Garmin VP Minard sells $181k in shares

Published 07/08/2025, 08:22
Garmin VP Minard sells $181k in shares

Laurie A. Minard, VP of Human Resources at Garmin LTD (NASDAQ:GRMN), sold 787 shares of the company’s stock on August 6, 2025. The shares were sold at a price of $230.00, for a total transaction value of $181010. The sale comes as Garmin, with a market capitalization of $44.3 billion, trades at a P/E ratio of 28.1x. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with impressive gross profit margins of 59%.

Following the transaction, Minard directly owns 4,547 shares of Garmin LTD, which includes 4,491 unvested shares acquired pursuant to previously granted restricted stock unit awards and 56 shares acquired in June 2025 under the Garmin Ltd (NYSE:GRMN). Employee Stock Purchase Plan. InvestingPro subscribers have access to 14 additional key insights about Garmin, including detailed analysis of its strong financial health rating and impressive long-term returns.

In other recent news, Garmin Ltd. reported second-quarter results that significantly exceeded analyst expectations. The company posted adjusted earnings of $2.17 per share, surpassing the analyst consensus of $1.86. Revenue reached a record $1.81 billion, which exceeded the $1.7 billion estimate and marked a 20% increase compared to the same period last year. These strong financial results were driven by robust demand across all business segments. Garmin also raised its full-year guidance, indicating confidence in continued growth. The company’s impressive performance and optimistic outlook have captured the attention of investors.

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