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Founded in 1937, Toyota is one of the world's largest automakers, with 10.56 million units sold at retail in fiscal 2023 across its light-vehicle brands. Brands include Toyota, Lexus, Daihatsu, and truckmaker Hino; market share in Japan is about 51% excluding mini-vehicles, while U.S. share is around 15%. The firm also owns 3.3% of Denso, a parts supplier, about 20% of Subaru, and holds investments in many other firms, including shares of Uber Technologies, Joby Aviation, Aurora Innovation, Isuzu Motors, and about 5% in each of Mazda and Suzuki. Fiscal 2023 sales excluding financial services were JPY 34.4 trillion. Toyota also has a financing arm and manufactures homes and boats.
Toyota Motor trades on the NYSE stock market under the symbol TM.
As of March 28, 2024, TM stock price declined to $251.68 with 122,847 million shares trading.
TM has a beta of 1.14, meaning it tends to be more sensitive to market movements. TM has a correlation of 0.25 to the broad based SPY ETF.
TM has a market cap of $339.36 billion. This is considered a Mega Cap stock.
In the last 3 years, TM stock traded as high as $255.23 and as low as $130.07.
The top ETF exchange traded funds that TM belongs to (by Net Assets): FVD, AVDE, AVIV, APIE, KOMP.
TM has outperformed the market in the last year with a price return of +83.8% while the SPY ETF gained +33.6%. TM has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +39.3% and +8.1%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
TM support price is $248.11 and resistance is $256.19 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TM stock will trade within this expected range on the day.