HomeWhere to buy Toyota shares (TM) on stronger April sales?

Where to buy Toyota shares (TM) on stronger April sales?

Toyota share price is up 38.5% in the last twelve months.

Toyota Motor Corporation (TM) is an automobile manufacturer with sales all over the world. One of the leaders in its industry, Toyota builds and sells passenger vehicles such as hybrid cars (e.g. Prius, Camry, Crown, Corolla), fuel cell vehicles (e.g. Mira, Sora), and conventional engined vehicles (e.g. Yaris, Roomy, Vios).

It also runs a financial services division, as most automakers do. It deals with retail financing and leasing, insurance and wholesale financing.

The company is listed on the New York Stock Exchange (NYSE) under the ticker TM and employs over 360,000 people worldwide. Toyota is headquartered in Japan.

Where Can I Buy Toyota Shares (TM)?

eToro

eToro is one of the leading names in the online trading industry. It offers a wide range of products and services that give traders the opportunity to gain exposure to various financial assets. Offering most of its products in the form of a CFD (Contract for Difference), eToro is able to provide investors access to Toyota shares at the lowest possible commissions.

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Plus500

Plus500 has earned its reputation as one of the most popular brokers among retail traders. The official sponsor of Atletico Madrid, one of the leading football clubs in Spain, Plus500 gives access to over 2,000 instruments on various markets such as commodities, options, Forex, or shares, to name just a few. For those interested in buying Toyota shares, Plus500’s offering is optimised to the retail trader’s needs.

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Toyota sales jumped 182% in April

This month Toyota delivered its results for FY 2021. U.S. sales jumped 182.6% in April, much more than analysts had expected, while APV sales were up over 500%. Moreover, European passenger car registrations were also released this month, revealing a strong position for Toyota, up 244% in April.

Furthermore, Toyota’s forward-looking guidance looks promising. The company expects an increase of 10.2% in sales revenues for the FY2022 when compared to FY2021, a rise of 13.8% in operating income over the same period, and a 6.1% increase in income before taxes.

Toyota offers a great way to diversify from an electric-vehicle-only exposure while having a strong foothold in the worldwide auto industry. Most of the rise in sales were due to increased prices, hence increasing margins for the company, as inflation fears mount around the world.

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