Core Insights - General Motors (GM) reported first-quarter 2025 adjusted earnings of $2.78 per share, exceeding the Zacks Consensus Estimate of $2.69 and up from $2.62 in the same quarter last year [1] - Total revenues reached $44.02 billion, surpassing the Zacks Consensus Estimate of $42.5 billion and increasing from $43.01 billion year-over-year [1] Financial Performance - Adjusted earnings before interest and taxes (EBIT) for GM was $3.49 billion, down from $3.87 billion in the prior-year quarter [2] - GM's market share increased to 8.4% from 8.1% year-over-year [2] Segmental Performance - GM North America (GMNA) generated net revenues of $37.39 billion, up from $36.10 billion in the same period of 2024, with wholesale vehicle sales totaling 827,000 units, an increase from 792,000 units year-over-year [3] - GM International (GMI) reported net revenues of $2.43 billion, down from $3.08 billion in the prior year, with wholesale vehicle sales decreasing to 85,000 units from 104,000 units [4] - GM Financial's net revenues increased to $4.16 billion from $3.81 billion year-over-year, while adjusted EBIT was $685 million, down from $737 million [5] - GM Cruise recorded net revenues of $1 million, significantly lower than $25 million in the prior year, but the operating loss narrowed to $273 million from $442 million [6] Financial Position - As of March 31, 2025, GM had cash and cash equivalents of $20.57 billion and long-term automotive debt of $13.44 billion [6] - Net automotive cash provided by operating activities was $2.4 billion, with adjusted automotive free cash flow at $811 million, down from $1.09 billion year-over-year [6]
General Motors Q1 Earnings Surpass Estimates, Revenues Rise Y/Y