On July 27, General Motors rose 3.17% in regular trading, trading at approximately $85.5 per share, with turnover of $55.31 million.

On the news front, Jefferies upgraded General Motors from Hold to Buy, raising its price target from $90 to $99. The upgrade coincides with growing market attention on the company's software and services business profitability. OnStar generated $800 million in single-quarter revenue with a gross margin of approximately 70%, meaning the subscription business retains about 70 cents of every dollar earned — far exceeding the roughly 4 cents per dollar from traditional vehicle sales. The company expects OnStar subscribers to approach 13 million by year-end, while the Super Cruise autonomous driving assistant at $39.99 per month shows strong paid conversion rates.

Additionally, the company's Q2 adjusted EPS of $3.57 beat expectations by approximately 11.6%, and full-year earnings guidance was raised for the second time to $14-16 billion. Multiple institutions including JPMorgan, Morgan Stanley, and RBC have raised their price targets, sustaining upward momentum.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)