La catena delle opzioni mostra i dati chiave delle opzioni azionarie di General Motors a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per General Motors..

General Motors (NYSE:GM) Azioni, Catena delle Opzioni

General Motors

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.

General Motors Co

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Detroit-based automaker General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) said on Monday that it surpassed selling its 300,000th electric vehicle in the U.S. since 2016 in October. 
What Happened: &#8220;We have more great EVs coming soon, like Cadillac's OPTIQ and ESCALADE IQ, ensuring that when you're ready to make the switch to an all-electric vehicle, you won't have to compromise,&#8221; the company said in a statement. &#8220;GM has spent decades advancing EV technology.&#8221;
GM made a battery electric car as far back as late 90s called the EV1 but the program was eventually terminated in 2001. 
Tesla Inc CEO Elon Musk said in June 2023 that if General Motors had made more EV1s, they would have been the leaders in electric vehicles today. "But they didn't, so there was need for Tesla,&#8221; <a href="https://www.benzinga.com/news/23/06/32910764/general-motors-would-have-been-ev-leaders-if-they-made-more-ev1s-says-tesla-ceo-elon-musk">he said</a>.
According to data from automotive research company Kelley Blue Book, Tesla sold 471,374 EVs in the U.S. through the end of the third quarter, exceeding GM&#8217;s EV sales across nearly 8 years.
Why It Matters: In the third quarter, GM became the second best-seller of EVs in the U.S. after Tesla after selling over 32,000 EVs, with the Chevrolet Equinox EV accounting for a majority of the deliveries.
GM had the longest EV lineup in the U.S. among major players including Tesla in the quarter with eight EV models on sale. 
"We are on track to produce and wholesale approximately 200,000 EVs this year and reach variable profit positive in Q4. Our EV momentum is growing," company CFO&nbsp;Paul A Jacobson&nbsp;<a href="https://www.benzinga.com/markets/equities/24/10/41485013/gm-accelerates-its-ev-ambitions-after-a-strong-q3-in-us-powers-it-past-ford-aims-for-200k-wholes">said </a>during the company&#8217;s third-quarter earnings call last month. 
For the third quarter, GM reported better-than-expected<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41462946/general-motors-strong-q3-earnings-impress-analysts-highlights-turnaround-and-ev-pro" target="_blank" rel="noreferrer noopener"> results</a>.
GM's quarterly adjusted earnings per share of $2.96 beat the street view of $2.43. Quarterly sales of $48.757 billion also beat the analyst consensus estimate of $44.585 billion.
The company also raised 2024 adjusted EPS guidance from $9.50 – $10.50 to $10.00 – $10.50.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/news/24/11/41708446/tesla-shares-slide-in-pre-market-as-sales-of-elon-musk-led-companys-made-in-china-evs-drop-in-octobe">Tesla Shares Slide In Pre-Market As Sales Of Elon Musk-Led Company&#8217;s Made-In-China EVs Drop In October</a></li>
</ul>
Photo courtesy: GM

News

Tech

TSLA

GM Crosses 300K EV Deliveries In US Since 2016, But It's Still Over 40% Lower Than Tesla's Sales In The First 9 Months Of 2024

New battery electric vehicle (BEV) registrations in California rose 1% year-on-year to 293,109 units this year as of the end of September, according to data from the California New Car Dealers Association (CNCDA).
What Happened: As per the data, BEVs accounted for 22.2% of new vehicle registrations in California in the nine months, higher than the national BEV market share of 7.9%. 
In fact, California accounted for 32.1% of U.S. BEV registrations as of the end of September this year. 
Tesla Tops The Chart: Tesla Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) new vehicle registrations in the nine months, however, <a href="https://www.benzinga.com/news/24/04/38516918/california-love-fadin-for-tesla-ev-giants-registrations-plummet-as-rivian-mercedes-and-bmw-gain-grou">fell 12.6% </a>as compared to the corresponding period last year to 159,619 units. 
Tesla, however, continues to be the best-selling EV brand in the state, seconded by Hyundai which had 16,433 registrations in the period. 
Rival Player Performance: While General Motors&#8216; brand Chevrolet witnessed BEV registrations fall nearly 42% in the nine months through the end of September, its sister brand Cadillac saw registrations go up by a whopping 315%. 
Michigan-based Ford witnessed a 17% rise in EV registrations and <a href="https://www.benzinga.com/news/24/08/40219148/california-governor-gavin-newsom-slams-elon-musks-tesla-applauds-rivian-after-in-state-zero-emission">Califonia-based Rivian </a>a modest 35% rise to 9,049 units.
Best-Selling EVs: The Model Y was the best-selling EV in the state in the time frame, followed by the Model 3. Tesla&#8217;s Model X SUV and the Cybertruck also feature in the list of top ten best-selling EVs in the state, together with rival models such as the Ford Mustang Mach-E, Hyundai Ioniq 5, and BMW i4.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41645383/elon-musk-slams-zoox-co-founder-over-fsd-criticism-your-company-would-be-dead-already-if-not-for-ama">Elon Musk Slams Zoox Co-Founder Over FSD Criticism: Your Company &#8216;Would Be Dead Already&#8217; If Not For Amazon</a></li>
</ul>
Photo: Shutterstock

