Lithia Motors, Inc. (LAD) Surges to 52-Week High, Is Now Top Performer

Lithia Motors, Inc. (NYSE:LAD) Logo

Investors sentiment increased to 1.02 in 2018 Q4. Its up 0.28, from 0.74 in 2018Q3. It improved, as 31 investors sold Lithia Motors, Inc. shares while 62 reduced holdings. 34 funds opened positions while 61 raised stakes. 23.86 million shares or 1.02% less from 24.10 million shares in 2018Q3 were reported.
Pub Sector Pension Board holds 0.01% or 19,770 shares. Victory owns 0% invested in Lithia Motors, Inc. (NYSE:LAD) for 6,000 shares. Silvercrest Asset Mgmt Gru Ltd Liability reported 319,768 shares. Brown Advisory reported 14,538 shares or 0% of all its holdings. Nomura reported 0.01% of its portfolio in Lithia Motors, Inc. (NYSE:LAD). Scopus Asset Ltd Partnership holds 1.01% in Lithia Motors, Inc. (NYSE:LAD) or 202,733 shares. Benjamin F Edwards & Com owns 0% invested in Lithia Motors, Inc. (NYSE:LAD) for 69 shares. Huntington Fincl Bank owns 56 shares or 0% of their US portfolio. Cetera Advisors Llc reported 0.02% stake. Employees Retirement Sys Of Texas owns 20,000 shares. Price T Rowe Assoc Md, a Maryland-based fund reported 9,320 shares. Smith Graham Invest Limited Partnership reported 93,711 shares or 0.88% of all its holdings. Virginia Retirement Systems Et Al reported 4,600 shares stake. Hanson Mcclain holds 10 shares or 0% of its portfolio. Alliancebernstein L P invested in 31,080 shares or 0% of the stock.

The stock of Lithia Motors, Inc. (NYSE:LAD) hit a new 52-week high and has $120.80 target or 5.00 % above today’s $115.05 share price. The 8 months bullish chart indicates low risk for the $2.66B company. The 1-year high was reported on May, 17 by Barchart.com. If the $120.80 price target is reached, the company will be worth $133.15 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.56% or $0.64 during the last trading session, reaching $115.05. About 301,273 shares traded or 22.89% up from the average. Lithia Motors, Inc. (NYSE:LAD) has declined 16.07% since May 17, 2018 and is downtrending. It has underperformed by 20.44% the S&P500.

Analysts await Lithia Motors, Inc. (NYSE:LAD) to report earnings on July, 24. They expect $2.91 earnings per share, up 15.48 % or $0.39 from last year’s $2.52 per share. LAD’s profit will be $67.36M for 9.88 P/E if the $2.91 EPS becomes a reality. After $2.44 actual earnings per share reported by Lithia Motors, Inc. for the previous quarter, Wall Street now forecasts 19.26 % EPS growth.

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

Among 4 analysts covering Lithia Motors (NYSE:LAD), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Lithia Motors had 9 analyst reports since February 13, 2019 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, February 13 by Jefferies. Guggenheim maintained the stock with “Buy” rating in Thursday, February 14 report. Morgan Stanley maintained the stock with “Overweight” rating in Tuesday, April 16 report.

More notable recent Lithia Motors, Inc. (NYSE:LAD) news were published by: Bizjournals.com which released: “Lithia makes history with record-shattering quarter, investors gobble up shares – Portland Business Journal” on October 24, 2018, also Seekingalpha.com with their article: “Lithia Motors Q4 2018 Earnings Preview – Seeking Alpha” published on February 12, 2019, Seekingalpha.com published: “Is Lithia Worth An Investment? – Seeking Alpha” on September 18, 2018. More interesting news about Lithia Motors, Inc. (NYSE:LAD) were released by: Benzinga.com and their article: “50 Stocks Moving In Wednesday’s Mid-Day Session – Benzinga” published on April 24, 2019 as well as Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For April 25, 2019 – Benzinga” with publication date: April 25, 2019.

Lithia Motors, Inc. operates automotive franchises, and retails new and used vehicles in the United States. The company has market cap of $2.66 billion. The firm operates in three divisions: Domestic, Import, and Luxury. It has a 10.22 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.

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

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