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NYSE:GM

General Motors (GM) Stock Price, News & Analysis

General Motors logo
$50.96
+0.20 (+0.39%)
(As of 11/1/2024 ET)

About General Motors Stock (NYSE:GM)

Key Stats

Today's Range
$50.79
$51.78
50-Day Range
$44.67
$53.73
52-Week Range
$26.30
$54.29
Volume
10.29 million shs
Average Volume
15.03 million shs
Market Capitalization
$56.04 billion
P/E Ratio
5.43
Dividend Yield
0.94%
Price Target
$56.92
Consensus Rating
Hold

Company Overview

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.


General Motors Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
93rd Percentile Overall Score

GM MarketRank™: 

General Motors scored higher than 93% of companies evaluated by MarketBeat, and ranked 14th out of 93 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    General Motors has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on 10 buy ratings, 6 hold ratings, and 4 sell ratings.

  • Amount of Analyst Coverage

    General Motors has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about General Motors' stock forecast and price target.
  • Earnings Growth

    Earnings for General Motors are expected to grow by 1.35% in the coming year, from $10.34 to $10.48 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of General Motors is 5.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.37.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of General Motors is 5.43, which means that it is trading at a less expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 13.86.

  • Price to Earnings Growth Ratio

    General Motors has a PEG Ratio of 0.39. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    General Motors has a P/B Ratio of 0.76. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about General Motors' valuation and earnings.
  • Percentage of Shares Shorted

    2.98% of the float of General Motors has been sold short.
  • Short Interest Ratio / Days to Cover

    General Motors has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in General Motors has recently increased by 6.81%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    General Motors has a dividend yield of 0.92%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    General Motors does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of General Motors is 5.12%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, General Motors will have a dividend payout ratio of 4.58% next year. This indicates that General Motors will be able to sustain or increase its dividend.

  • Read more about General Motors' dividend.
  • Percentage of Shares Shorted

    2.98% of the float of General Motors has been sold short.
  • Short Interest Ratio / Days to Cover

    General Motors has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in General Motors has recently increased by 6.81%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    General Motors has a news sentiment score of 0.46. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.34 average news sentiment score of Auto/Tires/Trucks companies.
  • News Coverage This Week

    MarketBeat has tracked 30 news articles for General Motors this week, compared to 37 articles on an average week.
  • Search Interest

    Only 131 people have searched for GM on MarketBeat in the last 30 days. This is a decrease of -22% compared to the previous 30 days.
  • MarketBeat Follows

    Only 29 people have added General Motors to their MarketBeat watchlist in the last 30 days. This is a decrease of -12% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, General Motors insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $28,267,714.00 in company stock.

  • Percentage Held by Insiders

    Only 0.72% of the stock of General Motors is held by insiders.

  • Percentage Held by Institutions

    92.67% of the stock of General Motors is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about General Motors' insider trading history.
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GM Stock News Headlines

Financial markets news icon
MarketBeat Week in Review – 10/28 - 11/1 (GM)
Stocks staged a strong rally on Friday following a steep sell-off; a weak jobs report all but guarantees a rate cut which adds to bullish sentiment
Electric car plugged in with charging station to recharge battery with electricity by EV charger cable in eco green park and greenery foliage. Future innovative ev car and energy sustainability.Peruse
Charging Ahead: Investing in the EV Charging Infrastructure (GM)
The EV charging market offers investment opportunities, but investors must evaluate company performance and growth prospects before making a decision.
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Imagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetched, but results like this are within reach with the right knowledge and timing in the altcoin market. Plus, you’ll get $10 in real Bitcoin when you stay to the end of the call and take a short quiz.
GM General Motors lithium
GM’s Lithium Americas Deal Positions It for EV Dominance (GM)
GM has invested heavily in a joint venture with Lithium Americas in a bid to secure a domestic battery-grade lithium supply chain.
This Could Drive General Motors to New Highs
GM Fort Wayne workers OK strike authorization
See More Headlines

GM Stock Analysis - Frequently Asked Questions

General Motors' stock was trading at $35.92 on January 1st, 2024. Since then, GM shares have increased by 41.9% and is now trading at $50.96.
View the best growth stocks for 2024 here
.

General Motors (NYSE:GM) released its quarterly earnings results on Tuesday, October, 22nd. The auto manufacturer reported $2.96 EPS for the quarter, topping analysts' consensus estimates of $2.49 by $0.47. General Motors's revenue for the quarter was up 10.5% on a year-over-year basis.
Read the conference call transcript
.

General Motors' Board of Directors initiated a share buyback plan on Tuesday, June 11th 2024, which permits the company to repurchase $6,000,000,000 in shares, according to EventVestor. This means that the company could buy up to 10.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.

The following companies are subsidiaries of General Motors: Cruise, Sidecar Technologies, GM Financial, AmeriCredit, EDS (Electronic Data Systems), Cadillac, Rapid Motor Vehicle Company, and more.

General Motors' top institutional shareholders include AustralianSuper Pty Ltd (0.29%), National Pension Service (0.29%), Donald Smith & CO. Inc. (0.14%) and Artemis Investment Management LLP (0.14%). Insiders that own company stock include Mary T Barra, Paul A Jacobson, Mark L Reuss, Julian G Blissett, Gerald Johnson, Stephen K Carlisle, Christopher Hatto, Rory Harvey, Patricia F Russo, Craig B Glidden and Douglas L Parks.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that General Motors investors own include Meta Platforms (META), NVIDIA (NVDA), Tesla (TSLA), Symbotic (SYM), Advanced Micro Devices (AMD), JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) and Chevron (CVX).

Company Calendar

Ex-Dividend for 9/19 Dividend
9/06/2024
Dividend Payable
9/19/2024
Last Earnings
10/22/2024
Today
11/02/2024
Ex-Dividend for 12/19 Dividend
12/06/2024
Dividend Payable
12/19/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/04/2025

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
$56.92
High Stock Price Target
$96.00
Low Stock Price Target
$34.00
Potential Upside/Downside
+11.7%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
21 Analysts

Profitability

Net Income
$10.13 billion
Pretax Margin
6.42%

Debt

Sales & Book Value

Annual Sales
$171.84 billion
Cash Flow
$19.09 per share
Book Value
$67.44 per share

Miscellaneous

Outstanding Shares
1,099,600,000
Free Float
1,091,679,000
Market Cap
$56.04 billion
Optionable
Optionable
Beta
1.42

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This page (NYSE:GM) was last updated on 11/2/2024 by MarketBeat.com Staff
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