Lear Corp SVP and CFO Cardew sells $492k in company stock

Published 31/07/2025, 15:52
Lear Corp SVP and CFO Cardew sells $492k in company stock

Lear Corp (NYSE: NYSE:LEA), a prominent player in the Automobile Components industry, saw its Senior Vice President and Chief Financial Officer Jason M. Cardew sell 5,000 shares of company stock on July 29, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The transaction comes as the stock has experienced a significant 12.8% decline over the past week, according to InvestingPro data. The sales, totaled $492367, with prices ranging from $96.694 to $99.5 per share.

Following the transactions, Cardew directly owns 20,244 shares of Lear Corp.

In other recent news, Lear Corporation reported its second-quarter 2025 earnings, which showed mixed results. The company missed its earnings per share (EPS) forecast, reporting $3.06 against the anticipated $3.26, a negative surprise of 6.13%. However, Lear’s revenue exceeded expectations, reaching $6 billion compared to the forecasted $5.89 billion. Additionally, UBS adjusted its price target for Lear, lowering it from $116 to $109, while maintaining a Neutral rating. The adjustment was attributed to ongoing volume and mix headwinds impacting margins, despite some improvements in underlying costs. UBS highlighted that Lear’s earnings growth might rely more heavily on further cost savings due to its more challenging growth narrative. These developments provide insight into the current financial and operational landscape for Lear.

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