Published on 20 Oct 2024 on Insider Monkey · via Yahoo Finance
Garrett Motion Inc. (GTX): One of the Best Auto Components and Part Stocks to...
We recently compiled a list of the 7 Best Auto Components and Parts Stocks to Buy Right Now. In this article, we are going to take a look at where Garrett Motion Inc. (NASDAQ:GTX) stands against the other auto components and parts stocks.
Auto Sector Outlook Adjusted with Focus on Innovation and Market Realities
As reported by Barron’s on September 10, Deutsche Bank analyst Edison Yu analyzed the U.S. automotive industry and gave a cautious outlook. Out of 17 car companies he reviewed, only three were rated as Buy, which is lower than usual. Yu thinks the U.S. car market is reaching the end of its growth phase after the boost it got post-pandemic. While the situation is not collapsing, he pointed out that high car prices, expensive payments, and high used car prices are making the future of new car prices less promising.