof systems. In contrast, the Power & Vision segment is the company's broadest diversified segment, focusing on various areas like electronics, mirrors, closures, roof systems, etc.
Seating Systems, the third segment, encompasses complete seating solutions, from frames and mechanisms to foam and trim products. The segment utilizes the firm's expertise in comfort, craftsmanship, and safety to optimize the overall ride experience for passengers. The Complete Vehicles segment, meanwhile, pertains to the engineering and assembly of vehicles for an array of Original Equipment Manufacturers (OEMs), further demonstrating the breadth of MAGNA's services.
MAGNA has distinguished itself in the market through its commitment to technology and innovation. It is at the helm of significant advancements in vehicle lightweighting and electrification, among other areas, addressing global environmental concerns alongside business growth. Additionally, through strategic partnerships & acquisitions, MAGNA has continued to broaden its reach globally, creating a significant footprint in the automotive industry worldwide.
Over the years, MAGNA has consistently offered quality products and services that guarantee customer satisfaction, thereby earning numerous awards from its customer base. MGA's popularity can be attributed to its focus on both product and process innovation, corporate culture of outstanding performance, and a solid corporate reputation built over six decades. Overall, MAGNA International Inc. presents a powerful force within the automotive industry, continually driving advancements in the sector with its dynamic and comprehensive approach to vehicle manufacturing.
Income statement
Balance sheet statement
Cash flow statement
Current assets / Current liabilities
Equity / Debt / Cash
Dividends
Nykredit A/S has invested $4.50 million in Magna International Inc. (NYSE:MGA) by purchasing 68,529 shares in the second quarter. This move is part of a broader trend of institutional investors acquiring stakes in Magna International, with several large firms increasing their holdings. Analysts currently have a "Hold" consensus rating for MGA, with a price target of $69.07, following recent positive earnings results where the company beat EPS estimates and reported a 3.3% year-over-year revenue increase.
Engineers Gate Manager LP significantly reduced its stake in Magna International Inc. by 60.2% in the second quarter, selling over 18,000 shares. Despite this, other institutional investors like Geode Capital Management and TD Waterhouse Canada increased their holdings. Magna International reported strong quarterly earnings and revenue, surpassing analyst estimates, and maintains a quarterly dividend.
Magna International has invested an additional $35 million in Yuma Energy, increasing its stake in the Indian battery-swapping network for electric two- and three-wheelers. This investment aims to capitalize on India's growing gig economy, where battery swapping offers a practical solution for delivery riders to maximize uptime. Yuma plans to use the capital to expand its infrastructure and battery fleet, targeting EBITDA break-even within the next two quarters and eventual international expansion.
Magna International's share price recently moved above its 200-day moving average, reaching C$92.38 before settling at C$91.04, prompting a "Strong Buy" consensus rating from analysts. The company reported strong quarterly revenues of C$15.60 billion and earnings of C$2.64 per share. Despite positive financial performance and a declared quarterly dividend, recent insider selling activity, significantly reducing some holdings, raises questions for investors.
Magna International Inc. (MG) stock declined by 2.71% to C$91.31 on Tuesday, underperforming the broader Canadian market which saw the S&P/TSX Composite Index rise by 0.66%. The company's stock closed 9.7% below its 52-week high of C$101.10.
Magna International (TSX: MG) shares dropped 6.56% on August 24, 2026, due to renewed U.S.-Canada trade tensions and concerns about potential tariffs on automotive products. Despite the company's recent strong performance and raised 2026 outlook, investor sentiment is being heavily influenced by trade policy uncertainty, global vehicle production fluctuations, and geopolitical risks. The article advises a cautious stance for investors due to these external pressures, even as Magna retains long-term growth opportunities in automotive technology.
Magna International Inc. (MG) stock fell by 6.56% on Monday, closing at C$93.85, despite a positive trading session for the broader Canadian market. The S&P/TSX Composite Index rose 0.26%, while Magna International Inc. finished 7.2% below its 52-week high.