GM Just Posted Record First-Half Earnings, Recently Repurchased 35% of Its Shares, and Still Trades Below 6x Earnings
Quick Read GM posted its fifth straight earnings beat with $3.57 adjusted EPS and raised full-year guidance to a range of $12 to $14 per share. Jacobson tied GM's margin gains to incentive discipline, running at 4.7% of MSRP versus the 6.3% industry average …