Markets

General

RIVN

Tesla Remains California's Top EV Choice Even As Registrations Drop: Cybertruck Among 10 Best-Selling EVs In Golden State

Financial giants have made a conspicuous bullish move on General Motors. Our analysis of options history for General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) revealed 8 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $103,759, and 6 were calls, valued at $442,030.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $52.5 for General Motors over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for General Motors's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of General Motors's whale activity within a strike price range from $40.0 to $52.5 in the last 30 days. 
<h3>General Motors Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730321134_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$12.3</td>
<td>$12.05</td>
<td>$12.3</td>
<td>$40.00</td>
<td>$123.0K</td>
<td>10.4K</td>
<td>100</td>
</tr>
<tr>
<td>GM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$10.65</td>
<td>$10.55</td>
<td>$10.55</td>
<td>$45.00</td>
<td>$99.1K</td>
<td>8.1K</td>
<td>98</td>
</tr>
<tr>
<td>GM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$10.65</td>
<td>$10.55</td>
<td>$10.55</td>
<td>$45.00</td>
<td>$69.6K</td>
<td>8.1K</td>
<td>164</td>
</tr>
<tr>
<td>GM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$0.56</td>
<td>$0.56</td>
<td>$0.56</td>
<td>$51.00</td>
<td>$66.4K</td>
<td>792</td>
<td>1.3K</td>
</tr>
<tr>
<td>GM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$5.7</td>
<td>$5.6</td>
<td>$5.7</td>
<td>$52.50</td>
<td>$63.2K</td>
<td>2.9K</td>
<td>112</td>
</tr>
</tbody>
</table>

<h3>About General Motors</h3>
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.
<h3>General Motors's Current Market Status</h3>
<ul>
<li>With a volume of 8,151,027, the price of GM is up 0.83% at $51.97. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 90 days.</li>
</ul>
<h3>Professional Analyst Ratings for General Motors</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $58.2.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from RBC Capital downgraded its action to Outperform with a price target of $54. 
&#x2A; Maintaining their stance, an analyst from Bernstein continues to hold a Market Perform rating for General Motors, targeting a price of $55. 
&#x2A; An analyst from UBS has decided to maintain their Buy rating on General Motors, which currently sits at a price target of $62. 
&#x2A; Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for General Motors, targeting a price of $65. 
&#x2A; Reflecting concerns, an analyst from Wedbush lowers its rating to Outperform with a new price target of $55.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for General Motors, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

