GM beats Wall Street expectations, boosts 2025 guidance amid EV slowdown

General Motors lit up the market on Tuesday, blowing past Wall Street’s expectations for the third quarter and jacking up its full-year forecast for ￰0￱ didn’t blink — they ￰1￱ stock jumped more than 15%, ripping toward its best day since ￰2￱ had closed at $58 on ￰3￱ noon Tuesday, the rally was in full ￰4￱ automaker reported $2.80 in adjusted earnings per share, beating the $2.31 ￰5￱ hit $48.59 billion, ahead of the expected $45.27 billion, and only slightly below the $48.76 billion it pulled in during the same period last ￰6￱ EBIT came in at $3.38 billion, way ahead of the $2.72 billion ￰7￱ doesn’t count one-time items or non-core stuff in these numbers — they keep it ￰8￱ lifts 2025 guidance and slashes tariff hit With Q3 in the bag, General Motors raised the bar for the rest of the ￰9￱ company now expects adjusted EBIT between $12 billion and $13 billion, compared to the previous $10 billion to $12.5 ￰10￱ EPS for the year moves up to $9.75 to $10.50, from $8.25 to $10.

Automotive free cash flow is also getting an upgrade — $10 billion to $11 billion, up from $7.5 billion to $10 ￰11￱ fourth-quarter outlook is looking spicy ￰12￱ projects adjusted EPS between $1.64 and $2.39, with the midpoint at $2.02. That’s higher than analysts’ average target of $1.94. CEO Mary Barra told shareholders Tuesday, “Thanks to the collective efforts of our team, and our compelling vehicle portfolio, GM delivered another very good quarter of earnings and free cash ￰13￱ on our performance, we are raising our full-year guidance.” General Motors also trimmed its projected tariff hit for ￰14￱ now expects $3.5 billion to $4.5 billion in tariff impact, down from $4 billion to $5 ￰15￱ gave credit to President Donald Trump for “the important tariff updates” announced last ￰16￱ new policy adds tariffs on imported medium- and heavy-duty trucks and parts, while extending a 3.75% offset for American-made ￰17￱ it wasn’t all green ￰18￱ company took a $1.6 billion hit last week from scaling back its electric vehicle ￰19￱ charge wasn’t included in the adjusted numbers, but it still dragged net income for stockholders down to $1.3 billion, a 57% drop from last year’s $3.1 ￰20￱ income margin cratered to 2.7%, down from 6.3%.

EV profit drags, NA margin slips, China rebounds On EVs, GM CFO Paul Jacobson told CNBC that only 40% of the company’s electric vehicles are profitable on a production level. That’s way lower than investors ￰21￱ warned that turning a profit on EVs will take longer, as adoption cools. “We do have some structural changes that we need to do to make sure that we lower the cost of producing those vehicles,” Jacobson said on “Squawk Box.” Still, General Motors gained ground in the EV ￰22￱ to Motor Intelligence, the company’s EV share jumped from 8.7% at the start of the year to 13.8% by the end of ￰23￱ pushed it ahead of Hyundai and Kia, which sit at 8.6%, but it’s still trailing Tesla by a ￰24￱ North American business, which has been GM’s cash cow, made $2.5 billion in Q3, adjusted.

That’s a drop from last year’s numbers, and the profit margin fell to 6.2%, down from 9.7%. Barra said Tuesday that her “top priority” is getting margins in North America back to 8% to 10%. That’ll take discipline in EV costs, production, pricing, and tariff ￰25￱ helped cover that margin slip? China.

GM’s Chinese unit added $217 million more in profit than last ￰26￱ international segment chipped in another $184 million in ￰27￱ Financial, the company’s lending arm, also pulled its weight — $804 million in adjusted earnings, up 17% from last ￰28￱ your free seat in an exclusive crypto trading community - limited to 1,000 members.