General Motors heads into its fourth-quarter report with analysts raising full-year EPS estimates by 4% over the past six weeks. The company has beaten consensus EPS projections in 13 straight quarters, driven by strong margin discipline in its North America unit and cost savings of $2.2 billion from its Accelerate strategy. Street estimates now project a low-double-digit year-over-year EPS improvement, reflecting both higher average transaction prices and a favorable model mix shift toward premium SUVs and pickups.

U.S. retail deliveries for the quarter are tracking roughly 5% below last year’s comparable period, as incentives inch higher to clear inventory ahead of new model launches. Electric vehicle volumes, which accounted for 7% of overall deliveries in Q3, dipped to roughly 6% this quarter, reflecting supply chain delays in battery modules and increased competition from new entrants. Management has guided to sequential improvement in EV availability by mid-year, supported by the opening of GM’s third Ultium cell plant.

Despite the recent delivery slowdown, GM trades at a forward P/E multiple below the 10-year average and about 15% below the broader auto sector. Investors are citing a 2.5% dividend yield and potential for further share repurchases once free cash flow generation, projected at $10 billion for 2026, ramps up. Key risk factors include commodity cost inflation and potential regulatory changes for EV credits, but the current valuation cushions against near-term execution risks.

In a strategic shift, GM announced that production of its China-built Buick Envista compact SUV will move to Spring Hill, Tennessee, later in 2026. This transfer is expected to create approximately 500 new jobs and increase annual plant output by 60,000 units. The move responds to U.S. tariff policy and aligns with GM’s commitment to localizing EV and ICE production, reducing logistics costs and foreign-exchange exposure while enhancing supply-chain resilience.