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General Motors Company
S&P 500
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$82.2B
Market Cap
24.9
P/E
0.65
PEG
6.0%
ROCE
4.3%
ROE
2.08
D/E
6.2%
OPM
-5.0%
% from 52W High
80
α RS
🔍 GM is showing a high-conviction setup because it matches 5 of 39 tracked screener presets, RS Rating is 80, and it's within 5% of its 52-week high. The main caution: rising_margins's Backtest win rate is only 47.4%. Net: Mixed signal stack, not a recommendation. ? Conviction RS Rating 52W High Backtest
Sources
Conviction 5/39 · RS Rating 80 · 5% from 52W high · Backtest win rate 47.4%
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🌏 Global Investor Returns
Currency-adjusted total returns for GM including FX impact
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📈 Price History
Ratio Health
Excellent
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Average
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By Category
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About

General Motors Company designs, builds, and sells trucks, crossovers, cars, and automobile parts worldwide. It operates through GM North America, GM International, and GM Financial segments. The company markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Baojun, and Wuling brand names. In addition, it sells trucks, crossovers, cars, and automobile parts through retail dealers, distributors and dealers, as well as to fleet customers, including daily rental car companies, commercial fleet customers, leasing companies, and governments. Further, the company offers various range of after-sale services through dealer network, such as maintenance, light repairs, collision repairs, vehicle accessories, and extended service warranties. Additionally, it provides automotive financing; and software-enabled services and subscriptions. General Motors Company was founded in 1908 and is based in Detroit, Michigan.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding GM
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Manager Shares Value % of Fund Period
Andreas Halvorsen Viking Global Investors 9.18M $683.7M 1.91% Mar 2026
Jim Simons Renaissance Technologies LLC 913.3K $68.0M 0.11% Mar 2026
Steve Cohen Point72 Asset Management 698.8K $52.1M 0.07% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Good quarter Investor Presentation One-Pager? Q2 2026
Revenue
$48.0B
+1.9% YoY
EBIT (adjusted)
$3.9B
+29.8% YoY
Operating Margin (EBIT-adjusted)
8.2%
+1.8pp YoY
Net Income
$1.3B
-31.1% YoY
What Went Right
  • GMNA EBIT-adjusted jumped 42.7% to $3.4B, with margin up 2.5pp to 8.6% — back inside the 8%-10% target despite tariffs.
  • Full-size pickup share in the U.S. exceeded 42% in H1, more than 10 points above the closest competitor, with record fleet deliveries.
  • Adjusted automotive free cash flow nearly doubled to $5.0B in Q2, helping fund $2B of buybacks and 25M shares retired.
  • Full-year 2026 guidance raised again: EBIT-adjusted $14B-$16B, EPS-adjusted $12-$14, adjusted FCF $9.5B-$11.5B.
What to Watch
  • EV restructuring charges continued: $2.3B recorded in Q2, taking cumulative charges since H2 2025 to $10.9B, with $7.2B expected cash impact.
  • Gross tariff costs are still expected at $2.5B-$3.5B for the full year, with Q3/Q4 each around $900M.
  • Commodity inflation, logistics and higher DRAM costs are a $1.5B-$2B full-year headwind; Middle East shipping disruptions pressured GM International.
  • Q4 new-truck launch brings higher launch costs and an estimated 35,000-unit year-over-year wholesale headwind.
Management Guidance
  • FY2026 EBIT-adjusted raised to $14.0B-$16.0B from $13.5B-$15.5B.
  • FY2026 EPS-diluted-adjusted raised to $12.00-$14.00 from $11.50-$13.50.
  • FY2026 adjusted automotive free cash flow raised to $9.5B-$11.5B from $9.0B-$11.0B.
  • FY2026 net income attributable to stockholders expected at $8.4B-$9.8B; quarterly dividend of $0.18/share declared.
