MW GM's stock slips as car giant updates guidance amid tariff impact

By James Rogers

In a statement, GM said its initial full-year 2025 guidance 'does not contemplate the potential impact of tariffs'

General Motors Co.'s stock fell 1.6% in premarket trading after the carmaker beat Wall Street's profit and revenue estimates in its first-quarter results but said it is updating its full-year guidance.

"The company's initial full year 2025 financial guidance does not contemplate the potential impact of tariffs," the company said in a statement. General Motors $(GM)$ also rescheduled the conference call to discuss its results to Thursday at 8:30 a.m. Eastern time. The call had originally been scheduled for Tuesday morning.

GM's initial full-year guidance was for net income between $11.2 billion and $12.5 billion and adjusted earnings between $11 and $12 a share.

The move comes as automakers wrestle with the fallout from President Donald Trump's sweeping tariff agenda. However, earlier this week, Commerce Secretary Howard Lutnick said that the Trump administration will soon ease the impact of tariffs on the U.S. automobile industry.

Related: Trump to ease impact of tariffs on U.S. automakers, Lutnick says

In a note released Tuesday, CFRA Research analyst Garrett Nelson said that tariff changes would have an impact on General Motors. "We think news related to possible tariffs modification could buffer potential losses," he wrote.

General Motors' adjusted first-quarter profit of $2.78 a share beat the FactSet consensus estimate of $2.68 a share. Revenue rose to $44.02 billion from $43.01 billion, beating the analyst revenue estimate of $43.23 billion.

Automotive revenue for the three months to March 31 was $39.86 billion, well above the FactSet consensus estimate of $38.62 billion.

Related: GM, Ford and Stellantis face extra $5,000 cost for each car made in America, thanks to Trump's tariff on parts

Shares of rival automaker Ford Motor Co. $(F)$ were up 0.3% premarket, while shares of Jeep parent Stellantis N.V. $(STLA)$ were up 0.8%.

General Motors shares are down 11.3% in 2025, while Ford shares are up 1.2% and Stellantis shares are down 28.3%.

-James Rogers

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April 29, 2025 09:34 ET (13:34 GMT)

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