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Wire

General Motors Remains Confident in 2026 Outlook Despite Elevated Risk Profile, Wedbush Says

General Motors (GM) is confident in its 2026 guidance despite an elevated risk profile due to the Middle East conflict, Wedbush said in a Monday research report.The company is also advancing toward its margin expansion goals with the digital strategy still underappreciated in the company's growth story, analysts wrote.General Motors has demonstrated it can execute on cost management, and is positioned to leverage its broad-based portfolio by capitalizing on low-cost vehicle profitability, according to the note.The company expects its high-speed self-driving system to be among the safest systems in 2028, as it builds on software-defined architecture designed to boost capacity for "highly central control" of functions, according to Wedbush.A key differentiator is the company's ability to train foundation models with effectively free data, given its access to years of broad-based data, the brokerage stated.The brokerage said it reiterated its outperform rating on the stock and price target of $95 per share.Price: $76.30, Change: $-2.50, Percent Change: -3.17%

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Wire

Update: General Motors Recalls Certain Brake, Clutch Fluid Containers Over Safety Issues

(Updates to add General Motors' statement throughout and remove market chatter tag)General Motors (GM) is voluntarily recalling certain containers of ACDelco GMW DOT 3 brake and clutch fluid that may not adhere to Federal Motor Vehicle Safety Standards, the company said in a Thursday statement to."GM dealers and ACDelco's direct purchasers will remove any remaining stock from the suspect lot number," the automaker said. "Customer satisfaction is a top priority for the GM team, and we're resolving this matter as quickly as possible."The statement came in response to a request for comment on a report by Reuters, citing the National Highway Traffic Safety Administration, that the company recalled 40,440 of its vehicles in the US due to the presence of sediment in the brake fluid.However, GM toldthat the recall wasn't related to vehicles and that about 40,400 bottles are impacted.Price: $78.48, Change: $-0.22, Percent Change: -0.28%

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Wire

Market Chatter: Honda Motor Halts Canadian EV Plant Plans Amid Weak US Demand

Honda Motor (HMC) is pausing its plans to construct an electric vehicle manufacturing facility in Canada amid weak US demand, Nikkei Asia reported Tuesday, citing sources.The automaker, which initially intended to invest 15 billion Canadian dollars ($11 billion) in the site and a battery factory, has suspended the project indefinitely and initiated discussions with the Canadian government, the news outlet reported.Honda will also cease production of its Prologue electric vehicle, developed alongside General Motors (GM), in H2, leaving its US portfolio temporarily without any electric models, according to the report.The company plans to reduce its 7 trillion-yen ($44.34 billion) global electrification investment goal for 2030 and repurpose its Ohio manufacturing operations, including a battery joint venture with LG Energy Solution, to focus on hybrid and gasoline vehicles, Nikkei Asia noted.Honda did not immediately respond to' request for a comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $24.18, Change: $+0.32, Percent Change: +1.34%

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Wire

BofA Securities Lifts General Motors Price Target to $106 From $105, Buy Rating Kept

General Motors (GM) has an average rating of overweight and mean price target of $95.78, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $76.37, Change: $-2.59, Percent Change: -3.27%

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Wire

General Motors Could Top 2026 Outlook if Economy Stabilizes, UBS Says

General Motors (GM) could beat its 2026 outlook if the economy steadies, with further earnings growth likely into 2027 from cost control, electric vehicle profitability, stronger vehicle mix, and share buybacks, UBS said in a note emailed Wednesday.Investor concerns over commodity costs and demand risk misses General Motors' stronger execution, flexibility and spending control, according to the note.General Motors' outlook has some elements of conservatism because the company has not included a possible restocking of high-profit pickups and SUVs in its guidance, UBS said.The firm noted that possible USMCA trade talks are more likely to help the company than hurt it, though not included in its outlook.UBS kept its buy rating on General Motors and lowered its price target to $102 from $105.Price: $76.08, Change: $-2.87, Percent Change: -3.63%

