GNTX - Gentex Corporation: Cruising In The Direction Of An Upgrade

2024-07-18 14:19:26 ET

Summary

• Gentex Corporation is a leading automotive supplier focusing on digital vision, connected car, and dimmable glass products.
• The company's revenue and profitability are on the rise, with expected growth in light vehicle production likely to push results higher, despite a recent drop in shares.
• Analysts anticipate revenue and earnings growth for the company in the second quarter. But until new data comes out, a 'hold' rating makes the most sense.

To me, one of the most interesting companies on the market is Gentex Corporation ( GNTX ). The business serves as an automotive supplier focused on digital vision, connected car, and dimmable glass products. Even though the vast number of consumers have almost certainly never heard of the firm, almost all of them are likely to own one of its products. Last year alone, the company shipped 50.6 million mirrors globally, and it boasts an 89% share of the interior auto dimming mirror market....

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