Magna International (MGA) Soars to 4-Year High on Revenue Blowout, Buyback

We recently published 10 Market Beasts Leaving Wall Street in the Dust. Magna International Inc. (NYSE:MGA) was one of the best performers on Friday.

Magna International soared to a nearly four-year high on Friday, extending its winning streak to a sixth straight session, as investors cheered its revenue performance, hitting the higher end of its guidance, while loading portfolios amid an ongoing buyback program.

At intra-day trading, the stock jumped to its highest price of $69.94 before paring gains to end the day just up by 18.87 percent at $68.73 apiece.

Photo from Magna International website

In an updated report,  Magna International Inc. (NYSE:MGA) said that it generated $42 billion in revenues for full-year 2025, hitting the high-end of its previous guidance of $41.1 billion to $42.1 billion. However, the figure was 1.8 percent lower than the $42.8 billion registered in 2024.

Attributable net income for the year amounted to $829 million, a drop of 17.8 percent from the $1.009 billion in 2024.

In the fourth quarter alone, sales totaled to $10.85 billion, or an increase of 2 percent from the $10.6 billion in the same period a year earlier. It also swung to an attributable net loss of $1 million from a $203 million attributable net profit in the same comparable period.

Looking ahead, Magna International Inc. (NYSE:MGA) is targeting to post sales of $41.9 billion to $43.5 billion for this year, as well as adjusted diluted earnings per share of $6.25 to $7.25.

To support company and shareholder value, Magna International Inc. (NYSE:MGA) underscored plans to continue repurchasing around 22 million more shares under its current buyback authorization program.

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Disclosure: None. This article is originally published at Insider Monkey.