General Motors Co. (GM)
Navigating Earnings Season: A Tale Of Three Companies
GM defied expectations this earnings season by offsetting EV headwinds and labor costs with higher vehicle pricing, signaling strong profit potential despite broader industry challenges. Homebuilders like Pulte have thrived post-COVID by leveraging mortgage incentives and steady pricing, maintaining growth even as higher interest rates strain the housing market. Polaris, once buoyed by pandemic-driven demand for recreational vehicles, now faces a sharp reversal in fortunes with declining volumes, pricing pressure and rising promotions, dimming its near-term outlook.
General Motors: Surging Higher
General Motors has seen a 49% YTD gain, outperforming the S&P 500, driven by strong earnings and revenue growth, and raised 2024 guidance. GM's adjusted EPS of $2.96 beat estimates by 21.81%, and revenue of $48.8 billion surpassed expectations by 9.35%, prompting upward revisions in EBIT and cash flow guidance. Despite challenges in China, GM's North American segment showed robust EBIT growth and profit margins, supporting the bullish outlook.
GM Stock Is Crushing the Competition in 2024 – Is It Time to Buy?
In a year of disappointing returns for auto companies, General Motors NYSE: GM has excelled among them. The stock has provided investors with a total return of just around 51% this year, the highest mark among automakers traded on U.S. exchanges.
Impressive Results From GM Are A Boost Of Confidence
GM's Q3 results exceeded expectations, driving an 80% share price increase over 12 months, outperforming the S&P 500 and competitors like Tesla and Ford. Despite lagging in the electric vehicle market, GM's overall sales and profitability have surged, with expected revenues close to $200 billion this year. High leverage and capital expenditures constrain GM's free cash flow, limiting shareholder returns through dividends and buybacks in the near future.
General Motors: Inflection Point
General Motors shares surged 10% after Q3 results exceeded expectations. GM raised its full-year guidance for the third time, projecting adjusted EBIT of $14-15B and free cash flow of $12.5-13.5B for FY 2025. General Motors' electric vehicle deliveries surged 60% year-over-year, indicating strong momentum and improved profitability prospects in the EV segment.
General Motors Growth Potential In Focus Amid EV Transition: Analyst Highlights Robust Liquidity, More Buybacks
BofA Securities analyst John Murphy reiterated the Buy rating on General Motors Company GM with a price objective of $85.
GM Stock Hits 52-Week High on Blowout Q3: Hold or Lock Profits?
With General Motors shares hitting a one-year high on standout third-quarter results, let's assess if you should book profits or stay invested for further gains.
GM Stock Explodes on Surprise Earnings Beat
GM is outperforming rivals in internal combustion vehicles and electric vehicles.
GM Clings To Its First-In-Class Status
Third-quarter results unveiled Tuesday show revenue, at nearly $49 billion, beating analysts' expectations by 8%, while operating profit came in 22% higher. While arch-rival Ford Motor remains 17% below its 2018 sales volume, GM clawed back to a 5% deficit. Its electric effort - stumbling for years as battery plants scaled up - is gaining traction. Benefits from pricing boosted profitability by $1 billion from the prior year. The company raised the bottom end of expected operating profit for the full year to $14 billion, from $13 billion previously.
RBC: Yet to see the plans on Cruise and China, but GM has 'dominant market share where it counts'
Tom Narayan of RBC Capital Markets is bullish on GM as the company is set to benefit from its robust market share North America.
General Motors (GM) Profit Rises with Tesla (TSLA) Earnings on Tap
Seeing a sharp post-earnings rally, General Motors (GM) shares spiked +9% in today's trading session with Tesla's (TSLA) stock down -0.3% ahead of its Q3 report after-market hours on Wednesday, October 23.
S&P 500 Gains and Losses Today: GM Stock Pops as EVs and SUVs Drive Earnings Beat
Major U.S. equities were mixed and little changed on Tuesday as investors reacted to an array of earnings reports and increasing uncertainty around the Federal Reserve's plans for additional interest-rate cuts.
