Topic: How To Invest

Power Growth Investor Hotline – Friday, February 21, 2025

Article Excerpt

GARMIN LTD., $224.71, is a buy. The company (symbol GRMN on Nasdaq) makes GPS devices and software for five different markets: fitness, outdoors, auto, aviation, and marine. The stock rose almost 7% this week to a new all-time high, after the company reported improved results in the latest quarter. In the three months ended December 31, 2024, Garmin’s overall revenue climbed 22.9%, to $1.62 billion from $1.48 billion a year earlier. Sales in the marine segment rose 5%. Sales in the fitness segment jumped 31%, primarily due to strong demand for advanced wearables. The outdoor segment’s revenue rose 29% and revenue in the aviation segment rose 9%. Sales in the auto segment jumped 30%, on higher sales of domain controllers. In automotive applications, a domain controller is a computer that directs a set of vehicle functions related to a specific area, or domain. Functional domains that require a domain controller are typically compute-intensive and connect to many input/output devices. Examples of relevant domains include…