Wolfe Research Begins Coverage on Lithia Motors (LAD). What’s Next?

October 2, 2018 - By Ruchi Gupta

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.

1.03 million are held by Dimensional Fund L P. Haverford holds 0.29% of its portfolio in Lithia Motors, Inc. (NYSE:LAD) for 8,199 shares. Qs Investors invested in 0% or 6 shares. Comerica Natl Bank, a Michigan-based fund reported 29,337 shares. Brandywine Management Limited Liability Company invested 0.05% of its portfolio in Lithia Motors, Inc. (NYSE:LAD). Vanguard Group Incorporated has 0.01% invested in Lithia Motors, Inc. (NYSE:LAD) for 2.33M shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt accumulated 5,065 shares or 0.01% of the stock. Swiss Bank & Trust accumulated 41,900 shares. Cwm Limited Liability Corporation reported 0% stake. Cardinal Capital Ltd Liability Corporation Ct stated it has 704,643 shares. Copeland Lc owns 0.95% invested in Lithia Motors, Inc. (NYSE:LAD) for 172,121 shares. 4.03 million were reported by Blackrock. Proshare Advisors Ltd Company owns 4,057 shares. Piedmont Inv Advsrs Ltd Liability Company holds 0.03% or 5,575 shares in its portfolio. Oppenheimer Asset holds 0.02% in Lithia Motors, Inc. (NYSE:LAD) or 8,894 shares.

Since May 22, 2018, it had 2 buys, and 4 selling transactions for $7.39 million activity. $99,773 worth of Lithia Motors, Inc. (NYSE:LAD) shares were bought by North John F. Holzshu Chris bought $102,788 worth of Lithia Motors, Inc. (NYSE:LAD) on Friday, July 27.

How Wolfe Research Currently Rates Lithia Motors (LAD)

Equity analysts at Wolfe Research has initiated coverage Lithia Motors (LAD) shares in a note issued to clients and investors on Tuesday morning, IR.net reports. The financial firm has set a Peer Perform rating on LAD stock.

The stock decreased 2.25% or $1.82 during the last trading session, reaching $79.08. About 216,879 shares traded. Lithia Motors, Inc. (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 earnings per share, up 18.81 % or $0.41 from last year’s $2.18 per share. LAD’s profit will be $62.69 million for 7.63 P/E if the $2.59 EPS becomes a reality. After $2.52 actual earnings per share 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 $1.91 billion. The firm operates in three divisions: Domestic, Import, and Luxury. It has a 7.81 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: Benzinga.com which released: “40 Stocks Moving In Friday’s Mid-Day Session” on September 21, 2018, also Globenewswire.com with their article: “Report: Developing Opportunities within Crocs, NetApp, Gannett Co., Atossa Genetics, Omega Flex, and Lithia Motors …” published on September 25, 2018, Seekingalpha.com published: “Lithia Motors’ (LAD) CEO Bryan DeBoer Announces Strategic Partnership with Shift Technologies Transcript” on September 14, 2018. More interesting news about Lithia Motors, Inc. (NYSE:LAD) were released by: Bizjournals.com and their article: “Lithia invests $54M in, teams up with San Francisco e-commerce company” published on September 13, 2018 as well as Seekingalpha.com‘s news article titled: “When To Buy Lithia Motors” with publication date: October 01, 2018.

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

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