Top 10 Auto Parts Stocks That Could Surge On Trump’s Auto Tariff Relaxation

4. The Goodyear Tire & Rubber Company (NASDAQ:GT)

The Goodyear Tire & Rubber Company is a manufacturer, developer, distributor, and seller of tires and related products and services. The company provides different lines of rubber tires for trucks, motorcycles, farm implements, aircraft, automobiles, buses, and others. It also sells installation products and services online.

As per the company’s recently announced Q4 results, sales went down by 3% YoY. The reason behind the decline in sales was lower volumes. Due to the impact of growth in low-end imports in major markets, unit volume declined by 4% YoY. The firm’s Forward initiatives added $195 million in savings.

On the back of the strong earnings, the company provided a positive future outlook. With the combined contribution of volume growth and price mix in the second half of the year, management anticipates achieving $750 million in gains from its Goodyear Forward initiative in 2025. Due to the increasing raw material costs, global unit volumes are expected to decrease by 2%-3% in Q1 2025.

The company holds a strong manufacturing presence in the U.S., which is seen as a protective factor against tariff concerns. Two weeks ago, Deutsche Bank showed optimism in the stock’s prospects by upgrading it to a Buy with an increased price target of $13. The bank believes that the company is well-positioned to achieve its planned margin improvements and cost savings worth $1.5 billion by 2026.