Exclusive: Could Lithia Motors Inc Change Direction After Today’s Significant Decline?

Exclusive: Could Lithia Motors Inc Change Direction After Today's Significant Decline?

The stock of Lithia Motors Inc (NYSE:LAD) is a huge mover today! About 312,239 shares traded hands. Lithia Motors Inc (NYSE:LAD) has declined 3.95% since April 6, 2016 and is downtrending. It has underperformed by 5.91% the S&P500.
The move comes after 9 months negative chart setup for the $1.97B company. It was reported on Nov, 8 by Barchart.com. We have $72.28 PT which if reached, will make NYSE:LAD worth $137.90M less.

Lithia Motors Inc (NYSE:LAD) Ratings Coverage

Out of 6 analysts covering Lithia Motors (NYSE:LAD), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Lithia Motors has been the topic of 6 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The company was initiated on Wednesday, August 31 by Wolfe Research. The firm has “Buy” rating given on Monday, April 11 by Jefferies.

According to Zacks Investment Research, “Lithia Motors Inc. is a leading operator and retailer in the highly fragmented automotive industry. Lithia sells new and used cars and light trucks, sells replacement parts, provides vehicle maintenance, warranty, paint and repair services, and arranges related financing and insurance for its automotive customers. The company also exchanges vehicles with other dealers from time to time to accommodate customer demand and to balance inventory.”

Insitutional Activity: The institutional sentiment decreased to 0.97 in Q2 2016. Its down 0.11, from 1.08 in 2016Q1. The ratio worsened, as 49 funds sold all Lithia Motors Inc shares owned while 69 reduced positions. 32 funds bought stakes while 83 increased positions. They now own 23.01 million shares or 2.21% less from 23.54 million shares in 2016Q1.
Zurcher Kantonalbank (Zurich Cantonalbank) has 525 shares for 0% of their US portfolio. Moreover, Texas Permanent School Fund has 0.02% invested in Lithia Motors Inc (NYSE:LAD) for 18,218 shares. Lombardia Prtnrs Ltd Limited Liability Company accumulated 105,586 shares or 0.49% of the stock. Arizona State Retirement Sys last reported 0.01% of its portfolio in the stock. Asset accumulated 2,868 shares or 0% of the stock. Swiss Savings Bank last reported 0% of its portfolio in the stock. Metropolitan Life Insurance Communication Ny owns 17,186 shares or 0.01% of their US portfolio. The Manitoba – Canada-based Great West Life Assurance Can has invested 0% in Lithia Motors Inc (NYSE:LAD). Alpine Woods Investors Ltd Llc accumulated 3,473 shares or 0.01% of the stock. Assetmark Inc accumulated 0% or 584 shares. Coe Mngmt holds 0% or 60,421 shares in its portfolio. Adams Diversified Equity Fund owns 3,800 shares or 0.02% of their US portfolio. Huntington Savings Bank owns 1,671 shares or 0% of their US portfolio. Palestra Cap Mgmt Ltd Co has invested 4.47% of its portfolio in Lithia Motors Inc (NYSE:LAD). Mycio Wealth Prtn Ltd Company has 41 shares for 0% of their US portfolio.

Insider Transactions: Since September 22, 2016, the stock had 0 buys, and 3 selling transactions for $5.02 million net activity. DEBOER SIDNEY B sold 17,600 shares worth $1.71M.

More important recent Lithia Motors Inc (NYSE:LAD) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Lithia Motors, TJX Companies and Hilton Worldwide Holdings” on November 04, 2016, also Fool.com published article titled: “Was Lithia Motors Inc.’s First-Quarter Really That Bad?”, Nasdaq.com published: “Lithia Motors Becomes Oversold” on November 02, 2016. More interesting news about Lithia Motors Inc (NYSE:LAD) was released by: Nasdaq.com and their article: “Lithia Motors, Inc. (LAD) Ex-Dividend Date Scheduled for November 08, 2016” with publication date: November 07, 2016.

LAD Company Profile

Lithia Motors, Inc. incorporated on December 23, 1968, is an operator of automotive franchises and a retailer of new and used vehicles and services. The Firm operates in three divisions namely Domestic, Import and Luxury. The Company’s Domestic segment consists of retail automotive franchises that sell new vehicles manufactured by Chrysler, General Motors and Ford. The Company’s Import segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Honda, Toyota, Subaru, Nissan and Volkswagen. The Company’s Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by BMW, Mercedes-Benz and Lexus. The Company’s segment franchises sell used vehicles, parts and automotive services, and automotive finance and insurance products. The Firm sells new and used cars and replacement parts; provides vehicle maintenance, warranty, paint and repair services; arranges related financing, and sell service contracts, vehicle protection products and credit insurance. The Firm offers approximately 30 brands of vehicles and all brands of used vehicles in approximately 130 stores in the United States and online at Lithia.com and DCHauto.com. The Company’s dealerships are located in the United States. The Company’s activities involve the use, handling, storage and contracting for recycling and/or disposal of materials, such as motor oil and filters, transmission fluids, antifreeze, refrigerants, paints, thinners, batteries, cleaning products, lubricants, degreasing agents, tires and fuel.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment