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Will Toyota (TM) Stock Be Lifted by Robust April Auto Sales?

NEW YORK (TheStreet) -- Toyota Motor (TM - Get Report) shares are tumbling 1.24% to $101.20 on Tuesday afternoon despite reporting better-than-expected U.S. auto sales for the month of April this morning.

Boosted by strong sales in crossovers, sport-utility vehicles and pickup trucks due to low gasoline prices, U.S. sales increased 3.8% year-over-year in April to 211,125 units, while analysts had expected a growth of 3.6%.

"The industry had its strongest April in more than 10 years, possibly a best-ever month," said Bill Fay, Toyota division group VP and general manager.

Specifically, sales at the Toyota...


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