Garrett Motion (NASDAQ: GTX) closed at $33.56 on Friday, a new 52-week high, as trailing diluted EPS growth of more than 33% challenged the market narrative that combustion-engine component suppliers face near-term structural decline.

Key Highlights

 

  • GTX stock gained 0.48% on Friday on volume of 2.25 million shares, with a relative volume of 0.70 as the stock posted a new 52-week high at a market cap of approximately $6.28 billion.
  • Trailing diluted EPS grew by more than a third year-on-year to $1.72, supported by pricing discipline and continued demand for turbocharged powertrain solutions across global automotive markets.

 

Garrett Motion stock has been a notable outperformer among automotive supplier stocks in 2026, a year in which investors widely expected combustion-engine parts makers to struggle. Instead, the slower-than-projected pace of full EV adoption has sustained demand for Garrett's turbochargers, which improve fuel efficiency in both conventional and hybrid powertrains.

 

The company also has a growing business in hydrogen fuel cell compressors and e-turbo systems, products designed for next-generation powertrain architectures. This dual positioning, serving both current and future propulsion technologies, has supported the valuation case and reduced concerns about technology obsolescence.

 

At a P/E of 19.49 and a market cap of $6.28 billion, GTX is modestly valued relative to its earnings growth trajectory. For investors evaluating Garrett Motion stock as an automotive supplier investment, the key insight is that the EV transition is creating demand for Garrett's new product lines even as it sustains demand for its existing turbocharger business.

 

Best automotive supplier stocks for 2026 include names that are bridging the transition rather than facing binary technology risk. Garrett's hybrid powertrain exposure positions it as a transition-era beneficiary rather than a purely combustion-dependent supplier.

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making investment decisions.