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Prediction: This Stock Will Continue to Trounce the S&P 500
GRMNGarmin(GRMN) fool.com·2024-05-27 19:00

The S&P 500 index just hit another new record high, but one under-followed stock has been doing even better. Every segment reported higher year-over-year revenue with total sales increasing by 20%. The company's most recent guidance is for 10% sales growth in 2024 over 2023. Those growing sales are why the company's profits have been steadily increasing for years, as the chart below shows. Even Garmin's automotive segment has been rejuvenated. Sales to auto original equipment manufacturers (OEMs) jumped 58% ...