General Motors Company (NYSE:GM) posted better-than-expected profit and sales for the third quarter on Tuesday, as CEO Mary Barra revved the 2025 outlook.
The auto behemoth registered third-quarter adjusted earnings per share of $2.80, beating the analyst consensus estimate $2.31.
Quarterly sales of $48.59 billion (down 0.3% year over year) topped Street view of $45.27 billion, driven by Chevrolet's rise to America's No. 2 electric-vehicle brand, with the Equinox EV emerging as the best-selling non-Tesla model, the company said.
General Motors narrowed its 2025 GAAP earnings-per-share guidance to $8.30 to $9.05 from $8.22 to $9.97, versus a $9.19 analyst estimate.
The company raised its 2025 adjusted EPS outlook to $9.75 to $10.50 from $8.25 to $10.00, above the $9.46 consensus. The firm expects to recognize more than $200 million in Super Cruise revenue in 2025.
GM shares gained 0.6% to trade at $67.04 on Wednesday.
These analysts made changes to their price targets on GM following earnings announcement.
- Wells Fargo analyst Colin Langan maintained General Motors with an Underweight rating and raised the price target from $40 to $46.
- RBC Capital analyst Tom Narayan maintained the stock with an Outperform rating and raised the price target from $77 to $86.
- TD Cowen analyst Itay Michaeli maintained General Motors with a Buy and raised the price target from $92 to $100.
Considering buying GM stock? Here’s what analysts think:
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