On July 24, General Motors rose 3.09% in regular trading, trading at $83.115/share, with turnover of $65.08 million. The stock continued its upward momentum driven by a strong Q2 earnings report and a wave of analyst upgrades.

General Motors previously reported Q2 adjusted EPS of $3.57, beating market consensus by approximately 11.6%. Adjusted EBIT reached $3.9 billion, surging 29.8% year-over-year, with margins expanding from 6.4% to 8.2%. The company raised its full-year adjusted EBIT guidance for the second time this year to $14-16 billion. Following the results, JPMorgan raised its target price to $120, TD Cowen to $132, RBC to $100, and Morgan Stanley to $101, reflecting broad institutional optimism. Management noted strong demand for pickups and SUVs, while EV-related losses are expected to narrow by $1-1.5 billion this year as major cash outlays for electrification have been largely completed.

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