Garmin Stock Price, News & Analysis

Garmin has launched the 2022 Garmin Tacx Mash Down Tour, starting on January 20, covering 11 cities across the U.S. This event will showcase Garmin and Tacx products through hands-on demos and competitive challenges on Zwift. Each tour stop will allow participants to test various Garmin cycling products, including Tacx trainers and Edge GPS cycling computers. Attendees can also enter to win prizes, including Tacx trainers. This initiative aims to promote Garmin's ecosystem among cyclists, enhancing brand visibility and product engagement.

Garmin released its 2021 Global Garmin Connect Fitness Report, showcasing record activity levels among smartwatch users amid ongoing COVID-19 challenges. In 2021, indoor fitness activities surged by 20.54%, with Pilates and yoga leading the growth. Outdoor activities also increased by 9.52%, driven by gravel cycling and winter sports. Key highlights include a 108.30% rise in Pilates sessions and significant growth in breathwork and gravel rides. The report reflects Garmin's commitment to enhancing fitness experiences for its users and demonstrates resilience in a global pandemic environment.

Garmin has launched the vívomove Sport, a hybrid smartwatch combining the classic look of an analog watch with modern health and fitness tracking features. Priced at $179.99, this new addition includes Body Battery energy monitoring, stress tracking, sleep monitoring, and various built-in sports apps. The design features real ticking watch hands that reveal a hidden touchscreen display. Garmin aims to attract users looking for a stylish yet functional wellness accessory.

Garmin has launched the Venu 2 Plus, a new GPS smartwatch that allows users to make calls and use voice assistants directly from their wrist. Key features include heart rate monitoring, advanced sleep tracking, and a battery life of up to 9 days. The smartwatch supports over 25 sports apps and provides health insights through tools like Body Battery and Health Snapshot. Priced at $449.99, it is designed for durability and convenience, making it suitable for active lifestyles.

Garmin has launched three new rugged devices in the Tread series: Tread XL Overland Edition, Tread Overland Edition, and Tread SxS Edition. Designed for off-road enthusiasts, these devices feature a glove-friendly touchscreen, turn-by-turn trail navigation, and built-in inReach technology for global satellite communication. The Tread devices come in vibrant 10-inch and 8-inch displays, with prices ranging from $1,299.99 to $1,499.99. They also include extensive mapping options, group tracking, and various off-road functionalities, making them ideal for adventure seekers.

Garmin Ltd. (NYSE:GRMN) has acquired Vesper Marine, a company specializing in AIS, VHF, and vessel monitoring solutions for the marine industry. This acquisition aims to enhance Garmin's existing marine product lineup, providing improved situational awareness for boaters. Vesper Marine's Cortex system merges VHF radio with smartAIS technology, featuring alarms for potential hazards. The integration will leverage Garmin's established market presence, though financial terms remain undisclosed. The acquisition is expected to strengthen Garmin's position as a leader in marine technology.

Garmin has entered into a long-term agreement with Heart Aerospace to supply the G3000 integrated flight deck for the upcoming ES-19 electric airliner. This 19-seat aircraft aims to offer a sustainable transport option by 2026, with United Airlines conditionally planning to purchase 100 units upon meeting safety and operational criteria. The G3000 system, designed for electric aircraft, will enhance operational performance and battery management. Garmin's involvement highlights its commitment to innovation in aviation, promising reduced emissions and lower operational costs in the regional air transport market.

Garmin (NYSE: GRMN) has been recognized as Supplier of the Year by Embraer for the seventh consecutive year during the virtual Suppliers Conference on December 2. Garmin excelled in the Electric and Electronic Systems category, praised for its G3000 Prodigy Touch flight deck systems in the Phenom 100EV and Phenom 300E. The award reflects Garmin's commitment to innovation, production support, and customer satisfaction. Over the last decade, Garmin has received 12 supplier awards from Embraer, showcasing its leadership in avionics solutions for various aviation sectors.