TSE:MRE
Martinrea (MRE.TO)
10.37
-0.55 (5.00%)
as of Jun 10, 2026, 7:54:30 pm Market Open.
187 watching
Financials 
Technical Analysis 0
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BUY
He does think there's some benefit in parts/repair. These companies are better value and have more upside. Interest rates will be challenging for a bigger purchase like a car. People who buy cars also tend to have mortgages. That's why he favours parts companies over the auto makers.
Brendan CaldwellOwned
metal fabricators
PAST TOP PICK
(A Top Pick Dec 21/21, Up 6%) Very tough year for auto stocks.
Consumer discretionary business will be tough in the coming year.
Low supply due to chip shortage will be silver lining as economy enters recession (don't have too much inventory).
Very cheap price for the stock and will continue to own stock.
John ZechnerOwned
metal fabricators
PAST TOP PICK
(A Top Pick Oct 04/21, Down 22%) The chip shortage and rising labour costs have hurt this stock. It has disappointed. But it's cheaper now in terms of PE and cash flow. Their last quarter was pretty good. Auto inventories are low, so he sees no shortage of business for them.
John ZechnerOwned
metal fabricators
TOP PICK
Builds components for cars. The supply chain has loosened up and the demand is still there - good for the business. Recent earnings were much ahead of expectations and they kept guidance. As far as the wider space, e.g. Linamar and Magna, it is a bit smaller so has more flexibility to go into areas that they can't move to quite as quickly. Buy 5 Hold 4 Sell 0 (Analysts’ price target is $14.50)
Bruce Campbell (2)Owned
metal fabricators
PAST TOP PICK
(A Top Pick Aug 23/21, Down 19%) Slowdown in the auto sector went on longer. Still likes it and the valuation, added recently. Last quarter wasn't bad. Chip shortage is easing.
John ZechnerOwned
metal fabricators
PAST TOP PICK
(A Top Pick Jun 18/21, Down 28%) Auto sector has been hit very hard with recent supply chain issues, inflation and market slowdown.
Current share price is presenting good buying opportunity.
~3x share price to cash flow.
Will continue to hold shares.
John ZechnerOwned
metal fabricators
HOLD
Prefers it to Linamar because of the valuation and they have more plays on batteries for EVs, which offer growth potential. These stocks move as a group, though it's been a bloodbath for this sector over recession fears. Semis shortages have been an overhang longer than he expected. But car demand remains high with inventories low. They will do well as we transition to e-cars. Also likes Magna.
John ZechnerOwned
metal fabricators
PAST TOP PICK
(A Top Pick Apr 19/21, Down 42%) The car sector has been decimated and the chip shortage hasn't helped. The car sector is acting like we're in the next recession already, though he doesn't see one coming.
John ZechnerOwned
metal fabricators
DON'T BUY
Raw material and labour costs will rise for all auto-parts makers, which will pressure their margins. That said, it's a very good business to be in. He prefers Magna and Linamar. MRE has always been cheaper in PE to their peers, but it's not his first choice in auto-parts. All these companies will adapt to the EV market. See also his comments on LNR.
metal fabricators
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This Canadian based auto and propulsion light parts manufacturer is firing on all cylinders — pardon the pun. Recently reported earnings showed an all time record sales level - up 22% on the year. Management reports restrictions in semi-conductor parts are starting to ease and most of their plants are operation at full capacity. We like that cash reserves are growing as they retire debt. We recommend setting a stop loss at $11.00, looking to achieve $18.50 — upside potential of 37%. Yield 1.49%
(Analysts’ price target is $18.44)