Market Summary
USD106.78+0.35
Market Closed0.33%
GRMN Alerts
GRMN Stock Price
GRMN RSI Chart
GRMN Valuation
GRMN Price/Sales (Trailing)
GRMN Profitability
GRMN Fundamentals
GRMN Revenue
GRMN Earnings
Price Action
52 Week Range
76.37108.56
(Low)(High)
Last 7 days
1.0%
Last 30 days
5%
Last 90 days
3.3%
Trailing 12 Months
25.0%
GRMN Financial Health
GRMN Investor Care
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Net sales
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Latest Insider Trading transactions for GRMN
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-13 | BURRELL JONATHAN | gifted | - | - | -33,000 | - |
2023-09-13 | BURRELL JONATHAN | gifted | - | - | 33,000 | - |
2023-09-12 | BURRELL JONATHAN | gifted | - | - | -410,200 | - |
2023-09-12 | BURRELL JONATHAN | gifted | - | - | 410,200 | - |
2023-09-11 | BURRELL JONATHAN | gifted | - | - | -410,200 | - |
2023-09-11 | BURRELL JONATHAN | gifted | - | - | 410,200 | - |
2023-09-07 | Straub Philip | gifted | - | - | -855 | evp, man. director - aviation |
2023-09-05 | Wang Cheng-Wei | sold | -506,361 | 105 | -4,794 | general manager - garmin corp. |
2023-09-05 | KAO MIN H | gifted | - | - | -24,000 | executive chairman |
2023-09-05 | KAO MIN H | gifted | - | - | -44,000 | executive chairman |
Which funds bought or sold GRMN recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | reduced | -48.02 | -38,919 | 45,158 | 0.01% |
2023-08-25 | Yarbrough Capital, LLC | unchanged | - | 484,842 | 15,004,200 | 0.85% |
2023-08-22 | Segment Wealth Management, LLC | reduced | -1.59 | 170,975 | 10,272,400 | 1.06% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -1.94 | 345,528 | 26,224,200 | 0.04% |
2023-08-21 | BOKF, NA | added | 2.3 | 5,762 | 106,480 | -% |
2023-08-21 | Principal Street Partners, LLC | added | 0.27 | 13,441 | 386,222 | 0.09% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 34.97 | 1,178,310 | 4,140,030 | 0.01% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -0.96 | 33,000 | 1,437,000 | 0.01% |
2023-08-17 | Orion Portfolio Solutions, LLC | added | 159 | 437,804 | 697,572 | 0.01% |
2023-08-16 | Sunbelt Securities, Inc. | added | 6.25 | 102 | 1,722 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
GRMN Alerts
Schedule 13G FIlings of Garmin
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Jun 20, 2023 | burrell jonathan | 9.88% | 18,907,559 | SC 13G | |
| Feb 09, 2023 | vanguard group inc | 9.31% | 17,837,816 | SC 13G/A | |
| Feb 07, 2023 | kao min h | 9.85% | 18,847,060 | SC 13G/A | |
| Jan 31, 2023 | blackrock inc. | 7.7% | 14,794,671 | SC 13G/A | |
| Jan 03, 2023 | burrell jonathan | 9.85% | 18,986,433 | SC 13G | |
| Dec 13, 2022 | burrell jonathan | 9.91% | 19,103,683 | SC 13G/A | |
| Sep 12, 2022 | burrell jonathan | 9.91% | 19,103,683 | SC 13G/A | |
| Jun 13, 2022 | burrell jonathan | 9.95% | 19,214,349 | SC 13G/A | |
| Mar 10, 2022 | burrell jonathan | 10.41% | 20,070,232 | SC 13G/A | |
| Feb 03, 2022 | blackrock inc. | 6.9% | 13,187,637 | SC 13G/A |
Recent SEC filings of Garmin
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 13, 2023 | 4 | Insider Trading | |
