Tariff Risk Eases... Polaris, US Leisure Stock, Soars 13% in One Day

Polaris Inc. (NASDAQ: PII) closed at $54.30 on the New York Stock Exchange on April 16, up 13.41%. The move brought its market capitalization to roughly $3.07 billion (about ₩4.1 trillion), adding approximately $480 million (₩640 billion) in market value in a single day.

The stock jumped after the company said that recent changes to U.S. tariff policies would not materially affect its full-year 2026 guidance. Polaris will provide further details on the tariff impact and the effects of the Indian Motorcycle spin-off when it reports first-quarter results and hosts a conference call on April 28.

Polaris, a U.S. powersports and leisure vehicle manufacturer known for off-road vehicles, snowmobiles and boats, has faced increased earnings volatility, with adjusted EPS slipping into a slight loss for 2025 due to tariffs and softer demand. The company aims to achieve 1–3% revenue growth and a return to profitability in the mature North American leisure market by spinning off its Indian Motorcycle business and optimizing its cost structure.