- General Motors‘ 3Q adjusted EPS was $2.28, beating the y/y estimate of $2.25 and the $1.84 prediction.
- The company’s net sales and revenue reached $44.13 billion, a 5.4% increase from the previous year and exceeding the $43.25 billion estimate.
- Cruise, GM’s self-driving car unit, had net sales and revenue of $25 million, matching last year’s figures but falling short of the $45.9 million estimate.
- Automotive net sales and revenue were $40.50 billion, a 4.7% increase y/y, and higher than the $39.56 billion estimate.
- GM Financial’s net sales and revenue grew by 14% y/y to hit $3.64 billion, surpassing the $3.37 billion estimate.
- Adjusted Ebit for North America was $3.53 billion, a 9.5% decrease y/y, but still higher than the $3.18 billion estimate.
- International operations saw an adjusted Ebit of $357 million, a 6.9% increase y/y, beating the $301.5 million estimate.
- GM Financial’s adjusted EBT was $741 million, a decrease of 19% y/y.
- Adjusted automotive free cash flow was $4.91 billion, a 6.9% increase y/y.
- Vehicle sales in North America (GMNA) were 810,000 units, a 3.3% increase y/y, and higher than the 790,617 unit estimate.
- International vehicle sales (GMI) were 171,000 units, a decrease of 6% y/y, and lower than the 175,730 unit estimate.
- GM’s adjusted Ebit was $3.56 trillion, exceeding the $3.27 billion estimate.
General Motors on Smartkarma
The independent research network Smartkarma has recently provided coverage of General Motors. Two research reports from Baptista Research have been released, each providing a different viewpoint on the company. The first report, entitled “General Motors Company: A Story Of Sales in Premium Variants! – Key Drivers,” gives a ‘Hold’ rating with a revised target price. The report highlights the successful revenue and earnings for the company, due to their solid pricing and incentive discipline.
The second report from Baptista Research, entitled “General Motors Company: Progress In EVs & Other Drivers,” also gives a ‘Hold’ rating. This report focuses on the successful fiscal year in 2022, with a revenue growth of 23%. Despite facing supply chain and logistics challenges, the company increased parts availability and improved their supply chain and logistics, resulting in a total dealer inventory of around 50 days.
A look at General Motors Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
General Motors Co. is a global leader in the manufacturing and marketing of new cars and trucks. They offer a range of features, such as OnStar vehicle protection and XM satellite radio, as well as services and accessories for special needs drivers, commercial owners, and more.
The Smartkarma Smart Scores provide a long-term outlook for the company. General Motors scores highly in Value and Growth, indicating that the company is strong in these areas. However, the scores are lower for Dividend, Resilience, and Momentum, suggesting that there may be some areas of improvement that the company should focus on in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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