BUZZ-GM falls as tariff threat looms; forecasts 2025 profit above estimates

Updates

General Motors GM.N shares fall 10.9% to $48.95

*Shares fall after investors weighed the threat of tariffs that could hit the automaker's business

GM is one of the automakers most exposed to Trump's plans on two important fronts: EVs, and tariffs

Trump on Monday evening again threatened tariffs on a broad array of goods, all critical to building automobiles

However, co expects its 2025 adjusted earnings to be in a range of $11/shr to $12/shr, above analysts' estimates of $10.85/ shr, according to data compiled by LSEG

The automaker is projecting net income of $11.2 billion to $12.5 billion this year, topping analysts' expectations of $10.8 billion

The carmaker sold 2.7 mln vehicles in 2024, up 4% from 2023

It reported Q4 adj. EPS of $1.92/shr, beating expectations of $1.89/shr

16 of 29 brokerages rate the stock "buy" or higher, 10 "hold" and 3 "sell"; their median PT is $60

GM has risen 3.1% YTD, after rising 48.3% in 2024