General Motors reported fourth-quarter results and announced a $6 billion share buyback on Tuesday, lifting its stock to an all-time high. The company said the stronger earnings and buyback drove renewed investor interest.
For the quarter, GM posted revenue of $45.29 billion, slightly below the $45.37 billion estimate and down about 5.1% year-over-year. Adjusted EPS was $2.51 versus $2.28 expected, and adjusted EBIT was $2.84 billion versus $2.77 billion estimated.
The company unveiled a $6.0 billion repurchase program alongside the results. CFO Paul Jacobson said “[Q4 results] turn into the profitability that drives the cash flow engine. That allows us to continue to allocate capital in a way that’s friendly to shareholders.” He added “We’re still one of the most valuable stocks out there in terms of free cash flow yield; we still have a double-digit free cash flow yield. We feel like the stock is undervalued.”
Mary Barra, the CEO, said prior tariff offsets allowed the company to raise profit guidance last quarter. GM reported full-year tariff exposure of about $3.1 billion, below a prior projection of $3.5 billion to $4.5 billion.
After the release, the stock traded near the top of its 52-week range and above its 200-day moving average, rising 9% on Tuesday. Wall Street targets rose for 2026, with the highest at $110, about a 26% increase from current prices.
