EL7.AI
StocksMediumUpdated×2•Originally published 22 July 2026•Updated 22 July 2026•
1 min read

GM Raises 2024 EBIT Guidance to $16B on Strong North American Margins

Key Facts

1General Motors reported adjusted earnings of $3.57 per share, a 41.3% year-over-year increase.
2The company's results beat analyst estimates by 14.06%, marking its 16th consecutive earnings surprise.

In a move reflecting robust operational performance, General Motors has upgraded its full-year 2024 financial guidance, now projecting adjusted EBIT in the range of $14.0 billion to $16.0 billion. According to reports, the automaker also raised its adjusted auto free cash flow outlook to a range of $9.5 billion to $11.5 billion, signaling high efficiency in converting earnings into liquidity.

Second-quarter results showed a 2% revenue increase, primarily driven by strong profit margins in the North American market and continued growth in services such as OnStar. Compared to broader sector performance, GM has successfully maintained positive momentum despite challenges, as pricing strategies and software services helped offset competitive pressures, strengthening its position against peers per market data.

GM stock stood at $79.52 (close July 21, 2026), with a daily trading range between $74.8 and $80.1. Investors are now monitoring the sustainability of these high North American margins, while focusing on upcoming U.S. Retail Sales data in the economic calendar to gauge future consumer demand strength for vehicles.