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Wire

General Motors Delivered Strong Q1 Results Despite Macroeconomic Headwinds, Wedbush Says

General Motors' (GM) Q1 results show that the company managed to start the year off strong despite facing macro headwinds, Wedbush said in a note Wednesday.The company's Q1 results saw a "slight top-line beat with a strong bottom-line beat" as it is still navigating a more challenging electric vehicle scenario, the note said, adding GM is moving to "higher-margin revenue streams to drive long-term cash flow generation."The company is also benefitting from the US Supreme Court ruling on tariffs, the note said.Wedbush highlighted the fact that GM's digital services segment is achieving incremental momentum with deferred revenue reaching $5.8 billion, an increase of more than 50% year on year, and recognized revenue of $750 million, up 20% year on year.The company keeps "adding more subscribers to its digital services revenue stream with a monthly average revenue per subscriber of ~$20," the note said.Meanwhile, the company said that the Iran war has increased its costs, but Wedbush believes that GM will be able to "navigate a more difficult macro backdrop by offsetting cost pressures through spend reduction across other areas of the business."Wedbush kept GM's outperform rating and $95 price target.Price: $76.25, Change: $-2.70, Percent Change: -3.42%

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Wire

BNP Paribas Adjusts General Motors Price Target to $101 From $100, Maintains Outperform Rating

General Motors (GM) has an average rating of overweight and mean price target of $95.78, according to analysts polled by FactSet.Price: $76.46, Change: $-2.49, Percent Change: -3.15%

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Sectors

Sector Update: Consumer Stocks Mixed Late Afternoon

Consumer stocks were mixed late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 0.7% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) shedding 0.7%.Redbook US same-store sales rose by 7.7% from a year earlier in the week ended April 25 after a 6.7% year-over-year increase in the previous week, with sales benefitting from an extra selling day this year compared with last year due to the timing of Easter.In corporate news, United Parcel Service (UPS) maintained its 2026 revenue outlook as the package delivery giant flagged a potential demand impact from the Middle East conflict. Its shares fell 4.8%.Kimberly-Clark (KMB) reported better-than-expected Q1 results and maintained its full-year outlook Tuesday, but the consumer goods maker flagged potential incremental input cost headwinds of up to $170 million in H2 due to elevated oil prices. Its shares were down 0.4%.Coca-Cola (KO) lifted its full-year earnings growth outlook on Tuesday as the beverages giant posted fiscal Q1 results above market expectations amid pricing and volume gains. Coca-Cola shares gained 3.7%.General Motors (GM) raised its full-year earnings outlook and trimmed its tariff hit forecast on Tuesday, as the automaker reported an unexpected year-over-year increase in its Q1 bottom line. GM shares added 0.9%.

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Wire

Mizuho Securities Lowers General Motors Price Target to $105 From $100

General Motors (GM) has an average rating of overweight and mean price target of $95.26, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $78.51, Change: $+0.55, Percent Change: +0.71%

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Sectors

Sector Update: Consumer Stocks Mixed Tuesday Afternoon

Consumer stocks were mixed Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) rising 0.9% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.7%.Redbook US same-store sales rose by 7.7% from a year earlier in the week ended April 25 after a 6.7% year-over-year increase in the previous week, with sales benefitting from an extra selling day this year compared with last year due to the timing of Easter.In corporate news, Coca-Cola (KO) lifted its full-year earnings growth outlook on Tuesday as the beverages giant posted fiscal Q1 results above market expectations amid pricing and volume gains. Its shares jumped past 5%.General Motors (GM) raised its full-year earnings outlook and trimmed its tariff hit forecast on Tuesday, as the automaker reported an unexpected year-over-year increase in its Q1 bottom line. GM shares added 0.2%.Walt Disney's (DIS) broadcast licenses may be headed for review by the US Federal Communications Commission, Semafor reported Tuesday. Disney shares were down 0.6%.Copa's (CPA) Copa Airlines reached a $13.5 billion deal with Boeing (BA) to incorporate up to 60 of the airplane maker's 737 Max jets over the next eight years, Reuters reported. Copa shares shed 0.6%.

