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General Motors Company (GM)

NYSE - Nasdaq Real-time price. Currency in USD
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32.21+0.45 (+1.42%)
At close: 04:00PM EDT
32.18 -0.03 (-0.10%)
After hours: 07:59PM EDT
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  • J
    John
    You have to Love how media news and business all jumping over the GM news. Yet, none of the headlines show they beat the Analysts number outsold Toyota. Look like another low volume day even with all the media negative headlines. "j"
  • J
    John
    Why are carmakers trading at such depressed valuations?

    Yes, we‘re headed into a recession. But we never before headed into a recession with such a car deficit.

    Plus, $GM has Cruise. Volkswagen will spin off Porsche in Q4. … and the sticks trade at 3x earnings. "j
  • J
    John
    Looks like some of the large trades in GM was from GM insiders with the size of the 4 pm close.
    06/30/2022 16:00:02 EDT 6 31.76 2,409,323 NYSE again better than 12% of all trading in GM. "j"
  • A
    Andy
    A very happy birthday to Jeye and many more!
  • J
    Jim
    If we do away with fossil fuels, How could we possibly make enough electricity to charge 300 million cars every night. California can't produce enough electricity now to keep everyone cool each summer.
  • G
    Gator
    I would have thought it would have went up more than 1.3%

    Update: General Motors Reaffirms 2022 Guidance; Shares Rise
    BY MT Newswires
    — 10:00 AM ET 07/01/2022

    10:00 AM EDT, 07/01/2022 (MT Newswires) -- (Story updated with stock price movement and production update)

    General Motors Co. (GM) on Friday reaffirmed its full-year 2022 guidance for adjusted EPS of between $6.50 and $7.50.

    That compares with the Capital IQ consensus for earnings of $6.99 per share.

    The automaker also said it expects net income of between $9.6 billion and $11.2 billion, EBIT-adjusted guidance of between $13 billion and $15 billion, and diluted EPS of between $5.76 and $6.76.

    For Q2 the automaker sees net income of $1.6 billion to $1.9 billion.

    The company confirmed in a regulatory filing that its vehicle wholesale volumes in Q2 were affected by the timing of certain semiconductor shipments and other supply chain issues, leading to nearly 95,000 vehicles in its inventory that were manufactured without certain components as of June 30. The company expects to complete and sell substantially all such vehicles to dealers before the end of 2022.
  • H
    HotSun
    Electric vehicle sales were more than 7,300 units, including some of the first deliveries of the BrightDrop Zevo 600 and GMC Hummer EV Pickup, as well as the resumption of Chevrolet Bolt EV and Bolt EUV production.

    Cadillac Lyriq production is accelerating, with initial deliveries in process.
  • C
    Chris
    You have to love the stock market these days. 15% down sales warning of slower growth and stock goes up
  • y
    yoshim
    For the full year, we reaffirm our net income guidance range of between $9.6 billion and $11.2 billion, EBIT-adjusted guidance range of between $13.0
    billion and $15.0 billion, EPS-diluted guidance range of between $5.76 and $6.76, EPS-diluted-adjusted guidance range of between $6.50 and $7.50,
    automotive net cash provided by operating activities guidance range of between $16.0 billion and $19.0 billion, and adjusted automotive free cash flow
    guidance range of between $7.0 billion and $9.0 billion, and also continue to expect a year-over-year wholesale volume increase of 25%-30% and GMNA
    EBIT-adjusted margins of 10%.
  • S
    Stuart
    Corp comms has suggested to Mary that for the Q2 earnings release they will work in the phrase 'cautiously optimistic' for H2 of 2022.
  • J
    John
    Nice print for $GM Size: 140179 Price: 32.59 Amount: $4,568,433.61 Time: 9:30 AM "j"
  • Y
    Yasu
    So the Lyriq was hyped 18 months ago during the superbowl and now that it's finally out : crickets? The Tesla 'EV-Hype' model seems to be failing for everything EV. Can't wait for this market to rotate back to earnings based valuations. Netflix was 'first', many to follow. Note this will help GM stock, assuming they get back to DELIVERING exciting new vehicles that show up in the bottom line and no more HYPE.
  • J
    John
    Now number one in America for the year GM way to go.
    GM, which lost its crown as the U.S. sales leader last year for the first time since 1931 to Toyota, said it sold 582,401 vehicles in the quarter through June, 15% lower than a year earlier.

    Toyota, which has been one of the worst hit automakers this year from supply chain disruptions and China's COVID-19 lockdowns, sold 531,105 vehicles, down 22%.
    'Why did China COVID-19 lockdowns in China effect Toyota sales Here?
  • a
    a
    Average price of a new car is $40,000+ and we're heading into a recession with rising interest rates. Too many warning signs not just for GM but for the whole industry.
  • J
    John
    Despite the problems, the company maintained its guidance for the year.

    GM’s second-quarter sales were slightly better than expectations of auto analysts, who had forecast a 16% to 17% decline. Compared to the first quarter, GM’s sales of 582,401 vehicles were up by 14%, showing an improvement in the automaker’s production and supply of vehicles.

    “We appreciate the patience and loyalty of our dealers and customers as we strive to meet significant pent-up demand for our products, and we will work with our suppliers and manufacturing and logistics teams to deliver all the units held at our plants as quickly as possible,” GM North America President Steve Carlisle said in a release. 'j'
  • J
    John
    Look for another trade in GM after hour trading.
    After Hours: $31.79 0.03 | 0.09%07:59 PM EDT Volume: 566,247 "j"
  • N
    NEWpoleonNot2bright
    Where's my dividend? I need diaper money.
  • S
    Stuart
    This CEO has a hard time being upfront. For too many quarters, Mary has said that the chip problem was improving. Either her staff are feeding her a line or she is feeding us a line. And, maybe it's both.
  • r
    rob s
    GM, blows up shareholders with BK, delivers products with cheap plastic and loose parts, offers batteries that catch fire, and engines that cannot last 5 yrs. I just purchased a Honda and we are buying out our Toyota after a 5yr lease.
  • S
    Stuart
    Maybe it's time to retire so someone without a 40 year history can really drive change (rapidly)