Rev Your Engines: Why Toyota Is the Best Auto Stock to Own Now
TMToyota(TM) investorplace.com·2024-05-17 18:00

A successful focus on gas-electric hybrid vehicles has led to Toyota Motor Corp.’s (NYSE:TM) sales and profits surging, making TM stock the best automotive buy out there. In the last 12 months, TM stock has risen 55%, including a 21% gain so far this year. Compare that to a 9% increase in the share price of Ford Motor Co. (NYSE:F) and a 5% gain in the stock of Tesla (NASDAQ:TSLA) over the last 12 months. It rose because of stellar earnings reports and an electrification strategy that analysts are bullish on ...