This Under-the-Radar Stock Bought Back 17% of Its Own Stock in 2023

By Travis Hoium – Feb 15, 2024 at 7:00AM

NYSE: GM

General Motors

Market Cap

$52B

Today's Change

(0.48%) $0.22

Current Price

$45.84

Price as of April 26, 2024, 4:00 p.m. ET

Buybacks alone could drive this stock higher.

General Motors (GM 0.48%) isn't a very loved stock right now, but the company is churning out cash and putting billions into buybacks. Not only was 17% of the company's stock repurchased in 2023, but management said buybacks will continue rapidly in 2024. Find out more in this video.

*Stock prices used were end-of-day prices of Feb. 13, 2024. The video was published on Feb. 14, 2024.

Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends Tesla. 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. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.