General Motors will move its stock listing to the Nasdaq from the New York Stock Exchange, the Detroit carmaker said on Tuesday, a switch that makes it eligible for the Nasdaq-100 index.
GM shares are expected to trade on the NYSE through the market close on November 16 and to begin trading on the Nasdaq Global Select Market on November 17, the company said. The ticker will remain “GM.”
“GM’s customer-focused, technology-driven strategy is creating value for our stockholders, making Nasdaq a natural home for our listing as we grow,” said Paul Jacobson, Executive VP and Chief Financial Officer.
“We’re grateful for our long-standing partnership with the New York Stock Exchange and its remarkable legacy,” he said.
Existing stockholders do not need to take any action, GM noted.
The Nasdaq-100 angle
GM said the Nasdaq listing “provides eligibility for potential inclusion in the Nasdaq-100 Index.” It did not say when it expects that could happen.
The index tracks the 100 largest non-financial companies listed on the Nasdaq. Under Nasdaq’s published methodology, a company “must be primarily listed on a U.S. Nasdaq-affiliated exchange.”
Funds that track the Nasdaq-100 buy shares of companies when they join the index, which can add demand for the stock.
The timing of the switch lines up with the index’s annual reconstitution.
Nasdaq ranks eligible companies by market value on the last trading day of November, which falls on November 30 this year, two weeks after GM’s planned move. Changes take effect at the market open on the first trading day after the third Friday of December, which would be December 21.
The methodology requires at least three full calendar months of trading history, but it counts time on the NYSE toward that requirement. Whether GM is added in December is up to Nasdaq’s annual review, and neither company has said it will be.
Companies can also enter the index between reviews under a “fast entry” rule, but only if their market value ranks within the top 40 current members.
GM had a market value of about $64.8 billion at Monday’s close of $76.31. As of press time, the stock was trading 2.08% higher at $77.90.
Following Walmart
GM is the second large company in a year to leave the NYSE for the Nasdaq with an eye on the index.
Walmart moved its listing to the Nasdaq on December 9, 2025, after about five decades on the NYSE. It joined the Nasdaq-100 on January 20, 2026, replacing AstraZeneca, Nasdaq said.
The switch puts GM on the same exchange as Tesla, the most valuable carmaker in the world and a Nasdaq-100 member, and EV makers Rivian and Lucid. Crosstown rival Ford remains listed on the NYSE.
Sixteen years on the Big Board
The current GM returned to the NYSE in a then-record initial public offering that raised about $20 billion, with shares starting to trade on November 18, 2010. The listing came a year after the old General Motors went through bankruptcy and a government-backed restructuring.
The company also listed its shares in Toronto at the time. It delisted from the Toronto Stock Exchange in November 2017, saying the costs of a dual listing were “no longer justified” given low trading volume there.
The Nasdaq debut on November 17 will come almost exactly 16 years after that return.
A buyback and a cash flow upgrade
The move comes a week after GM reported third-quarter results that beat expectations and approved a new $20 billion share repurchase program.
Adjusted earnings before interest and taxes rose 21.6% to $4.1 billion on revenue of $50 billion. Net income attributable to stockholders more than doubled to $3.34 billion, helped by smaller charges tied to its EV pullback, which fell to $238 million from $1.59 billion a year earlier.
GM narrowed its full-year guidance for adjusted earnings before interest and taxes to $14.5 billion to $15.5 billion, keeping the $15 billion midpoint. It raised its forecast for adjusted automotive free cash flow this year to $11.5 billion to $12.5 billion, from $9.5 billion to $11.5 billion.
The shares fell nearly 6% on the day of the results. They closed up 0.5% on Monday and are down about 6% this year.
GM’s US EV sales fell 61.7% to 25,473 in the third quarter from a year earlier, after the $7,500 federal tax credit expired at the end of September 2025.
GM sells cars under the Chevrolet, GMC, Buick and Cadillac brands, which it said in Tuesday’s release offer “the industry’s widest range of EVs” as it moves “to an all-electric future.”
That language sits alongside a sharp fall in EV demand. Cadillac was one of the strongest EV performers in September, with sales up 21.5% from August, according to Cox Automotive estimates, as the OPTIQ and LYRIQ gained ground.
