General Motors (GM)

• Market cap: $53.8B
• Sector: Consumer Discretionary
• Industry: Motor Vehicles & Passenger Car Bodies

About: General Motors Co. emerged from the bankruptcy of General Motors Corp. (old GM) in July 2009. GM has eight brands and operates under four segments: GM North America, GM International, Cruise, and GM Financial. The United States now has four brands instead of eight under old GM. The company regained its us market share leader crown in 2022, after losing it to Toyota due to the chip shortage in 2021. 2023's share was 16.5%. GM's Cruise autonomous vehicle arm has previously done driverless geofenced AV robotaxi services in San Francisco and other cities but stopped in late 2023 after an accident. It restarted service in 2024 but not in California. GM owns over 80% of Cruise. GM Financial became the company's captive finance arm in October 2010 via the purchase of AmeriCredit.

Employees: 163,000

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

37% more first-time investments, than exits

New positions opened: 145 | Existing positions closed: 106

3% more funds holding

Funds holding: 1,244 [Q1] → 1,283 (+39) [Q2]

5% less capital invested

Capital invested by funds: $46.2B [Q1] → $44.1B (-$2.12B) [Q2]

5.13% less ownership

Funds ownership: 88.34% [Q1] → 83.21% (-5.13%) [Q2]

14% less call options, than puts

Call options by funds: $2.62B | Put options by funds: $3.03B

18% less repeat investments, than reductions

Existing positions increased: 425 | Existing positions reduced: 517

31% less funds holding in top 10

Funds holding in top 10: 35 [Q1] → 24 (-11) [Q2]

Research analyst outlook

14 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $33 31% downside
• Avg. target: $50 4% upside
• High target: $64 34% upside

14 analyst ratings

• positive: 7 50%
• neutral: 3 21%
• negative: 4 29%

Barclays Dan Levy 44% 1-year accuracy 14 / 32 met price target	34% upside $64	Overweight Maintained	15 Oct 2024
RBC Capital Tom Narayan 53% 1-year accuracy 16 / 30 met price target	13% upside $54	Outperform Reiterated	9 Oct 2024
Wedbush Daniel Ives 65% 1-year accuracy 87 / 133 met price target	15% upside $55	Outperform Reiterated	9 Oct 2024
Goldman Sachs Mark Delaney 59% 1-year accuracy 16 / 27 met price target	27% upside $61	Buy Maintained	1 Oct 2024
Morgan Stanley Adam Jonas 41% 1-year accuracy 25 / 61 met price target	12% downside $42	Underweight Downgraded	25 Sept 2024