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Research

Research Alert: CFRA Maintains Hold Opinion On Shares Of General Motors Company

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target by $5 to $85, based on a 2027 P/E of 6.0x, a slight premium to GM's five-year mean forward P/E of 5.9x. We increase our adjusted EPS estimates to $13.35 from $12.15 for 2026 and to $14.25 from $13.90 for 2027. Following GM's better-than-expected Q1 earnings and 2026 guidance, we maintain a Hold rating on the shares. The company's reported loss in market share in Q1 confirmed one of our primary concerns with the story, as GM's Q1 new vehicle market share slipped in both the U.S. (-70 bps to 16.5%) and China (-70 bps to 6.9%). The stock is coming off a stellar run in 2025 in which it was the best-performing auto manufacturer equity (+54% vs. +16% for the S&P 500), and we lowered our rating on the shares to Hold in December. Over the last few years, GM's execution and market share gains have been impressive, but we think the company faces a tougher road ahead due to its lack of hybrid offerings and see it continuing to lose market share in the coming quarters.

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Wire

General Motors to Gain From Higher Margins, Software Growth, Tariff Relief, Wedbush Says

General Motors (GM) could see stronger earnings, steadier cash flow, better margins, and more support from software and services as tariff pressure eases and higher margin revenue grows, Wedbush said in a note Tuesday.General Motors' Q1 results came in above expectations and showed the company is managing a weak EV market while holding up better through pricing and a shift toward more profitable business lines, while its software and services business is becoming a bigger growth driver, supported by rising deferred revenue, stronger digital services sales, and more Super Cruise users, Wedbush analysts noted.Recurring revenue streams could support margin growth over time and give General Motors more stability even as the auto market stays uncertain, Wedbush said.The firm said lower tariff costs and a roughly $500 million benefit tied to the court decision should help General Motors offset higher commodity, freight, logistics, and memory chip costs through fiscal 2026.Wedbush kept its outperform rating and $95 price target, saying that General Motors is working through a tough tariff and EV backdrop, but it expects the company's stronger software mix and improved guidance to support its positive view on the stock.Price: $76.10, Change: $-1.86, Percent Change: -2.39%

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Wire

Top Midday Stories: OpenAI Reportedly Misses Internal Revenue, User Targets; Spotify Shares Fall After Tepid Guidance

The Dow Jones Industrial Average was up slightly, while the S&P 500 Index and Nasdaq Composite were down in late-morning trading Tuesday due, in part, to a downbeat report on OpenAI.In company news, Microsoft-backed (MSFT) OpenAI recently missed its own targets for new users and revenue, The Wall Street Journal reported late Monday, citing people familiar with the matter. The company missed an internal goal of hitting 1 billion weekly active ChatGPT users by the end of the last year, and it missed its yearly revenue target for ChatGPT, as well, the people reportedly told The WSJ. Chief Financial Officer Sarah Friar has expressed concern to other company leaders that OpenAI might not be able to pay for future computing contracts if revenue doesn't grow fast enough, the report said, citing the people. Microsoft shares were up 0.3% around midday.Spotify Technology (SPOT) reported Q1 earnings Tuesday of 3.45 euros ($4.03) per diluted share, up from 1.07 euros a year earlier and above the FactSet consensus analyst estimate of 2.95 euros. First-quarter revenue was 4.53 billion euros, up from 4.19 billion euros a year ago and matching the FactSet consensus estimate. For Q2, Spotify said it expects revenue of 4.8 billion euros, above the FactSet consensus of 4.77 billion euros. The company also said it expects 299 million premium subscribers in Q2, below the FactSet consensus of 300.4 million. Spotify shares were down 13.7%.Coca-Cola (KO) reported Q1 adjusted earnings Tuesday of $0.86 per share, up from $0.73 a year earlier and above the FactSet consensus of $0.81. First-quarter revenue was $12.47 billion, up from $11.13 billion a year ago and above the FactSet consensus of $12.24 billion. For full-year 2026, the company expects organic revenue growth of 4% to 5% and comparable earnings growth of 8% to 9%. Coca-Cola shares were up 5.9%.General Motors (GM) reported Q1 adjusted earnings Tuesday of $3.70 per diluted share, up from $2.78 a year earlier and above the FactSet consensus of $2.60. First-quarter revenue was $43.62 billion, down from $44.02 billion a year ago but above the FactSet consensus of $43.51 billion. For full-year 2026, the automaker now expects adjusted EPS of $11.50 to $13.50, up from $11 to $13 and compared to the FactSet consensus of $12.20. The company's board declared a quarterly cash dividend of $0.18 per share, payable June 18 to shareholders of record as of June 5. General Motors shares were down 1.6%.United Parcel Service (UPS) reported Q1 adjusted earnings Tuesday of $1.07 per diluted share, down from $1.49 a year earlier but above the FactSet consensus of $1.01. First-quarter revenue was $21.20 billion, down from $21.55 billion a year ago but above the FactSet consensus of $20.98 billion. For full-year 2026, the company said it expects revenue of about $89.70 billion, above the FactSet consensus of $89.62 billion. UPS shares were down 4.2%.Walt Disney's (DIS) broadcast licenses may be headed for review by the Federal Communications Commission, Semafor reported Tuesday, citing people familiar with the matter. Disney shares were down 0.6%.Price: $426.28, Change: $+1.46, Percent Change: +0.34%

