Magna International stock gains as the TSX rebounds

Published on 09/03/2026 at 15:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Magna International stock climbed 3.4 percent to USD 65.78 on September 2, 2026. Reuters said the move came as the TSX recovered and auto parts shares outperformed.

MGA, CA5592224011, Illustration mit AI erstellt.

Magna International Inc. stock (CA5592224011) climbed 3.4 percent to USD 65.78 on September 2, 2026, while the 52-week range stood at USD 43.11 to USD 73.22. Reuters said the Toronto market recovered that day and Magna rose 2.9 percent within the consumer discretionary group.

TSX rebound

Reuters reported on September 2, 2026 that the S&P/TSX Composite Index ended at 36,091.61, up 265.88 points, or 0.7 percent. In the same session, consumer discretionary shares gained 1.4 percent and Magna was among the stronger auto parts names.

The stock also traded at a 34.6 percent premium to GuruFocus GF Value of USD 48.88, based on the September 2, 2026 snapshot. That gap is the kind of valuation spread that can matter more than the daily move itself for investors watching re-rating risk.

Valuation gap

GuruFocus put Magna's GF Score at 79 out of 100 and its P/E ratio at 23.8 times, versus a 5-year median of 14.7 times. The same source said the shares were 62 percent above that median, a concrete comparison that underlines the richer multiple.

The second number that matters is the fair value estimate of USD 48.88 versus the market price of USD 65.78. For a stock already near the upper half of its yearly range, that combination leaves little room for weak earnings news.

Go deeper

Magna International shares in detail

The latest market snapshot and the TSX session both point to a stock that is moving with the Canadian auto cycle and still carries a valuation premium.

Magna International overview

Auto parts exposure

Magna remains a major auto parts supplier, and Reuters' sector note on September 2, 2026 linked the move to a broader rise in consumer discretionary stocks. That makes the shares sensitive not only to company news but also to Canadian and US vehicle demand.

As of September 2, 2026, the stock also showed a 52-week band from USD 43.11 to USD 73.22, which places the latest price in the upper part of the range.

Closing level

On September 2, 2026, Magna International stock ended at USD 65.78 after the 3.4 percent gain. The Toronto move kept the name well above the GF Value estimate of USD 48.88.