A toy vehicle is disclosed. The toy vehicle includes a body and portions or mechanisms that are movably coupled to the body. The movable portions are repositionable with respect to the body. The toy vehicle includes an actuator that can be moved relative to the body. Movement of the actuator causes at least one of the movable portions to be repositioned or moved relative to the body. The repositioning of the movable portions results in the toy vehicle having different configurations. The actuator can be placed in one of several positions relative to the body. The movement of the actuator from a first position to a second position causes a movable portion to move from a first position to a second position. The movement of the actuator from its second position to a third position causes another movable portion to move from its first position to its second position.