General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) was upgraded by stock analysts at UBS Group to a “strong-buy” rating in a research report issued to clients and investors on Monday, Zacks reports.
A number of other research analysts have also weighed in on the company. Benchmark reaffirmed a “buy” rating on shares of General Motors in a report on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $100.00 price objective on shares of General Motors in a research report on Wednesday, July 22nd. Morgan Stanley boosted their price objective on shares of General Motors from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group upped their target price on shares of General Motors from $91.00 to $103.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Finally, Barclays increased their target price on shares of General Motors from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.82.
View Our Latest Report on General Motors
General Motors Trading Up 1.8%
General Motors (NYSE:GM – Get Free Report) (TSE:GMM.U) last released its quarterly earnings data on Tuesday, July 21st. The auto manufacturer reported $3.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.38. The company had revenue of $48.03 billion for the quarter, compared to analyst estimates of $47.01 billion. General Motors had a return on equity of 18.18% and a net margin of 1.05%.The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.53 EPS. General Motors has set its FY 2026 guidance at 12.000-14.000 EPS. As a group, analysts expect that General Motors will post 13.32 EPS for the current year.
Insider Transactions at General Motors
In other news, EVP Grant Dixton sold 40,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $88.44, for a total transaction of $3,537,600.00. Following the sale, the executive vice president owned 54,992 shares in the company, valued at approximately $4,863,492.48. This trade represents a 42.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Rory Harvey sold 8,882 shares of General Motors stock in a transaction on Monday, July 27th. The stock was sold at an average price of $86.95, for a total transaction of $772,289.90. Following the sale, the executive vice president directly owned 28,513 shares of the company’s stock, valued at $2,479,205.35. This represents a 23.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 549,665 shares of company stock worth $49,010,828. Company insiders own 0.44% of the company’s stock.
Hedge Funds Weigh In On General Motors
Hedge funds and other institutional investors have recently modified their holdings of the company. Evergreen Advisors LLC purchased a new stake in shares of General Motors during the first quarter valued at $26,000. SouthState Bank Corp raised its position in General Motors by 101.7% in the 4th quarter. SouthState Bank Corp now owns 351 shares of the auto manufacturer’s stock worth $29,000 after buying an additional 177 shares during the last quarter. Comprehensive Financial Planning Inc. PA bought a new position in General Motors during the 2nd quarter valued at about $31,000. Burk Holdings LLC bought a new position in General Motors during the 2nd quarter valued at about $31,000. Finally, Basepoint Wealth LLC purchased a new stake in shares of General Motors during the 4th quarter valued at about $33,000. 92.67% of the stock is currently owned by hedge funds and other institutional investors.
Key Headlines Impacting General Motors
Here are the key news stories impacting General Motors this week:
- Positive Sentiment: UBS raised its GM price target to $114 from $102, arguing that Wall Street may be undervaluing recurring, high-margin revenue from OnStar connected services and Super Cruise driver assistance. UBS views GM’s digital business as a significant growth driver beyond vehicle sales. General Motors has an underappreciated growth driver, UBS says
- Positive Sentiment: GM plans to introduce a new customer software experience in redesigned Chevrolet Silverado and GMC Sierra pickups later this year. A better infotainment platform could improve customer engagement and create more opportunities for digital-service revenue. GM launching new customer software experience with redesigned Chevy, GMC pickups
- Positive Sentiment: GM says it aims to source battery cells entirely within the United States within two to three years and is targeting domestic sodium-ion battery production by 2029. The strategy could reduce exposure to Chinese supply chains and improve supply security, although the financial benefits are longer term. GM pursues domestic battery supply chain as Ford faces China scrutiny
- Neutral Sentiment: GM’s Australia leadership transition and product-related coverage, including removal of the Corvette fuel-door lock and development of its next small-block V8, are unlikely to materially affect near-term earnings or valuation. GM Says Deleting The C8 Corvette’s Fuel-Door Lock is an Upgrade
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 cars, trucks and sport utility vehicles through its Chevrolet, Buick, GMC and Cadillac brands.
GM’s product portfolio includes gasoline-powered and electric vehicles, full-size pickup trucks, commercial vehicles and luxury automobiles. The company is developing battery-electric and other advanced vehicle technologies, while also offering connected-vehicle services through its OnStar platform.
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