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Headquartered in Detroit, Michigan, General Motors Company (GM) is a leading force in the automotive industry with a market cap of $56 billion. The company specializes in designing, manufacturing, and selling various vehicles, including cars, trucks, and electric vehicles, under well-known brands like Chevrolet, GMC, Cadillac, and Buick.
GM has significantly outperformed the broader market over the past year. The stock has gained 82% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 35.2%. In 2024, the stock is up 41.9%, compared to SPX's 20.1% gains on a YTD basis.