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NYSE:GM

General Motors (GM) Stock Price, News & Analysis

$48.21
+0.64 (+1.35%)
(As of 06/11/2024 ET)
Today's Range
$47.68
$48.95
50-Day Range
$42.38
$48.21
52-Week Range
$26.30
$48.95
Volume
21.18 million shs
Average Volume
16.15 million shs
Market Capitalization
$55.01 billion
P/E Ratio
5.89
Dividend Yield
1.00%
Price Target
$54.65

General Motors MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.76 Rating Score
Upside/​Downside
13.4% Upside
$54.65 Price Target
Short Interest
Bearish
5.48% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-6.44
Upright™ Environmental Score
News Sentiment
0.94mentions of General Motors in the last 14 days
Based on 33 Articles This Week
Insider Trading
Selling Shares
$35.59 M Sold Last Quarter
Proj. Earnings Growth
1.17%
From $9.40 to $9.51 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.69 out of 5 stars

Auto/Tires/Trucks Sector

8th out of 80 stocks

Motor Vehicles & Car Bodies Industry

1st out of 26 stocks

GM stock logo

About General Motors Stock (NYSE:GM)

General Motors Company, a multinational corporation, has been a leading player in the global automotive industry for over a century. Founded in 1908 by William C. Durant, GM has become one of the world's largest automakers, with a worldwide presence across North America, South America and international markets.

General Motors is the largest automaker in the United States, with a market share of around 17%. It produces a range of vehicles, including cars, trucks and SUVs, under various brands, such as Chevrolet, Buick, Cadillac and GMC.

One of GM's key growth areas is its electric vehicle (EV) business, which is gaining momentum worldwide. The company has plans to launch 30 new electric models globally by 2025 and has committed to investing $35 billion in EV and autonomous vehicle technology over the next five years. With a growing focus on sustainability, the company has set ambitious goals to become carbon neutral by 2040 and to achieve 100% renewable energy usage in its U.S. operations by 2030.

General Motors has also recently improved its environmental, social and governance (ESG) performance. In addition to its commitments to sustainability, the company has also committed to investing in diverse suppliers and increasing the diversity of its workforce. In 2021, the company was named to the Dow Jones Sustainability Indices (DJSI) North America for the third consecutive year, reflecting its strong ESG performance.

Despite its strong market position and ESG performance, General Motors faces risks associated with the cyclical nature of the automotive industry. The industry is subject to fluctuating economic demand, such as in the recent COVID-19 pandemic. The company also faces ongoing legal challenges related to multiple recalls revolving around several vehicle platforms. 

GM has demonstrated resilience and the ability to adapt to changing market conditions. During the pandemic, GM ramped production of its popular trucks and SUVs, which helped drive strong financial results for the third quarter of 2022. After the pandemic, the company reported record sales growth due in part to increased demand for its vehicles and a rebound in production and sales.

Overall, General Motors is a well-established player in the global automotive industry with a strong market position in North America and a growing electric vehicle business. The company's commitment to improving its ESG performance and sustainability practices is notable and reflects its focus on long-term growth and responsible business practices. While investors should be aware of the risks associated with the industry's cyclical nature, General Motors' track record of innovation and resilience makes it a key player to watch in the years ahead.


GM Stock Price History

GM Stock News Headlines

Yext, CoreCivic fall; Calavo Growers, General Motors rise, Tuesday, 6/11/2024
Stocks that are trading heavily or have substantial price changes on Tuesday: Yext, CoreCivic fall; Calavo Growers, General Motors rise
GM promotes 2 former Apple executives to key roles in developing software and digital services
General Motors has promoted two former Apple executives to run its software and services operations as it ramps up efforts to develop and market electric, autonomous and connected vehicles
More women made the list of top paid CEOs in 2023, but their numbers are still small compared to men
More women are reaching the top ranks of the corporate suite of S&P 500 companies, but their numbers are still miniscule compared to their male counterparts
CEOs got hefty pay raises in 2023, widening the gap with the workers they oversee
The typical compensation package for chief executives who run companies in the S&P 500 jumped nearly 13% last year, easily surpassing the gains for workers at a time when inflation was putting considerable pressure on Americans’ budgets
Republicans make Biden's EV push an election-year issue as Democrats take a more nuanced approach
Donald Trump and other Republicans say President Joe Biden’s policy to promote electric vehicles is unfair for consumers and amounts to government overreach
These 5 Penny Stocks Just Surged Double Digits (GM)
Penny stocks are back in focus after meteoric surges in AMC and GME. The question is, which of these five meme stocks has what it takes to keep rising?
GM's Cruise to start testing robotaxis in Phoenix area with human safety drivers on board
General Motors’ troubled Cruise autonomous vehicle unit says it will start testing robotaxis in Arizona this week with human safety drivers on board
Small, well-built Chinese EV called the Seagull poses a big threat to the US auto industry
A tiny, low-priced electric vehicle called the Seagull has American automakers and politicians trembling
GM shares revved up by $6bn new buyback
GM Stock Alert: General Motors Authorizes $6 Billion Buyback
GM Stock Alert: General Motors Authorizes $6 Billion Buyback
GM Rises After Another Stock Buyback
General Motors (NYSE:GM) Sets New 1-Year High at $46.53
The 3 Best Auto Stocks to Buy in June 2024
GM is using Costco to help it sell more EVs
See More Headlines
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Company Calendar

