Surge in Catalytic Converter Thefts Warned by Law Enforcement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: Newsfilter
- Theft Numbers Surge: CARFAX reports over 137,000 catalytic converters were stolen in 2025, with a rising trend at the start of 2026, indicating a serious issue that imposes significant financial burdens on vehicle owners.
- High-Value Metals Temptation: Catalytic converters contain precious metals like platinum, palladium, and rhodium, with hybrid vehicle converters fetching up to $1,400, attracting more thieves and exacerbating the theft problem.
- Replacement Costs High: The cost to replace a catalytic converter can reach $3,000, particularly for motorists lacking comprehensive insurance, leading to substantial financial risks for car owners facing theft.
- Safety Precautions Recommended: Law enforcement advises vehicle owners to implement various safety measures, such as parking in locked garages, choosing high-visibility areas, installing motion-sensor lights, and adding physical deterrents to reduce theft risks.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy SPGI?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on SPGI
Wall Street analysts forecast SPGI stock price to rise
15 Analyst Rating
14 Buy
1 Hold
0 Sell
Strong Buy
Current: 424.820
Low
546.00
Averages
617.77
High
675.00
Current: 424.820
Low
546.00
Averages
617.77
High
675.00
About SPGI
S&P Global Inc. provides essential intelligence. Its operations consist of five businesses: S&P Global Market Intelligence (Market Intelligence), S&P Global Ratings (Ratings), S&P Global Commodity Insights (Commodity Insights), S&P Global Mobility (Mobility) and S&P Dow Jones Indices (Indices). Market Intelligence is a global provider of multi-asset-class data and analytics integrated with purpose-built workflow solutions. Ratings is an independent provider of credit ratings, research, and analytics, offering investors and other market participants information, ratings and benchmarks. Commodity Insights is an independent provider of information and benchmark prices for the commodity and energy markets. Mobility is a provider of solutions serving the full automotive value chain, including vehicle manufacturers and retailers. Indices is a global index provider that maintains a variety of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Surge in Catalytic Converter Thefts Warned
- Rising Theft Numbers: CARFAX reports over 137,000 catalytic converters were stolen in 2025, with an increase in thefts at the start of 2026, indicating a troubling trend that imposes significant financial burdens on vehicle owners.
- High-Value Metals Attract Thieves: The presence of precious metals like platinum, palladium, and rhodium in catalytic converters, particularly with rhodium prices doubling to about $11,000 per ounce in the past year, has made these devices prime targets for theft.
- Expensive Replacement Costs: Replacement costs for catalytic converters can reach up to $3,000, especially for motorists lacking comprehensive insurance, which exacerbates the financial strain on victims of these thefts.
- Safety Precautions Recommended: Law enforcement advises vehicle owners to implement safety measures to protect their cars, particularly in areas experiencing a surge in theft incidents, to mitigate potential economic losses and repair costs.
See More
Surge in Catalytic Converter Thefts Warned by Law Enforcement
- Theft Numbers Surge: CARFAX reports over 137,000 catalytic converters were stolen in 2025, with a rising trend at the start of 2026, indicating a serious issue that imposes significant financial burdens on vehicle owners.
- High-Value Metals Temptation: Catalytic converters contain precious metals like platinum, palladium, and rhodium, with hybrid vehicle converters fetching up to $1,400, attracting more thieves and exacerbating the theft problem.
- Replacement Costs High: The cost to replace a catalytic converter can reach $3,000, particularly for motorists lacking comprehensive insurance, leading to substantial financial risks for car owners facing theft.
- Safety Precautions Recommended: Law enforcement advises vehicle owners to implement various safety measures, such as parking in locked garages, choosing high-visibility areas, installing motion-sensor lights, and adding physical deterrents to reduce theft risks.
See More
Global Port Efficiency Under Pressure from Multiple Factors
- Declining Port Efficiency: The 2025 Container Port Performance Index indicates that global port efficiency remains under pressure due to geopolitical instability, shipping network disruptions, and extreme weather events, highlighting the fragility of global trade networks.
- Extended Vessel Turnaround Times: The report notes that longer vessel turnaround times, often driven by rerouting and congestion, not only reflect supply chain fragility but also exacerbate the issue, creating a vicious cycle.
