Overview
- The stock closed at $80.80 on Wednesday, a record finish after a nearly 5% jump, with gains topping 60% over six months and about 50% year to date.
- Morgan Stanley raised GM to Buy with a price target of $90, and Goldman Sachs lifted its target to $93, reinforcing the recent rally.
- GM completed a $10 billion accelerated share repurchase and outlined $4 billion in U.S. investments aimed at expanding capacity and mitigating tariff exposure.
- Stronger-than-expected third-quarter results and a higher full-year profit outlook highlighted improved inventory discipline and a richer sales mix.
- CEO Mary Barra said GM is reassessing EV capacity amid evolving regulations and slower near-term adoption, as the company also manages a small Silverado manual-related recall and prepares for a Jan. 14 Senate hearing.