In a report released today, Glenn Chin from Seaport Global maintained a Buy rating on Lithia Motors (LAD – Research Report), with a price target of $380.00. The company’s shares closed yesterday at $248.34.
According to TipRanks, Chin is a 4-star analyst with an average return of 8.0% and a 62.79% success rate. Chin covers the Consumer Cyclical sector, focusing on stocks such as CarMax, Group 1 Automotive, and Lithia Motors.
In addition to Seaport Global, Lithia Motors also received a Buy from Craig-Hallum’s Ryan Sigdahl in a report issued yesterday. However, today, Wells Fargo maintained a Hold rating on Lithia Motors (NYSE: LAD).
Based on Lithia Motors’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $8.28 billion and a net profit of $261.5 million. In comparison, last year the company earned a revenue of $7.3 billion and had a net profit of $329.6 million
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LAD in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Lithia Motors (LAD) Company Description:
Lithia Motors, Inc. engages in the operation of automotive franchises and retail of new and used vehicles. It operates through the following segments: Domestic, Import and Luxury. The Domestic segment comprises of retail automotive franchises that sell new vehicles manufactured by Chrysler, General Motors, and Ford. The Import segment composes of automotive franchises that sell new vehicles manufactured by Honda, Toyota, Subaru, Nissan, and Volkswagen. The Luxury segment includes retail automotive franchises that sell new vehicles manufactured by BMW, Mercedes-Benz, and Lexus. The company was founded by Walt DeBoer and Sidney B. DeBoer in 1946 and is headquartered in Medford, OR.
Read More on LAD:
- Lithia & Driveway reports Q1 EPS $6.11, consensus $7.89
- Lithia & Driveway (LAD) Reports Record First Quarter Revenue of $8.6 billion, 23% Increase
- Lithia & Driveway management to meet with Stephens
- Lithia to cut hundreds of positions, shutter CarStore, FT reports
- LAD Upcoming Earnings Report: What to Expect?
