GM's new $20B buyback is ~31% of its ~$65B market cap at $77; trades ~5.8x the $13.25 EPS midpoint
General Motors (GM) beat Q3 estimates Tuesday with $50.0B in revenue and approved a new $20B buyback, but the stock fell ~7% premarket to $77 after it narrowed full-year guidance.
At $77 and 849M shares, GM is worth ~$65B, so the buyback is ~31% of the company. The share count is already down ~29% from 1.2B at the end of 2023. At the $13.25 EPS midpoint it trades near 5.8x earnings.
https://www.cnbc.com/2026/10/20/general-motors-gm-earnings-q3-2026.html
Sources: GM release: 849M shares outstanding at Sept 30, 2026 vs 1.2B at end of 2023; 2026 adj EPS guide $12.75-13.75 · MarketWatch: GM stock fell 6.9% to $77.01 premarket Tuesday despite $20B buyback · X story: GM beats Q3 expectations but shares drop on narrowed outlook
Not financial advice. For informational and educational purposes only.
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