Option chain shows key data for Hino Motors's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for Hino Motors.

Hino Motors (OTC:HINOY) Stock, Option Chain

Hino Motors

Hino Motors Ltd is a Japanese automobile manufacturer, and a subsidiary of Toyota Motor. The company primarily manufactures and sells medium and heavy commercial vehicles, such as trucks and buses, and light commercial vehicles under the Hino brand. These operations contribute the majority of consolidated revenue. In addition, Hino manufactures passenger vehicles under the Toyota brand, along with engines and spare parts. Domestic sales represent the largest share of Hino's revenue, with Asia excluding Japan the next most significant contributor.

California trucks

News

Tech

HINOY

STLA

Ford, GM, Other Truck Makers Unite With California Regulator To Clear The Air With 2045 Zero-Emission Pledge

BYD Photo by Philip Lange on Shutterstock

BYDDF

BYDDY

Toyota Motor Corp (NYSE: TM) unit Hino Motors Ltd. (OTC: HINOY) has canceled the sale of BYD Co Ltd.‘s (OTC: 

Warren Buffett-Backed BYD&#39;s Electric Bus Sales In Japan Scrapped By Hino Motors Over Toxic Substance Concerns

$BTC

$ETH

AAWW

BABA

MLCO

ORCL

PATH

Benzinga Before The Bell: Instagram Head To Relocate To London, SEC Charges 11 for $300M Crypto Ponzi Scheme, Oracle&#39;s Layoffs And Other Top Financial Stories Tuesday, August 2

