Garrett Motion (GTX) Surges 9.8%: Is This an Indication of Further Gains?

Company Overview - Garrett Motion (GTX) shares increased by 9.8% to $8.06 in the last trading session, following a period of 22.4$0.28 per share, unchanged from the same quarter last year, with revenues projected at $839 million, reflecting an 8.3% decline year-over-year [3] - The consensus EPS estimate for Garrett has remained stable over the last 30 days, suggesting that stock price movements may not sustain without trends in earnings estimate revisions [5] Market Position and Competitors - The recent stock gain is attributed to new business wins that underscore Garrett's technology leadership and support its expansion in the US and China [2] - Garrett Motion is part of the Zacks Automotive - Original Equipment industry, where another competitor, Denso Corp. (DNZOY), saw a 2.9% increase in its stock price, although it has returned -15.5% over the past month [5]