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General Motors (NYSE: GM) reported first-quarter results that were significantly better than experts had expected. Plus, the company raised its full-year guidance and gave encouraging updates on its electric vehicle progress and the Cruise automation platform. Despite the excellent results, GM still trades for a single-digit multiple of earnings. Could this be an incredible opportunity hiding in plain sight?

*Stock prices used were the afternoon prices of April 23, 2024. The video was published on April 23, 2024.

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Matt Frankel has positions in General Motors. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.