Ex-Dividend for 3/14 Dividend
2/29/2024
Dividend Payable
3/14/2024
Last Earnings
4/23/2024
Ex-Dividend for 6/20 Dividend
6/07/2024
Today
6/11/2024
Dividend Payable
6/20/2024
Next Earnings (Estimated)
7/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Motor vehicles & car bodies
Sub-Industry
Automobile Manufacturers
CUSIP
37045V10
Employees
163,000
Year Founded
1908

Price Target and Rating

Average Stock Price Target
$54.65
High Stock Price Target
$96.00
Low Stock Price Target
$30.00
Potential Upside/Downside
+13.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.76
Research Coverage
17 Analysts

Profitability

Net Income
$10.13 billion
Pretax Margin
6.21%

Debt

Sales & Book Value

Annual Sales
$171.84 billion
Cash Flow
$20.55 per share
Book Value
$59.07 per share

Miscellaneous

Outstanding Shares
1,140,960,000
Free Float
1,132,743,000
Market Cap
$55.11 billion
Optionable
Optionable
Beta
1.46

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Should I Buy General Motors Stock? GM Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in General Motors:

  • General Motors has been focusing on electric vehicles, with plans to release the latest models equipped with cutting-edge technology, appealing to the growing market demand for sustainable transportation.
  • Recent financial reports show General Motors has been consistently increasing its revenue and profitability, indicating a strong financial performance that could attract investors seeking stable returns.
  • With a current stock price of $60.25, General Motors offers an attractive entry point for investors looking to capitalize on potential future growth in the automotive industry.
  • General Motors has been actively expanding its presence in emerging markets, such as Asia and South America, providing opportunities for revenue diversification and global market share growth.
  • The company's strategic partnerships with tech firms for autonomous driving technology development position General Motors as a key player in the future of mobility, offering long-term growth prospects.

Cons

Investors should be bearish about investing in General Motors for these reasons:

  • General Motors faces intense competition in the electric vehicle market from established players and new entrants, which could impact its market share and profitability in the long run.
  • Fluctuations in raw material prices, such as steel and aluminum, could affect General Motors' production costs and profit margins, leading to potential financial challenges.
  • The automotive industry is highly cyclical, and economic downturns could significantly impact General Motors' sales volume and revenue, posing risks to investor returns.
  • Regulatory changes related to emissions standards and trade policies may increase operational costs for General Motors, potentially affecting its competitiveness and profitability.
  • Investors should consider the potential impact of supply chain disruptions, geopolitical tensions, and natural disasters on General Motors' production capabilities and financial performance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, June 5, 2024. Please send any questions or comments about these General Motors pros and cons to contact@marketbeat.com.

GM Stock Analysis - Frequently Asked Questions

Should I buy or sell General Motors stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for General Motors in the last twelve months. There are currently 1 sell rating, 3 hold ratings, 12 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GM shares.
View GM analyst ratings
or view top-rated stocks.

What is General Motors' stock price target for 2024?

17 brokers have issued 1-year price targets for General Motors' shares. Their GM share price targets range from $30.00 to $96.00. On average, they predict the company's stock price to reach $54.65 in the next year. This suggests a possible upside of 13.4% from the stock's current price.
View analysts price targets for GM
or view top-rated stocks among Wall Street analysts.

How have GM shares performed in 2024?

General Motors' stock was trading at $35.92 at the beginning of the year. Since then, GM stock has increased by 34.2% and is now trading at $48.21.
View the best growth stocks for 2024 here
.

When is General Motors' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 23rd 2024.
View our GM earnings forecast
.

How were General Motors' earnings last quarter?

General Motors (NYSE:GM) announced its earnings results on Tuesday, April, 23rd. The auto manufacturer reported $2.62 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.60. The auto manufacturer earned $43.01 billion during the quarter, compared to the consensus estimate of $41.09 billion. General Motors had a trailing twelve-month return on equity of 14.40% and a net margin of 6.13%. General Motors's revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.21 earnings per share.
Read the conference call transcript
.

