General Motors Co.

(NYSE:GM) shares are extending their post-earnings rally on Wednesday as a wave of analyst price target increases piled on top of yesterday's strong second-quarter results.

General Motors shares are climbing with conviction.

Why is GM stock surging?

GM Beats Expectations With Strong Q2 Earnings and Expanding Margins General Motors delivered adjusted diluted earnings of $3.57 per share in the second quarter, clearing the $3.20 consensus by a meaningful margin, while revenue of $48.03 billion came in roughly $1 billion ahead of expectations.