This Is What Whales Are Betting On General Motors

Lithium Americas Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAC#NYSE">LAC</a>) shares are trading higher Tuesday after the company announced the closing of a $2.26 billion loan from the U.S. Department of Energy&#8217;s (DOE) Loan Programs Office under the Advanced Technology Vehicles Manufacturing Loan Program. Here&#8217;s <a href="https://www.benzinga.com/markets/equities/24/10/41360023/lithium-americas-shares-surge-as-gm-commits-625m-to-thacker-pass-project">what you need to know.</a>
What To Know: The DOE loan will fund the construction of processing facilities at the Thacker Pass Project in Humboldt County, Nevada. The loan will have fixed interest rates based on U.S. Treasury rates and will provide financial support for Phase 1 of Thacker Pass. Thacker Pass is expected to initially produce 40,000 tonnes of battery-grade lithium carbonate per year.
The loan will work in conjunction with an investment agreement announced on Oct.16 with General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), under which GM will acquire a 38% stake in Thacker Pass through a joint venture. The company&#8217;s total investment includes $430 million in cash funding for construction and a $195 million letter of credit facility to support reserve requirements under the DOE loan.
Lithium Americas CEO Jonathan Evans stated that the DOE loan "de-risks project financing" for Thacker Pass. He emphasized that the company aims to secure a domestic lithium supply chain, reducing dependence on foreign sources.
&#8220;We&#8217;re pleased to have the Department of Energy&#8217;s support to advance Thacker Pass to production and significantly improve domestic output of critical lithium supply to meet the growing domestic need,&#8221; Evans said.
Thacker Pass is currently the largest known lithium resource in North America. Phase 1 production is scheduled to begin in 2027, with full capacity targeted at 80,000 tonnes annually across two phases. Lithium Americas noted that lithium produced at Thacker Pass could supply lithium needs for up to 800,000 electric vehicles annually.
LAC Price Action: Lithium Americas shares were up 7.61% at $4.46 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1727794380964569"><img loading="lazy" decoding="async" width="1024" height="527" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/29144349/LAC-1024x527.png" alt="" class="wp-image-620196" style="width:416px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/29144349/LAC-1024x527.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/29144349/LAC-300x155.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/29144349/LAC-768x396.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/29144349/LAC.png 1165w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Image Via Shutterstock.

Movers

Lithium Americas Stock Is On The Rise Tuesday: What's Going On?

WIIM

STLA

Shares of auto stocks are trading lower. Weakness may be in possible sympathy with Ford, which fell after reporting Q3 earnings and issuing guidance.

The U.S. cruise industry is riding high as shares of Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>), Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>), and Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) rank among the S&amp;P 500&#8217;s <a href="https://www.benzinga.com/topic/cruise-lines">top 15 performers in October.</a>
As Royal Caribbean and Norwegian prepare to report earnings this week, investors are watching closely to see if strong booking trends and earnings beats can <a href="https://www.benzinga.com/insights/earnings/24/10/41577932/earnings-outlook-for-royal-caribbean-gr">sustain the sector's momentum.</a>
<h3 class="wp-block-heading">Strong October Performance For Cruise Stocks</h3>
Cruise line stocks have surged this month, benefitting from upward earnings revisions and renewed optimism around travel demand. Royal Caribbean and Norwegian shares have risen 14.5% and 16.3% month-to-date, respectively, while Carnival is up 18.6%. 
Royal Caribbean is scheduled to report its third-quarter earnings on Oct. 29 before the market opens, while Norwegian will release its results on Oct. 31, also ahead of the market open.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>Price Chg. % (MTD)</td>
</tr>
<tr>
<td>United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>)</td>
<td>34.48%</td>
</tr>
<tr>
<td>Raymond James Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>)</td>
<td>21.04%</td>
</tr>
<tr>
