What happened with CPS today?
No read yet
Uses news and trading volume to explain the day’s move and how it relates to the market.
Stop guessing. Get the call, a three-month target price, the best and worst cases, and a source for every claim.
Cooper-Standard Automotive Inc. supplies parts for passenger cars and light trucks. Its seals keep weather, dust and noise out of vehicle interiors, while its fluid handling systems carry and control fuel, brake fluid and fluids used in cooling and other vehicle functions. These two product lines generate nearly all revenue. Automakers buy most of its output directly for installation in new vehicles; smaller sales go to automotive suppliers, replacement-market distributors and other industries.
Most parts are designed for specific vehicle platforms, often alongside the automaker’s engineers. Once selected, the company typically supplies a platform throughout its production life, but that business is not guaranteed: customers adjust orders with production needs and can move awarded work to another supplier. Ford, General Motors and Stellantis together supply most of its sales, so revenue depends heavily on how many vehicles these customers build, particularly models using the company’s parts.
The risk section is the longest, dullest part of the filing. This keeps only what can really hurt you: where it hits, how hard, when it plays out.
Every company claims an edge. Each one is checked against hard numbers like margins and returns: which hold, and which line gives way first.
Watch Ford most closely: Cooper Standard’s largest customer supplied 27% of its 2025 sales, while direct sealing and fluid-handling rivals Toyoda Gosei and Hutchinson are missing from this list.
Cooper Standard depends directly on General Motors, which buys its vehicle seals and fluid systems and accounted for 19% of its 2025 sales. Watch production of GM models using those parts, rather than GM’s vehicle sales alone.
Stellantis pays Cooper Standard for vehicle seals and fluid systems, providing 10% of its 2025 sales. Cuts to purchases or the discontinuation or reassignment of a vehicle platform could hurt Cooper Standard’s revenue.
Magna International and Cooper Standard both sell model-specific parts to automakers, so production changes feed into their order volumes. Magna’s body, exterior and seating sales offer a view of North American and European factory demand, while Cooper Standard supplies seals and fluid systems.
Lear’s seat and electrical-system sales follow the automaker production volumes that also drive Cooper Standard’s seals and fluid systems. Watch sales in Lear’s Seating and E-Systems businesses for another view of demand from vehicle manufacturers.
Adient and Cooper Standard share exposure to passenger-car and light-truck production: automakers buy Adient’s seats and Cooper Standard’s seals and fluid systems. Adient’s seating business is the relevant comparison, not a direct match for Cooper Standard’s products.
Dana’s sales to light-vehicle manufacturers share the production exposure behind Cooper Standard’s seals and fluid systems; Dana supplies parts such as axles, driveshafts and thermal products. Watch its Light Vehicle business, which generated 70% of Dana’s 2025 external sales, rather than its commercial-vehicle business.
Strattec Security Corp shares the North American vehicle-production exposure behind Cooper Standard’s large Ford, GM and Stellantis business. Its model-specific locks, keys and powered-door systems sold to automakers provide another view of factory demand for parts, alongside Cooper Standard’s seals and fluid systems.
BorgWarner’s automaker customers choose combustion, hybrid or electric powertrains, choices that also affect demand for Cooper Standard’s fluid systems. Watch BorgWarner’s powertrain and thermal-product sales for shifts in what vehicle makers need to move fluids and manage heat.
Autoliv’s airbags and seatbelts follow vehicle production, as do the seals and fluid systems Cooper Standard sells to automakers. Its safety-product sales offer a production comparison, but Autoliv has also grown through new technology and market-share gains.
Aptiv shares the vehicle-program production cycle that drives Cooper Standard’s component sales, selling automakers electrical distribution systems and electronics rather than seals and fluid systems. Its automotive power, signal and data distribution business is a concrete place to watch demand from vehicle programs.
Gentherm Inc offers a view of vehicle climate and comfort demand alongside Cooper Standard’s fluid-transfer systems, which support heat management and heating and air conditioning. Watch Gentherm’s automotive climate, comfort and valve products, rather than its medical temperature-management business.
Visteon and Cooper Standard both depend on automakers’ production programs, with Visteon selling cockpit electronics while Cooper Standard supplies seals and fluid systems. Visteon’s instrument-cluster and information-display sales provide a different product view of those programs.
