General Motors Company (GM)
| Market Cap | 53.57B |
| Revenue (ttm) | 174.87B |
| Net Income (ttm) | 10.62B |
| Shares Out | 1.14B |
| EPS (ttm) | 8.19 |
| PE Ratio | 5.73 |
| Forward PE | 4.72 |
| Dividend | $0.48 (1.02%) |
| Ex-Dividend Date | Jun 7, 2024 |
| Volume | 10,682,360 |
| Open | 46.40 |
| Previous Close | 46.68 |
| Day's Range | 46.37 - 47.08 |
| 52-Week Range | 26.30 - 49.35 |
| Beta | 1.46 |
| Analysts | Buy |
| Price Target | 54.52 (+16.12%) |
| Earnings Date | Jul 23, 2024 |
About GM
General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts; and provide software-enabled services and subscriptions worldwide. The company operates through GM North America, GM International, Cruise, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names. In addition, the company sells trucks, crossovers, cars, and automobile parts through retail dealers, and distributors and dealers, as well as to fleet customers, including dai... [Read more]
Financial Performance
In 2023, GM's revenue was $171.84 billion, an increase of 9.64% compared to the previous year's $156.74 billion. Earnings were $10.02 billion, an increase of 12.42%.
Financial StatementsAnalyst Forecast
According to 19 analysts, the average rating for GM stock is "Buy." The 12-month stock price forecast is $54.52, which is an increase of 16.12% from the latest price.
News
GM Posts Best Sales Since 2020 on Pickup Truck, EV Demand
General Motors (GM) posted its best U.S. quarterly sales figures in more than three years, lifted by higher demand for full-sized pickup trucks and electric vehicles (EVs).
GM reports best U.S. quarterly sales since 2020
General Motors reported its best quarterly sales in more than three years, including notable increases in full-size pickup trucks and all-electric vehicles. The Detroit automaker on Tuesday reported s...
GM's second-quarter US auto sales growth slows
General Motors on Tuesday posted a slower rise in second-quarter U.S. sales, hurt by lower fleet sales to daily rental companies and a cyber incident at CDK that impacted dealers across the country.
Growth will be slow this year for automakers as prices normalize, says former Ford CEO
Mark Fields, former Ford president and CEO, joins 'Squawk Box' to discuss Fields' thoughts on the consumer's health regarding the car business, what could be a problem for automakers, and the CDK soft...
Q2 expected to reach 15.8 million in auto sales
CNBC's Phil LeBeau reports on June's auto sales data.
An alphabet soup of 'electrified' vehicles awaits new car buyers as EV sales stall
Car buyers entering dealer showrooms for the foreseeable future may have a new challenge: an alphabet soup of "electrified" vehicle offerings. As all-electric vehicle adoption occurs slower than many ...
Vehlo's Dealerlogix Becomes Newest Participating Certified Service Lane Tool Partner for General Motors
KNOXVILLE, Tenn.--(BUSINESS WIRE)--Dealerlogix, a leading all-in-one fixed operations software suite for automotive dealership service departments, announced that General Motors has approved it to par...
Cramer's Mad Dash: General Motors
CNBC's Jim Cramer delivers his daily Mad Dash.
GM Financial to Release Second Quarter 2024 Operating Results
FORT WORTH, Texas--(BUSINESS WIRE)--GENERAL MOTORS FINANCIAL COMPANY, INC. (“GM Financial” or the “Company”) will release its second quarter 2024 operating results on Tuesday, July 23, 2024. The press...
GM's Cruise taps Xbox video game veteran as next CEO
GM's Cruise has appointed Marc Whitten — a video game veteran who was a founding engineer at Xbox and Xbox Live— as CEO.
Cruise, G.M.'s Self-Driving Subsidiary, Names Marc Whitten as C.E.O.
After a year of safety problems, layoffs and mass executive departures, G.M. is trying to find stability for its futuristic driverless car business.
Cruise, GM's troubled robotaxi unit, gets a new CEO
Cruise, General Motors Co.'s troubled self-driving unit, said late Tuesday it has named an Amazon.com Inc. and Microsoft Corp. veteran its new chief executive, some seven months after the departure of...
Former Amazon and Microsoft exec Marc Whitten named CEO at self-driving company Cruise
Marc Whitten, a longtime Seattle-area tech executive, was named CEO at Cruise, the GM-backed self-driving company.
Cruise, the Self-Driving Car Subsidiary of G.M., Names New C.E.O.
After a year of safety problems, layoffs and mass executive departures, G.M. is trying to find stability for its futuristic driverless car business.
GM's Cruise names former Amazon, Microsoft Xbox executive as new CEO
General Motors' Cruise autonomous vehicle unit on Tuesday announced Marc Whitten, a former Amazon and Microsoft executive, as its new CEO. His appointment comes at a crucial time for Cruise, as it att...
GM self-driving unit Cruise names new CEO as it seeks turnaround
General Motors robotaxi unit Cruise said on Tuesday it has named a former xBox founding engineer as the new CEO of automaker's self-driving vehicle company.
U.S. auto sales are expected to slow during the second half of 2024
Cox Automotive expects U.S. sales growth to slow during the second half of the year to end 2024 at 15.7 million units, roughly a 1.3% increase compared to 2023. Vehicle inventory levels are growing, i...
GM Defense Provides Battery Electric Technology for Future Military Platforms
WASHINGTON , June 25, 2024 /PRNewswire/ -- GM Defense, a subsidiary of General Motors, is providing commercial battery electric technology in support of the University of Texas at Arlington (UTA) Puls...
Automakers ask US agency to reconsider emergency braking rule
A group representing major automakers asked the National Highway Traffic Safety Administration to reconsider its new rule requiring nearly all new cars and trucks by 2029 to have advanced automatic em...
GM Financial Bank withdraws its application for deposit insurance
FORT WORTH, Texas--(BUSINESS WIRE)--General Motors Financial Company, Inc. (“GM Financial”), the captive finance subsidiary of General Motors, has announced the withdrawal of GM Financial Bank's Inter...
Flash News: OKX Wallet Now Integrated with GM Launchpad
SINGAPORE, June 22, 2024 (GLOBE NEWSWIRE) -- OKX, a leading Web3 technology company, has issued updates for June 22, 2024.
Cruise clears key hurdle to getting robotaxis back on roads in California
Cruise, the self-driving subsidiary of General Motors, has agreed to pay a $112,500 fine for failing to provide full information about an accident involving one of its robotaxis last year. The settlem...
California to fine GM's unit Cruise for delaying report on San Francisco accident
A California regulator said on Thursday it is imposing the maximum penalty possible on General Motors' Cruise unit for its failure to promptly provide complete information to the commission about an a...
Detroit Three automakers should exit China, leading analyst says
Legacy U.S. automakers such as Ford Motor and General Motors should leave the China market to preserve capital amid the costly electric vehicle (EV) transition, a leading auto analyst said on Tuesday.