<td>Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>)</td>
<td>20.95%</td>
</tr>
<tr>
<td>Lamb Weston Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>)</td>
<td>20.04%</td>
</tr>
<tr>
<td>Carnival Corporation &amp; plc</td>
<td>18.59%</td>
</tr>
<tr>
<td>General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>)</td>
<td>17.85%</td>
</tr>
<tr>
<td>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>16.41%</td>
</tr>
<tr>
<td>Norwegian Cruise Line Holdings Ltd</td>
<td>16.31%</td>
</tr>
<tr>
<td>Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>)</td>
<td>15.97%</td>
</tr>
<tr>
<td>Snap-on Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNA#NYSE">SNA</a>)</td>
<td>15.10%</td>
</tr>
<tr>
<td>The Williams Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMB#NYSE">WMB</a>)</td>
<td>14.54%</td>
</tr>
<tr>
<td>Royal Caribbean Cruises Ltd.</td>
<td>14.53%</td>
</tr>
<tr>
<td>Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>)</td>
<td>14.25%</td>
</tr>
<tr>
<td>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)</td>
<td>13.92%</td>
</tr>
<tr>
<td>GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>)</td>
<td>13.75%</td>
</tr>
</tbody>
</table>
</figure>
Read Also: <a href="https://www.benzinga.com/news/24/10/41583892/why-carnival-stock-hit-a-new-52-week-high-today">Why Carnival Stock Hit A New 52-Week High Today</a>
<h3 class="wp-block-heading">Wall Street Expectations: Solid Growth Forecasted</h3>
Wall Street Analysts are forecasting substantial growth for both Royal Caribbean and Norwegian Cruise Line during the third quarter of 2024. 
Royal Caribbean is expected to report adjusted earnings per share (EPS) of $5.03 on revenue of $4.11 billion. If met, this would represent a 31% increase in EPS and 18% revenue growth from the same quarter of 2023, as per <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent102824&amp;t=be2bearmibe3na1">Benzinga Pro</a> data.
Norwegian Cruise Line is projected to report adjusted EPS of 94 cents and revenue of $2.77 billion. Meeting these estimates would imply a 24% EPS growth and 9% revenue increase year-over-year.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td></td>
<td>Earnings date</td>
<td>Adj. EPS</td>
<td>GAAP Revenue</td>
</tr>
<tr>
<td>Royal Caribbean Cruises Ltd.</td>
<td>Oct. 29, BMO</td>
<td>5.03</td>
<td>$4.11 billion </td>
</tr>
<tr>
<td>Norwegian Cruise Line Holdings Ltd. </td>
<td>Oct. 31, BMO</td>
<td>0.94</td>
<td>$2.77 billion</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Data: Benzinga Pro</figcaption></figure>
<h3 class="wp-block-heading">Bank Of America Expects A Double Beat, But Caution Is Needed</h3>
&#8220;Carnival was very constructive on booking trends when the company reported in September, and we expect Royal Caribbean and Norwegian to echo this commentary into 2025,&#8221; Bank of America analyst Andrew Didora wrote in a note published Monday.
Didora raised his 12-month price target for Royal Caribbean from $172 to $205 and for Norwegian from $23 to $25, citing "continued healthy yield trends and steady macro trends." 
However, he maintains a &#8220;Neutral&#8221; rating on both stocks, suggesting that while there's momentum, valuations are reaching stretched levels.
Royal Caribbean is currently trading at nearly 12x its projected 2025 EBITDA, a level last seen in 2017. Norwegian trades at around 9.5x its 2025 EBITDA, in line with its historical average.
The expert also explained that while the cruise sector has had strong tailwinds in 2024, some minor headwinds could impact near-term guidance. 
Hurricane Milton, which caused Royal Caribbean's Icon of the Seas sailing to be canceled, may slightly affect fourth-quarter revenues.
Norwegian, which only has about 8% of its Q4 capacity deployed in the Caribbean, is also expected to experience minimal disruption from the hurricane.
According to analysts, the effects of Hurricane Milton are unlikely to significantly alter the positive outlook for either company.
Speculation around potential share buybacks has added another layer of interest among investors. Royal Caribbean, in particular, may be considering a buyback as part of its capital allocation strategy. 
Bank of America has raised Royal Caribbean&#8217;s 2024 EPS estimate slightly from $11.52 to $11.58, stating that this &#8220;could pave the way for a buyback on this earnings call.&#8221;
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Cruise Lines Among S&P 500's Top October Performers: Can Royal Caribbean, Norwegian Earnings Sustain The Momentum?

