Jefferies Reaffirms Their Buy Rating on Lithia Motors

By Ryan Adsit

Jefferies analyst Bret Jordan reiterated a Buy rating on Lithia Motors (NYSE: LAD) today and set a price target of $115. The company’s shares closed yesterday at $91.46.

According to TipRanks.com, Jordan is a 4-star analyst with an average return of 7.0% and a 62.1% success rate. Jordan covers the Services sector, focusing on stocks such as Pep Boys-Manny Moe & Jack, Kar Auction Services Inc, and Genuine Parts Company.

Lithia Motors has an analyst consensus of Hold, with a price target consensus of $103.50.

The company has a one year high of $105.32 and a one year low of $69.36. Currently, Lithia Motors has an average volume of 318.4K.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. Last month, Susan Cain, a Director at LAD sold 2,317 shares for a total of $214,276.

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, Inc. engages in the operation of automotive franchises and retail of new and used vehicles. It operates through the following segments: Domestic, Import, Luxury, and Corporate and Others. The Domestic segment comprises of retail automotive franchises that sell new vehicles manufactured by Chrysler, General Motors, and Ford.