| Sep 07, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Sep 05, 2023 | 4 | Insider Trading | |
| Aug 07, 2023 | 4 | Insider Trading | |
| Aug 04, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 02, 2023 | 10-Q | Quarterly Report | |
| Aug 02, 2023 | 8-K | Current Report | |
| Jun 27, 2023 | 11-K | Employee Benefit Details |
GRMN Fair Value
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Peers (Alternatives to Garmin)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
DHI | 38.3B | 34.6B | -2.36% | 57.38% | 7.84 | 1.11 | 8.28% | -12.38% |
GRMN | 20.4B | 4.9B | 5.00% | 24.95% | 20.56 | 4.16 | -1.64% | -2.00% |
PHM | 17.0B | 16.9B | -1.94% | 91.94% | 6.15 | 1.01 | 13.54% | 23.01% |
| MID-CAP | ||||||||
WHR | 7.5B | 19.1B | 2.34% | -3.45% | -4.83 | 0.39 | -10.19% | -317.37% |
MHK | 6.5B | 11.3B | -5.80% | -6.78% | -20.38 | 0.57 | -3.59% | -132.36% |
NWL | 3.9B | 8.5B | -6.86% | -39.08% | -12.54 | 0.46 | -18.72% | -142.43% |
LEG | 3.5B | 4.9B | -7.75% | -30.20% | 14.89 | 0.7 | -7.23% | -40.28% |
HELE | 2.8B | 2.0B | -6.12% | 4.33% | 19.55 | 1.35 | -6.89% | -26.19% |
SONO | 1.7B | 1.7B | -3.85% | -11.62% | -39.38 | 1.02 | -7.19% | -135.13% |
| SMALL-CAP | ||||||||
IRBT | 1.0B | 1.0B | 0.51% | -36.02% | -2.76 | 1 | -28.44% | -677.98% |
GPRO | 539.4M | 1.0B | -7.43% | -34.64% | -20.4 | 0.52 | -11.34% | -107.10% |
VUZI | 219.1M | 14.7M | -17.03% | -52.47% | -5.54 | 14.92 | 24.01% | 7.03% |
UEIC | 118.2M | 487.0M | -3.87% | -52.33% | -1.65 | 0.24 | -14.87% | -891.33% |
NEPH | 14.8M | 10.0M | -14.03% | 33.02% | -3.21 | 1.51 | 18.51% | 11.12% |
Garmin News
Returns for GRMN
Cumulative Returns on GRMN
12.6%
10-Year Cumulative Returns
14.6%
7-Year Cumulative Returns
10.7%
5-Year Cumulative Returns
4.6%
3-Year Cumulative Returns
Risks for GRMN
What is the probability of a big loss on GRMN?
53.9%
Probability that Garmin stock will be more than 20% underwater in next one year
42.3%
Probability that Garmin stock will be more than 30% underwater in next one year.
12.7%
Probability that Garmin stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does GRMN drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Garmin was unfortunately bought at previous high price.
Drawdowns
Financials for Garmin
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 1.7% | 4,915 | 4,835 | 4,860 | 4,946 | 4,997 | 5,083 | 4,983 | 4,943 | 4,860 | 4,403 | 4,187 | 3,937 | 3,763 | 3,848 | 3,758 | 3,587 | 3,463 | 3,403 | 3,347 | 3,313 | 3,254 |
| Gross Profit | 1.1% | 2,828 | 2,797 | 2,807 | 2,834 | 2,859 | 2,911 | 2,890 | 2,909 | 2,881 | 2,616 | 2,481 | 2,330 | 2,229 | 2,289 | 2,234 | 2,144 | 2,057 | 2,005 | 1,980 | 1,934 | 1,891 |
| Operating Expenses | 2.2% | 1,840 | 1,801 | 1,779 | 1,758 | 1,740 | 1,714 | 1,672 | 1,635 | 1,572 | 1,490 | 1,427 | 1,370 | 1,325 | 1,318 | 1,288 | 1,252 | 1,231 | 1,217 | 1,201 | 1,195 | 1,174 |
| S&GA Expenses | 1.7% | 802 | 789 | 776 | 762 | 751 | 740 | 721 | 743 | 707 | 658 | 624 | 550 | 532 | 529 | 519 | 506 | 496 | 488 | 478 | 481 | 468 |
| R&D Expenses | 2.7% | 870 | 847 | 835 | 824 | 814 | 799 | 779 | 720 | 696 | 676 | 652 | 668 | 642 | 625 | 605 | 589 | 579 | 572 | 568 | 555 | 546 |