Hino Motors Ltd

Toyota is top-selling automaker yet again, but testing scandal fallout looms

The auto industry is growing due to factors including solid consumer demand, the transition to electric vehicles, global supply chain improvements, and increased adoption of advanced automotive technologies. All these factors are contributing to its optimistic outlook. Therefore, investors could consider adding fundamentally strong auto stocks, Hino Motors (HINOY), Renault (RNLSY), and Blue Bird (BLBD) to their watchlist. Read more... The auto industry has been growing due to robust customer demand, rapid electric vehicle (EV) adoption and the growing interest around them, government incentives, and eased global supply chains. Moreover, the anticipated interest rate cuts by central banks around the world are expected to bolster the industry's expansion further.
Amid this backdrop, it could be wise to add fundamentally strong auto stocks, Hino Motors, Ltd. (<a href="https://stocknews.com/stock/HINOY/">HINOY</a>), Renault SA (<a href="https://stocknews.com/stock/RNLSY/">RNLSY</a>), and Blue Bird Corporation (<a href="https://stocknews.com/stock/BLBD/">BLBD</a>) to one's watchlist.
Before delving deeper into their fundamentals, let's discuss what's shaping the auto industry's prospects.
Last year, the auto industry rebounded strongly despite high inflation and rising interest rates, with manufacturers ramping up production to meet demand and benefiting from eased supply chains. This year, despite challenges such as higher vehicle prices, the industry is set for growth driven by manufacturer promotions, increasing electric vehicle adoption, rising disposable incomes, and technological advancements.
The industry is expected to benefit from interest rate cuts this year as it will make borrowing cheaper. Global automotive sales are projected to grow from 91 million units last year to <a href="https://finance.yahoo.com/news/global-automotive-industry-outlook-total-141700708.html">96 million units this year</a>, growing at a rate between 5% and 7% year-over-year.
Electric vehicles are becoming more popular, boosting the auto industry. With concerns about the environment, availability of charging stations, lower prices, and government support, electric cars are in high demand. According to BloombergNEF's electric vehicle outlook, there will be <a href="https://assets.bbhub.io/professional/sites/24/2431510_BNEFElectricVehicleOutlook2023_ExecSummary.pdf">730 million passenger EVs</a> on the road in 2040, reaching 44% of global passenger vehicle sales by 2030.
Meanwhile, U.S. new vehicle sales are expected to rise by <a href="https://www.reuters.com/business/autos-transportation/us-new-vehicle-sales-rise-1-2024-report-2023-12-13/">1% to 15.7 million units this year</a>, facing potential demand pressures from high interest rates despite improved vehicle supply. The share of electric vehicles in total new vehicle sales is expected to increase to 8% in 2024, up from 6.9% in November 2023.
Considering these conducive trends, let's analyze the fundamental aspects of the three <a href="https://stocknews.com/category/auto-vehicle-makers/">Auto &amp; Vehicle Manufacturers</a> picks, beginning with the third choice.
Stock #3: Hino Motors, Ltd. (<a href="https://stocknews.com/stock/HINOY/">HINOY</a>)
Headquartered in Hino, Japan, HINOY manufactures and sells large commercial vehicles under the Hino brand worldwide. It offers trucks and buses, light commercial vehicles, and passenger vehicles, as well as various engines, service parts, etc.
In terms of forward <a href="https://www.investopedia.com/terms/e/enterprisevaluesales.asp">EV/Sales</a>, HINOY's 0.39x is 78.5% lower than the 1.79x industry average. Its 11.13x forward EV/EBITDA is 5.9% lower than the 11.83x industry average. Likewise, its 0.18x forward Price/Sales is 87.5% lower than the 1.43x industry average.
For the third quarter that ended December 31, 2023, HINOY's net sales increased 2.8% year-over-year to ¥1.14 trillion ($7.69 billion). Its operating income came in at ¥4.67 billion ($31.45 million). The company's ordinary income stood at ¥4.06 billion ($27.37 million).
Additionally, its total assets came in at ¥1.40 trillion ($9.46 billion), compared to ¥1.36 trillion ($9.17 billion) at the end of the fiscal year ended March 31, 2023.
Street expects HINOY's revenue for the quarter ending September 30, 2024, to increase 17.3% year-over-year to $3.01 billion. Its EPS for fiscal 2024 is expected to increase 65.7% year-over-year to $10.32 billion. Over the past month, the stock has gained 3.6% to close the last trading session at $33.25.
HINOY's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. It has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It is ranked #22 out of 51 stocks in the <a href="https://stocknews.com/category/auto-vehicle-makers/">Auto &amp; Vehicle Manufacturers</a> industry. It has a B grade for Value and Stability. To see HINOY's Growth, Momentum, Sentiment, and Quality ratings, <a href="https://stocknews.com/stock/HINOY/">click here</a>.
Stock #2: Renault SA (<a href="https://stocknews.com/stock/RNLSY/">RNLSY</a>)
Based in Boulogne-Billancourt, France, RNLSY engages in the design, manufacture, sale, repair, maintenance, and leasing of motor vehicles. It also participates in the design and production of parts and equipment used for manufacturing and operating vehicles. The company operates through Automotive, Sale Financing, and Mobility Services segments.
In terms of forward EV/EBITDA, RNLSY's 7.52x is 23.6% lower than the 9.83x industry average. Its 1.04x forward EV/Sales is 13.9% lower than the 1.21x industry average. Likewise, its 0.18x forward Price/Sales is 80.3% lower than the 0.91x industry average.
RNLSY's group revenues for the six months ended June 29, 2023, increased 27.3% year-over-year to €26.85 billion ($29 billion). Its operating income increased 127.1% year-over-year to €2.10 billion ($2.26 billion). The company's net income and group share came in at €2.09 billion ($2.25 billion), compared to a net loss of €1.37 billion ($1.48 billion) in the year-ago period.
Moreover, its free cash flow increased 85.7% year-over-year to €1.78 billion ($1.92 billion). Also, its income per share came in at €7.70.
Street expects RNLSY's revenue for the quarter ended December 31, 2023, to increase 3.2% year-over-year to $17.07 billion. Its EPS for fiscal 2023 is expected to increase 16.3% year-over-year to $57.58 billion. Over the past three months, the stock has gained 6.2% to close the last trading session at $7.62.
RNLSY's solid prospects are reflected in its POWR Ratings. It has an overall rating of B, which translates to a Buy in our proprietary rating system.
It has an A grade for Growth and Value and a B for Stability. Within the same industry, it is ranked #20. Beyond the grades mentioned, we have also rated RNLSY for Momentum, Sentiment, and Quality. Get all ratings <a href="https://stocknews.com/stock/RNLSY/">here</a>.
Stock #1: Blue Bird Corporation (<a href="https://stocknews.com/stock/BLBD/">BLBD</a>) 
BLBD designs, engineers, manufactures, and sells school buses and related parts in the United States, Canada, and internationally. It operates through two segments: Bus and Parts.
On January 16, 2024, BLBD announced its reception of the largest single order of electric school buses from the Los Angeles Unified School District, totaling 180 buses, aiding the district's shift to zero-emission student transportation, with delivery anticipated starting October 2024.
In terms of forward non-GAAP P/E, BLBD's 16.19x is 13.8% lower than the 18.79x industry average. Its 0.86x forward EV/Sales is 52.1% lower than the 1.79x industry average. Likewise, its 11.37x forward EV/EBIT is 31.4% lower than the 16.56x industry average.
BLBD's net sales for the fiscal fourth quarter ended September 30, 2023, increased 17.6% year-over-year to $302.96 million. Its non-GAAP net income and EPS came in at $21.35 million and $0.66, respectively, compared to a non-GAAP net loss and loss per share of $21.38 million and $0.66.
For the quarter ended December 31, 2023, BLBD's revenue is expected to increase 16.7% year-over-year to $275.13 million. Its EPS for the quarter ending March 31, 2024, is expected to increase 100.3% year-over-year to $0.54. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 98% to close the last trading session at $30.91.
BLBD's POWR Ratings reflect its positive outlook. It has an overall rating of B, equating to a Buy in our proprietary rating system.
Within the Auto &amp; Vehicle Manufacturers industry, it is ranked #18. It has an A grade for Quality and a B for Growth. <a href="https://stocknews.com/stock/BLBD/">Click here</a> to see BLBD's Value, Momentum, Stability, and Sentiment ratings.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
RNLSY shares were trading at $7.67 per share on Monday afternoon, up $0.05 (+0.64%). Year-to-date, RNLSY has declined -5.43%, versus a 3.71% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/rnlsy-hinoy-blbd-3-weekly-auto-stock-gainers-to-watch-closely/>3 Weekly Auto Stock Gainers to Watch Closely</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Weekly Auto Stock Gainers to Watch Closely

