/General%20Motors%20Company%20%20phone%20on%20keyboard%20by-%20rafapress%20via%20Shutterstock.jpg)
Detroit, Michigan-headquartered General Motors Company (GM) designs, manufactures, and sells trucks, crossovers, cars, and auto parts, while also offering software-driven services and subscriptions globally. With a market cap of $52.8 billion, it is known for iconic brands like Chevrolet, Cadillac, and GMC.
Companies worth $10 billion or more are generally described as "large-cap stocks," and General Motors fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size and influence in the automobile manufacturing industry.
With over a century of history, the automotive giant continues to lead the future of mobility through innovative technology and sustainable transportation solutions. GM's dedication to an all-electric future is highlighted by its ambitious EV capacity goals and the cutting-edge Ultium platform.
Despite its strengths, the stock currently trades 8.3% below its 52-week high of $50.50, which it touched on July 18. GM stock has declined 2.8% over the past three months, underperforming the S&P 500 Index’s ($SPX) 3.5% gains during the same time frame.
In the longer term, shares of the auto manufacturer have surged 28.9% on a YTD basis and jumped 37.6% over the past 52 weeks, contrasting with SPX’s 18% rise on a YTD basis and 25.9% gain over the past year.
Despite recent volatility, GM has been trading above its 50-day moving average for the past few trading sessions and has remained above its 200-day moving average since mid-December.
GM’s strong momentum over the past year is driven by its above-industry growth in the EV sector, with models like the Cadillac LYRIQ, GMC Hummer EV, and Chevrolet Blazer EV generating significant buyer interest. Additionally, favorable pricing remains a key advantage for the company.
However, the company announced its Q2 earnings report on Jul. 23, and despite exceeding Wall Street expectations and raising its full-year guidance, its shares fell 6.4%.
General Motors' top competitor, Ford Motor Company (F), has significantly underperformed GM over the past year. Shares of Ford plunged 12.3% in 2024 and 15.4% over the past year, sharply contrasting GM's double-digit returns over the same time frames.
Analysts remain moderately bullish about GM’s prospects. The stock has a consensus “Moderate Buy” rating from the 22 analysts covering it, and its mean target of $55.98 suggests a premium of 20.9% from current price levels.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
