5 Best Car Stocks to Buy in 2026

2. General Motors Company (NYSE:GM)

General Motors Company (NYSE:GM) is one of the best car stocks to buy in 2026. On March 25, Wolfe Research upgraded its rating on General Motors Company (NYSE:GM) from Peer Perform to Outperform. The firm said that the recent market sell-off has created attractive buying opportunities in parts of the auto industry.

Wolfe Research noted that “auto stocks often are among the main targets when macro concerns escalate.” However, the research firm added that history shows such periods “can also present interesting buying opportunities.”

Over the past three weeks, the average auto stock has dropped about 8%. Wolfe Research pointed out that after updating its expectations for production and commodity trends, “the risk/reward profile now appears more attractive for select names.”

The research firm said that investors may be “underappreciating the magnitude of potential tailwinds into 2027” for General Motors Company (NYSE:GM). These include a new full-size pickup expected to bring in around $1.7 billion, lower warranty costs, reduced tariff costs, and “further improved EV losses.” Wolfe Research now forecasts earnings per share of $12.37 in 2026 and $16.03 in 2027 for General Motors Company (NYSE:GM).

General Motors Company (NYSE:GM) is an American multinational automotive manufacturing company that is widely known for its Chevrolet, Buick, GMC, and Cadillac brands.