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With the presidential election just two weeks away, investor risk appetite is taking a pause, resulting in a broadly flat week for Wall Street. Election uncertainty continues to loom large among investors as concerns persist over fiscal policies and potential trade <a href="https://www.benzinga.com/news/global/24/10/41545408/tariffs-are-inflationary-imf-deputy-chief-rejects-trumps-trade-policies-as-elections-loom">disruptions due to tariffs.</a>
Treasury yields rose further during the week, reflecting growing expectations that regardless of the election outcome, the next administration may struggle to enact stricter fiscal measures.
Adding to the cautious mood, the International Monetary Fund issued warnings on the long-term trajectory <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41495286/deficit-strain-in-washington-will-get-worse-imf-warns-national-debt-projections-rev">of U.S. national debt. </a>&nbsp;
The S&amp;P 500, as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), endured three consecutive losing sessions before rebounding slightly to end the week, as strong earnings reinforced the view that corporate America remains resilient.
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Looking ahead, the spotlight turns to next week's earnings from five of the Magnificent Seven: Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) — as well as official October labor market statistics.
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Investors Cautious With Election Ahead, Treasury Yields Surge Further, Tesla Surprises: This Week In The Market

Financial giants have made a conspicuous bearish move on General Motors. Our analysis of options history for General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) revealed 17 unusual trades.
Delving into the details, we found 47% of traders were bullish, while 52% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $533,620, and 11 were calls, valued at $1,478,311.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $48.0 to $57.5 for General Motors over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in General Motors's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to General Motors's substantial trades, within a strike price spectrum from $48.0 to $57.5 over the preceding 30 days.
<h3>General Motors 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729875644_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$1.84</td>
<td>$1.78</td>
<td>$1.84</td>
<td>$52.50</td>
<td>$546.4K</td>
<td>3.1K</td>
<td>3.0K</td>
</tr>
<tr>
<td>GM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/01/24</td>
<td>$2.86</td>
<td>$2.86</td>
<td>$2.86</td>
<td>$50.00</td>
<td>$286.0K</td>
<td>7.4K</td>
<td>1.0K</td>
</tr>
<tr>
<td>GM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$1.98</td>
<td>$1.92</td>
<td>$1.92</td>
<td>$48.00</td>
<td>$192.0K</td>
<td>378</td>
<td>1.0K</td>
</tr>
<tr>
<td>GM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$7.35</td>
<td>$7.25</td>
<td>$7.35</td>
<td>$48.00</td>
<td>$178.6K</td>
<td>513</td>
<td>244</td>
</tr>
<tr>
<td>GM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.85</td>
<td>$3.8</td>
<td>$3.85</td>
<td>$55.00</td>
<td>$150.5K</td>
<td>1.4K</td>
<td>506</td>
</tr>
</tbody>
</table>

<h3>About General Motors</h3>
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.
Following our analysis of the options activities associated with General Motors, we pivot to a closer look at the company's own performance.
<h3>General Motors's Current Market Status</h3>
<ul>
<li>With a trading volume of 3,303,187, the price of GM is down by -0.44%, reaching $52.49.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 95 days from now.</li>
</ul>
<h3>What Analysts Are Saying About General Motors</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $58.4.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from JP Morgan has decided to maintain their Overweight rating on General Motors, which currently sits at a price target of $70. 
&#x2A; Consistent in their evaluation, an analyst from Wells Fargo keeps a Underweight rating on General Motors with a target price of $38. 
&#x2A; Maintaining their stance, an analyst from Wedbush continues to hold a Outperform rating for General Motors, targeting a price of $60. 
&#x2A; Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on General Motors with a target price of $70. 
&#x2A; In a cautious move, an analyst from RBC Capital downgraded its rating to Outperform, setting a price target of $54. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for General Motors, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

General Motors Options Trading: A Deep Dive into Market Sentiment

Highlighted on October 24, it was unveiled in an SEC filing that Barra, Chair &amp; CEO at General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), executed a significant transaction involving the exercise of company stock options.
What Happened: In an insider options sale disclosed in a Form 4 filing on Thursday with the <a href="https://www.sec.gov/Archives/edgar/data/0001467858/000146785824000118//Archives/edgar/data/1467858/000146785824000118/0001467858-24-000118-index.htm">U.S. Securities and Exchange Commission</a>, Barra, Chair &amp; CEO at General Motors, exercised stock options for 206,824 shares of GM. The transaction value amounted to $2,354,691.
The latest update on Friday morning shows General Motors shares up by 0.12%, trading at $52.78. At this price, Barra's 206,824 shares are worth $2,354,691.
<h3>About General Motors</h3>
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.
<h3>Financial Milestones: General Motors's Journey</h3>
Revenue Growth: General Motors's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 10.48%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Key Profitability Indicators:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 13.12%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): With an EPS below industry norms, General Motors exhibits below-average bottom-line performance with a current EPS of 2.71.
</li>
</ul>
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.8, caution is advised due to increased financial risk.
In-Depth Valuation Examination:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 5.63 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 0.34 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry averages at 6.05, General Motors could be considered undervalued.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
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<h3>Why Pay Attention to Insider Transactions</h3>
While insider transactions should not be the sole basis for making investment decisions, they can play a significant role in an investor's decision-making process.
In the context of legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as outlined by Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are obligated to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Despite insider sells not always signaling a bearish sentiment, they can be driven by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001467858">Check Out The Full List Of General Motors's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Trading Ideas

