Latest news with #BuickGL8
Yahoo
25-04-2025
- Automotive
- Yahoo
GM Q1 Earnings Preview: Should You Buy the Stock Before the Results?
General Motors GM is slated to release first-quarter 2025 results on April 29, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter's earnings and revenues is pegged at $2.66 per share and $42.37 billion, respectively. The consensus estimate for the to-be-reported quarter's earnings has moved north by 2 cents over the past seven days. The bottom-line projection indicates a modest year-over-year uptick of 1.5%. The Zacks Consensus Estimate for quarterly revenues, however, suggests a year-over-year decrease of 1.5%. For 2025, the Zacks Consensus Estimate for GM's revenues is pegged at $179.3 billion, implying a contraction of 4.3% year over year. The consensus mark for 2025 EPS is pegged at $11.21, implying growth of around 6% on a year-over-year basis. Image Source: Zacks Investment Research In the trailing four quarters, this U.S. legacy automaker surpassed earnings estimates on all occasions, with the average earnings surprise being 15.81%. General Motors Company price-eps-surprise | General Motors Company Quote Our proven model predicts an earnings beat for General Motors this time around as well. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. GM has an Earnings ESP of +7.40% and a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here. (See the Zacks Earnings Calendar to stay ahead of market-making news.) General Motors sold 693,363 units in the first quarter of 2025, up 17% year over year. It posted double-digit gains across its key brands— Chevrolet (up 13.7%), GMC (up 17.6%), Cadillac (17.8%) and Buick (39.3%). The company dominated the U.S. auto industry for the quarter, leading in total, retail and fleet sales. Meanwhile, GM's closest peer Ford F saw its sales drop 1.3% in the quarter ending March. GM's retail sales surged 15%, marking its best first-quarter since 2018. Electric vehicle (EV) sales were up 94% to 31,887 units, with General Motors being the #2 seller of EVs in the country, trailing only Tesla TSLA. In the quarter to be reported, General Motors delivered 442,000 vehicles in China, nearly flat year over year but down 26.3% sequentially. However, its new energy vehicle sales jumped 53.2% year over year. The Buick GL8 led the premium multi-purpose vehicle segment with 24,000 units sold, while the Wuling Hong Guang MINIEV retained its popularity. LaCrosse and Envision Plus models saw strong gains. Additionally, Chevrolet Tahoe deliveries began under GM's Durant Guild platform in March. Our estimate for wholesale vehicle sales volumes of the GMNA (General Motors North America) segment is 807,000 units, suggesting year-over-year growth of 1.9%. We project revenues from the GMNA segment to be $36.46 billion, implying an increase of 1%. Operating income from the unit is estimated at $3.9 billion, implying growth of 2%. On the flip side, we expect wholesale volumes from the GMI unit (excluding China JV) to be down roughly 2% in the quarter to be reported to 102,000 units. Our projections call for a contraction of 17% in revenues year over year. However, we expect operating income of $58.3 million against a loss of $10 million in the year-ago period. Year to date, shares of General Motors have declined 12%, outperforming the auto sector. It has also performed better than Tesla, whose shares have plunged 36% so far in 2025. Meanwhile, Ford has gained 1.6% in the same timeframe. Image Source: Zacks Investment Research From a valuation perspective, General Motors is trading relatively cheap. Going by its price/sales ratio, the company is trading at a forward sales multiple of 0.26, below the industry's 2.19. The company has a Value Score of A. Meanwhile, Tesla looks too pricey at a forward sales multiple of 7.6, whereas Ford's P/S of 0.24 is slightly lower than GM's. Image Source: Zacks Investment Research General Motors is the top-selling automaker in the United States. It is advancing well in its electrification journey. GM exited 2024 with several wins. Its EV portfolio became 'variable profit positive' in the last quarter of 2024, with 189,000 electric vehicles produced during the year and a goal to ramp up to 300,000 units in 2025. The company expects EV losses to shrink by $2 billion this year, reflecting growing operational efficiency and scale. Meanwhile, cost discipline has been another bright spot. GM met its $2 billion cost-cutting goal and is unlocking another $1 billion in annual savings after pulling back from robotaxi development. GM's China operations are starting to look more promising. Its restructuring efforts in the region are showing early signs of a turnaround, with the company aiming to return to profitability this year. Financially, GM remains sturdy. The automaker ended 2024 with $35.5 billion in automotive liquidity and returned $7.6 billion to shareholders via dividends and buybacks. A 25% dividend hike and a fresh $6 billion repurchase authorization (including a $2 billion ASR) fuel confidence. However, near-term headwinds remain. GM expects a slight dip in internal combustion engine vehicle volumes in North America and forecasts a 1-1.5% decline in vehicle pricing, which could weigh on margins. Also, macro uncertainties and tariff troubles could cloud the company's near-term prospects. GM looks like a solid long-term play. However, for new investors, it may be wise to stay on the sidelines until the company outlines how it plans to navigate ongoing tariff tensions and pricing pressure. So, instead of jumping to buy the stock ahead of results, it's better to exercise patience and wait for more clarity. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ford Motor Company (F) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Globe and Mail
25-04-2025
- Automotive
- Globe and Mail
GM Q1 Earnings Preview: Should You Buy the Stock Before the Results?
