Key Stats for General Motors Stock
- 52-Week Range: $51.69 to $87.62
- Current Price: $87.04
- Street Mean Target: $98.31
- NTM P/E: 6.5x
- LTM Gross Margin: 10.2%
- LTM Net Debt: $104 billion
- Market Cap: $76.4 billion
What the Bears Got Wrong About GM in 2026
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General Motors (GM) has spent much of the past year being written off as a tariff casualty, an EV also-ran, and a business in structural decline.
The Q2 2026 results made a quiet case against all three of those narratives. Revenue came in at $47.97 billion, up 4.4% year-over-year, and adjusted EPS landed at $2.85 for the quarter. More importantly, management raised full-year guidance, now expecting adjusted EPS of $10 to $10.50 and adjusted EBIT of $13.7 to $14.2 billion.
Tariff headwinds were absorbed through a combination of pricing actions, cost reductions, and supply chain adjustments rather than passed entirely to consumers. The EPS chart below shows how earnings have evolved over the past several years and where the Street expects them to go from here.
EPS held in a range of $7 to $8 from 2021 through 2023 before jumping to $10.60 in 2024 and holding there in 2025.
Consensus now projects a meaningful step up to around $13.28 in 2026, rising toward $15.57 by 2028 before softening somewhat in the outer years.
Most of that earnings growth is being driven by buybacks and cost discipline rather than top-line expansion.
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The Profit Engine Most Investors Are Ignoring
The bull case for GM is not complicated, and at 6.5 times forward earnings, the stock is pricing in a level of pessimism that the actual results do not support.
North America remains a formidable profit engine, truck and SUV demand has stayed resilient, and GM Financial continues to generate steady income. The share count has been declining steadily as the company buys back stock, which is a meaningful driver of EPS growth even when revenue is flat.
Revenue has been essentially range-bound between $185 billion and $190 billion, and consensus expects it to stay that way, with modest growth toward $200 billion by 2030.
The bear case is also real. GM carries $104 billion in net debt, the EV transition remains expensive and uncertain, and Cruise, the autonomous vehicle unit, is still burning cash.
The outer-year EPS estimates on the chart show consensus actually expects earnings to peak around 2028 and drift lower, which raises legitimate questions about the durability of the current profit cycle.
Automakers are cyclical businesses, and the multiple reflects that.
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What Analysts Think the Stock Is Worth
With no TIKR valuation model available for GM, the Street Targets table is the clearest lens on where analysts think fair value sits.
The mean target has moved from $53.85 a year ago to $98.31 today, closely tracking the stock’s rally from the low $50s.
The median target is around $100, the high is $132, and 14 of 26 analysts currently have a buy rating, with 7 more at outperform.
Only 2 have negative ratings. At current prices, the consensus implies around 13% upside to the mean target, with a notably bullish skew in the distribution.
Should You Buy General Motors Stock?
GM is a genuine value stock in a market where genuine value stocks are hard to find. The combination of a 6.5x forward multiple, a management team that just raised guidance, and a Street that has turned overwhelmingly bullish makes a straightforward case for the shares.
The risks are real and worth sitting with. Net debt of $104 billion leaves little room for error in a downturn, the EV transition is still an open question, and the consensus EPS trajectory suggests earnings may plateau before the decade is out.
For investors who believe GM can sustain earnings near current levels and continue buying back stock, the discount looks excessive. For those concerned about the cycle turning, the multiple reflects exactly what they fear.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
