NEW YORK (TheStreet) -- General Motors (GM) shares are up 1.1% to $35.24 in early market trading on Tuesday after reporting its best monthly sales performance in nearly six years.
U.S. vehicle sales rose 12.6% to 284,694 units in May, the company's best mark since August 2008.
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The automaker increased sales despite negative attention from its recent recall of millions of vehicles including reports that the company under reported the number of deaths attributed to the recalled vehicles.
Chrysler (FIATY), Ford (F), and Nissan (NSANY) also reported higher than expected U.S. auto sales for the month.
TheStreet Ratings team rates GENERAL MOTORS CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate GENERAL MOTORS CO (GM) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income."