Goodyear Announces Redemption of $400M Senior Notes

GoodYear Tire ( (GT) ) just unveiled an update.

On May 29, 2025, Goodyear announced the redemption of $400 million of its 5% Senior Notes due 2026, set for June 30, 2025. This financial move is part of Goodyear’s broader strategy following the sale of its off-the-road (OTR) tire business to The Yokohama Rubber Company for approximately $905 million, completed on February 3, 2025. The divestiture, which included entities in Japan and Australia, allows Goodyear to focus on its core operations while maintaining a product supply agreement with Yokohama for certain OTR tires. This strategic shift is expected to impact Goodyear’s financial operations, as reflected in the pro forma financial statements, although these are not indicative of future performance.

The most recent analyst rating on (GT) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on GoodYear Tire stock, see the GT Stock Forecast page.

Spark’s Take on GT Stock

According to Spark, TipRanks’ AI Analyst, GT is a Neutral.

Goodyear Tire’s overall stock score reflects a company with mixed financial performance, facing challenges with declining revenues and high leverage. However, technical indicators show positive momentum, and recent strategic initiatives, such as asset sales and board appointments, are promising. The valuation is fair but tempered by the absence of a dividend yield. Earnings call highlights and corporate events provide some optimism, yet the company must address core financial challenges to strengthen its position.

To see Spark’s full report on GT stock, click here.

More about GoodYear Tire

Goodyear Tire & Rubber Company operates in the tire manufacturing industry, specializing in the production of tires for various vehicles. Its market focus includes both consumer and commercial sectors, providing a range of tire products globally.

Average Trading Volume: 6,327,773

Technical Sentiment Signal: Buy

Current Market Cap: $3.25B

For a thorough assessment of GT stock, go to TipRanks’ Stock Analysis page.