For last month Toyota posted a 3% increase in U.S. sales to $183,346 vehicles, Reuters reports. Analysts had expected a 2.1% increase for November 2014.
The rise in sales can be attributed to the Lexus luxury brand, which experienced its "best November sales ever," the Associated Press reports.
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"Auto industry sales during Thanksgiving weekend were even better than expected," Toyota division group vice president and general manager Bill Fay told AP.
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Separately, TheStreet Ratings team rates TOYOTA MOTOR CORP as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate TOYOTA MOTOR CORP (TM) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."