- Strong Performance in East Asia: Despite global challenges, East Asian ports continue to perform strongly in the rankings, while improvements in ports across Africa, Latin America, and South Asia suggest potential investment opportunities in these regions.
- Investment in Efficiency and Resilience: The report emphasizes that investing in port efficiency and digital management is not only beneficial for shipping lines but is also a core requirement for building more resilient supply chains, thereby reducing the impact of volatility on economies and communities.
See More
Tech Stocks Retreat Amid Rising Tensions in Iran
- Tech Stock Decline: The Nasdaq fell by 0.97% to close at 25,679, with South Korea's Kospi index suffering due to significant losses in Samsung shares, indicating a growing sell-off sentiment in the tech sector.
- Escalating Iran Tensions: Iran launched missile attacks on several Gulf nations, including Bahrain, Kuwait, and Jordan, worsening market sentiment, while U.S. retaliatory strikes against Iran further heightened tensions in the region.
- Oil Price Volatility: U.S. Energy Secretary noted a meaningful rise in oil traffic through the Strait of Hormuz, with global price pressures increasing, which could significantly impact investment decisions in related industries.
- China Inflation Data: China's wholesale prices surged at the fastest pace in nearly four years in May, driven by soaring raw material costs and an AI investment boom, while consumer inflation came in below estimates, highlighting the uneven nature of economic recovery.
See More
OpenAI Files Confidential IPO Amid Market Surge
- IPO Announcement: OpenAI has confidentially filed for an IPO, which is expected to be one of the largest listings in history, marking a significant milestone in the AI industry, with a potential launch in Q4 2025 that could further fuel market enthusiasm.
- Increased Market Competition: OpenAI's move to go public alongside competitors Anthropic and SpaceX highlights the intensifying competition in the AI sector, likely attracting more investor interest in this rapidly evolving industry.
- Valuation Surge: With a current valuation exceeding $850 billion, OpenAI's IPO could enhance its market position and fundraising capabilities, providing essential capital for future technological innovations.
- Tech Stock Rebound: Following the IPO news from OpenAI and others, tech stocks have rebounded, with the Nasdaq Composite rising 0.86%, reflecting strong investor interest and confidence in AI-related equities.
See More
BellRing Brands Dropped from S&P Index Amid Market Struggles
- Significant Stock Decline: BellRing Brands' shares plummeted nearly 10% during Monday's trading session, closing at $7.90, indicating investor concerns regarding its removal from the S&P MidCap 400 index and reflecting worries about the company's future performance.
- Index Adjustment Impact: S&P Global announced that BellRing will be replaced in the S&P MidCap 400 index by new entrants like Roku, with the adjustment aimed at ensuring the index better represents market capitalization ranges; while such changes typically have little impact on fundamentals, they highlight BellRing's recent market struggles.
- Reduced Market Capitalization: BellRing's market cap has shrunk to $1 billion, underscoring its challenges in the competitive protein products market, which may erode investor confidence in its growth potential and lead to further stock price volatility.
- Investor Guidance: Despite the potential for short-term stock price fluctuations due to index exclusion, analysts advise investors to focus on BellRing's performance, strategy, and financial position rather than making long-term investment decisions solely based on index membership.
See More
Surge in Catalytic Converter Thefts Warned
- Rising Theft Numbers: CARFAX reports over 137,000 catalytic converters were stolen in 2025, with an increase in thefts at the start of 2026, indicating a troubling trend that imposes significant financial burdens on vehicle owners.
- High-Value Metals Attract Thieves: The presence of precious metals like platinum, palladium, and rhodium in catalytic converters, particularly with rhodium prices doubling to about $11,000 per ounce in the past year, has made these devices prime targets for theft.
- Expensive Replacement Costs: Replacement costs for catalytic converters can reach up to $3,000, especially for motorists lacking comprehensive insurance, which exacerbates the financial strain on victims of these thefts.
- Safety Precautions Recommended: Law enforcement advises vehicle owners to implement safety measures to protect their cars, particularly in areas experiencing a surge in theft incidents, to mitigate potential economic losses and repair costs.
See More
Surge in Catalytic Converter Thefts Warned by Law Enforcement
- Theft Numbers Surge: CARFAX reports over 137,000 catalytic converters were stolen in 2025, with a rising trend at the start of 2026, indicating a serious issue that imposes significant financial burdens on vehicle owners.
