The latest announcement is out from GoodYear Tire ( (GT) ).
On May 7, 2025, Goodyear completed the sale of its rights to the Dunlop brand in Europe, North America, and Oceania to Sumitomo Rubber Industries for $735 million. This transaction is part of Goodyear’s broader strategy to optimize its portfolio and reduce leverage as part of the Goodyear Forward transformation plan. The company reported first quarter 2025 results with net sales of $4.3 billion and a net income of $115 million, reflecting improvements from the previous year. Despite challenges like higher raw material costs and inflation, Goodyear remains committed to its targets, including a segment operating margin of 10% by the end of 2025.
Spark’s Take on GT Stock
According to Spark, TipRanks’ AI Analyst, GT is a Neutral.
GoodYear Tire’s overall stock score reflects a company navigating through financial difficulties, with some bright spots in operational improvements and strategic initiatives. The high P/E ratio and absence of a dividend yield, combined with ongoing industry challenges, temper the positive signals from recent earnings and operational efficiency gains.
To see Spark’s full report on GT stock, click here.
More about GoodYear Tire
Goodyear Tire & Rubber Company operates in the tire manufacturing industry, producing consumer, commercial, and specialty tires. The company focuses on optimizing its portfolio and strengthening its financial position through strategic sales and transformation plans.
Average Trading Volume: 6,491,229
Technical Sentiment Signal: Buy
Current Market Cap: $3.12B
For a thorough assessment of GT stock, go to TipRanks’ Stock Analysis page.