General Motors (GM) stock gains after raising full-year guidance

General Motors (GM) PT Raised to $60 at JPMorgan

April 24, 2024 6:19 AM EDT

JPMorgan analyst Ryan Brinkman raised the price target on General Motors (NYSE: GM) to $60.00 (from $58.00) while maintaining a Overweight rating.

The analyst comments "We are raising our estimates and price target, and reiterating our Overweight rating on GM shares after the automaker on Tuesday reported solidly better 1Q results (featuring easily higher EBIT, cash flow, and EPS than the Street was looking for), while at the same time further raising 2024 guidance that was already far above the Street. Looking more closely at the quarter... More

Deutsche Bank on General Motors (GM): 'Strong Start to 2024; Pricing and EV Remain Key'

April 24, 2024 6:16 AM EDT

Deutsche Bank analyst Emmanuel Rosner reiterated a Hold rating and $50.00 price target on General Motors (NYSE: GM).

The analyst comments "GMs stock price jump yesterday, in our view, reflects a deserved positive reaction to the companys Q1 beat, as well as upward guidance revision. Importantly, management pointed to better Q2 Ebit sequentially driven mainly by volume and recovery in GMI, both in China and outside of China q/q, offset by some pricing weakness, though not seen thus far in April. We note that based on the companys updated guidance... More

General Motors (GM) PT Raised to $30 at Wells Fargo

April 24, 2024 5:42 AM EDT

Wells Fargo analyst Colin M. Langan raised the price target on General Motors (NYSE: GM) to $30.00 (from $28.00) while maintaining a Underweight rating.

The analyst comments "We raise our 2024E EPS from $4.45 to $5.00 to reflect the Q1 beat partially offset by our lower... More

General Motors (GM) Tops Q1 EPS by 50c, Raises Guidance

April 23, 2024 6:32 AM EDT

General Motors (NYSE: GM) reported Q1 EPS of $2.62, $0.50 better than the analyst estimate of $2.12. Revenue for the quarter came in at $43.01 billion versus the consensus estimate of $40.67 billion.

GUIDANCE:

General Motors sees FY2024 EPS of $9.00-$10.00, versus the consensus of... More

Tesla, GM earnings, US futures, EV sales - what's moving markets

April 23, 2024 4:26 AM EDT

Investing.com -- Tesla is set to start to Big Tech earnings season later in the day, while General Motors is due before the open. Futures point to a positive open on Wall Street, while the global EV market is expected to grow substantially this year. 

1. Tesla set to start Big Tech earnings season

The first of this weeks Big Tech stocks to report will be Tesla (NASDAQ: TSLA) after the close Tuesday, and the news is not likely to be... More

Electric car sales to rise but affordability in focus, IEA says

April 23, 2024 1:03 AM EDT

By Noah Browning

LONDON (Reuters) - Electric car sales will rise strongly in 2024 and increasingly undercut oil demand, the International Energy Agency (IEA) forecast on Tuesday, adding affordability and charging infrastructure would be key to future growth.

Electric car sales will hit 17 million this year, compared to 14 million in 2023, with more than one in five cars sold globally set to be electric, the IEA said, predicting 10 million of those sales would be in China.

The pace of electric vehicle uptake will mean that oil demand for road transport should peak around 2025, the Paris-based watchdog said in its... More

General Motors (GM) Declares $0.12 Quarterly Dividend; 1.1% Yield

April 22, 2024 4:00 PM EDT

General Motors (NYSE: GM) declared a quarterly dividend of $0.12 per share, or $0.48 annualized.

The dividend will be payable on June 20, 2024, to stockholders of record on June 7, 2024, with an ex-dividend date of June 20, 2024.

The annual yield on the dividend is 1.1 percent.

For a... More

General Motors (GM) call put ratio 2 calls to 1 put into quarter results and outlook

April 22, 2024 11:09 AM EDT

General Motors (NYSE: GM) April weekly call option implied volatility is at 63, May is at 37; compared to its 52-week range of 25 to 43 into the expected release of quarter results before the bell on April 23.

... More

General Motors (GM) April weekly 42 straddle into quarter results

April 22, 2024 4:26 AM EDT

General Motors (NYSE: GM) April weekly 42 straddle priced for a move of 5.5% into the expected release of quarter results before the bell on April 23.

... More

VW Plant In Tennessee Joins Auto Workers Union

April 19, 2024 11:33 PM EDT

VW Plant In Tennessee Joins Auto Workers Union

... More