GM stock hits record high after Q4 beat, $6B buyback to $110

GM beats Q4 earnings estimates, unveils $6B share buyback as stock jumps 9%

  • General Motors reported stronger-than-expected Q4 profits and unveiled a $6 billion share buyback.
  • Q4 revenue was $45.29 billion, slightly below the $45.37 billion estimate and down 5.1% year-over-year.
  • Adjusted EPS beat estimates at $2.51 versus $2.28 expected; adjusted EBIT was $2.84 billion versus $2.77 billion estimated.
  • Paul Jacobson said improved profitability supports shareholder-friendly capital allocation and highlighted a double-digit free cash flow yield.
  • GM stock jumped 9% on Tuesday, trading near its 52-week high and above the 200-day moving average; some forecasts now see the stock rising to $110.

General Motors reported fourth-quarter results and announced a $6 billion share buyback, driving the stock to fresh highs after the report and a 9% one-day gain on Tuesday. The company said stronger profitability and cash flow enabled the buyback and supported shareholder returns. The move followed quarterly financials that mixed a slight revenue miss with earnings beats.

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For the quarter, General Motors posted revenue of $45.29 billion, compared with an estimate of $45.37 billion, representing a 5.1% decline from the prior year. The automaker reported adjusted earnings per share of $2.51, beating the $2.28 expectation, and adjusted EBIT of $2.84 billion versus $2.77 billion estimated.

GM announced a $6 billion stock repurchase plan alongside the results. Paul Jacobson, the company’s chief financial officer, said the quarter’s results improved cash flow and allowed the firm to return capital to shareholders. “[Q4 results] turn into the profitability that drives the cash flow engine. That allows us to continue to allocate capital in a way that’s friendly to shareholders,” he said, and he added, “We’re still one of the most valuable stocks out there in terms of free cash flow yield; we still have a double-digit free cash flow yield. We feel like the stock is undervalued.”

Last quarter, Mary Barra noted that MSRP tariff offsets announced by the White House helped raise profit guidance for the year. GM said its full-year tariff exposure totaled $3.1 billion, down from its prior projection range of $3.5 billion to $4.5 billion.

After the report, the stock traded near the top of its 52-week range and above its 200-day simple moving average. Analyst forecasts for 2026 were raised in some cases, with the highest target on Wall Street reaching $110, about a 26% rise from current levels.

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