Garrett Motion Inc. (GTX) Stock Price & How to Invest

Garrett Motion Inc. designs and manufactures turbochargers, electric and hybrid boosting systems, and related powertrain technologies for passenger cars, commercial vehicles, and industrial applications. Spun out of Honeywell in 2018, it is one of a small handful of Tier-1 turbocharger suppliers (alongside BorgWarner, IHI, and Mitsubishi Heavy Industries) that together control roughly two-thirds of global original-equipment turbo supply. The company sells to major automakers and increasingly pushes into electrified boosting for hybrids, fuel-cell compressors, and industrial and cooling technologies as it tries to diversify beyond the traditional combustion engine.

The investment picture centers on cash generation and capital return rather than rapid top-line growth. Garrett produces high adjusted free cash flow, has aggressively shrunk its share count through buybacks, pays a modest dividend, and carries a meaningful debt load left over from its restructuring history. Bulls point to a durable installed base, hybrid boosting demand, and a stated goal of returning most free cash flow to shareholders; skeptics focus on the secular decline of internal-combustion vehicles, customer concentration among automakers, and cyclical exposure to global auto production.

The 2026 numbers have been good. Second-quarter net sales were about $976 million, up about 6.9% year over year, with net income of about $101 million and adjusted EPS of about $0.53 against a consensus near $0.48, the fourth straight quarter ahead of estimates after a first quarter of about $985 million in sales and $0.52 of adjusted EPS. Trailing twelve-month revenue is about $3.75 billion and net income about $357 million. The stock ran from a 52-week low near $12.26 to a high near $36.25 before pulling back, and as of October 16, 2026 it closed near $24.41, up about 40% year to date. Third-quarter results are scheduled for October 29, 2026, with consensus adjusted EPS of about $0.48 on revenue near $937 million.

Garrett's core turbocharger business is tied to internal-combustion and hybrid vehicles, which face long-term decline as battery-electric adoption grows, creating a secular headwind for its largest revenue source. The business is cyclical and concentrated among a handful of large automakers, so weakness in global auto production or the loss of a major platform would pressure results. The company carries substantial debt (roughly $1.42 billion) against a modest cash balance of about $158 million, which limits flexibility in a downturn and channels free cash flow toward deleveraging and buybacks. Currency swings, tariffs, and supply-chain costs can move margins, and its electrification and diversification bets may not scale quickly enough to fully replace declining combustion demand. The stock has also been volatile: it nearly tripled from its 52-week low before falling about 25% in the three months to mid-October 2026, while auto-sector data such as General Motors' 6% decline in third-quarter US sales point to an uneven production backdrop.

6 analysts publish price targets on GTX, averaging $35.33 against a $24.44 price as of October 2026, or +44.6%. The published targets run from $32.00 to $42.00, a narrow spread, and the ratings split 5 buy, 1 hold, 0 sell. Over the last six months there have been 6 raises and 1 cut among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full GTX forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Garrett Motion Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Cash generation and capital return. Garrett produces strong adjusted free cash flow and has committed to returning roughly 75% of it to shareholders over time. The most optimistic published target, $42.00, assumes this works close to its best case.

The case against. Garrett's core turbocharger business is tied to internal-combustion and hybrid vehicles, which face long-term decline as battery-electric adoption grows, creating a secular headwind for its largest revenue source. The most pessimistic target, $32.00, is roughly what GTX is worth if this bites instead.

Read the full bull and bear case on GTX, including what would have to change to break either one. Walnut is not an investment adviser.

No. Garrett Motion Inc. (GTX) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Garrett Motion Inc.'s investor relations page or your broker.

• Revenue (TTM): ~$3.75 billion; Q2 2026 ~$976 million, up ~6.9% YoY
• Q2 2026 adj. EPS: ~$0.53 vs ~$0.48 expected; Q3 due Oct 29 (consensus ~$0.48)
• Net income (TTM): ~$357 million (profit margin ~9.5%, operating margin ~15.5%)
• P/E (trailing / forward): ~13.4x / ~10.9x
• Market cap: ~$4.6 billion (~$24.41 a share, Oct 16, 2026)
• Total debt: ~$1.42 billion vs ~$158 million cash
• Dividend yield: ~1.3% ($0.32 a year, payout ~16%)

As of October 2026, Garrett trades near 11 times forward earnings and about 8.9 times EV/EBITDA, the profile of a cash-generative but slower-growth auto supplier rather than a high-multiple growth name. The heavy buyback program has cut the share count sharply since 2023, so per-share metrics benefit even when total revenue grows only modestly. Six analysts in the Yahoo Finance consensus rate it a buy with a mean target near $35.33, well above the October 16 close after the stock's three-month pullback.

Other names that sit close to GTX: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get GTX exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so GTX sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where GTX fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

In short, GTX is a profitable, cash-generative auto supplier whose story hinges on whether growth in electrified and non-automotive products can offset the long-term fade of the combustion engine. At roughly 11 times forward earnings ahead of third-quarter results on October 29, 2026, the market is pricing it as a cash-return auto supplier rather than a growth company.

Whether GTX is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is GTX a buy or a sell?, and where the stock could go from here in the GTX stock forecast.

For income investors, whether GTX pays a dividend and how the payout looks is covered in does GTX pay a dividend? And to weigh GTX against a peer, read the full side-by-side comparisons: GTX vs BWA and GTX vs CMI.