Here’s what Wall Street experts are saying about GM and Ford ahead of earnings

General Motors (GM) is scheduled to report quarterly results before market open on Tuesday, July 22, with a conference call scheduled for 8:30 am EST, while Ford (F) is scheduled to report after market close on Wednesday, July 30, with a conference call scheduled for 5:00 pm EST. What to watch for:

GM SALES: In July, General Motors reported Q2 U.S. sales up 7.3% to 746,588 units. “GM led the U.S. automotive industry in total and retail sales in the year’s first six months, with sales growth well ahead of the estimated 4% total auto industry growth,” the company stated. “The investments we have made in our crossovers, SUVs, and pickups – both gas and electric – along with great execution by our employees, suppliers and dealers, have made GM the engine of growth for the U.S. industry this year,” said Duncan Aldred, GM SVP and president of North America. GM also reported Q2 China deliveries exceeding 447,000 units, marking GM’s second consecutive quarter of year-over-year sales growth in China with a 20% increase.

GM GUIDANCE: Along with its Q1 earnings conference call, the company guided to a FY25 EPS view of $8.25-$10.00. Consensus, which stood at $10.99 at the time, has since fallen to $9.26. The company also forecast FY25 EBIT-adjusted view of $10B-$12.5B and capital expenditures of $10B-$11B.

GM PARTNERSHIPS, INITIATIVES: General Motors Canada announced in May that Oshawa Assembly would be returning to a two-shift operation. Additionally in May, the company announced the appointment of Sterling Anderson, co-founder of autonomous trucking company Aurora (AUR), as EVP, global product, and Chief Product Officer. GM and LG Energy Solution also announced in May that they will commercialize lithium manganese-rich prismatic battery cells for future GM electric trucks and full-size SUVs. The company also unveiled a new GM Rewards Mastercard (MA) from Barclays (BCS). GM also announced an investment of $888M in its Tonawanda Propulsion plant in May. Additionally in June, the company announced it would invest $4B in U.S. manufacturing plants and will boost production by 300,000 units in the U.S. Also in June, GM Defense announced it is teaming with defense contractor NP Aerospace to pursue the U.K. Ministry of Defense’s Light Mobility Vehicle requirements as part of the Land Mobility Program.

ANALYST VIEW: On Monday, Benchmark initiated coverage of GM with a Buy rating and $65 price target, calling the stock “a compelling opportunity for investors seeking exposure to a durable, cash-generative U.S. industrial franchise with underappreciated upside potential.” GM’s core business remains resilient and the company is executing well on its transformation roadmap while maintaining a balanced approach to shareholder returns and growth, the analyst argued.

Meanwhile, JPMorgan raised the firm’s price target on GM to $60 from $56 and kept an Overweight rating on the shares. The firm increased automaker estimates ahead of the Q2 reports to reflect “better-than-feared” production as consumers bought vehicles ahead of anticipated tariff-related price increases. JPMorgan continues to prefer suppliers over the car makers.

FORD SALES: In May, Ford reported U.S. sales in April rising1 6.2% to 208,675 units. Ford’s electric vehicle sales fell 39.4% in April versus last year to 4,859 cars while its hybrid vehicles rose 29.6% to 23,331. Internal combustion sales rose 17.5% to 180,485 cars in April. In June, Ford reported May U.S. sales up 16.3% to 220,959 vehicles. Ford reports May U.S. sales up 16.3% to 220,959 vehicles, including total electrified vehicle sales of 29,442, up 10.7% from the same month of last year. Internal combustion vehicles sold of 191,517 were up 17.2% from May 2024. In July, Ford reported Q2 U.S. sales up 14.2% to 612,095 vehicles. Ford Motor announced that the company “accelerated well ahead of the U.S. industry in the second quarter, growing sales 14.2% – about 10 times the estimated 1.4% industry increase – and expanding market share to an estimated 14.3%, up 1.8 percentage points versus the first quarter.” Andrew Frick, president, Ford Blue and Model e, and interim head of Ford Pro, said: “We blew the doors off the overall industry with our second-quarter sales. Customers continue appreciating our broad powertrain choices – gas, hybrid, electric, and diesel – digital productivity tools that save time and money, and our Ford Motor Company: From America, For America commitment.”

GUIDANCE SUSPENSION: Along with its Q1 results, the company said, “Ford’s underlying business is strong – tracking within the previous adjusted EBIT guidance range of $7B to $8.5B, excluding new tariff-related impacts. Based on what the company knows now, and its expectation of how certain details and changes will be resolved related to tariffs, the company estimates a net adverse adjusted EBIT impact of about $1.5B for full-year 2025. Given material near-term risks, especially the potential for industrywide supply chain disruption impacting production, the potential for future or increased tariffs in the U.S., changes in the implementation of tariffs including tariff offsets, retaliatory tariffs and other restrictions by other governments and the potential related market impacts, and finally policy uncertainties associated with tax and emissions policy, the company is suspending guidance.”

FORD PARTNERSHIPS, INITIATIVES: In May, Ford announced the appointment of Kyle Crockett to the role of chief accounting officer. Most recently, he served as VP, controller and CAO at Carrier (CARR). In June, Marchex (MCHX) announced an expanded partnership with FordDirect to make Marchex Engage for Sales and Service available to nearly 3,000 Ford Dealers and Lincoln Retailers nationwide.

ANALYST VIEW: On Monday, JPMorgan raised the firm’s price target on Ford to $13 from $12 and kept an Overweight rating on the shares.

Meanwhile on Wednesday, Barclays raised the firm’s price target on Ford to $11 from $9 and kept an Equal Weight rating on the shares. The firm previewed the Q2 reports for autos and mobility group, saying the results are likely to be solid. Barclays prefers suppliers over the automakers due to uncertainty in the second half of 2025.