MGA

Magna International is expected to report Q3 2026 earnings of $1.58 per share (up 18.8% YoY) with revenues declining 1.1% to $9.95 billion. With a negative Earnings ESP of -0.74% and Zacks Rank #3, the stock is not positioned as a compelling earnings-beat candidate. Garrett Motion is expected to post $0.45 EPS (up 18.4% YoY) with revenues rising 3.9%, but carries a Zacks Rank #4 (Sell) rating despite a neutral 0.00% Earnings ESP.

Zacks Premium offers Style Scores (Value, Growth, Momentum, and VGM) that complement the Zacks Rank system to help investors identify stocks with the best probability of outperforming the market. The Zacks Rank #1 (Strong Buy) stocks have averaged +23.86% annual returns since 1988, more than double the S&P 500. Magna International (MGA) is highlighted as a stock to watch with a #3 (Hold) rank and an A VGM Score, showing strong momentum with shares up 3% over four weeks.

Magna International (MGA), a Canadian automotive supplier, is highlighted as a potential growth investment pick with a #3 (Hold) Zacks Rank and an A-rated VGM Score. The company is forecasted to achieve 23.2% year-over-year earnings growth for the current fiscal year, with recent analyst revisions increasing consensus estimates. MGA boasts a strong Growth Style Score of A and an average earnings surprise of +21.5%.

Zacks Premium offers investment research tools including the Zacks Rank and Style Scores to help investors identify stocks with strong performance potential. The Zacks Rank #1 stocks have averaged +23.86% annual returns since 1988, outperforming the S&P 500. Style Scores rate stocks on value, growth, and momentum characteristics to complement the Zacks Rank system.

A comparison of two automotive original equipment manufacturers shows Magna (MGA) is the superior value investment compared to Ferrari (RACE). Magna has a stronger Zacks Rank of #2 (Buy) versus Ferrari's #3 (Hold), along with significantly more attractive valuation metrics including a forward P/E of 9.15 versus 35.80, a PEG ratio of 0.69 versus 3.44, and a Value grade of A versus D.

Hyliion Holdings Corp. (HYLN) has significantly outperformed its Auto-Tires-Trucks sector peers in 2026, with a year-to-date return of 117.9% compared to the sector average of -15.9%. The company holds a Zacks Rank #2 (Buy) with improved analyst sentiment, as consensus earnings estimates have risen 6.1% in the past quarter. Magna (MGA) is another sector outperformer with a 21.1% year-to-date return.

Magna International (MGA) is identified as a compelling value stock opportunity, holding a Zacks Rank #2 (Buy) rating with an 'A' Value grade. Trading at a P/E ratio of 8.47 compared to its industry average of 16.92, and a P/S ratio of 0.4 versus the industry average of 0.66, the stock appears undervalued. Combined with strong earnings outlook, MGA presents an attractive value investment opportunity.

The global EV Components market is estimated at USD 486.4 billion in 2026 and projected to reach USD 1.28 trillion by 2036, expanding at a 10.2% CAGR. Growth is driven by rapid EV adoption, declining battery costs, 800-volt electrical architectures, and solid-state battery development.

Battery systems remain the largest component category, while power electronics are expected to record the fastest growth. Asia-Pacific leads the market, with Europe expected to register the fastest regional growth.