Magna International shares slide as investors digest Q1 GAAP loss and softer production assumptions

Magna International Inc. (MGA) is down 6.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to the company’s first-quarter update, where a headline GAAP loss contrasted with stronger adjusted profitability and a maintained full-year outlook. Investors may also be weighing modestly lower North American and European light-vehicle production assumptions, which can pressure near-term volume expectations for an auto supplier.

Details:

The company reported a net loss attributable to Magna of $12 million for Q1 2026, versus net income in the prior-year quarter, even as adjusted EPS increased year over year.

Full-year 2026 outlook ranges were maintained, which may have been viewed as cautious given the mixed GAAP-versus-adjusted picture in the quarter.

Key industry assumptions were nudged lower for North America and Europe light-vehicle production versus the company’s prior update, a signal of a softer production environment.

This could also be because the stock had priced in a cleaner “beat,” and traders sold the news after the release and related call materials.

Sources:

GlobeNewswire, Associated Press, Magna International

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$MGA Hedge Fund Activity

We have seen 238 institutional investors add shares of $MGA stock to their portfolio, and 162 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FIL LTD added 4,535,705 shares (+140.9%) to their portfolio in Q4 2025, for an estimated $241,753,076
PZENA INVESTMENT MANAGEMENT LLC removed 3,784,227 shares (-13.0%) from their portfolio in Q1 2026, for an estimated $211,197,708
HARRIS ASSOCIATES L P removed 1,953,617 shares (-90.4%) from their portfolio in Q4 2025, for an estimated $104,127,786
POINT72 ASSET MANAGEMENT, L.P. removed 1,740,381 shares (-94.1%) from their portfolio in Q4 2025, for an estimated $92,762,307
AQR CAPITAL MANAGEMENT LLC added 1,645,151 shares (+9533.8%) to their portfolio in Q4 2025, for an estimated $87,686,548
JANE STREET GROUP, LLC removed 1,167,122 shares (-97.0%) from their portfolio in Q4 2025, for an estimated $62,207,602
ACR ALPINE CAPITAL RESEARCH, LLC removed 1,158,822 shares (-19.3%) from their portfolio in Q1 2026, for an estimated $64,673,855

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$MGA Congressional Stock Trading

Members of Congress have traded $MGA stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $MGA stock by members of Congress over the last 6 months:

REPRESENTATIVE DAN NEWHOUSE sold up to $15,000 on 12/11.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API.

$MGA Analyst Ratings

Wall Street analysts have issued reports on $MGA in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

BMO Capital issued a "Outperform" rating on 11/03/2025

To track analyst ratings and price targets for $MGA, check out Quiver Quantitative's $MGA forecast page.

$MGA Price Targets

Multiple analysts have issued price targets for $MGA recently. We have seen 13 analysts offer price targets for $MGA in the last 6 months, with a median target of $65.0.

Here are some recent targets:

Jonathan Goldman from Scotiabank set a target price of $72.0 on 04/24/2026
Ryan Brinkman from JP Morgan set a target price of $70.0 on 04/23/2026
Joseph Spak from UBS set a target price of $62.0 on 04/14/2026
Mark Delaney from Goldman Sachs set a target price of $52.0 on 04/14/2026
Colin Langan from Wells Fargo set a target price of $59.0 on 03/31/2026
Dan Levy from Barclays set a target price of $66.0 on 03/30/2026
Michael Ward from Citigroup set a target price of $58.0 on 03/23/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.