| EBITDA | -100.0% | - | 1,173 | 1,184 | 1,160 | 1,213 | 1,301 | 1,310 | 1,386 | 1,441 | 1,178 | 1,105 | 1,001 | 922 | 1,000 | 988 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.24* | 0.24* | 0.23* | 0.24* | 0.26* | 0.26* | 0.28* | 0.30* | 0.27* | 0.26* | 0.25* | 0.24* | 0.26* | 0.26* | - | - | - | - | - | - |
| Earnings Before Taxes | 3.5% | 1,088 | 1,051 | 1,065 | 1,044 | 1,099 | 1,192 | 1,207 | 1,289 | 1,351 | 1,176 | 1,103 | 999 | 920 | 999 | 987 | 932 | 875 | 836 | 823 | 776 | 764 |
| EBT Margin | -100.0% | - | 0.22* | 0.22* | 0.21* | 0.22* | 0.23* | 0.24* | 0.26* | 0.28* | 0.27* | 0.26* | 0.25* | 0.24* | 0.26* | 0.26* | - | - | - | - | - | - |
| Net Income | 3.1% | 994 | 964 | 974 | 966 | 1,015 | 1,074 | 1,082 | 1,130 | 1,184 | 1,051 | 992 | 1,020 | 934 | 973 | 952 | 782 | 738 | 705 | 694 | 646 | 613 |
| Net Income Margin | -100.0% | - | 0.20* | 0.20* | 0.20* | 0.20* | 0.21* | 0.22* | 0.23* | 0.24* | 0.24* | 0.24* | 0.26* | 0.25* | 0.25* | 0.25* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 650 | 544 | 284 | 384 | 499 | 705 | 1,043 | 1,075 | 1,097 | 950 | 770 | 693 | 631 | 581 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 1.9% | 7,872 | 7,726 | 7,731 | 7,628 | 7,814 | 7,703 | 7,854 | 7,571 | 7,403 | 7,000 | 7,031 | 6,551 | 6,220 | 6,054 | 6,167 | 5,755 | 5,525 | 5,280 | 5,383 | 5,096 | 4,989 |
| Current Assets | 3.7% | 4,111 | 3,964 | 3,955 | 3,968 | 4,123 | 4,082 | 4,262 | 4,009 | 3,884 | 3,558 | 3,669 | 3,342 | 3,258 | 2,929 | 3,058 | 2,758 | 2,461 | 2,512 | 2,665 | 2,401 | 2,324 |
| Cash Equivalents | 4.7% | 1,426 | 1,362 | 1,279 | 1,082 | 1,088 | 1,418 | 1,499 | 1,640 | 1,640 | 1,600 | 1,459 | 1,224 | 1,355 | 1,049 | 1,028 | 977 | 820 | 1,116 | 1,202 | 1,057 | 947 |
| Inventory | -5.2% | 1,402 | 1,479 | 1,515 | 1,533 | 1,455 | 1,340 | 1,228 | 1,114 | 939 | 838 | 762 | 821 | 813 | 790 | 753 | 750 | 648 | 598 | 562 | 557 | 501 |
| Net PPE | 1.3% | 1,181 | 1,165 | 1,147 | 1,100 | 1,114 | 1,093 | 1,067 | 975 | 958 | 861 | 856 | 814 | 791 | 755 | 729 | 711 | 702 | 672 | 664 | 651 | 637 |
| Goodwill | 0.3% | 573 | 572 | 568 | 541 | 561 | 573 | 575 | - | - | - | 584 | - | - | - | - | - | - | - | - | - | - |
| Current Liabilities | 43.8% | 1,450 | 1,008 | 1,212 | 1,443 | 1,624 | 1,153 | 1,448 | 1,374 | 1,459 | 933 | 1,164 | 1,123 | 1,164 | 782 | 1,036 | 1,043 | 1,028 | 623 | 921 | 854 | 929 |
| Shareholder's Equity | -4.4% | 6,124 | 6,405 | 6,204 | 5,878 | 5,866 | 6,249 | 6,114 | 5,855 | 5,584 | 5,716 | 5,516 | 5,104 | 4,741 | 4,934 | 4,793 | 4,381 | 4,151 | 4,315 | 4,163 | 3,953 | 3,759 |
| Retained Earnings | -9.5% | 4,465 | 4,936 | 4,734 | 4,439 | 4,226 | 4,532 | 4,321 | 4,035 | 3,776 | 3,974 | 3,754 | 3,421 | 3,108 | 3,390 | 3,229 | 2,869 | 2,641 | 2,851 | 2,711 | 2,521 | 2,337 |
| Additional Paid-In Capital | 1.4% | 2,078 | 2,048 | 2,042 | 2,027 | 2,009 | 1,983 | 1,961 | 1,950 | 1,927 | 1,893 | 1,880 | 1,873 | 1,852 | 1,830 | 1,836 | 1,842 | 1,825 | 1,810 | 1,824 | 1,843 | 1,829 |
| Accumulated Depreciation | 2.7% | 960 | 934 | 905 | - | - | - | - | - | - | - | - | - | - | - | 677 | - | - | - | 610 | - | - |
