Benchmark Maintains $65 Price Target on GM
Benchmark analyst Mickey Legg maintained on October 22, 2025, a ‘Buy’ rating on General Motors, with a $65 price target.
“GM reported 3Q 2025 EPS of $2.80 compared with EPS of $2.96 in the year prior and above our estimate of $2.40.
Third quarter EBIT income from North America Auto operations totaled $2.8B compared with income of $2.9B in the yearearlier period and our estimate of $2.4B.
GM Financial reported pretax income of $4.3B up from $4.0B in the year-earlier period and above our estimate of $4.2B; higher income at GMF is driven by broadly stable credit performance in our opinion.
Operating cash flow less capex was $3.96B for the quarter, and YTD cash flow is $7.0B.
GM ended the quarter with $35.6B in automotive liquidity and $16.1B of automotive debt, a net cash balance of $19.5B or 35% of the current market cap.
NA Auto EBIT income totaled $2.5B in 3Q 2025 down from $3.9B in the year prior, as tariffs and cost headwinds applied downward pressure.
Maintain Buy & $65 Price Target.”
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