How often does General Motors pay dividends? What is the dividend yield for General Motors?

General Motors announced a quarterly dividend on Monday, April 22nd. Investors of record on Friday, June 7th will be paid a dividend of $0.12 per share on Thursday, June 20th. This represents a $0.48 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Friday, June 7th.
Read our dividend analysis for GM
.

Is General Motors a good dividend stock?

General Motors (NYSE:GM) pays an annual dividend of $0.48 per share and currently has a dividend yield of 1.05%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 5.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GM will have a dividend payout ratio of 5.05% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GM.

What guidance has General Motors issued on next quarter's earnings?

General Motors issued an update on its FY 2024 earnings guidance on Tuesday, April, 23rd. The company provided earnings per share guidance of 9.000-10.000 for the period, compared to the consensus estimate of 9.080. The company issued revenue guidance of -.

What is Mary Barra's approval rating as General Motors' CEO?

2,393 employees have rated General Motors Chief Executive Officer Mary Barra on Glassdoor.com. Mary Barra has an approval rating of 79% among the company's employees.

What other stocks do shareholders of General Motors own?

Based on aggregate information from My MarketBeat watchlists, some companies that other General Motors investors own include Ford Motor (F), AT&T (T), Bank of America (BAC), General Electric (GE), Intel (INTC), Walt Disney (DIS), Cisco Systems (CSCO), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA) and Verizon Communications (VZ).

Who are General Motors' major shareholders?

General Motors' stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.41%), Capital World Investors (4.27%), Capital Research Global Investors (1.21%), Bank of New York Mellon Corp (1.11%), Jane Street Group LLC (0.00%) and Price T Rowe Associates Inc. MD (0.82%). Insiders that own company stock include Christopher Hatto, Craig B Glidden, Douglas L Parks, Gerald Johnson, Julian G Blissett, Mark L Reuss, Mary T Barra, Matthew Tsien, Patricia F Russo, Paul A Jacobson, Rory Harvey and Stephen K Carlisle.
View institutional ownership trends
.

How do I buy shares of General Motors?