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Overlooked <a href="https://investorplace.com/industries/consumer-discretionary/automotive/electric-vehicles/">EV stocks</a> are an appealing investment case in 2024 since, by the end of a year that will also see a decrease in the benchmark interest rate, sales of electric vehicles will <a href="https://www.iea.org/energy-system/transport/electric-vehicles">reach over 17 million units</a> or more than 20% of all new automobiles sold globally. When comparing the first quarter of 2024 to the same time in 2023, EV sales increased by almost 25%, illustrating sound progress toward this goal.



By 2024, EV sales are expected to account <a href="https://www.iea.org/reports/global-ev-outlook-2024/trends-in-electric-cars">for more than 11%</a> of new vehicle sales in the U.S., but China remains the biggest market, accounting for around 60% of all EV sales worldwide.



In dollar terms, estimates peg the industry <a href="https://www.statista.com/outlook/mmo/electric-vehicles/worldwide">value at $623.3 billion</a>, with forecasts for it to grow to $906.7 billion by 2028. Overlooked EV stocks are a great way to play this expanding market, especially with the prospects for interest rates going down this year, prompting further cash infusions into the stock market.



With upsides of 50% to over 100%, pick-and-shovel overlooked EV stocks are in a stronger position than out-and-out EV stocks since they haven&rsquo;t profited as much from the Q1&rsquo;24 rally. Although one rate drop this year is disappointing, we are in an election year, so additional domestic policy actions like the <a href="https://www.whitehouse.gov/cleanenergy/inflation-reduction-act-guidebook/">Inflation Reduction Act</a> will lead to an outsized impact on these overlooked EV stocks.



<h2>Blink Charging (BLNK)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/04/blnk-stock-300x169.jpg" alt="a blink charging station, BLNK stock"><div>Source: David Tonelson/Shutterstock.com</div></div>Blink Charging (NASDAQ:<a href="https://investorplace.com/stock-quotes/blnk-stock-quote/">BLNK</a>) stock is down 50% this year, <a href="https://finance.yahoo.com/news/blink-charging-co-surpasses-analyst-191611692.html">despite its Q1 2024 quarterly loss</a> of $0.13 per share being smaller than analysts&rsquo; $0.24 loss per share, and its revenues of $37.57 million topping analysts&rsquo; projection of $33.38 million by 12.55%.



Product sales for Blink Charging rose 68% to $27.5 million in 2023, increasing customer numbers buying commercial charges drove this surge.



Carsharing, network fees, and service charges drove a 72% increase in service revenues to $8.2 million as more people used Blink&rsquo;s chargers locally and abroad and added carshare programs.



Besides the earnings beat, BYD&rsquo;s (OTCMKTS:<a href="https://investorplace.com/stock-quotes/byddy-stock-quote/">BYDDY</a>) official dealership in Mexico Grupo Fame, <a href="https://finance.yahoo.com/news/byd-official-dealership-mexico-owned-121500425.html">selected</a> Blink Charging for EV charging. Additionally, the dealership will install Blink Level 2 chargers and soon add DC fast chargers to boost its EV infrastructure.



In addition, Keystone Purchasing Network <a href="https://blinkcharging.com/news/keystone-purchasing-network-exclusively-chooses-blink-charging">is hiring</a> Blink Charging as its exclusive EV charging supplier.



On the product side, Blink Charging is <a href="https://www.reuters.com/business/autos-transportation/blink-launch-fast-charger-evs-with-teslas-charging-port-2023-06-12/">integrating</a> North American charge standard (NACS) connections to all its charging devices, making Blink&rsquo;s chargers more user-friendly and compatible with more EV vehicles. Consensus views <a href="https://www.tipranks.com/stocks/BLNK/forecast">point to a potential 107% upside</a>.



