Toyota is considering producing the next version of its top-selling RAV4 SUV in the United States, three people familiar with the matter said, becoming the latest automaker to rethink supply chains to lessen the hit from U.S. tariffs on imported vehicles.
Toyota Motor (TM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Toyota Motor Corporation shares have outperformed peers, down only -2.55% following Liberation Day. Despite Japan initiating the negotiation process with the US, the 25% automotive tariff still stands. Tariffs are impacting all automotive OEMs and may potentially lead to consumer migration to Toyota as the automaker's vehicles are seen as a budget-friendly product. Management is investing in training staff and expanding into growth areas in the US and China with new battery and battery-electric vehicle production.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Zacks.com users have recently been watching Toyota Motor (TM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The latest trading day saw Toyota Motor Corporation (TM) settling at $160.34, representing a +1.08% change from its previous close.
Short-term volatility is whipsawing the S&P 500 and global equity markets, and the root cause appears to be the latest wave of trade tariff announcements by President Trump.
Toyota aims to have about 15 electric vehicle models developed on its own by 2027 and is targeting production of about 1 million cars a year by then, the Nikkei newspaper said on Sunday.
Tariffs will quickly slow U.S. car sales. However, some brands have models with almost no inventory.
Toyota Motors' North American unit reported a rise of about 1% in first-quarter U.S. vehicle sales on Tuesday, fueled by demand for its pickup trucks and luxury models.
Japanese carmakers are in dire straits, with Toyota likely to be the worst hit due to their huge U.S. exposure, according to Vivek Vaidya, global client leader for mobility at research firm Frost & Sullivan. President Donald Trump on Wednesday announced sweeping 25% tariffs on cars "not made in the U.S.," sending shockwaves through global automakers.
In the latest trading session, Toyota Motor Corporation (TM) closed at $176.53, marking a -1.42% move from the previous day.