Lithia Motors (NYSE:LAD) Moves On Wolfe Research Initiating Coverage of Shares

October 2, 2018 - By Nellie Frank

Lithia Motors, Inc. (NYSE:LAD) Logo

Investors sentiment decreased to 1.33 in Q2 2018. Its down 0.07, from 1.4 in 2018Q1. It dived, as 24 investors sold Lithia Motors, Inc. shares while 62 reduced holdings. 34 funds opened positions while 80 raised stakes. 24.08 million shares or 1.57% more from 23.71 million shares in 2018Q1 were reported.

Indexiq Advsrs Limited owns 21,760 shares for 0.06% of their portfolio. Moreover, Voya Invest Mgmt Lc has 0.12% invested in Lithia Motors, Inc. (NYSE:LAD). Advisory Ltd Limited Liability Company has invested 0% in Lithia Motors, Inc. (NYSE:LAD). Cap Finance Advisers Ltd Limited Liability Company accumulated 0% or 6,622 shares. 10,648 are owned by State Board Of Administration Of Florida Retirement Sys. D E Shaw Inc holds 0% or 24,808 shares in its portfolio. Fifth Third Financial Bank has invested 0% in Lithia Motors, Inc. (NYSE:LAD). Blackrock, a New York-based fund reported 4.03M shares. Automobile Association accumulated 240,867 shares. Park West Asset Management Limited Liability owns 1.07 million shares. Fmr Limited Liability reported 0% stake. Amalgamated Bancshares holds 3,709 shares or 0.01% of its portfolio. Punch Associate Investment holds 94,027 shares or 0.73% of its portfolio. 118,265 are owned by Deutsche Fincl Bank Ag. Invesco Limited reported 0% in Lithia Motors, Inc. (NYSE:LAD).

Since May 22, 2018, it had 2 buys, and 4 sales for $7.39 million activity. $1.59M worth of Lithia Motors, Inc. (NYSE:LAD) was sold by DEBOER SIDNEY B on Friday, June 8. $99,773 worth of Lithia Motors, Inc. (NYSE:LAD) shares were bought by North John F.

How Wolfe Research Currently Rates Lithia Motors (NYSE:LAD)

New York: Lithia Motors (NYSE:LAD) coverage was started with a Peer Perform rating by research analysts at Wolfe Research. This was shared with investors and clients in a research report on Tuesday, 2 October.

Lithia Motors, Inc. (NYSE:LAD) Ratings Coverage

Among 4 analysts covering Lithia Motors (NYSE:LAD), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Lithia Motors has $107 highest and $100 lowest target. $103.50’s average target is 29.99% above currents $79.62 stock price. Lithia Motors had 5 analyst reports since April 16, 2018 according to SRatingsIntel. Morgan Stanley maintained the stock with “Overweight” rating in Wednesday, August 15 report. The stock of Lithia Motors, Inc. (NYSE:LAD) has “Buy” rating given on Friday, September 21 by Guggenheim. The firm has “Hold” rating given on Monday, April 16 by Guggenheim. The company was maintained on Thursday, July 26 by Buckingham Research. As per Wednesday, July 25, the company rating was downgraded by Stephens.

The stock decreased 1.58% or $1.28 during the last trading session, reaching $79.62. About 159,668 shares traded. Lithia Motors, Inc. (NYSE:LAD) has declined 26.05% since October 2, 2017 and is downtrending. It has underperformed by 41.67% the S&P500.

Analysts await Lithia Motors, Inc. (NYSE:LAD) to report earnings on October, 24. They expect $2.59 EPS, up 18.81 % or $0.41 from last year’s $2.18 per share. LAD’s profit will be $62.68M for 7.69 P/E if the $2.59 EPS becomes a reality. After $2.52 actual EPS reported by Lithia Motors, Inc. for the previous quarter, Wall Street now forecasts 2.78 % EPS growth.

Lithia Motors, Inc. operates automotive franchises, and retails new and used vehicles in the United States. The company has market cap of $1.93 billion. The firm operates in three divisions: Domestic, Import, and Luxury. It has a 7.86 P/E ratio. It sells new and used cars, replacement parts, vehicle service contracts, vehicle protection products, and credit insurance products; provides vehicle maintenance, warranty, paint, and repair services; and arranges related financing.

More notable recent Lithia Motors, Inc. (NYSE:LAD) news were published by: Bizjournals.com which released: “Lithia invests $54M in, teams up with San Francisco e-commerce company” on September 13, 2018, also Seekingalpha.com with their article: “When To Buy Lithia Motors” published on October 01, 2018, Seekingalpha.com published: “Is Lithia Worth An Investment?” on September 18, 2018. More interesting news about Lithia Motors, Inc. (NYSE:LAD) were released by: Seekingalpha.com and their article: “Lithia Motors’ (LAD) CEO Bryan DeBoer Announces Strategic Partnership with Shift Technologies Transcript” published on September 14, 2018 as well as Benzinga.com‘s news article titled: “40 Stocks Moving In Friday’s Mid-Day Session” with publication date: September 21, 2018.

Lithia Motors, Inc. (NYSE:LAD) Institutional Positions Chart

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