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How to Buy General Motors Co Stock

General Motors Co

General Motors Co is a auto company located in Michigan, United States, which is part of the Consumer Cyclical sector, and is traded under the ticker GM on the NYSE exchange.

General Motors Co stock last closed at $44.59, up 1.34% from the previous day, and has increased 29.43% in one year. It has overperformed other stocks in the Auto Manufacturers industry by 0.97 percentage points. General Motors Co stock is currently +69.54% from its 52-week low of $26.30, and -0.49% from its 52-week high of $44.81.

At the moment, there are 1.15B shares of GM outstanding. The market capitalization of GM is $51.48B. In the last 24 hours, 22.13M GM shares were traded.

How to Buy General Motors Co Stock

Wondering how to invest in General Motors Co stock? Here's how.
  1. Choose where to buy General Motors Co stock: You need to choose an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you decide where to buy General Motors Co stock.
  2. Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
  3. Fund your investment account: Choose your payment method and add your info.
  4. Evaluate General Motors Co stock: The General Motors Co ticker symbol is GM. Is General Motors Co stock a good investment? Should you buy shares of GM? How do GM's underlying business fundamentals look? Do top analysts think General Motors Co is a good buy? Why has GM's stock price moved recently? (Hint: Our stock market analysis website can help you understand if GM is a good stock to buy).
  5. Make your GM trade: Decide if you will purchase GM shares at the current market price or use a limit order to purchase GM stock at a particular price.
  6. Track your GM investment: Create a watchlist to get the latest news on your position in General Motors Co stock.

Step 1: Choose where to buy General Motors Co stock

You need an online brokerage account to access the NYSE market and buy GM stock.

A brokerage account allows you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Open a brokerage account

Now that you've chosen the right brokerage, the next step is to fill out some personal info so you can invest in GM stock today.

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Step 3: Fund your investment account

Now that you have finished signing up on the greatest app to buy stocks, you need to deposit funds:

Check out this video walkthrough for more details transferring funds into your new investment account.

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Step 4: Evaluate General Motors Co stock

Once you have figured out the best place to buy General Motors Co stock, it's crucial to analyze their stock prior to investing, so you actually comprehend the risk as well as the opportunity.

General Motors Co stock quick numbers

GM Price
$44.59
1w %
4.06%
1y %
29.43%
5y %
21.8%
P/E
6.07x
P/B
0.8x
P/S
0.35x
PEG
N/A
Revenue
$171.84B
Earnings
$10.02B
Fore. Rev. Growth
1.56%
Fore. Earn. Growth
-15.06%
Market Cap
$51.48B
Next Earnings
Apr 23, 2024
Next Dividend
N/A

General Motors Co Zen Score

WallStreetZen was designed to help part-time investors do better fundamental analysis in less time.

You can see all of the due diligence checks on GM's stock page.

How is GM stock valued?

You can use many financial metrics, analyses, models, and charts to gauge GM's intrinsic value.

Using relative valuations metrics:

  • GM may be undervalued based on its P/E ratio of 6.07x, relative to Auto Manufacturers industry P/E ratio of 25.17x
  • GM may be undervalued based on its P/B ratio of 0.8x, relative to Auto Manufacturers industry P/B ratio of 2.33x

You can do additional valuation research on GM's stock here.

GM Financials at a glance

Pros:

  • There are more short-term assets than short-term liabilities on the GM balance sheet.
  • GM profit margin has gone up from 5.7% to 5.8% in the past year.
  • GM earnings of $11.60B is not sufficient to cover its interest payments.
  • Total GM debt is lower than 5 years ago, relative to shareholder equity.

Cons:

  • GM has a relatively high debt to equity ratio of 3.19.
  • There are more long-term liabilities than short-term assets on the GM balance sheet.
  • GM's operating cash flow of $20.93B allows it to safely service it's debt of $121.74B.

Is it a good time to buy GM stock, according to Wall Street analysts?

Out of 15 Wall Street analysts who research GM, the consensus analyst rating on General Motors Co is a Buy

Please note that analyst ratings are not recommendations, nor are they financial advice.

Most Recent GM Analyst Forecasts

Colin Langan, a bottom 2% analyst from Wells Fargo maintains GM with a strong sell rating and raises their GM price target from $27.00 to $28.00, on Jan 31, 2024.

Wells Fargo's Colin Langan raised their price target on General Motors Co (NYSE: GM) by 3.7% from $27 to $28 on 2024/01/31. The analyst maintained their Strong Sell rating on the stock.

Management's stronger-than-expected guidance, which "may face risks from mix, volume, and cost," drove the price of the stock up 8% post-print, the analyst noted after reviewing General Motors' Q4 and FY 2023 earnings report, released on 2024/01/30.

The company's strategic pivot away from EV and AV (Autonomous Vehicles) should strengthen FY 2024 profitability but risks long-term targets, Langan cautioned.

