Investment Rating - The report assigns an "Overweight" (OW) rating to General Motors (GM) and Ford, while Tesla and Rivian are rated "Underweight" (UW) [6][7]. Core Insights - The automotive industry is experiencing varied performance metrics across different companies, with GM and Ford showing potential upside in their stock prices, while Tesla and Rivian face significant downside risks [6][7]. - The report highlights the importance of valuation metrics such as EV/EBITDA, P/E ratios, and sales growth projections for assessing investment opportunities within the automotive sector [6][22]. Global Auto OEMs Investment Comparables - General Motors (GM) has a current price of $44.57 with a market cap of $43.067 billion and a target price of $53.00, indicating a 19% upside potential [6]. - Ford (F) is priced at $9.63 with a market cap of $38.294 billion and a target price of $11.00, representing a 14% upside [6]. - Ferrari (RACE) is valued at $439.97 with a target price of $460.00, showing a 5% upside [6]. - Tesla (TSLA) is currently priced at $241.37 with a target price of $120.00, indicating a -50% downside [6]. - Rivian (RIVN) has a price of $11.60 with a target price of $11.00, reflecting a -5% downside [6]. Global Auto Parts Suppliers Valuation Metrics - The average EV/EBITDA for US auto parts suppliers is projected at 1.8x for 2024, with a corresponding EBITDA margin of 12% [22]. - Aptiv (APTV) is rated "Overweight" with a current price of $51.71 and a target price of $102, indicating a 97% upside [22]. - Borg Warner (BWA) is rated "Overweight" with a price of $26.45 and a target price of $46, representing a 74% upside [22]. - Lear Corp (LEA) is rated "Overweight" with a price of $79.42 and a target price of $140, indicating a 76% upside [22]. Performance Metrics - The report indicates that the average revenue CAGR for US auto parts suppliers is projected to be 2% from 2023 to 2025 [74]. - The EBITDA margin for US auto parts suppliers is expected to be around 12% in 2025, with some companies showing higher margins [74][83]. - The report also highlights the financial returns of various suppliers, with some companies achieving significant returns on invested capital (ROIC) [54][56].

Company Performance - Gentex reported quarterly earnings of $0.43 per share, matching the Zacks Consensus Estimate, but down from $0.47 per share a year ago [1] - The company posted revenues of $576.77 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 1.74% and down from $590.23 million year-over-year [2] - Over the last four quarters, Gentex has surpassed consensus EPS estimates only once and has not beaten consensus revenue estimates [2] Stock Movement and Outlook - Gentex shares have declined approximately 23.5% since the beginning of the year, compared to a 6.8% decline in the S&P 500 [3] - The future performance of Gentex's stock will largely depend on management's commentary during the earnings call and the earnings outlook [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.45 on revenues of $586.76 million, and for the current fiscal year, it is $1.87 on revenues of $2.39 billion [7] Industry Context - The Automotive - Original Equipment industry, to which Gentex belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Gentex's stock performance [5][6]

consumer electronics, today reported financial results for the three months ended March 31, 2025. 1st Quarter 2025 Summary Exhibit 99.1 GENTEX REPORTS FIRST QUARTER 2025 FINANCIAL RESULTS ZEELAND, MI -- (GLOBE NEWSWIRE - April 25, 2025) - Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass, fire protection technologies, medical devices, and For the first quarter of 2025, the Company reported net sales of $576.8 million, compared to net sales of $590.2 milli ...

Financial Performance - For Q1 2025, the company reported net sales of $576.8 million, a decrease of 2% compared to $590.2 million in Q1 2024 [3][8] - Gross margin for Q1 2025 was 33.2%, down from 34.3% in Q1 2024, but improved by 70 basis points from Q4 2024 [4][8] - Operating income for Q1 2025 was $113.0 million, compared to $129.3 million in Q1 2024 [6][8] - Net income for Q1 2025 was $94.9 million, down from $108.2 million in Q1 2024, with earnings per diluted share at $0.42, a decrease of 11% from $0.47 in Q1 2024 [8][9] Market Conditions - Global light vehicle production increased by approximately 1% year-over-year but decreased by 3% quarter-over-quarter in primary markets [3] - The company experienced a shortfall of expected sales of approximately $25 - $30 million due to a weaker trim-mix in light vehicle production [3] Operating Expenses - Operating expenses rose by 8% to $78.7 million in Q1 2025, influenced by severance expenses of $2.9 million and one-time merger-related costs of $0.9 million [5][8] - Core operating expense growth was less than 3% for the quarter, excluding severance and merger-related expenses [5] Future Guidance - The company revised its revenue guidance for 2025 to $2.10 - $2.20 billion, down from the previous estimate of $2.40 - $2.45 billion, due to tariff impacts [18] - Light vehicle production in primary markets is expected to decline approximately 5% in 2025 compared to 2024, with a forecasted decrease of about 11% in the last three quarters of 2025 [15][16] Share Repurchases - During Q1 2025, the company repurchased 3.1 million shares at an average price of $24.52 per share, with approximately 6.3 million shares remaining available for repurchase [12]