General Motors GM is slated to release first-quarter 2025 results on April 29, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter's earnings and revenues is pegged at $2.66 per share and $42.37 billion, respectively. The consensus estimate for the to-be-reported quarter's earnings has moved north by 2 cents over the past seven days. The bottom-line projection indicates a modest year-over-year uptick of 1.5%. The Zacks Consensus Estimate for quarterly revenues, however, suggests a year-over-year decrease of 1.5%. For 2025, the Zacks Consensus Estimate for GM's revenues is pegged at $179.3 billion, implying a contraction of 4.3% year over year. The consensus mark for 2025 EPS is pegged at $11.21, implying growth of around 6% on a year-over-year basis. In the trailing four quarters, this U.S. legacy automaker surpassed earnings estimates on all occasions, with the average earnings surprise being 15.81%. General Motors Company Price and EPS Surprise General Motors Company price-eps-surprise | General Motors Company Quote Q1 Earnings Whispers for GM Stock Our proven model predicts an earnings beat for General Motors this time around as well. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter. GM has an Earnings ESP of +7.40% and a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here. (See the Zacks Earnings Calendar to stay ahead of market-making news.) Factors Shaping General Motors' Q1 Results General Motors sold 693,363 units in the first quarter of 2025, up 17% year over year. It posted double-digit gains across its key brands— Chevrolet (up 13.7%), GMC (up 17.6%), Cadillac (17.8%) and Buick (39.3%). The company dominated the U.S. auto industry for the quarter, leading in total, retail and fleet sales. Meanwhile, GM's closest peer Ford F saw its sales drop 1.3% in the quarter ending March. GM's retail sales surged 15%, marking its best first-quarter since 2018. Electric vehicle (EV) sales were up 94% to 31,887 units, with General Motors being the #2 seller of EVs in the country, trailing only Tesla TSLA. In the quarter to be reported, General Motors delivered 442,000 vehicles in China, nearly flat year over year but down 26.3% sequentially. However, its new energy vehicle sales jumped 53.2% year over year. The Buick GL8 led the premium multi-purpose vehicle segment with 24,000 units sold, while the Wuling Hong Guang MINIEV retained its popularity. LaCrosse and Envision Plus models saw strong gains. Additionally, Chevrolet Tahoe deliveries began under GM's Durant Guild platform in March. Our estimate for wholesale vehicle sales volumes of the GMNA (General Motors North America) segment is 807,000 units, suggesting year-over-year growth of 1.9%. We project revenues from the GMNA segment to be $36.46 billion, implying an increase of 1%. Operating income from the unit is estimated at $3.9 billion, implying growth of 2%. On the flip side, we expect wholesale volumes from the GMI unit (excluding China JV) to be down roughly 2% in the quarter to be reported to 102,000 units. Our projections call for a contraction of 17% in revenues year over year. However, we expect operating income of $58.3 million against a loss of $10 million in the year-ago period. GM's Price Performance & Valuation Year to date, shares of General Motors have declined 12%, outperforming the auto sector. It has also performed better than Tesla, whose shares have plunged 36% so far in 2025. Meanwhile, Ford has gained 1.6% in the same timeframe. YTD Price Performance Comparison From a valuation perspective, General Motors is trading relatively cheap. Going by its price/sales ratio, the company is trading at a forward sales multiple of 0.26, below the industry's 2.19. The company has a Value Score of A. Meanwhile, Tesla looks too pricey at a forward sales multiple of 7.6, whereas Ford's P/S of 0.24 is slightly lower than GM's. GM's P/S Vs. F & TSLA How to Play General Motors Pre-Q1 Earnings General Motors is the top-selling automaker in the United States. It is advancing well in its electrification journey. GM exited 2024 with several wins. Its EV portfolio became 'variable profit positive' in the last quarter of 2024, with 189,000 electric vehicles produced during the year and a goal to ramp up to 300,000 units in 2025. The company expects EV losses to shrink by $2 billion this year, reflecting growing operational efficiency and scale. Meanwhile, cost discipline has been another bright spot. GM met its $2 billion cost-cutting goal and is unlocking another $1 billion in annual savings after pulling back from robotaxi development. GM's China operations are starting to look more promising. Its restructuring efforts in the region are showing early signs of a turnaround, with the company aiming to return to profitability this year. Financially, GM remains sturdy. The automaker ended 2024 with $35.5 billion in automotive liquidity and returned $7.6 billion to shareholders via dividends and buybacks. A 25% dividend hike and a fresh $6 billion repurchase authorization (including a $2 billion ASR) fuel confidence. However, near-term headwinds remain. GM expects a slight dip in internal combustion engine vehicle volumes in North America and forecasts a 1-1.5% decline in vehicle pricing, which could weigh on margins. Also, macro uncertainties and tariff troubles could cloud the company's near-term prospects. GM looks like a solid long-term play. However, for new investors, it may be wise to stay on the sidelines until the company outlines how it plans to navigate ongoing tariff tensions and pricing pressure. So, instead of jumping to buy the stock ahead of results, it's better to exercise patience and wait for more clarity. Only $1 to See All Zacks' Buys and Sells We're not kidding. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone. See Stocks Now >> Ford Motor Company (F): Free Stock Analysis Report General Motors Company (GM): Free Stock Analysis Report Tesla, Inc. (TSLA): Free Stock Analysis Report
