General Motors Company
The Detroit icon is pressing the accelerator, from factory expansions to pricing power on the showroom floor.
General Motors will report third-quarter results on Oct. 21 before the market opens.
Wedbush analyst Daniel Ives reiterated the stock's Outperform rating and price forecast of $65.
Ives expects a solid quarter, calling for about $45 billion in revenue and noting that recent delivery trends make that target realistic.
Momentum Builds Broadly
He points to double-digit year-to-date delivery gains across both EV and internal-combustion models, with broad-based brand strength and firm pricing supporting the top line.
He adds that EV deliveries rose 8% year over year to 66,501, as many buyers moved to secure the $7,500 federal tax credit.
Ives says that pull-forward demand-driven by concerns over potential credit restrictions-should continue to bolster results.
Tariff Headwinds Persist
Tariffs continue to pressure General Motors' sourcing and earnings, though the company is managing the challenge.
The analyst estimated tariff costs of $4 billion to $5 billion this year, weighing on EBIT and free cash flow. Last quarter, tariffs delivered a $1.1 billion net hit, with limited mitigation so far.
He said manufacturing adjustments and cost initiatives should provide clearer offsets later this year. Ives highlighted General Motors' $4 billion investment in U.S. plants in Michigan, Kansas and Tennessee to expand output. He added that this move helps counter tariff exposure while lifting production capacity.
Despite near-term tariff and EV headwinds, General Motors is navigating a complex backdrop, he said. Ives expects stable demand across the lineup and internal-combustion strength to drive deliveries into 2026.
The analyst projects the firm to deliver third-quarter revenues of $41.853 billion, and earnings per share of $2.26.
GM Price Action: General Motors shares were up 2.51% at $58.78 at the time of publication on Friday, according to Benzinga Pro data.
