General Motors stock fell 1.31 percent as Q3 sales fell 5.5 percent

Published on 10/04/2026 at 21:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

General Motors stock closed at USD 78.27 on October 2, after third-quarter US sales fell 5.5 percent to 670,974 vehicles. UBS raised its target to USD 114.

Pop-Art-Comic einer futuristischen Automontagehalle mit Robotern, Halbtönen und kräftigen Primärfarben — General Motors Automobilfabrik als farbiger Pop Art Comic mit Robotern und Fahrzeugkarosserien, ISIN US37045V1008, Illustration mit AI erstellt.

General Motors stock (ISIN US37045V1008) closed at USD 78.27 on the NYSE on October 2, 2026, down 1.31 percent, after the automaker reported 670,974 US vehicle sales for the third quarter, a 5.5 percent year-over-year decline. The sales update from Yahoo Finance on October 1, 2026, put pressure on the stock as electric vehicle demand weakened while gasoline-powered pickups and small SUVs offset part of the drop.

Sales fall as EV demand weakens

The third-quarter sales decline was concentrated in electric vehicles. Chevrolet Equinox EV sales fell 92.4 percent to 1,905 units, while Chevrolet Trailblazer sales rose 51.1 percent to 31,075 and Chevrolet Trax sales increased 16.3 percent to 57,917, according to Yahoo Finance.

GM North America President Duncan Aldred said the next-generation full-size pickups remained on track for showroom launches by the end of 2026. The product transition gives the company a near-term test: profitable truck demand must offset weaker EV volume while the new Silverado and Sierra reach dealers.

Guidance still points to earnings power

The operating pressure contrasts with GM's second-quarter financial performance. MarketBeat reported that GM delivered adjusted earnings per share of USD 3.57 in the quarter, above the USD 3.19 consensus, while revenue reached USD 48.03 billion versus USD 47.01 billion expected. The company also reaffirmed fiscal 2026 adjusted EPS guidance of USD 12.00-14.00.

That combination leaves the stock balancing volume against profitability. GM's second-quarter revenue was up 1.9 percent year over year, but the latest sales figures show that mix and pricing must carry more of the earnings burden when EV deliveries decline.

Analyst target stays above the stock

UBS raised its General Motors price target from USD 102 to USD 114 on September 14, 2026, while maintaining a Buy rating, as reported by MarketScreener. The new target lies 45.7 percent above the October 2 stock price.

The same MarketScreener overview lists a Buy mean consensus from 25 analysts and an average target of USD 103.83. That average lies 32.7 percent above the October 2 close, leaving the October 20 earnings release as the next quantified test for the bullish valuation case.

GM stock closes below yearly high

General Motors stock closed at USD 78.27 on October 2, 2026, with volume of 9,076,899 shares. Its market capitalization was USD 70.8 billion, and the 52-week range stood at USD 54.33 to USD 91.85.