The automaker just reported stellar results and guidance — and it trades for a ridiculously low valuation.
General Motors (GM -0.04%) reported first-quarter results that were significantly better than experts had expected. Plus, the company raised its full-year guidance and gave encouraging updates on its electric vehicle progress and the Cruise automation platform. Despite the excellent results, GM still trades for a single-digit multiple of earnings. Could this be an incredible opportunity hiding in plain sight?
*Stock prices used were the afternoon prices of April 23, 2024. The video was published on April 23, 2024.
Matt Frankel has positions in General Motors. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy.
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