General Motors Company (GM) Stock Price & How to Invest

General Motors Company is a Detroit-based global automaker that designs, manufactures, and sells trucks, crossovers, cars, and automobile parts under the Chevrolet, GMC, Buick, and Cadillac brands, and provides automotive financing through its GM Financial arm. The overwhelming majority of its profit comes from North America, where full-size pickup trucks (the Chevrolet Silverado and GMC Sierra) and a broad lineup of crossovers and SUVs command strong pricing and margins. GM also operates through equity joint ventures in China, holds a portfolio of electric vehicles built on its Ultium battery platform, and had been developing autonomous-driving technology through Cruise before folding that effort into a leaner in-house driver-assistance program.

For 2025 GM reported net revenue of roughly $185 billion but net income attributable to stockholders of only about $2.7 billion, because the fourth quarter absorbed more than $7.2 billion in special charges tied to realigning EV capacity and responding to weaker EV demand and US policy changes. Underlying operations remained strong, with full-year EBIT-adjusted of about $12.7 billion and adjusted automotive free cash flow of about $10.6 billion. Entering 2026 the company raised guidance, declared a dividend at a 20 percent higher quarterly rate, and approved a new $6.0 billion share-repurchase authorization, signaling that management views the core business as healthy even as it shrinks its EV footprint. The investment picture is a classic cyclical value setup: a low headline multiple, heavy capital return, and durable truck profits weighed against tariffs, commodity inflation, and the long transition of the auto industry.

GM is deeply cyclical: new-vehicle demand, pricing, and margins can fall sharply in a recession or when interest rates raise the cost of auto loans. Tariffs and trade policy are a two-sided risk that can quickly swing from a rebate benefit to a multi-billion-dollar cost, and the company faces $1.5 billion to $2 billion of expected commodity inflation in 2026. The EV transition remains expensive and uncertain, having already driven more than $7.2 billion of 2025 charges, and a faster-than-expected shift could force further write-downs while a slower one strands prior investment. GM also carries meaningful exposure to a competitive and price-pressured China market, ongoing labor-cost dynamics with the UAW, and the reputational and financial tail risk of vehicle recalls and warranty claims.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see General Motors Company's investor relations page or your broker.

• Revenue (FY 2025): ~$185 billion
• Net Income (FY 2025): ~$2.7 billion (after ~$7.2 billion of special charges)
• EBIT-Adjusted (FY 2025): ~$12.7 billion
• 2026 EBIT-Adjusted Guidance: ~$13.5 billion to $15.5 billion (~$11.50 to $13.50 adjusted EPS)
• P/E Ratio: ~31x trailing (elevated by 2025 charges) vs ~6x forward
• Market Cap: ~$73 billion

GM's trailing P/E of roughly 31x is misleading because 2025 GAAP net income of about $2.7 billion was suppressed by more than $7.2 billion of one-time EV realignment charges; on a forward basis against 2026 adjusted EPS guidance of about $11.50 to $13.50, the multiple compresses to roughly 6x, one of the lowest among large-cap US companies. That gap reflects a market that treats GM as a deeply cyclical, tariff-exposed automaker rather than a growth compounder. Heavy buybacks (a new $6.0 billion authorization) and a raised dividend show management returning capital while the shares trade at a low earnings multiple.

There are three common ways to get GM exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic basket, so GM sits alongside other stocks that express the same thesis.

Walnut takes the basket route. Describe a thesis where GM fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

As of July 2026, GM is best understood as a cash-generative truck and SUV franchise trading at a single-digit forward earnings multiple, where the debate is whether its pickup profits and buybacks outweigh tariff exposure, EV losses, and the deep cyclicality of the auto industry.

Whether GM is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is GM a buy?, and where the stock could go from here in the GM stock forecast.

For income investors, whether GM pays a dividend and how the payout looks is covered in does GM pay a dividend?