Record U.S. sales for Nissan

Article Excerpt

NISSAN MOTOR (ADR) $21.01 (Nasdaq symbol NSANY; TSINetwork Rating: Above Average) (310-771-3111; www.nissan-global.com; Shares outstanding 2.3 billion; Market cap: $47.7 billion; Dividend yield: 2.8%) is Japan’s secondlargest automaker, after Toyota. In April 2015, the company sold a record 109,848 vehicles in the U.S., up 5.7% from April 2014. However, that missed the consensus forecast of a 7.7% gain. Truck sales (44% of the total) rose 23.1%, thanks to new models such as its updated Rogue (up 44.5%) and Murano (up 72.9%) sport utility vehicles. However, car sales (56%) fell 5.0%. That’s partly because low gas prices have hurt sales of Nissan’s smaller, fuel-efficient vehicles, such as its Leaf electric car. Nissan is a buy. buy…