Zacks.com users have recently been watching General Motors (GM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
General Motors is set to become the first U.S. automaker with a Formula 1 team when a Cadillac-branded team joins the racing series in 2026, F1 announced Monday, ending a yearslong battle between the league and former driver Michael Andretti, who initially proposed the new team.
General Motors' Q3 earnings beat expectations, with non-GAAP EPS of $2.96 and revenue of $48.8 billion, driving a 20% stock increase since my last analysis. I maintain a $77 price target for GM, citing strong free cash flow, profit growth, and a compelling valuation despite long-term uncertainties in EV and AV markets. Near-term technicals are bullish, with the stock above key moving averages and RSI momentum strong; the next resistance is at $67.
My Dean's List is a small group of companies earning top grades across all five of Seeking Alpha's Quant factors, signifying "excellence" in valuation, growth, profitability, momentum, and EPS revisions. Of this group, General Motors is my top pick for 2025 due to improving EV momentum, an attractive valuation, and solid financial performance. Tenet Healthcare has crushed the market, driven by high-acuity services, operational efficiency, and strong free cash flow, making it the top performer of the group over the past five years.
GM reported a 10% sales growth in Q3, with North American sales up 16%, driven by trucks and SUVs. CEO Mary Barra emphasized optimizing ICE margins and accelerating EV profitability. GM's EV division is nearing profitability due to declining battery costs, improved technology, and increased volumes.
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A General Motors-backed bid to enter Formula One as an 11th team in 2026 is now looking more likely to succeed after being previously rejected, multiple sources said on Friday.
Time is running out for traditional foreign automakers to adapt to China's electric car market, signaling to industry analysts that companies must double down on local partnerships to survive. U.S. automaker General Motors, Germany's Volkswagen and Japan's Nissan each saw their China revenue drop between 2019 and 2023, according to CNBC's calculations of company data.
General Motors (GM) reported earnings 30 days ago. What's next for the stock?
General Motors Company (NYSE:GM ) Barclays 15th Annual Global Automotive and Mobility Tech Conference November 20, 2024 8:40 AM ET Company Participants Paul Jacobson - Executive VP & CFO Conference Call Participants Dan Levy - Barclays Bank Dan Levy Great. Thank you.
Prediction: General Motors Will Beat the Market. Here's Why
Haitham Al Ghais said global warming talks should focus on cutting emissions not picking energy sources.