Yahoo
17-02-2025
- Automotive
- Yahoo
General Motors to close Shenyang facility in China
General Motors (GM) is set to close its plant in the northeastern of Shenyang, China as part of wider restructuring efforts in the Asian country, reported Reuters citing a company source. The Shenyang facility, which manufactures Buick GL8 minivans and the Chevrolet Tracker SUV, is expected to cease operations this month. The decision comes as GM faces intense competition from domestic manufacturers in China, who have gained market dominance with the support of government subsidies. At an automotive conference in New York, US, GM CEO Mary Barra was cited by the news agency as saying that GM will focus on 'Cadillac, Buick, and its premium import business' in China. GM has partnership with SAIC Motors to manufacture Buick, Chevrolet, and Cadillac vehicles in China. In the Q4 2024, GM reported restructuring charges in China, amounting to $4bn, which included costs associated with plant closures. The company posted a loss of $2.96bn in Q4 2024, a stark contrast to the $2.1bn profit reported in the same period the previous year. The automotive giant has been hit by over $5bn in special charges, primarily due to non-cash restructuring charges and impairment of interests in certain Chinese joint ventures. Additionally, charges related to the discontinuation of funding for the Cruise robotaxi business have also impacted GM's net income. Recently , GM completed the acquisition of Cruise, an autonomous vehicle company, to pivot towards developing autonomous technology for personal vehicles instead of robotaxis. The US automaker plans to integrate Cruise's technology into its Super Cruise system, which enables hands-free driving across 750,000 miles of roads in North America and is available in over 20 GM vehicle models. "General Motors to close Shenyang facility in China – report" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
16-02-2025
- Automotive
- Yahoo
GM closing plant in China as part of restructuring
By Kalea Hall DETROIT (Reuters) - General Motors is closing a plant this month in the northeastern Chinese city of Shenyang as part of the U.S. automaker's restructuring in China, according to a company source. The plant makes Buick GL8 minivans and the Chevrolet Tracker SUV for the China market. The source who confirmed the plant closure spoke on condition of anonymity. GM is restructuring its business in China, where domestic manufacturers backed by government subsidies have taken over the market. In the fourth quarter, the Detroit automaker reported $4 billion in restructuring charges in China, which included plant closures. GM reported positive equity income in China in the fourth quarter before restructuring costs. At an automotive conference in New York last week, GM CEO Mary Barra said the automaker's future in China, the world's largest auto market, would focus on Cadillac, Buick and its premium import business. "Those are vehicles that are very desirable for certain Chinese consumers, that we can bring in and have a very successful business," Barra said. GM partners with SAIC Motors to build Buick, Chevrolet and Cadillac vehicles in China. (Kalea Hall reporting in Detroit; Editing by Will Dunham) Sign in to access your portfolio
Reuters
14-02-2025
- Automotive
- Reuters
GM closing plant in China as part of restructuring
DETROIT, Feb 14 (Reuters) - General Motors (GM.N), opens new tab is closing a plant this month in the northeastern Chinese city of Shenyang as part of the U.S. automaker's restructuring in China, according to a company source. The plant makes Buick GL8 minivans and the Chevrolet Tracker SUV for the China market. The source who confirmed the plant closure spoke on condition of anonymity. GM is restructuring its business in China, where domestic manufacturers backed by government subsidies have taken over the market. In the fourth quarter, the Detroit automaker reported $4 billion in restructuring charges in China, which included plant closures. GM reported positive equity income in China in the fourth quarter before restructuring costs. At an automotive conference in New York last week, GM CEO Mary Barra said the automaker's future in China, the world's largest auto market, would focus on Cadillac, Buick and its premium import business. "Those are vehicles that are very desirable for certain Chinese consumers, that we can bring in and have a very successful business," Barra said. GM partners with SAIC Motors to build Buick, Chevrolet and Cadillac vehicles in China.