Shares of GM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does General Motors have any subsidiaries?
The following companies are subsidiares of General Motors: 2140879 Ontario Inc., ACAR Leasing Ltd., ACF Investment Corp., AFS SenSub Corp., APGO Trust, Adam Opel GmbH, AmeriCredit, AmeriCredit Financial Services Inc., Annunciata Corporation, Argonaut Holdings LLC, Astyx Inc., BOCO (Proprietary) Limited, Banco GM S.A., Boco Trust, BrightDrop LLC, BrightDrop Solutions LLC, BrightDrop Vehicle Distribution LLC, CHEVYPLAN S.A. Sociedad Administradora de Planes de Autofinanciamiento Comercial, Cadillac, Cadillac Europe GmbH, Carve-Out Ownership Cooperative LLC, Chevrolet Deutschland GmbH, Chevrolet Otomotiv Ticaret Limited Sirketi, Chevrolet Sales (Thailand) Limited, Chevrolet Sales India Private Ltd., Chevrolet Sociedad Anonima de Ahorro para Fines Determinados, Controladora General Motors S. de R.L. de C.V., Cruise, Cruise LLC, Cruise Munich GmbH, DCJ1 LLC, DMAX Ltd., Dealership Liquidations Inc., Delphi Energy and Engine Management Systems UK Overseas Corporation, EDS (Electronic Data Systems), GCAR Titling Ltd., GM (UK) Pension Trustees Limited, GM Administradora de Bens Ltda., GM Asia Pacific Regional Headquarters Ltd., GM Components Holdings LLC, GM Corretora de Seguros Ltda., GM Cruise Holdings LLC, GM Defense LLC, GM Eurometals Inc., GM Finance Co. Holdings LLC, GM Financial, GM Financial Bank, GM Financial Canada Leasing Ltd., GM Financial Colombia Holdings LLC, GM Financial Colombia S.A. Compañia de Financiamiento, GM Financial Consumer Discount Company, GM Financial Holdings LLC, GM Financial Insurance Company, GM Financial Mexico Holdings LLC, GM Financial de Mexico S.A. de C.V. SOFOM E.R., GM Financial del Peru S.A.C, GM Global Technology Operations LLC, GM Global Tooling Company LLC, GM Global Treasury Centre Limited, GM Holdings Australia Pty Ltd, GM Holdings U.K. No.1 Limited, GM Inversiones Santiago Limitada, GM Investment Trustees Limited, GM Korea Company, GM LAAM Holdings LLC, GM Mobility Europe GmbH, GM Personnel Services Inc., GM Philippines Inc., GM Protections LLC, GM Regional Holdings LLC, GM Retirees Pension Trustees Limited, GM Speciality Vehicles UK Limited, GM Subsystems Manufacturing LLC, GM Technical Center Korea Ltd., GM-DI Leasing LLC, GMAC Administradora de Consorcios Ltda., GMAC Prestadora de Serviçios de Mão de Obra Ltda., GMCH&SP Private Equity II L.P., GMF Funding Corp., GMF Global Assignment LLC, GMF International LLC, GMF Leasing LLC, GMF Wholesale Receivables LLC, General Motors (China) Investment Company Limited, General Motors - Colmotores S.A., General Motors Advisory Services LLC, General Motors Africa and Middle East FZE, General Motors Asia LLC, General Motors Asia Pacific Holdings LLC, General Motors Asset Management Corporation, General Motors Australia Pty Ltd., General Motors Australia and New Zealand Pty Ltd., General Motors Auto LLC, General Motors Automobiles Philippines Inc., General Motors Automotive Holdings S.L., General Motors Belgique Automobile NV, General Motors Chile Industria Automotriz Limitada, General Motors China LLC, General Motors Daewoo Auto and Technology CIS LLC, General Motors Egypt S.A.E., General Motors Europe Limited, General Motors Financial Chile Limitada, General Motors Financial Chile S.A., General Motors Financial Company Inc., General Motors Financial of Canada Ltd., General Motors Global Service Operations Inc., General Motors Holden Australia NSC Pty Ltd., General Motors Holdings LLC, General Motors IT Services (Ireland) Limited, General Motors India Private Limited, General Motors International Holdings LLC, General Motors International Operations Pte. Ltd., General Motors International Services Company SAS, General Motors International Services LLC, General Motors Investment Limited, General Motors Investment Management Corporation, General Motors Investment Participaçoes Ltda., General Motors Investments Pty. Ltd., General Motors Israel Ltd., General Motors Japan Limited, General Motors LLC, General Motors Limited, General Motors New Zealand Limited, General Motors New Zealand Pensions Limited, General Motors Overseas Commercial Vehicle Corporation, General Motors Overseas Corporation, General Motors Overseas Distribution LLC, General Motors Peru S.A., General Motors Research Corporation, General Motors South Africa (Pty) Limited, General Motors Taiwan Ltd., General Motors Technical Centre India Private Limited, General Motors Treasury Center LLC, General Motors Uruguay S.A., General Motors Ventures LLC, General Motors Warehousing and Trading (Shanghai) Co. Ltd., General Motors de Argentina S.r.l., General Motors de Mexico S. de R.L. de C.V., General Motors del Ecuador S.A., General Motors do Brasil Ltda., General Motors of Canada Company, General Motors-Holden's Sales Pty. Limited, Global Services Detroit LLC, Grand Pointe Holdings Inc., Grand Pointe Park Condominium Association, IBC Pension Trustees Limited, Lease Ownership Cooperative LLC, Lidlington Engineering Company Ltd., Limited Liability Company "General Motors CIS", Maven Drive LLC, Millbrook Pension Management Limited, Monetization of Carve-Out LLC, Motors Holding LLC, Multi-Use Lease Entity Trust, North American New Cars LLC, Omnibus BB Transportes S. A., OnStar Connected Services Srl, OnStar Egypt Limited, OnStar Europe Ltd., OnStar Global Services Corporation, OnStar LLC, OnStar de Mexico S. de R.L. de C.V., P.T. G M AutoWorld Indonesia, P.T. General Motors Indonesia, PIMS Co., PT. General Motors Indonesia Manufacturing, Pan Asia Technical Automotive Center Company Ltd., Prestadora de Servicios GMF Colombia S.A.S., Rapid Motor Vehicle Company, Reliance Motor Car Company, Riverfront Holdings III Inc., Riverfront Holdings Inc., Riverfront Holdings Phase II Inc., SAIC GM (Shenyang) Norsom Motors Co. Ltd., SAIC GM Dong Yue Motors Company Limited, SAIC GM Dong Yue Powertrain Company Limited, SAIC GM Wuling Automobile Company Limited, SAIC General Motors Corporation Limited, SAIC General Motors Sales Company Limited, SAIC-GMAC Automotive Finance Company Limited, SAIC-GMF Leasing Co. Ltd., Servicios GMAC S.A. de C.V., Shanghai OnStar Telematics Co. Ltd., Sidecar Technologies, Ultium Cells LLC, Vehicle Asset Universal Leasing Trust, WRE Inc., and Zona Franca Industrial Colmotores SAS.
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This page (NYSE:GM) was last updated on 6/11/2024 by MarketBeat.com Staff

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