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General Motors Dominates 2024 with Record Revenue Growth and Electric Vehicle Surge

08 March, 2025 | 2 Min Read

tickers: GM

source: Motley Fool

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GMpositivelyThe ticker GM is likely to be positively affected by the strong financial performance reported for 2024, including increased revenue and market share, particularly in the EV sector. Additionally, the substantial share buybacks and the company’s confidence in executing its strategy despite challenges will likely boost investor sentiment and drive the stock price higher.

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summary

GM Just Did More of What Makes It So Valuable

GM Reports Strong 2024

General Motors (GM) had a stellar 2024, making remarkable strides in the auto market. It saw a 9% increase in full-year revenue, leading the U.S. in total, retail, and fleet deliveries. The company also doubled its electric vehicle (EV) market share, marking a significant achievement in the EV sector. GM’s EV portfolio even became variable profit positive in the fourth quarter.

GM’s Value Proposition

The Role of Buybacks

The concept of share buybacks is straightforward: buying back shares at market price, often retiring them, leads to higher earnings per remaining share. GM, trading at low price-to-earnings ratios, has been executing substantial buybacks since the end of 2023 and previously announced a $22 billion repurchase over a few years. This activity has contributed significantly to GM’s recent increase in market value.

Boosting Confidence

Despite known tariffs, GM continues to execute its strategy with confidence as it amplifies product profitability and market share. The company reported positive equity income for China, a market grappling with local competition. This resilience boosts confidence among investors.

Buybacks and Valuation

With a strong 2024 behind it, GM looks to sustain its momentum. Massive buybacks and a low valuation make it an attractive investment. GM remains confident and investments are protected against predicted disruption.

Is GM a Buy?

Investors should remain confident in GM, given its successful 2024 initiatives massive share buybacks and its product profitability.

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