Core Insights - General Motors Company reported second-quarter adjusted earnings per share of $2.53, exceeding the analyst consensus estimate of $2.40, with quarterly sales reaching $47.12 billion, surpassing the expected $45.57 billion [1][3] Group 1: Financial Performance - The company affirmed its FY25 adjusted earnings per share guidance of $8.25-$10.00, compared to the analyst estimate of $9.17 [3] - General Motors plans to offset at least 30% of the $4 billion–$5 billion gross tariff impact [3] - Following the earnings announcement, General Motors shares increased by 6.9%, trading at $52.26 [3] Group 2: Market Position and Product Development - General Motors continues to lead the industry in full-size trucks and SUVs, with significant advancements in design and technology in new crossover SUVs like Chevrolet Trax, Buick Envista, and GMC Acadia, resulting in record demand and revenue growth [2] Group 3: Analyst Ratings and Price Targets - B of A Securities analyst John Murphy maintained a Buy rating on General Motors, lowering the price target from $65 to $62 [8] - Wells Fargo analyst Colin Langan maintained an Underweight rating, raising the price target from $34 to $38 [8] - Citigroup analyst Michael Ward maintained a Buy rating and raised the price target from $59 to $61 [8]
These Analysts Revise Their Forecasts On General Motors After Q2 Results