EL7.AI
StocksMediumUpdated×3•Originally published 20 October 2026•Updated 20 October 2026•
1 min read

General Motors Q3 Profit Jumps to $3.34 Billion Amid Massive Share Buyback Launch

Key Facts

1General Motors announced a massive $20 billion share buyback plan to bolster its stock price.
2Company executives believe GM stock is fundamentally undervalued despite cooling auto sales.

General Motors GM posted a third-quarter profit of $3.34 billion, or $3.73 a share, marking a significant increase from the $1.33 billion reported a year earlier. The robust earnings delivery coincides with the company's authorization of a $20 billion share buyback program designed to support its market valuation.

GM closed at $82.75 on October 19, 2026, after trading between a session low of $82.34 and a high of $83.82. The Wall Street Journal reported that executives view the stock as fundamentally undervalued, with the massive repurchase plan intended to provide a floor for the share price despite a cooling trend in broader auto sales.

Latest Updates · 2

  1. Notable·

    Update: General Motors reported a 22% increase in core profit on October 20, 2026. The growth was primarily driven by sustained strength in the company's pickup truck business segment.

  2. Notable·

    Update: General Motors GM reported a 22% increase in core profit on October 20, 2026. This growth was primarily driven by sustained sales strength within the company's pickup truck business.