On July 22, General Motors rose 3.57% in regular trading, trading at $83.4/share, with turnover of $119 million.

On the news front, following the company's Q2 earnings beat released the prior day, multiple Wall Street institutions collectively raised their target prices. JPMorgan lifted its target from $110 to $120, TD Cowen from $126 to $132, RBC from $94 to $100, Morgan Stanley from $100 to $101, BNP Paribas from $101 to $102, Wells Fargo from $60 to $61, and Daiwa from $83 to $86.

The upgrades followed GM's Q2 results showing adjusted EPS of $3.57, beating consensus estimates of $3.20 by approximately 11.6%. Adjusted EBIT surged 29.8% year-over-year to $3.9 billion, with margins improving from 6.4% to 8.2%. Revenue reached $48 billion, up 1.9% year-over-year. The company also raised its full-year adjusted EBIT guidance for the second time this year to $14-16 billion, driven by strong pickup truck and SUV demand in North America.

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