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US Markets

General Motors Lifts 2026 Earnings Outlook Amid Reduced Tariff Costs

General Motors (GM) raised its full-year earnings outlook and trimmed its tariff hit forecast on Tuesday, as the automaker reported an unexpected year-over-year increase in its first-quarter bottom line.The company now anticipates adjusted earnings to be in a range of $11.50 to $13.50 per share for 2026, up from its previous guidance of $11 to $13. The current consensus on FactSet is for non-GAAP EPS of $12.20.GM now sees gross tariff costs of between $2.5 billion and $3.5 billion for the current year, compared with its prior expectations of $3 billion to $4 billion, citing a favorable adjustment of $500 million related to the US Supreme Court's decision in February to invalidate President Donald Trump's reciprocal tariffs imposed under the International Emergency Economic Powers Act.The company opted to maintain its full-year adjusted automotive free cash flow forecast range of $9 billion to $11 billion, as the cash refund timing of the IEEPA adjustment is uncertain, it said in an earnings presentation.Chief Executive Mary Barra and company "continue to navigate this very difficult tariff and (electric vehicle) environment while tapping into alternative revenue streams with high margins to stabilize its margins," Wedbush Securities said in a client note. The brokerage maintained its outperform rating on the automaker's stock.GM posted adjusted EPS of $3.70 for the March quarter, up from $2.78 the year before, defying the Street's view for a decline to $2.60. Revenue slipped 0.9% to $43.62 billion, but came in ahead of the average analyst estimate of $43.51 billion."In the first quarter of 2026, General Motors once again delivered strong financial performance," Barra said in a letter to shareholders. "We have solid momentum in our core operations."Revenue in North America decreased to $36.4 billion from $37.39 billion in the 2025 quarter, while international sales advanced to $2.86 billion from $2.43 billion. Consolidated vehicle sales dropped to 1.29 million units from 1.45 million last year, with sales in the US market falling to 626,000 vehicles from 693,000."We are clearly operating in a very dynamic environment, which isn't unusual for this industry," according to Barra. "That's why we have had a multi-year focus to ensure we have the right products, the right team, and a strong balance sheet supported by healthy cash flows to achieve our long-term goals."

