Lithia Motors (LAD) Received its Third Buy in a Row

By Austin Angelo

After Morgan Stanley and Seaport Global gave Lithia Motors (NYSE: LAD) a Buy rating last month, the company received another Buy, this time from Jefferies. Analyst Bret Jordan reiterated a Buy rating on Lithia Motors yesterday and set a price target of $111. The company’s shares closed yesterday at $82.46.

Jordan has an average return of 31.3% when recommending Lithia Motors.

According to TipRanks.com, Jordan is ranked #978 out of 5163 analysts.

Lithia Motors has an analyst consensus of Strong Buy, with a price target consensus of $109, implying a 32.2% upside from current levels. In a report issued on February 4, Morgan Stanley also maintained a Buy rating on the stock with a $106 price target.

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Lithia Motors’ market cap is currently $1.97B and has a P/E ratio of 6.92. The company has a Price to Book ratio of 1.64.

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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.