General Motors (GM) Rises 2% Following CFO's Earnings Projections

Oct 09, 2024

General Motors (GM, Financial) experienced a 2% increase in stock price, reaching $46.93. This rise comes after statements made by GM's CFO during the company's Investor Day, indicating that the adjusted earnings for 2025 are expected to be on par with this year's figures.

For 2024, GM has set a target for adjusted earnings before interest and taxes between $13 billion and $15 billion, translating to an earnings per share range of $9.5 to $10.5.

Additionally, GM's CEO, Mary Barra, announced the company's intention to produce and wholesale around 200,000 electric vehicles in North America in 2024. By the end of this year, GM aims to achieve profitability in production volumes or profit margins.

CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
Double Buys: Companies that both Gurus and Insiders are buying
Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文

Education

Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.