Earnings Report

General Motors reported:

For Q4 2023:

  • EPS of $1.24, which beat the Zacks Consensus Estimate of $1.12 but missed Q4 2022’s $2.12 by 41.5%.
  • Revenue of $42.98B, which beat the Zacks Consensus Estimate of $40.78B but missed Q4 2022’s $43.1B by 0.3%.

For FY 2023:

  • EPS of $7.68, which beat FY 2022’s $7.59 by 1.2%.
  • Revenue of $171.8B, which beat FY 2022’s $156.74B by 9.6%.

Management guided for FY 2024:

  • EPS of $8.50 to $9.50.

Chair & CEO Mary Barra commented: “As we begin 2024, I believe GM is well positioned for a year of strong financial performance that will build on everything we accomplished — and learned — in 2023.

“Consensus is growing that the U.S. economy, the job market and auto sales will continue to be resilient, and at GM, we expect healthy industry sales of about 16M units with the mix of EVs continuing to grow.

“As we look ahead, our priorities and commitments are clear. They are to maximize the opportunities we have with our winning ICE portfolio with new models like the 2024 Chevrolet Traverse and 2025 Chevrolet Equinox; grow our EV business profitably; deliver strong margins and cash flow; and refocus and relaunch Cruise.

“To summarize, we learned a lot in 2023, and those learnings are helping us build on our strengths, address our challenges, and create an even stronger GM with a growing and profitable EV business.”

Daniel Ives, a top 5% analyst from Wedbush maintains GM with a buy rating and raises their GM price target from $40.00 to $45.00, on Jan 31, 2024.

Dan Levy, a top 44% analyst from Barclays maintains GM with a strong buy rating and raises their GM price target from $37.00 to $44.00, on Jan 24, 2024.

Adrian Yanoshik, a bottom 17% analyst from Redburn Atlantic initiates coverage on GM with a hold rating and announces their GM price target of $40.00, on Jan 24, 2024.

Itay Michaeli, a bottom 1% analyst from Citigroup maintains GM with a strong buy rating and raises their GM price target from $90.00 to $95.00, on Dec 4, 2023.

You can dig deeper into what analysts are projecting on the General Motors Co stock forecast page.

GM Technicals

SMA10
42.39
SMA20
41.27
SMA50
39.19
SMA100
35.82
SMA200
35.15
MACD
1.34
MACD Signal
1.01
MACD Histogram
0.33
RSI
75.64
Stochastic %K
92.65
Stochastic %D
91.39
StochRSI %K
97.74
StochRSI %D
94.29

GM Performance Numbers

Last year, GM earnings were $10.02B. In the past five year, GM's earnings have gone up by 5.55% per year. This was slower than the Auto Manufacturers industry average of 116.28%.

Last year, GM revenue was $171.84B. During the past 5 year, GM's revenue has grown by 3.17% per year. This was slower than the Auto Manufacturers industry average of 35.09%.

Find out more about GM's earnings and revenue performance here.

Are GM executives and large shareholders buying or selling the stock?

Over the last year, executives and large shareholders at GM have sold more shares than they have bought.

Rory Harvey, Executive Vice President of GM, was the latest GM insider to sell. They sold $219,504.00 worth of GM stock on Mar 21, 2024.

Dig into more about who owns GM stock here.

Can I rely on GM as an income stream?

General Motors Co pays a dividend of 0.87%, compared to the Auto Manufacturers industry's average dividend yield of 3.11%. If you owned $1,000 worth of GM stock, you would have been paid $8.75 in the past year.

General Motors Co dividend payments have not consistently grown over the past decade and have not remained stable.

Dig into more analysis about General Motors Co dividend yield and history here.

What others are saying about GM

One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to learn what other investors have to say.

Step 5: Make your GM trade

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are mostly the easiest way to buy.
  • Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
    If you want to make sure you're buying or selling at a specific dollar amount, place a limit order.

Click the Open Trade button and eToro will place your order.

If you want additional assistance investing in stocks on eToro, watch the how to video below:

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Step 6: Track your GM investment

Now that you own some shares in GM, you'll want to stay up-to-date on your shares.

Put GM on a watchlist to monitor your GM stock.

GM Feed

How to Buy Stock in General Motors Co

To reiterate, here are the 6 steps to buy General Motors Co stock:

  1. Choose where to buy General Motors Co stock
  2. Open a brokerage account
  3. Fund your investment account
  4. Evaluate General Motors Co stock
  5. Make your GM trade
  6. Track your GM investment

If you require a online brokerage, eToro is our favorite option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to track your new investment in General Motors Co, add GM to your watchlist below.

NYSE: GM
$44.59+0.59 (+1.34%)
Updated Mar 27, 2024
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NYSE: GM
$44.59+0.59 (+1.34%)
Updated Mar 27, 2024
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FAQ

How much does it cost to buy one General Motors Co share?

As of Mar 27, 2024, it costs $44.59 to buy one share of General Motors Co stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.224 shares of GM.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy General Motors Co stock?

According to 15 Wall Street analysts who monitor General Motors Co, their consensus recommendation is to buy General Motors Co stock.

What is the best way to buy General Motors Co stock?

One way to place an order for General Motors Co stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.