| Shares Outstanding | 0.0% | 191 | 191 | 192 | 192 | 193 | 193 | 193 | 192 | 192 | 192 | 192 | 191 | 191 | 191 | 191 | 190 | 190 | 190 | 189 | 189 | 189 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 22.0% | 1,076 | 882 | 788 | 589 | 680 | 830 | 1,012 | 1,279 | 1,308 | 1,278 | 1,135 | 934 | 848 | 760 | 699 | 682 | 757 | 870 | 920 | 900 | 835 |
| Share Based Compensation | 10.5% | 80.00 | 73.00 | 77.00 | 82.00 | 87.00 | 95.00 | 93.00 | 96.00 | 95.00 | 88.00 | 81.00 | 69.00 | 64.00 | 64.00 | 63.00 | 62.00 | 60.00 | 58.00 | 56.00 | 54.00 | 52.00 |
| Cashflow From Investing | 1161.1% | 182 | -17.14 | -145 | -482 | -674 | -507 | -475 | -392 | -573 | -285 | -260 | -262 | 11.00 | -497 | -450 | -436 | -468 | -227 | -307 | -344 | -361 |
| Cashflow From Financing | -1.2% | -920 | -909 | -840 | -620 | -528 | -493 | -486 | -474 | -463 | -457 | -461 | -438 | -321 | -322 | -416 | -306 | -406 | -398 | -286 | -381 | -388 |
| Dividend Payments | 1.5% | 700 | 690 | 679 | 528 | 516 | 504 | 491 | 479 | 467 | 459 | 451 | 442 | 326 | 325 | 417 | 309 | 409 | 401 | 296 | 392 | 387 |
| Buy Backs | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 21.00 |
GRMN Income Statement
2023-07-01Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jul. 01, 2023 | Jun. 25, 2022 | Jul. 01, 2023 | Jun. 25, 2022 | |
| Income Statement [Abstract] | ||||
| Net sales | $ 1,320,795 | $ 1,240,833 | $ 2,468,219 | $ 2,413,496 |
| Cost of goods sold | 561,353 | 512,007 | 1,055,983 | 1,022,190 |
| Gross profit | 759,442 | 728,826 | 1,412,236 | 1,391,306 |
| Advertising expense | 46,344 | 43,357 | 76,691 | 77,490 |
| Selling, general and administrative expenses | 204,349 | 191,211 | 408,330 | 381,995 |
| Research and development expense | 224,394 | 201,518 | 445,878 | 410,524 |
| Total operating expense | 475,087 | 436,086 | 930,899 | 870,009 |
| Operating income | 284,355 | 292,740 | 481,337 | 521,297 |
| Other income (expense): | ||||
| Interest income | 18,760 | 8,495 | 34,659 | 16,048 |
| Foreign currency gains (losses) | 10,797 | (22,439) | 18,484 | (25,946) |
| Other income | 2,064 | 170 | 3,268 | 3,431 |
| Total other income (expense) | 31,621 | (13,774) | 56,411 | (6,467) |
| Income before income taxes | 315,976 | 278,966 | 537,748 | 514,830 |
| Income tax provision | 28,037 | 21,093 | 47,482 | 45,366 |
| Net income | $ 287,939 | $ 257,873 | $ 490,266 | $ 469,464 |
| Net income per share: | ||||
| Basic | $ 1.51 | $ 1.34 | $ 2.56 | $ 2.43 |
| Diluted | $ 1.5 | $ 1.33 | $ 2.56 | $ 2.43 |
| Weighted average common shares outstanding: | ||||
| Basic | 191,293 | 193,074 | 191,395 | 192,980 |
| Diluted | 191,597 | 193,450 | 191,741 | 193,515 |
GRMN Balance Sheet
2023-07-01Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands | Jul. 01, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 1,425,526 | $ 1,279,194 |
| Marketable securities | 253,689 | 173,288 |
| Accounts receivable, net | 716,802 | 656,847 |
| Inventories | 1,402,225 | 1,515,045 |
| Deferred costs | 15,243 | 14,862 |
| Prepaid expenses and other current assets | 297,516 | 315,915 |
| Total current assets | 4,111,001 | 3,955,151 |