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Research

Research Alert: Gm Q1 Earnings: A Big Beat And Raise Thanks To Tariff Refund

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:General Motors (GM) posted Q1 adjusted EPS of $3.70 vs. $2.78 (+33%), well ahead of the $2.62 consensus. The beat was supported by stronger-than-expected revenue and margins, as revenue fell 0.9% to $43.62B ($80M ahead of consensus), reflecting a 10.6% drop in global vehicle sales partially offset by higher prices. Excluding a Q1 IEEPA tariff adjustment of $500M, GM's adjusted EBIT of $4.25B was up 22% from $3.49B in the year-ago quarter. In Q1, GM's U.S. market share declined to 16.5% from 17.2% in the prior year; in China, market share fell to 6.9% from 7.6%. GM raised 2026 adjusted EPS guidance to $11.50-$13.50 from $11.00-$13.00, the midpoint of which is above the current consensus of $12.24 and implies 18% Y/Y growth over the $10.60 earned in 2025. Management said the guidance increase is due to tariff refunds from the Supreme Court decision regarding IEEPA. The quarter represented GM's 15th straight bottom-line earnings beat. GM shares are currently trading up 5% on the stronger-than-expected release.

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US Markets

Stocks Mostly Down Pre-Bell as Traders Monitor Developments on US-Iran Negotiations; Fed Policy Meeting on Deck

US equity futures were mostly pointing lower on Tuesday as traders monitor developments on negotiations between the US and Iran and await the Federal Reserve's latest decision on interest rates, along with a fresh round of corporate earnings.The S&P 500 decreased 0.2% and the Nasdaq declined 0.6%, while the Dow Jones Industrial Average inclined 0.3% in premarket activity. The Nasdaq and S&P 500 finished Monday trading with new closing highs for a second consecutive session, while the Dow ended in the red.White House Press Secretary Karoline Leavitt reportedly said Monday that President Donald Trump reviewed a new proposal from Iran to reopen the crucial Strait of Hormuz with national security officials, according to Bloomberg News. Trump has made his "red lines" extremely clear with respect to Iran and will address the matter "very soon," Leavitt said.Tehran recently submitted a proposal to reopen the Strait of Hormuz and delay talks on uranium enrichment, Axios reported, citing a US official and two other sources.West Texas Intermediate crude oil rose 3.5% to $99.73 a barrel before the opening bell, while Brent gained 2.8% to $111.28.The Fed's monetary policy committee is set to kick off its meeting on interest rates today, with a decision due tomorrow. Markets widely expect the central bank to keep its benchmark lending rate unchanged for a third consecutive meeting, according to the CME FedWatch tool.With the Federal Open Market Committee's decision unlikely to surprise, the market is expected to focus on the policy statement and post-meeting remarks of Chair Jerome Powell, said David Doyle, head of economics at Macquarie Group."Given that elevated oil prices have persisted for nearly two months now, future guidance may shift somewhat," he said in a Monday report e-mailed to. "This would be in contrast to March where there were limited changes made. Our view remains that the next policy move is likely to be a hike with the most likely timing in (the first half of 2027)."Treasury yields were trending upwards in premarket action, with the two-year rate advancing 1.9 basis points to 3.82% and the 10-year rate adding 1.8 basis points to 4.35%.Coca-Cola (KO), S&P Global (SPGI), Spotify Technology (SPOT), United Parcel Service (UPS), Sherwin-Williams (SHW), Hilton Worldwide (HLT) and General Motors (GM) are scheduled to release their latest financial results before the bell, among others. Visa (V), T-Mobile US (TMUS) and Starbucks (SBUX) post earnings after the markets close.Shares of Snap (SNAP) nudged down 0.2% pre-bell after the social media company finished the previous session with a 7.3% jump. Cadence Design Systems (CDNS) moved 0.4% lower as the computational software company announced its latest quarterly results. Oracle (ORCL) fell 5.5%.Tuesday's economic calendar has the Case-Shiller Home Price Index and the Federal Housing Finance Agency House Price Index, both for February, at 9 am ET. The consumer confidence report for April is out at 10 am, along with the Richmond Fed manufacturing index for the same month.Gold dropped 1.4% to $4,626 per troy ounce, while bitcoin ticked down 0.2% to $76,604.