- High-Value Metals Temptation: Catalytic converters contain precious metals like platinum, palladium, and rhodium, with hybrid vehicle converters fetching up to $1,400, attracting more thieves and exacerbating the theft problem.
- Replacement Costs High: The cost to replace a catalytic converter can reach $3,000, particularly for motorists lacking comprehensive insurance, leading to substantial financial risks for car owners facing theft.
- Safety Precautions Recommended: Law enforcement advises vehicle owners to implement various safety measures, such as parking in locked garages, choosing high-visibility areas, installing motion-sensor lights, and adding physical deterrents to reduce theft risks.
See More
Global Port Efficiency Under Pressure from Multiple Factors
- Declining Port Efficiency: The 2025 Container Port Performance Index indicates that global port efficiency remains under pressure due to geopolitical instability, shipping network disruptions, and extreme weather events, highlighting the fragility of global trade networks.
- Extended Vessel Turnaround Times: The report notes that longer vessel turnaround times, often driven by rerouting and congestion, not only reflect supply chain fragility but also exacerbate the issue, creating a vicious cycle.
- Strong Performance in East Asia: Despite global challenges, East Asian ports continue to perform strongly in the rankings, while improvements in ports across Africa, Latin America, and South Asia suggest potential investment opportunities in these regions.
- Investment in Efficiency and Resilience: The report emphasizes that investing in port efficiency and digital management is not only beneficial for shipping lines but is also a core requirement for building more resilient supply chains, thereby reducing the impact of volatility on economies and communities.
See More
Tech Stocks Retreat Amid Rising Tensions in Iran
- Tech Stock Decline: The Nasdaq fell by 0.97% to close at 25,679, with South Korea's Kospi index suffering due to significant losses in Samsung shares, indicating a growing sell-off sentiment in the tech sector.
- Escalating Iran Tensions: Iran launched missile attacks on several Gulf nations, including Bahrain, Kuwait, and Jordan, worsening market sentiment, while U.S. retaliatory strikes against Iran further heightened tensions in the region.
- Oil Price Volatility: U.S. Energy Secretary noted a meaningful rise in oil traffic through the Strait of Hormuz, with global price pressures increasing, which could significantly impact investment decisions in related industries.
- China Inflation Data: China's wholesale prices surged at the fastest pace in nearly four years in May, driven by soaring raw material costs and an AI investment boom, while consumer inflation came in below estimates, highlighting the uneven nature of economic recovery.
See More
OpenAI Files Confidential IPO Amid Market Surge
- IPO Announcement: OpenAI has confidentially filed for an IPO, which is expected to be one of the largest listings in history, marking a significant milestone in the AI industry, with a potential launch in Q4 2025 that could further fuel market enthusiasm.
- Increased Market Competition: OpenAI's move to go public alongside competitors Anthropic and SpaceX highlights the intensifying competition in the AI sector, likely attracting more investor interest in this rapidly evolving industry.
- Valuation Surge: With a current valuation exceeding $850 billion, OpenAI's IPO could enhance its market position and fundraising capabilities, providing essential capital for future technological innovations.
- Tech Stock Rebound: Following the IPO news from OpenAI and others, tech stocks have rebounded, with the Nasdaq Composite rising 0.86%, reflecting strong investor interest and confidence in AI-related equities.
See More
BellRing Brands Dropped from S&P Index Amid Market Struggles
- Significant Stock Decline: BellRing Brands' shares plummeted nearly 10% during Monday's trading session, closing at $7.90, indicating investor concerns regarding its removal from the S&P MidCap 400 index and reflecting worries about the company's future performance.
- Index Adjustment Impact: S&P Global announced that BellRing will be replaced in the S&P MidCap 400 index by new entrants like Roku, with the adjustment aimed at ensuring the index better represents market capitalization ranges; while such changes typically have little impact on fundamentals, they highlight BellRing's recent market struggles.
- Reduced Market Capitalization: BellRing's market cap has shrunk to $1 billion, underscoring its challenges in the competitive protein products market, which may erode investor confidence in its growth potential and lead to further stock price volatility.
- Investor Guidance: Despite the potential for short-term stock price fluctuations due to index exclusion, analysts advise investors to focus on BellRing's performance, strategy, and financial position rather than making long-term investment decisions solely based on index membership.
See More
