GM’s Record Earnings Are Good News for Cars. Here’s What Wall Street Thinks.

General Motors

stock popped after fourth-quarter earnings beat the Street. Nervous investors, who fear rising rates and falling car prices, were happy. Wall Street is impressed too.

GM (ticker: GM), on Tuesday, reported Q4 operating profit of $3.8 billion from sales of $43.1 billion. Consensus estimates called for $3.2 billion in operating profit from $40 billion in sales.