Gentex and Cooper Standard share exposure to automakers’ vehicle production: Gentex sells factory-installed mirrors and electronics, while Cooper Standard sells seals and fluid systems. Gentex’s automatic-dimming and advanced-feature mirror sales are the relevant product lines to watch.
General Motors Company earningsGM
General Motors’ report will show whether production of models using Cooper-Standard’s parts is supporting purchases from a customer that accounted for 19% of its 2025 sales.
Focus on production of GM models that use Cooper-Standard’s seals and fluid systems, and GM’s related purchases—not just GM’s total vehicle sales. Steady or rising production and purchases would show that this customer, which accounted for 19% of Cooper-Standard’s 2025 sales, is still generating orders; declines would put that revenue under pressure.
Gentherm Inc earningsTHRM
Gentherm’s automotive climate, comfort and valve-product sales will show how automaker demand for related thermal-management products is changing, offering a read-through for Cooper-Standard’s fluid handling systems.
Watch Gentherm’s automotive climate, comfort and valve-product sales, not its medical temperature-management business. Growth would indicate firmer automaker demand for climate and thermal-management products, a supportive signal for Cooper-Standard’s fluid handling systems; weaker sales would suggest that shared demand may be cooling, but would not establish a change in Cooper-Standard’s own orders.
Stellantis N.V. earningsSTLA
Stellantis’ report will show whether it is maintaining vehicle programs and purchases for models that use Cooper-Standard’s seals and fluid systems.
Look for whether Stellantis maintains the relevant vehicle programs and purchases; total vehicle sales alone cannot confirm orders for these parts. Steady programs and purchases would show that this customer, which accounted for 10% of Cooper-Standard’s 2025 sales, is still bringing in business; purchase cuts, discontinued models or reassigned programs would put that revenue at risk.
Durable Goods Orders MoM (Sep)
Cooper-Standard’s orders for custom sealing and fluid-handling parts depend on automakers’ vehicle production, so durable-goods orders show whether demand for the vehicles using those parts may support or reduce its sales.
Expected0.2%Last release-0.1%
If it comes in above expectations
If the reading is above the 0.2% estimate, it is above the previous -0.1%. Stronger-than-expected orders, especially for motor vehicles, may point to more production by the automakers that account for most of Cooper-Standard’s sales, supporting orders for its platform-specific parts and revenue.
If it comes in below expectations
Weaker-than-expected orders may signal automakers will produce fewer vehicles, reducing orders for Cooper-Standard’s custom parts and the revenue those orders generate.
Dana Incorporated earningsDAN
Dana’s Light Vehicle sales will show how demand for automaker parts is changing, offering a read-through on the vehicle production that drives Cooper-Standard’s orders.
Watch Dana’s Light Vehicle sales, not its commercial-vehicle business; Light Vehicle generated 70% of Dana’s 2025 external sales. Steady or rising sales would indicate support for related automaker production demand, a favorable read-through for Cooper-Standard’s seals and fluid systems; a decline would suggest that shared demand may be weakening, but cannot replace Cooper-Standard’s own order data.
Fed Interest Rate Decision
The Fed’s policy rate is the benchmark that influences interest on some of Cooper-Standard’s variable-rate borrowings, affecting the cash it must pay to service debt.
Expected4.0%Last release4.0%
If it comes in above expectations
A higher-than-expected rate can raise interest on borrowings that reprice, increasing Cooper-Standard’s debt-service cash costs and leaving less cash for other needs.
If it comes in below expectations
A lower-than-expected rate can reduce interest on borrowings that reprice, easing Cooper-Standard’s debt-service cash costs and freeing cash for other needs.
Cooper-Standard Automotive Inc. earningsThis company
Cooper-Standard’s report will show whether sales and margins in its sealing and fluid handling systems can withstand shifts in automaker orders and customer price pressure.
Read sales in both segments alongside gross margin, the share of sales left after product costs. Rising sales and margin would show that volume and product mix are not overwhelming the business, and that manufacturing and purchasing savings are outweighing labor, overhead and customer price pressure. Falling sales or margin would show those pressures are still eroding the business.
Industrial Production MoM (Oct)
Factory output, especially vehicle production, shows whether automakers may build more or fewer vehicles needing Cooper-Standard’s sealing and fluid-handling parts, affecting its sales.
Stronger vehicle production may support automakers’ orders for Cooper-Standard’s custom parts; weaker production may mean fewer orders and less sales revenue.