Chair & CEO At General Motors Exercises Options Worth $2.35M

Rory Harvey, Executive Vice President at General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), reported a large exercise of company stock options on October 24, according to a new SEC filing.
What Happened: A notable Form 4 filing on Thursday with the <a href="https://www.sec.gov/Archives/edgar/data/0001467858/000146785824000119//Archives/edgar/data/1467858/000146785824000119/0001467858-24-000119-index.htm">U.S. Securities and Exchange Commission</a> revealed that Harvey, Executive Vice President at General Motors, exercised stock options for 9,307 shares of GM, resulting in a transaction value of $114,732.
The Friday morning market activity shows General Motors shares up by 0.12%, trading at $52.78. This implies a total value of $114,732 for Harvey's 9,307 shares.
<h3>Discovering General Motors: A Closer Look</h3>
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.
<h3>General Motors: Delving into Financials</h3>
Revenue Growth: Over the 3 months period, General Motors showcased positive performance, achieving a revenue growth rate of 10.48% as of 30 September, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 13.12%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): General Motors's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of 2.71.
</li>
</ul>
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 1.8, caution is advised due to increased financial risk.
Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 5.63 is lower than the industry average, implying a discounted valuation for General Motors's stock.
</li>
<li>
Price to Sales (P/S) Ratio: The Price to Sales ratio is 0.34, which is lower than the industry average. This suggests a possible undervaluation based on sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio of 6.05 trails industry averages, indicating a potential disparity in market valuation that could be advantageous for investors.
</li>
</ul>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
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<h3>Unmasking the Significance of Insider Transactions</h3>
Considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>Deciphering Transaction Codes in Insider Filings</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001467858">Check Out The Full List Of General Motors's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Rory Harvey At General Motors Capitalizes: Options Exercised, Resulting In $114K

Bernstein analyst Adrian Yanoshik maintains General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) with a Market Perform and raises the price target from $53 to $55.

Price Target

Analyst Ratings

Bernstein Maintains Market Perform on General Motors, Raises Price Target to $55

General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) shares are trading higher by 7% to $53.40 since Monday&#8217;s open. The company this week reported a third-quarter <a href="https://www.benzinga.com/news/earnings/24/10/41451229/general-motors-q3-earnings-revenue-and-eps-beat-raises-annual-profit-outlook-on-growing-consumer-de">earnings beat</a> and raised its 2024 guidance.
What Happened: GM delivered quarterly adjusted EPS of $2.96, above the analyst consensus estimate of $2.43. This earnings beat reflects GM's efforts to improve profitability across its core business and <a href="https://www.benzinga.com/electric-vehicles">electric vehicle (EV)</a> initiatives.
In its third-quarter report, GM posted adjusted earnings before interest and taxes (EBIT) of $4.115 billion, up 15.5% year-over-year, with an improved EBIT margin of 8.4%, a 30 basis-point increase.
GM also recorded quarterly revenue of $48.757 billion, marking a 10.5% increase from the previous year and surpassing the Street's estimate of $44.585 billion. Despite the higher revenue and EBIT, net income margin dipped slightly to 6.3%, compared to 6.9% a year ago.
General Motors raised its 2024 adjusted EPS guidance from a range of $9.50-$10.50 to $10.00-$10.50, citing strong demand and pricing power, particularly in North America.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/10/41516441/southwest-airlines-beats-q3-street-expectations-secures-agreement-with-elliott-management-driven-bo">Southwest Airlines Beats Q3 Street Expectations, Secures Agreement With Elliott Management-Driven Board Overhaul</a>
According to CFO Paul Jacobson, the average transaction price per vehicle remained above $49,000 during the third quarter, reflecting steady consumer demand despite broader market concerns. GM's North American EBIT exceeded expectations, thanks to favorable pricing and a $400 million production pull forward.
However, challenges in China weighed on GM's international performance, while its financial arm, GM Financial, posted better-than-anticipated results. The company also reported lower-than-expected spending on its autonomous vehicle subsidiary, Cruise and on corporate expenses.
Analyst Color: BofA Securities analyst John Murphy <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41496025/general-motors-growth-potential-in-focus-amid-ev-transition-analyst-highlights-robu">reiterated a Buy rating on GM</a>, raising his price target to $85. Murphy was particularly encouraged by GM&#8217;s ability to navigate macroeconomic uncertainties while maintaining robust liquidity. 
GM ended the quarter with $23.7 billion in cash and equivalents, alongside $8.5 billion in marketable debt securities. The company also reported an adjusted automotive free cash flow of $5.834 billion, further bolstering its financial position.
Murphy believes GM's potential EBIT in 2025 could match 2024 levels, with flat performance from the ICE business. However, GM's EV segment could see a $2 billion to $4 billion improvement, potentially driving total EBIT to $16 billion to $17 billion. 
While Murphy's base case predicts EPS growth of around 10% to $11.45 by 2025, he acknowledges that with successful execution of share buybacks and operational improvements, EPS growth could surge between 20% and 30%.
In light of these factors, Murphy raised his 2024 EPS estimate for GM to $10.42 from $9.65 and his 2025 estimate to $11.45 from $10.25. He also emphasized GM's strong free cash flow generation and capacity for shareholder returns, including potential additional share buybacks.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/10/41515619/delivery-giant-ups-breaks-revenue-miss-streak-after-10-quarters-stock-soars">Delivery Giant UPS Breaks Revenue-Miss Streak After 10 Quarters, Stock Soars</a>
<h2 class="wp-block-heading">Is GM A Good Stock To Buy?</h2>
An investor or trader's decision to buy or sell a stock is unique to their time horizon and risk tolerance. Many typical investors evaluate earnings growth and valuation on a particular stock before making a decision. 
For example, for General Motors, you'll notice that earnings in its last quarter grew 21.81% <a href="https://www.benzinga.com/quote/GM/earnings">source</a>. As an investor, you'll want to decide whether that's better or worse than what you'd like to see among stocks in your portfolio. 
On the valuation side, General Motors's price to earnings ratio &#8211; a measure of how much an investor pays for the company's earnings &#8211; is grown 34.28% in the current quarter when compared with last year. That places it below similar businesses Tesla, Toyota Motor, Honda Motor Co in its sector. You'll need to decide whether that makes it more or less attractive based on how you think the company will perform over time.
There are many different valuation metrics that may help you make a decision. Find more on <a href="https://www.benzinga.com/quote/GM">General Motors's quote page</a>, or if you'd like a deeper dive in an advanced program, try <a href="https://pro.benzinga.com">Benzinga PRO</a> for free.
GM has a 52-week high of $54.29 and a 52-week low of $26.30.

