General Motors Company (GM)
| Market Cap | 52.36B |
| Revenue (ttm) | 174.87B |
| Net Income (ttm) | 10.62B |
| Shares Out | 1.14B |
| EPS (ttm) | 8.19 |
| PE Ratio | 5.60 |
| Forward PE | 4.71 |
| Dividend | $0.48 (1.05%) |
| Ex-Dividend Date | Jun 7, 2024 |
| Volume | 4,585,137 |
| Open | 46.07 |
| Previous Close | 45.87 |
| Day's Range | 45.66 - 46.07 |
| 52-Week Range | 26.30 - 46.17 |
| Beta | 1.50 |
| Analysts | Buy |
| Price Target | 53.02 (+15.54%) |
| Earnings Date | Apr 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 18 analysts, the average rating for GM stock is "Buy." The 12-month stock price forecast is $53.02, which is an increase of 15.54% from the latest price.
News
GM, LG agree on $150 mln relief fund for Chevy Bolt EV owners over faulty batteries
General Motors and South Korean battery firm LG Energy Solution reached a settlement to establish a $150 million fund to provide monetary relief to Chevrolet Bolt EV owners who were affected by defect...
Appaloosa takes new stake in Boeing, sours on GM
David Tepper's Appaloosa hedge fund took new stakes in Boeing Co. and Lyft Inc., to name a few of its fresh bets, and sold off the General Motors Co. stake it had snapped up only a few months ago, acc...
Barra says GM will 'go to where the talent is' to develop software-driven vehicles
In the battle to build software-driven connected vehicles, General Motors Co. CEO Mary Barra knows the "industry is so fierce, you have to have the very best talent."
NMG Provides Quarterly Update, Presents Highlights from its 2023 ESG Report and Provides Notice of its Annual General Meeting of Shareholders
MONTRÉAL--(BUSINESS WIRE)---- $NMG #ESG--On the heels of its multiyear offtake agreements and strategic investments with Anchor Customers Panasonic Energy Co., Ltd. (“Panasonic Energy”), a wholly owne...
Cramer says Ford and General Motors are big winners after Biden raises tariffs on Chinese imports
CNBC's Jim Cramer said a host of other stocks will also benefit, like First Solar, Texas Instruments, Owens & Minor and Becton Dickinson.
'It's not a trend it's a truck', says GM President Mark Reuss on electric Chevy Silverado
Mark Reuss, General Motors president, joins 'Closing Bell Overtime' to talk the push for electric vehicles, China EV tariffs, consumer response to EV options and more.
Biden's EV Tariff Is All for Show. Tesla, GM, and Ford Already Have Protection.
The existing 25% tariff on vehicles from China has effectively closed the border already. Raising it to 100% doesn't make much difference.
GM's Cruise to start testing robotaxis in Phoenix area with human safety drivers on board
DETROIT — General Motors' troubled Cruise autonomous vehicle unit said Monday it will start testing robotaxis in Arizona this week with human safety drivers on board.
GM's Cruise ramps up robotaxi testing in Phoenix
Cruise has started testing its autonomous vehicles in Phoenix, with plans to begin “supervised” driving in the city more than six months after the GM self-driving subsidiary halted its driverless oper...
How American carmakers lost ground in China
Detroit automakers like General Motors made a fortune selling cars to Chinese consumers. But Chinese firms have caught up.
GM scraps Chevrolet Malibu as focus shifts to electric vehicles
DETROIT — The Chevrolet Malibu, the last midsize car made by a Detroit automaker, is heading for the junkyard.
GM to end production of the Chevy Malibu after 60 years
More than 10 million Chevy Malibu's have been sold since the car was introduced in 1964.
GM can regain market share in China after hitting 20-year low, executive says
GM's market share in China has plummeted from roughly 15% as recently as 2015 to 8.6% last year — the first time it has dropped below 9% since 2003.
GM Is Shutting Down the Chevy Malibu
The automaker said it will deepen its focus on electric vehicles.
GM to end production of Chevy Malibu as it shifts to EVs
General Motors said Wednesday it will end production of its gasoline-powered Chevrolet Malibu car later this year in order to produce new electric vehicles.
GM wants to scoop up interns impacted by Tesla's cuts, recruiter says
General Motors is seeking to recruit students impacted by Tesla's recent internship rescindments. Tesla has been laying off workers and revoking internships as part of recent cutbacks.
GM CEO Mary Barra says they should have moved faster on EVs
Taking on Tesla, GM CEO Mary Barra tells Emily Chang what it's like competing in the EV race. Catch more of their interview on The Circuit.
U.S. automakers like GM are rapidly losing ground in China, once an engine for growth
GM's fall from grace in China is staggering amid geopolitical tensions with the U.S., along with changing consumer sentiment and increased domestic competition.
Micron, GM join Big Tech on this list of 20 biggest winners this earnings season
Now that two-thirds of the S&P 500 have announced their quarterly financial results, it is a good time to consider which companies have fared best.
HG Insights Announces Gary Cottrell as GM and Chief Product Officer to Drive Further Product Growth
SANTA BARBARA, Calif.--(BUSINESS WIRE)--HG Insights, the authority in Technology Intelligence, today announced the appointment of Gary Cottrell as General Manager (GM) and Chief Product Officer (CPO) ...
This Stock Has A 1.08% Yield And Sells For Less Than Book
General Motors General Motors has been named as a Top 25 dividend stock, according the most recent Dividend Channel ''DividendRank'' report. The report noted that among the coverage universe, GM share...
Automakers face tough choices on pricing or volume in Q1
CNBC's Phil LeBeau reports on the auto sector's earnings results.
MakersPlace Launches Generative Art in Partnership with gm.studio
SAN FRANCISCO--(BUSINESS WIRE)--MakersPlace, the premier marketplace for rare and authentic digital fine art, is venturing deeper into the Web3 generative art space with a unique partnership with gm.s...
Goldman Sachs in talks with Barclays to take over GM credit card business: WSJ
Goldman Sachs Group Inc. is in talks with Barclays about transferring its General Motors credit-card business as it continues its move away from the consumer lending business, The Wall Street Journal ...
Report: Goldman Could Hand off GM Card to Barclays
Goldman Sachs is reportedly closer to exiting its General Motors credit card business. The banking giant is in discussions with Barclays to transfer the issuance of the cards, the latest in its long-t...