Garrett Motion Announces Secondary Stock Offering

Garrett Motion ( (GTX) ) just unveiled an update.

On May 20, 2025, Garrett Motion Inc. announced a secondary public offering of 17 million shares of its common stock held by entities affiliated with Oaktree Capital Management, Centerbridge Partners, and Cyrus Capital Partners. The company also plans to repurchase approximately 2 million shares as part of its existing $250 million share repurchase program. The offering and repurchase are expected to impact Garrett’s financial operations by potentially altering its share structure and providing liquidity to the selling stockholders, while the company itself will not receive any proceeds from the offering.

The most recent analyst rating on (GTX) stock is a Buy with a $15.00 price target. To see the full list of analyst forecasts on Garrett Motion stock, see the GTX Stock Forecast page.

Spark’s Take on GTX Stock

According to Spark, TipRanks’ AI Analyst, GTX is a Neutral.

Garrett Motion is marked by strong technical momentum and undervaluation, offset by financial instability from high leverage and negative equity. While the company demonstrates robust cash flow and operational efficiency, challenges in revenue growth and market segments introduce risks. Positive earnings call sentiment and strategic wins provide confidence, but financial health remains a concern.

To see Spark’s full report on GTX stock, click here.

More about Garrett Motion

Garrett Motion Inc. is a leading technology provider in the automotive sector with a 70-year history of innovation. The company specializes in turbocharging, which helps reduce engine size, fuel consumption, and CO2 emissions. Garrett is expanding its impact by developing technology solutions for Zero Emission Vehicles, including fuel cell compressors for hydrogen vehicles and electric propulsion systems for battery electric vehicles. The company operates five R&D centers, 13 manufacturing facilities, and employs over 9,000 people across more than 20 countries.

Average Trading Volume: 1,826,738

Technical Sentiment Signal: Buy

Current Market Cap: $2.42B

See more insights into GTX stock on TipRanks’ Stock Analysis page.