Dow JonesNasdaq CompositeS&P 500$CDNS$GM$HLT$KO$ORCL$SBUX$SHW$SNAP$SPGI$SPOT$TMUS$UPS$V
Wire

General Motors Q1 Adjusted Earnings Rise, Revenue Declines; 2026 Adjusted Earnings Outlook Raised

General Motors (GM) reported Q1 adjusted earnings Tuesday of $3.70 per diluted share, up from $2.78 a year earlier.Analysts surveyed by FactSet expected $2.60.Revenue for the quarter ended March 31 was $43.62 billion, down from $44.02 billion a year earlier.Analysts polled by FactSet expected $43.51 billion.The company now expects 2026 adjusted EPS to be between $11.50 and $13.50, up from the prior outlook of $11 to $13. Analysts polled by FactSet expect $12.20.The company's board declared a quarterly cash dividend of $0.18 per share, payable June 18 to shareholders of record as of June 5.Shares of the company were up over 5% in Tuesday premarket activity.Price: $82.00, Change: $+4.04, Percent Change: +5.18%

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Wire

Lithium Americas Faces Key Year at Thacker Pass, Wedbush Says

Lithium Americas (LAC) is facing a defining execution year at Thacker Pass, which has evolved from a mining development project into a national security asset, Wedbush Securities said in a Monday note."We see FY26 as a key year for the Thacker Pass buildout with the favorable geopolitical backdrop for domestic lithium production," the report said.The note said construction momentum is building at the project and is fully funded through first production. It said Thacker Pass is underpinned among others by the world's largest known measured lithium resource, a $2.23 billion Department of Energy loan, and a GM joint venture with a 20-year offtake deal.Wedbush kept its neutral rating and $8 price target, saying that execution risk remains the primary overhang.Price: $5.06, Change: $+0.22, Percent Change: +4.44%

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Wire

MP Materials Becomes Stable Asset With US Government Backing, Multi-Year Contracts, Wedbush Says

MP Materials (MP) has raised its status from a speculative commodity investment subject to Chinese prices to a stable, US-backed asset with downside protection and contracts for years of growing demand, Wedbush said in a Monday note.The company has emerged as America's "rare earth national champion" with its ownership of Mountain Pass Mine in California, Wedbush analysts said.With China controlling about 60% of global mining and 90% of downstream processing and magnet manufacturing, supply independence for the critical materials become top priority amid tensions between the two superpowers, the analysts said.US government support, including a $400 million equity investment from the Department of Defense, a guaranteed 10-year price floor for Neodymium-praseodymium oxide, and guaranteed purchases of magnets, is expected to protect MP Materials against price crashes and Chinese oversupply risks, according to the note.Aside from the agency, Apple (AAPL) and General Motors (GM) are set to provide a steady stream of orders, and its facility in Northlake, Texas, is expected to be commissioned in 2028, the note said.These factors make MP Materials a "uniquely derisked" investment opportunity, the analysts said.Wedbush initiated coverage of the company's stock with a rating of outperform and a price target of $90.Price: $64.08, Change: $+3.09, Percent Change: +5.07%

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Sectors

Sector Update: Consumer Stocks Mixed Thursday Afternoon

Consumer stocks were mixed Thursday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) up 0.3% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.5%.In corporate news, PepsiCo (PEP) reported higher-than-expected fiscal Q1 results on Thursday amid affordability initiatives, while the company reiterated its full-year outlook. Shares rose 2.8%.Walmart (WMT) said Thursday it is making a "significant" investment across the US this year for remodels and opening new stores. Walmart shares added 0.3%.Sales of Tesla's (TSLA) Cybertruck were boosted by purchases from Elon Musk's other companies, Bloomberg reported, citing S&P Global Mobility registration data. Tesla declined 1%.General Motors (GM) and Ford (F) are among several companies that have held discussions with senior US defense officials about supporting increased weapons and military supplies production, the Wall Street Journal reported. GM shares were down 0.4%, and Ford fell 1.9%.

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