| Property and equipment, net of accumulated depreciation of $960,129 and $904,922 | 1,180,654 | 1,147,005 |
| Operating lease right-of-use assets | 134,995 | 138,040 |
| Noncurrent marketable securities | 1,100,259 | 1,208,360 |
| Deferred income tax assets | 493,943 | 441,071 |
| Noncurrent deferred costs | 10,451 | 9,831 |
| Goodwill | 572,985 | 567,994 |
| Other intangible assets, net | 165,591 | 178,461 |
| Other noncurrent assets | 101,921 | 85,257 |
| Total assets | 7,871,800 | 7,731,170 |
| Current liabilities: | ||
| Accounts payable | 253,803 | 212,417 |
| Salaries and benefits payable | 157,774 | 176,114 |
| Accrued warranty costs | 52,352 | 50,952 |
| Accrued sales program costs | 80,708 | 97,772 |
| Other accrued expenses | 191,510 | 197,376 |
| Deferred revenue | 95,618 | 91,092 |
| Income taxes payable | 199,087 | 246,180 |
| Dividend payable | 418,801 | 139,732 |
| Total current liabilities | 1,449,653 | 1,211,635 |
| Deferred income tax liabilities | 116,651 | 129,965 |
| Noncurrent income taxes payable | 34,613 | 34,627 |
| Noncurrent deferred revenue | 35,939 | 35,702 |
| Noncurrent operating lease liabilities | 110,740 | 114,541 |
| Other noncurrent liabilities | 382 | 360 |
| Stockholders’ equity: | ||
| Shares (195,880 and 198,077 shares authorized and issued 191,470 and 191,623 shares outstanding) | 19,588 | 17,979 |
| Additional paid-in capital | 2,077,540 | 2,042,472 |
| Treasury stock (4,410 and 6,454 shares) | (322,688) | (475,095) |
| Retained earnings | 4,464,682 | 4,733,517 |
| Accumulated other comprehensive income (loss) | (115,300) | (114,533) |
| Total stockholders’ equity | 6,123,822 | 6,204,340 |
| Total liabilities and stockholders’ equity | $ 7,871,800 | $ 7,731,170 |
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Its Fitness segment offers running and multi-sport watches; cycling products; activity tracking and smartwatch devices; and fitness and cycling accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms; and Connect IQ, an application development platform. The company's Outdoor segment offers adventure watches, outdoor handhelds, golf devices and mobile apps, and dog tracking and training devices. Its Aviation segment designs, manufactures, and markets various aircraft avionics solutions comprising integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponder solutions, weather information and avoidance solutions, datalink and connectivity solutions, portable GPS navigators and wearables, and various services products. The company's Marine segment provides chartplotters and multi-function displays, cartography products, fish finders, sonar products, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing products, entertainment, digital switching products, and trolling motors. Its Auto segment offers embedded computing models and infotainment systems; personal navigation devices; and cameras. The company sells its products through independent retailers, online retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as an online webshop, garmin.com. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.