Total U.S. sales for the month fell 1.7% year-over-year to 258,626 vehicles. Analysts were looking for a 6.3% drop, CNBC reports.
Big declines in GM's midsize sedans were somewhat tempered by significant increases in its smaller pickup trucks and large SUVS, Reuters notes.
GM estimates that U.S. industry auto sales will be 17.4 million vehicles on a seasonally adjusted annual selling rate. Analysts surveyed by Thomson Reuters were anticipating sales of 17.5 million vehicles.
Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B-.
GM's strengths such as its revenue growth, notable return on equity, attractive valuation levels, good cash flow from operations and impressive record of earnings per share growth outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
You can view the full analysis from the report here: GM
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.