General Motors (NYSE:GM) Sets New 12-Month High - Here's What Happened

Key Points

• GM shares reached a new 52-week high, trading as high as $91.87 after a prior close of $88.34.
• GM narrowly beat quarterly EPS and revenue expectations, while authorizing a $20 billion stock buyback. Analysts’ average rating is “Moderate Buy,” with an average price target of $101.44.
• GM plans to expand hybrid offerings, starting with large SUVs, and add AI features to OnStar; however, its $220 million privacy settlement underscores legal and reputational risks around driver-data practices.

Shares of General Motors Company (NYSE:GM - Get Free Report) TSE: GMM.U hit a new 52-week high on Wednesday. The stock traded as high as $91.87 and last traded at $91.8590, with a volume of 987,135 shares trading hands. The stock had previously closed at $88.34.

Key Stories Impacting General Motors

Here are the key news stories impacting General Motors this week:

• Positive Sentiment: Zacks Research raised its Q2 2027 EPS estimate to $3.74 from $3.47 and its Q3 2027 estimate to $3.65 from $3.51, suggesting stronger expected earnings in those quarters. MarketBeat GM research details
• Positive Sentiment: GM is preparing to expand hybrid offerings, starting with large SUVs, and add an AI “intelligence layer” to OnStar. These initiatives could strengthen its product appeal and connected-services offering. GM hybrid plans GM OnStar AI plans
• Neutral Sentiment: Forecast changes were mixed: Zacks also cut its Q4 2026 EPS estimate to $2.32 from $2.56 and trimmed Q1 2027 to $3.08 from $3.09. Separately, a report said GM was rising as a projected Democratic congressional sweep raised merger and regulatory concerns for companies including Tesla and SpaceX; that may support GM relative to peers but does not establish a direct benefit to GM’s business. Market reaction to projected congressional sweep
• Negative Sentiment: GM’s $220 million privacy settlement over driver-data practices highlights legal and reputational risks associated with collecting and sharing connected-vehicle data. GM privacy settlement analysis

Wall Street Analysts Forecast Growth

GM has been the subject of several analyst reports. JPMorgan Chase & Co. dropped their target price on General Motors from $120.00 to $110.00 and set an "overweight" rating for the company in a research note on Monday, October 12th. The Goldman Sachs Group cut their target price on General Motors from $112.00 to $96.00 and set a "buy" rating on the stock in a research report on Wednesday, October 21st. Tigress Financial boosted their price target on General Motors from $130.00 to $132.00 and gave the company a "strong-buy" rating in a research report on Wednesday, October 28th. Wells Fargo & Company raised their price objective on General Motors from $60.00 to $61.00 and gave the stock an "underweight" rating in a report on Wednesday, July 22nd. Finally, BNP Paribas Exane boosted their target price on General Motors from $102.00 to $112.00 and gave the stock an "outperform" rating in a report on Monday, August 31st. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, General Motors currently has an average rating of "Moderate Buy" and an average target price of $101.44.

General Motors Trading Up 4.8%

The company has a 50 day moving average of $83.15 and a 200 day moving average of $80.69. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.94 and a current ratio of 1.09. The firm has a market cap of $78.08 billion, a P/E ratio of 21.25, a PEG ratio of 0.51 and a beta of 1.40.

General Motors (NYSE:GM - Get Free Report) TSE: GMM.U last posted its quarterly earnings results on Tuesday, October 20th. The auto manufacturer reported $3.70 EPS for the quarter, beating the consensus estimate of $3.69 by $0.01. The firm had revenue of $50.02 billion during the quarter, compared to analysts' expectations of $48.78 billion. General Motors had a return on equity of 19.36% and a net margin of 2.12%. The company's revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.80 EPS. Analysts predict that General Motors Company will post 13.38 EPS for the current fiscal year.

General Motors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 17th. Shareholders of record on Friday, December 4th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, December 4th. This represents a $0.72 annualized dividend and a yield of 0.8%. General Motors's dividend payout ratio (DPR) is 16.51%.

General Motors announced that its board has initiated a stock buyback plan on Tuesday, October 20th that permits the company to repurchase $20 billion in shares. This repurchase authorization permits the auto manufacturer to repurchase up to 27.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Gryphon Financial Partners LLC boosted its holdings in General Motors by 6.3% in the third quarter. Gryphon Financial Partners LLC now owns 3,954 shares of the auto manufacturer's stock worth $304,000 after acquiring an additional 233 shares in the last quarter. AlphaCore Capital LLC raised its holdings in shares of General Motors by 47.6% in the third quarter. AlphaCore Capital LLC now owns 13,375 shares of the auto manufacturer's stock worth $1,030,000 after buying an additional 4,312 shares during the period. Fulcrum Asset Management LLP grew its position in shares of General Motors by 125.8% during the 3rd quarter. Fulcrum Asset Management LLP now owns 70,309 shares of the auto manufacturer's stock worth $5,658,000 after buying an additional 39,169 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in General Motors by 20.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,011,982 shares of the auto manufacturer's stock valued at $80,260,000 after purchasing an additional 172,619 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC acquired a new position in shares of General Motors during the third quarter valued at about $273,000. Institutional investors own 92.67% of the company's stock.

About General Motors

General Motors Company NYSE: GM is a global automotive company headquartered in Detroit, Michigan. Founded in 1908, GM designs, manufactures and sells vehicles and related services through brands including Chevrolet, Buick, GMC and Cadillac.

GM's product lineup includes passenger cars, pickup trucks, sport utility vehicles, commercial vehicles and electric vehicles. The company is also developing connected-vehicle technologies, driver-assistance systems and charging and energy-management solutions.

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