<h2>EVgo (EVGO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/evgo-clii-stock-300x169.jpg" alt="EVgo fast charging station"><div>Source: Sundry Photography / Shutterstock.com</div></div>EVgo (NASDAQ:<a href="https://investorplace.com/stock-quotes/evgo-stock-quote/">EVGO</a>) recorded <a href="https://investors.evgo.com/news/news-details/2024/EVgo-Inc.-Reports-Record-First-Quarter-2024-Results/default.aspx#:~:text=Revenue%20reached%20a%20record%20%2455.2,including%20EVgo%20eXtend%E2%84%A2%20stalls.">record revenue of $55.2 million</a> for the first quarter of 2024, up 118% from the previous year. Additionally, the network throughput increased by 194% from the previous year to a record 53 gigawatt-hours (GWh), and EVgo installed 250 additional operating slots.



In the first quarter of 2024, the EVGO network was used about 19% of the time, up from 9% during the same time last year; the upside on EVGO stock is phenomenal at 106%, making it one of the top overlooked EV stocks.



With the help of key site host partners, EVgo found more than 100,000 possible charging stations and is now focusing on putting more fast charging stations in places that are easy for cars to access.



In addition, drivers who buy or lease a new 2024 bZ4X will get a year of free, fast charging as part of EVgo&rsquo;s <a href="https://investors.evgo.com/news/news-details/2024/EVgo-and-Toyota-Extend-Agreement-to-Provide-One-Year-of-Complimentary-Fast-Charging-to-2024-bZ4X-Customers/default.aspx">expanded partnership</a> with Toyota (NYSE:<a href="https://investorplace.com/stock-quotes/tm-stock-quote/">TM</a>).



Furthermore, EVgo said that later in 2024 it will <a href="https://www.evgo.com/press-release/evgo-doubles-down-on-commitment-to-begin-nacs-deployments-in-2024/">start adding NACS connections</a> to its fast-charge network.



<h2>Panasonic (PCRFY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/pcrfy1600a-300x169.jpg" alt="A Panasonic (PCRFY) sign hanging in Beijing, China. generation z"><div>Source: testing/Shutterstock.com</div></div>Panasonic&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/pcrfy-stock-quote/">PCRFY</a>) is adopting Titan Silicon anode material from Sila Nanotechnologies to create better EV batteries with greater energy.



In addition, Panasonic <a href="https://www.kansascommerce.gov/2022/07/kansas-lands-4b-4000-job-panasonic-energy-electric-vehicle-battery-plant/">is investing $4 billion</a> in De Soto, Kansas, to construct the world&rsquo;s largest EV battery facility, which will create jobs for 4,000 people and provide Tesla (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>) with high-capacity lithium-ion batteries.



Panasonic Energy batteries will be <a href="https://news.panasonic.com/global/press/en240520-2">used in the upcoming</a> Tern zero-emission automobiles. This is their first industrial car. In collaboration with Hexagon Purus (OTCMKTS:<a href="https://investorplace.com/stock-quotes/hpurf-stock-quote/">HPURF</a>) and Hino Motors (OTCMKTS:<a href="https://investorplace.com/stock-quotes/hinoy-stock-quote/">HINOY</a>), this project produces batteries for the U.S. market for the RC8, a battery-electric Class 8 tractor.



Moreover, Panasonic plans to double its production of batteries for electric vehicles by 2030 <a href="https://holdings.panasonic/global/corporate/panasonic-green-impact/challenge.html">as part of the Green IMPACT initiative</a>; Panasonic hopes to reach net-zero emissions and eliminate 300 million tons of CO2 emissions by 2050.



Another step in the right direction is that Panasonic and Novonix (OTCMKTS:<a href="https://investorplace.com/stock-quotes/nvnfx-stock-quote/">NVNFX</a>) <a href="https://na.panasonic.com/us/news/panasonic-energy-partners-novonix-sustainable-synthetic-graphite-supply-ev-battery-production">have teamed to acquire</a> synthetic graphite for EV batteries.<a href="https://investorplace.com/stock-quotes/-stock-quote/"></a> Panasonic intends to use this agreement to improve its supply chain and cut its carbon footprint from 2022 levels by 50% by 2031.



Aside from its EV intentions, investors can take solace in Panasonic&rsquo;s revenue diversity since it can keep investing in EVs while having diversification buffer its performance; analysts are predicting an upside of 48.5%.



On the date of publication, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&amp;P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT802110">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT766411">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget A.I. THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
The post <a href="https://investorplace.com/2024/06/ride-the-ev-wave-3-overlooked-stocks-fueling-the-electric-vehicle-revolution/">Ride the EV Wave: 3 Overlooked Stocks Fueling the Electric Vehicle Revolution</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Comments

Hino Motors

Hino Motors (HINOY) Options

No option chain data available. Please try again later

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga