Jim Cramer on General Motors: “CEO Mary Barra Has Been Doing a Remarkable Job”

Core Viewpoint - General Motors (GM) has shown significant improvement in its stock performance and operational metrics, driven by effective share buyback strategies and strong market positioning in the automotive sector [1][2]. Group 1: Share Buyback and Stock Performance - GM has reduced its share count by 40.1% since 2015, primarily by retiring shares issued during the financial crisis [1]. - The stock has increased over 50% year-to-date and is trading at its highest level since returning to public markets in 2010 [1]. - GM's current valuation is just under seven times next year's earnings estimates, indicating potential for further growth, especially with anticipated rate cuts from the Federal Reserve [1]. Group 2: Market Position and Product Performance - GM achieved its highest third-quarter market share in the U.S. since 2017, attributed to strong sales in full-size pickups and SUVs, as well as record crossover deliveries [2]. - Despite scaling back on electric vehicles, Chevrolet has become the number two EV brand in America [2]. - GM is beginning to see significant contributions from its self-driving technology (Super Cruise) and software services (OnStar), indicating a diversification of revenue streams [2].