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General Motors Co. GM shares are extending their post-earnings rally on Wednesday as a wave of analyst price target increases piled on top of yesterday’s strong second-quarter results.
- General Motors shares are climbing with conviction. Why is GM stock surging?
GM Beats Expectations With Strong Q2 Earnings and Expanding Margins
General Motors delivered adjusted diluted earnings of $3.57 per share in the second quarter, clearing the $3.20 consensus by a meaningful margin, while revenue of $48.03 billion came in roughly $1 billion ahead of expectations. Adjusted EBIT climbed nearly 30% to $3.94 billion as the adjusted margin expanded to 8.2% from 6.4% a year earlier.
The North American business was the engine behind the outperformance, with adjusted EBIT in the region surging 42.7% to $3.45 billion as demand for full-size pickups and SUVs remained robust and the company kept incentives disciplined. CEO Mary Barra said the company is building everything it can sell in its most profitable segments and that GM held 43% of the full-size pickup market during the quarter.
Full‑Year Guidance Raised on Strength and Upcoming Truck Launches
Management raised its full-year adjusted EPS outlook to a range of $12 to $14 from the prior $11.50 to $13.50 and lifted its adjusted EBIT guidance to $14 billion to $16 billion from $13.5 billion to $15.5 billion. The next-generation Chevrolet Silverado and GMC Sierra pickups are set to begin arriving at dealerships in December, with management expressing confidence that improving business trends will support revenue, margins and cash flow into 2027 and beyond.
Several major analysts raised targets or reiterated bullish ratings on General Motors:
- JP Morgan: Overweight, raises target to $120 from $110
- TD Cowen: Buy, raises target to $132 from $126
- Barclays: Overweight, raises target to $110 from $105
- Goldman Sachs: Buy, raises target to $103 from $91
- RBC Capital: Outperform, raises target to $100 from $94
- Morgan Stanley: Overweight, raises target to $101 from $100
GM Shares Are Rising
GM Price Action: General Motors shares were up 2.69% at $81.66 at the time of publication on Wednesday, according to Benzinga Pro.
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This article General Motors Stock Surges After Strong Q2 Results, Target Upgrades originally appeared on Benzinga.com.
