Today’s Price Action: Does Lithia Motors Inc Have Any Gas After Today’s Big Increase?

Today's Price Action: Does Lithia Motors Inc Have Any Gas After Today's Big Increase?

The stock of Lithia Motors Inc (NYSE:LAD) is a huge mover today! About 221,576 shares traded hands. Lithia Motors Inc (NYSE:LAD) has risen 9.46% since April 28, 2016 and is uptrending. It has outperformed by 3.53% the S&P500.
The move comes after 8 months positive chart setup for the $2.40B company. It was reported on Dec, 1 by Barchart.com. We have $100.66 PT which if reached, will make NYSE:LAD worth $144.00 million more.

Analysts await Lithia Motors Inc (NYSE:LAD) to report earnings on February, 22. They expect $1.87 earnings per share, up 7.47% or $0.13 from last year’s $1.74 per share. LAD’s profit will be $47.26M for 12.70 P/E if the $1.87 EPS becomes a reality. After $2.06 actual earnings per share reported by Lithia Motors Inc for the previous quarter, Wall Street now forecasts -9.22% negative EPS growth.

Lithia Motors Inc (NYSE:LAD) Ratings Coverage

Out of 7 analysts covering Lithia Motors (NYSE:LAD), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. Lithia Motors has been the topic of 7 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Jefferies initiated the stock with “Buy” rating in Monday, April 11 report. Wolfe Research initiated the stock with “Outperform” rating in Wednesday, August 31 report. The rating was reinitiated by KeyBanc Capital Markets on Wednesday, November 16 with “Overweight”.

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 0.88 in 2016 Q2. Its down 0.09, from 0.97 in 2016Q1. The ratio dived, 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.
1St Glob has invested 0.08% of its portfolio in Lithia Motors Inc (NYSE:LAD). Teachers Advsrs Incorporated reported 37,324 shares or 0% of all its holdings. Northern Tru Corp last reported 0.01% of its portfolio in the stock. Suntrust Banks, a Georgia-based fund reported 4,722 shares. Hennessy Advsr Inc has 314,618 shares for 0.68% of their US portfolio. Channing Cap Management Limited Liability Com holds 1.35% of its portfolio in Lithia Motors Inc (NYSE:LAD) for 454,553 shares. Cubist Systematic Strategies Limited Com reported 4,868 shares or 0.02% of all its holdings. Alps has invested 0% of its portfolio in Lithia Motors Inc (NYSE:LAD). Peak6 L P has 864 shares for 0% of their US portfolio. Secor Cap Advsr Ltd Partnership holds 14,029 shares or 0.13% of its portfolio. Teton Advsrs accumulated 0.17% or 27,200 shares. Moreover, Ascend Limited Liability Corporation has 2% invested in Lithia Motors Inc (NYSE:LAD) for 429,953 shares. Clarivest Asset Mgmt Limited Liability has invested 0% of its portfolio in Lithia Motors Inc (NYSE:LAD). Huntington Financial Bank accumulated 1,671 shares or 0% of the stock. Pinebridge Investments Limited Partnership has invested 0.01% of its portfolio in Lithia Motors Inc (NYSE:LAD).

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

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 (LAD) Acquires Honolulu Ford Store in Hawaii” on November 28, 2016. More interesting news about Lithia Motors Inc (NYSE:LAD) was released by: Nasdaq.com and their article: “Lithia Motors Becomes Oversold” with publication date: November 02, 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.

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