General Motors (GM) shares have jumped after the automaker delivered a third quarter earnings beat while raising its full-year guidance for the third time this year.

The earnings-fueled gains contributed to GM stock’s 50% year-to-date climb, as other legacy automakers struggle, like Ford (F).

Morningstar US autos equity strategist David Whiston joins Julie Hyman and Josh Lipton on Market Domination to break down what GM is doing differently than other automakers to support its stock growth.

GM is “controlling what they can control, particularly around costs… They've been continuing to cut capacity that goes back even to pre-pandemic,” Whiston tells Yahoo Finance. “The other thing they're doing that's helping the stock is about a year ago, they announced a massive accelerated share repurchase of $10 billion. And the stock has rallied considerably from the $20 [territory] now to over $50 since then.”

The strategist adds that General Motors has “kept the momentum up by delivering strong results, especially with this quarter. The 10% increase today, for example, with the stock, it's a luxury being an auto analyst to see that. Honestly, it doesn't happen very often.”

GM Chief Financial Officer Paul Jacobson sat down with Yahoo Finance executive editor Brian Sozzi earlier today to talk about the automaker's third quarter results.

To watch more expert insights and analysis on the latest market action, check out more Market Domination here.

This post was written by Naomi Buchanan.