Toronto, Ontario -- Shares of the Aurora, Ontario-based auto parts manufacturer Magna International rose to their highest level in nearly two years in December, though the stock remains well below its historic high watermark.
Magna shares closed at $76.22 on Dec. 19, 2025, a level not seen since early 2024. The shares remain far below Magna’s all-time high of about $121.04, reached on May 8, 2021.
The recent rise followed improved financial results reported during 2025. In its third-quarter results released on Oct. 31, 2025, Magna reported stronger free cash flow and said it expected lower capital spending by year end, increasing cash available for debt reduction and share buybacks.
“Our strong third quarter performance exceeded our expectations and underscores the resilience of our business amid dynamic operating conditions,” Swamy Kotagiri, Magna’s chief executive officer, said in the quarterly release.
Despite the rebound, the share price remains under pressure compared with earlier periods. Company filings from 2024 and 2025 show revenue declined in recent quarters due to lower light vehicle production in North America and Europe and the wind-down of certain vehicle programs. Magna also cited higher tariff costs, increased production input costs and foreign exchange impacts in its 2025 quarterly filings as factors affecting profitability.
The company’s share price over the past several years has tracked broader changes in the automotive supply sector, including shifts in global vehicle production, trade-related costs and the transition toward electric vehicles.
Magna has also faced increased public attention since June 2024, when Ontario Provincial Police laid criminal charges against founder Frank Stronach. The charges relate to alleged incidents dating back several decades. Stronach has denied the allegations.
