Movement Alert|General Motors Rises 3.09% in Regular Trading, Q2 Earnings Beat Expectations as Multiple Institutions Raise Target Prices

Market Focus
Jul 24

On July 24, General Motors rose 3.09% in regular trading, trading at $83.115/share, with turnover of $65.08 million. The stock continued its upward momentum driven by a strong Q2 earnings report and a wave of analyst upgrades.

General Motors previously reported Q2 adjusted EPS of $3.57, beating market consensus by approximately 11.6%. Adjusted EBIT reached $3.9 billion, surging 29.8% year-over-year, with margins expanding from 6.4% to 8.2%. The company raised its full-year adjusted EBIT guidance for the second time this year to $14-16 billion. Following the results, JPMorgan raised its target price to $120, TD Cowen to $132, RBC to $100, and Morgan Stanley to $101, reflecting broad institutional optimism. Management noted strong demand for pickups and SUVs, while EV-related losses are expected to narrow by $1-1.5 billion this year as major cash outlays for electrification have been largely completed.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10