Core Viewpoint - Analysts forecast Gentex (GNTX) will report quarterly earnings of $0.43 per share, reflecting a year-over-year decline of 8.5%, with revenues expected to be $584.51 million, a decrease of 1% compared to the previous year [1]. Earnings Projections - Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter, indicating that analysts have not changed their initial forecasts [2]. - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3]. Revenue Estimates - Analysts estimate 'Revenue- Other' to be $15.06 million, representing a year-over-year increase of 19.5% [5]. - 'Revenue- Automotive Products' is projected to reach $568.61 million, indicating a decline of 1.6% from the year-ago quarter [5]. Shipment Estimates - Total Interior Mirrors shipments are expected to be 7.59 million, down from 7.82 million year-over-year [6]. - Total Exterior Mirrors shipments are forecasted at 4.42 million, compared to 4.66 million in the previous year [6]. - Total Auto-Dimming Mirror Units are anticipated to reach 12.02 million, down from 12.47 million year-over-year [7]. - North American Mirror Units are expected to be 3.69 million, a decrease from 3.88 million in the same quarter last year [7]. - International Exterior Mirrors shipments are projected at 2.85 million, down from 3.03 million year-over-year [8]. - North American Exterior Mirrors shipments are estimated at 1.57 million, compared to 1.62 million in the previous year [8]. - Total International Mirror Units are expected to be 8.33 million, down from 8.59 million year-over-year [9]. - International Interior Mirrors shipments are forecasted at 5.48 million, compared to 5.55 million in the previous year [9]. - North American Interior Mirrors shipments are estimated at 2.11 million, down from 2.26 million year-over-year [10]. Stock Performance - Gentex shares have shown a return of -12.9% over the past month, compared to a -8.9% change in the Zacks S&P 500 composite [10].

The market expects Gentex (GNTX) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Apri ...

Core Points - Gentex Corporation will release its first quarter 2025 financial results on April 25, 2025, before the market opens [1] - A conference call for the investment community will take place at 9:30am ET to discuss the results [1] - The call will be accessible to the general public via a live audio webcast [2] Registration and Participation - Participants wishing to ask questions can register for the call to receive dial-in numbers and a unique PIN [2] - It is recommended for participants to join 10 minutes prior to the event start [2] - A listen-only webcast option is available for those who do not plan to ask questions [2] Post-Event Information - A replay of the webcast will be available approximately 24 hours after the conclusion of the call [3] - Contact information for Gentex Investor Relations is provided for further inquiries [3]

Core Viewpoint - VOXX International Corporation has been successfully acquired by Gentex Corporation in an all-cash transaction valued at $7.50 per share, marking a significant transformation for VOXX and its future growth potential [1][2]. Group 1: Acquisition Details - The acquisition was announced on December 18, 2024, and received overwhelming approval from VOXX stockholders during a special meeting held on March 31, 2025 [2]. - Gentex completed the acquisition on April 1, 2025, after meeting all regulatory and stockholder approval conditions [2][6]. Group 2: Leadership and Vision - Ari Shalam, Chairman of the Board of VOXX, expressed gratitude to employees and stakeholders, emphasizing the legacy and future potential under Gentex's leadership [3]. - Steve Downing, President and CEO of Gentex, highlighted the intention to continue the legacy of VOXX's founder and expand upon his vision in the automotive and consumer electronics industries [3]. Group 3: Strategic Benefits - Gentex's COO and CTO, Neil Boehm, noted that VOXX's products and market expertise will complement Gentex's existing business lines, particularly in smart home product expansion [4]. - The acquisition includes VOXX's expertise in consumer product distribution and premium audio solutions, enhancing Gentex's capabilities in various sectors [4][5]. Group 4: Company Backgrounds - VOXX International is recognized as a leader in automotive and consumer electronics, with a strong distribution network and market positions in in-vehicle entertainment and automotive security [7]. - Gentex Corporation, founded in 1974, is a technology company known for its electro-optical products and ongoing innovation across multiple verticals [8].

VOXX International was founded as Audiovox Corporation in 1965 by John Shalam, who most recently served as chairman of the board until stepping down late last year. He led VOXX as it grew to become a worldwide leader in automotive and consumer electronics, and was also active in the Consumer Technology Association (CTA). He helped establish the CTA's Wireless Communications Division in 2001 and was inducted into the Consumer Technology Hall of Fame in 2009. "We want to continue the legacy of VOXX Founder Jo ...

Core Viewpoint - Gentex (NASDAQ: GNTX) is identified as a stable stock within an industry facing challenges, demonstrating solid performance and reasonable valuation multiples while maintaining a strong balance sheet [1]. Company Summary - Gentex is a leading automotive supplier specializing in functional and technical rearview mirrors [1]. - The company has consistently delivered strong performance, indicating resilience in a challenging market environment [1]. Industry Summary - The automotive industry is currently experiencing headwinds, yet Gentex has managed to perform well despite these challenges [1]. - The focus on mergers, acquisitions, and significant corporate events highlights the dynamic nature of the industry, with opportunities for investment [1].