Fiat Chrysler (FCAU) Stock Jumps on Record June Jeep Sales

Shares of Fiat Chrysler (FCAU) are climbing today as the company announces its best June sales in over a decade.
By Rachel Aldrich ,

NEW YORK (TheStreet) -- Shares of Fiat Chrysler Automobiles (FCAU) - Get Report are higher by 2.53% to $6.28 this morning after reporting a banner month for U.S. auto sales, led by the company's popular Jeep brand.

The Italian-U.S. auto company saw a 6.5% rise in June auto sales, totaling 197,073 vehicles. This year marked Fiat Chrysler's best June sales in over a decade.

Jeep sales specifically climbed 17%, with many of the crossover vehicle's models - such as the Wrangler, Compass and Renegade - recording their best June sales ever. The brand's popularity climbed throughout the month as summer approached.

The auto sector overall is on track to see an 11-year industry high, due to increased buyer confidence fueled by lower gasoline prices and easy credit, MarketWatch reports.

Separately, TheStreet Ratings rated this stock as a "hold" with a ratings score of C.

The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth and solid stock price performance. However, TheStreet Ratings also finds weaknesses including weak operating cash flow, disappointing return on equity and poor profit margins.

You can view the full analysis from the report here: FCAU

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

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