Why General Motors (GM) Stock Is Up 7% This Week

With all eyes on Tesla Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) and its third quarter earnings that are scheduled for release after the bell, General Motors (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gm#NYSE">GM</a>) made quite an earnings appearance this week, smashing estimates and hiking its earnings guidance for the third time this year, fueled by the strength of trucks and crossovers in the U.S. market.
The unquestioned king of pickup trucks Ford Motor (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/f#NYSE">F</a>) is due to report it result on October 28th. But while General Motors continued to expand its EV lineup, Ford has been turning to hybrids to deal with mounting EV losses.
The last but not least of the Big Three in the U.S., Stellantis (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stla#NYSE">STLA</a>), might have started with layoffs earlier in October, which are part of its broader cost cuts, but this week, it revealed its plans to launch an EV fleet with game changing technology.&nbsp;
Everyone is adapting differently to the evolving automotive landscape.
Stellantis to launch EV fleet fitted with factorial solid-state batteries
By 2026, Stellantis will be launching a demonstration fleet of EVs fitted with solid-state batteries from U.S. startup Factorial. This battery technology reduces fire risk and enables automakers to make lighter and lower-cost EVs while improving their range on a single charge.&nbsp;By integrating Factorial&#39;s innovative battery solution into the STLA Large platform, Stellantis is validating its potential to enhance its EV lineup, improving the experience for its EV buyers. Batteries will be fitted in a fleet of all-new Dodge Charger Daytona vehicles, with the STLA Large platforms also supporting large-sized models of other group brands, such as Jeep, Chrysler, Alfa Romeo and Maserati.&nbsp;
Meanwhile, Worksport Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wksp#NASDAQ">WKSP</a>) continues to enhance the pickup experience with its innovative tonneau covers.
Established as an innovative&nbsp;U.S.-based manufacturer of hybrid and clean energy solutions for light trucks, Worksport&nbsp;just announced a targeted market release of its highly anticipated&nbsp;AL4 Premium Tonneau Cover has been scheduled for December 15th,&nbsp;with manufacturing of production-ready samples for testing and customer evaluation already in motion. With this launch, Worksports expects to further&nbsp;boost sales channels,&nbsp;improve profit margins, and enhance brand penetration considering that this is the&nbsp;highest-volume category of all hard tonneau covers in the&nbsp;$4 billion&nbsp;market. The initial offering will cover Ford Motor, Ram under the Stellantis umbrella and General Motors with Chevrolet and GMC brands, while the R&amp;D team works on developing variations to suit Toyota Motor (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tm#NYSE">TM</a>), Nissan Motor Co Ltd (OTC: <a class="ticker" href="https://www.benzinga.com/stock/nsany#OTC">NSANY</a>), and Honda Motor Co Ltd (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hmc#NYSE">HMC</a>).
Worksport already disrupted the market with its solar-power duo: the tonneau cover SOLIS and the&nbsp;portable battery system COR that are currently in the Alpha release phase.&nbsp;These portable&nbsp;nano-grid systems&nbsp;are set to revolutionize off-grid power solutions, bringing the pickup experience to a whole new level. In September, Worksport reported successful lab results of level 1 Tesla charging with the COR energy system, more precisely of the Model 3. Therefore, Worksport addressed range anxiety that has also been troubling owners of the Tesla Cybertruck, while already nearing completion of product engineering for its solar-powered ecosystem to fit the first electric pickup that has hit the road, the R1T from Rivian Automotive (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rivn#NASDAQ">RIVN</a>). In addition, Worksport also has an active partnership with Hyundai for the SOLIS that will also be available for General Motor and Ford pickups, among others.&nbsp;
Electric or powered by an internal combustion engine, pickups are as strong as it gets so no wonder their popularity is showing no signs of fading away even in the EV era that is changing the automotive industry for good.&nbsp;
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

