StocksMediumUpdated×2•Originally published 20 October 2026•Updated 20 October 2026•
1 min read
GM Stock Hits 15-Month Low Performance as Company Launches $20 Billion Buyback
Key Facts
1General Motors reported adjusted earnings per share of $3.70, beating Wall Street estimates of $3.63.
2Company revenue increased 3% year-over-year to $50 billion, exceeding the consensus forecast of $48.77 billion.
3GM narrowed its full-year adjusted EBIT guidance to a range of $14.5 billion to $15.5 billion.
General Motors announced a new $20 billion share buyback program to counter significant selling pressure on its equity. Invezz reported that the stock is facing its worst daily performance in 15 months, even as the automaker posted third-quarter adjusted earnings per share of $3.70, beating the $3.63 analyst estimate.
GM was trading at $77.87 on October 20, 2026, down from its previous close of $82.75 on October 19, 2026. The decline followed a flat profit outlook and the company narrowing its full-year adjusted EBIT guidance to a range of $14.5 billion to $15.5 billion.