Investor Lens
The thesis is stronger after this call: GM delivered a ~30% EBIT-adjusted jump, restored GMNA margins to the 8%-10% target, and raised full-year guidance for a second time despite tariffs and major EV restructuring. Management says the material EV cash charges are now largely complete, which clears a path to 2027 where it expects revenue, margins, EBIT and FCF to all grow. Commodity inflation, Middle East disruption and Q4 launch costs are real near-term cautions, but they are offset by a strong truck cycle, software revenue growth and defense/insurance optionality. The net income decline is largely driven by restructuring charges, not core operating deterioration.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Strong quarter: EBIT-adjusted +29.8% to $3.9B; full-year guidance raised.
Revenue
Q2 revenue rose 1.9% year-over-year to $48.0B, helped by higher ICE wholesale volumes in North America and South America, partly offset by lower EV volumes. Fleet sales were the best first half in more than five years, including record full-size pickup fleet deliveries.
Profitability
EBIT-adjusted increased 29.8% to $3.9B, while EPS-diluted-adjusted rose 41.3% to $3.57. Net income attributable to stockholders fell 31.1% to $1.3B, mainly due to $2.3B of incremental EV restructuring charges in the quarter.
Margins
EBIT-adjusted margin expanded 1.8pp year-over-year to 8.2%, with GMNA margin up 2.5pp to 8.6%. Pricing strength, lower EV losses and warranty/emissions tailwinds more than offset commodity inflation, higher DRAM/logistics costs and onshoring expenses.
Balance Sheet
GM ended Q2 with automotive cash of $19.7B and U.S. dealer inventory of 511,000 units, about 55 days of supply. Q2 adjusted automotive free cash flow was $5.0B, up $2.2B year-over-year, and GM repurchased $2B of shares, retiring ~25 million shares.
Key Risks
Management flagged full-year gross tariff costs of $2.5B-$3.5B, commodity/logistics/DRAM inflation of $1.5B-$2B, and continued Middle East shipping disruptions. The Q4 full-size truck launch adds launch costs and a roughly 35,000-unit year-over-year wholesale volume headwind.
Outlook
GM raised FY2026 EBIT-adjusted to $14B-$16B, EPS-diluted-adjusted to $12-$14, and adjusted automotive FCF to $9.5B-$11.5B. Management expects 2027 revenue, margins, EBIT and FCF to grow, supported by the new Silverado/Sierra launch, full-size SUV capacity increases, OnStar/software revenue growth and further EV loss improvement.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-21
Raised 2026 guidance on strong Q2 results, with revenue and margins up year-over-year. North America led with robust pickup and SUV demand, while software, defense, and insurance businesses are scaling. Onshoring, cost discipline, and digital growth support continued margin expansion.
Q1 2026 Q1 2026 2026-04-28
Q1 EBIT adjusted margin reached 10.1% (8.6% net of tariff adjustment), with strong North American and digital services performance. Full-year EBIT adjusted guidance was raised to $13.5B–$15.5B, while cost pressures from the Iran conflict and commodity inflation are being actively managed.
Q4 2025 Q4 2025 2026-01-27
Delivered strong 2025 results with EBIT adjusted at the high end of guidance, robust cash flow, and a 54% total return. 2026 guidance targets higher EBIT, margin recovery, and continued capital returns, with disciplined cost management and growth in software and services revenue.
Q3 2025 Q3 2025 2025-10-21
Q3 saw strong U.S. market share, robust margins, and profitable China operations, prompting raised 2025 guidance. Strategic actions included EV capacity adjustments, a $1.6B special charge, and disciplined capital allocation, with continued focus on cost control and software growth.
Q2 2025 Q2 2025 2025-07-22
Q2 results showed strong operating performance, record H1 revenue, and market share gains, despite a $1.1B tariff headwind and higher warranty costs. Full-year guidance remains unchanged, with ongoing investments in U.S. manufacturing, battery innovation, and disciplined capital allocation.
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

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