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The Power Of Pickups Shows No Signs Of Fading Away Even In The EV Era

RBC Capital analyst Tom Narayan maintains General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) with a Outperform and raises the price target from $58 to $65.

RBC Capital Maintains Outperform on General Motors, Raises Price Target to $65

JP Morgan analyst Ryan Brinkman maintains General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) with a Overweight and raises the price target from $64 to $70.

JP Morgan Maintains Overweight on General Motors, Raises Price Target to $70

Across the recent three months, 14 analysts have shared their insights on General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), expressing a variety of opinions spanning from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated General Motors and provided 12-month price targets. The average target is $52.36, accompanied by a high estimate of $70.00 and a low estimate of $33.00. Marking an increase of 0.87%, the current average surpasses the previous average price target of $51.91. 
<img src="https://www.benzinga.com/files/images/story/2024/1729706412_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The analysis of recent analyst actions sheds light on the perception of General Motors by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Patrick Hummel</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$62.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Daniel Ives</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$60.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Colin Langan</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Underweight</td>
<td>$38.00</td>
<td>$33.00</td>
</tr>
<tr>
<td>Dan Levy</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$70.00</td>
<td>$64.00</td>
</tr>
<tr>
<td>Dan Levy</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$64.00</td>
<td>$60.00</td>
</tr>
<tr>
<td>Tom Narayan</td>
<td>RBC Capital</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$54.00</td>
<td>$54.00</td>
</tr>
<tr>
<td>Daniel Ives</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$55.00</td>
<td>$55.00</td>
</tr>
<tr>
<td>Mark Delaney</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$61.00</td>
<td>$53.00</td>
</tr>
<tr>
<td>Adam Jonas</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$42.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Daniel Roeska</td>
<td>Bernstein</td>
<td>Announces</td>
<td>Market Perform</td>
<td>$53.00</td>
<td>-</td>
</tr>
<tr>
<td>Colin Langan</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Underweight</td>
<td>$33.00</td>
<td>$34.00</td>
</tr>
<tr>
<td>Edison Yu</td>
<td>Deutsche Bank</td>
<td>Announces</td>
<td>Hold</td>
<td>$53.00</td>
<td>-</td>
</tr>
<tr>
<td>Tom Narayan</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$54.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>Anindya Das</td>
<td>Nomura</td>
<td>Announces</td>
<td>Reduce</td>
<td>$34.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to General Motors. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of General Motors compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of General Motors's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into General Motors's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/GM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on General Motors analyst ratings.</a>
<h2>Unveiling the Story Behind General Motors</h2>
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.
<h3>A Deep Dive into General Motors's Financials</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: General Motors displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 7.2%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Discretionary sector.
Net Margin: General Motors's net margin is impressive, surpassing industry averages. With a net margin of 6.09%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): General Motors's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 4.32%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.04%, the company showcases effective utilization of assets.
Debt Management: General Motors's debt-to-equity ratio surpasses industry norms, standing at 1.84. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Which Stocks Are Analysts Recommending Now?
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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