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PLANO, Texas - Toyota Motor North America, part of the $222.4 billion market cap Toyota Motor Corporation, reported Tuesday that electrified vehicles represented 46.8% of its June sales and over 48% of second quarter sales, highlighting the growing consumer shift toward hybrid and electric options. According to InvestingPro data, Toyota trades at an attractive P/E ratio of 6.81, suggesting potential undervaluation in the current market.
The automaker sold 193,248 vehicles in June, a slight increase of 0.1% on a volume basis compared to June 2024. Electrified vehicle sales for the month totaled 90,426 units, up 6.7% from the previous year.
For the second quarter, Toyota reported total sales of 666,469 vehicles, a 7.2% increase compared to the same period last year. Electrified vehicle sales reached 320,817 units, jumping 29.7% and accounting for 48.1% of the company’s total sales volume. The company maintains strong financial health with an overall InvestingPro score of "GOOD" and has generated revenue of $320.3 billion in the last twelve months, with 6.52% growth.
"Steady demand for our Toyota and Lexus brands resulted in strong sales throughout the second quarter," said Mark Templin, executive vice president and chief operating officer at Toyota Motor North America, in a press release statement.
The Toyota division posted June sales of 165,174 vehicles, up 0.2%, while Lexus division recorded 28,074 vehicles, down 0.9% compared to June 2024.
Notable second quarter performers included the Sienna with a 73.9% increase, Tacoma pickup with 48.4% growth, and Grand Highlander with a 31.3% rise. For Lexus, the GX saw an 82.7% increase, while the TX model was up 32.9%.
Toyota currently offers 32 electrified vehicle options across its Toyota and Lexus brands, which the company states is the most among any automaker. The company plans to begin manufacturing automotive batteries for electrified vehicles at its North Carolina plant in 2025. For detailed analysis of Toyota’s growth prospects and additional insights, InvestingPro subscribers can access over 5 more exclusive ProTips and comprehensive financial metrics.
In other recent news, Toyota Group has announced a significant restructuring plan to privatize Toyota Industries Corporation. This strategic move involves a tender offer for shares and the establishment of a new holding company, with Toyota Fudosan Co., Ltd. committing approximately 180 billion yen to the effort. Akio Toyoda, the group’s leader, is also investing 1 billion yen, and Toyota Motor Corporation will contribute around 700 billion yen in non-voting preferred shares. This financial reshuffle is part of Toyota Group’s broader strategy to transition into a mobility-focused company, with Toyota Industries specializing in logistics and eco-friendly technologies. Meanwhile, Toyota reported a rise in global sales and production for the fourth consecutive month in April, with global sales increasing by 10% to 876,864 vehicles. The U.S. market mirrored this growth, driven by strong demand and a surge in hybrid vehicle sales, which accounted for about 44% of Toyota’s total worldwide sales. Additionally, Toyota’s global vehicle production saw an 8% increase year-on-year, reaching 814,787 vehicles. This growth was supported by increased production across several regions, including Japan, North America, South America, and China.
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