Lithia Motors (LAD) Technicals Take Center Stage

LAD has been the subject of a number of analyst reports. On October 4 KeyCorp left the company rating at "Buy" with a current price target of $130.00. Jefferies Group LLC restated a "buy" rating and set a $125.00 target price on shares of Lithia Motors in a research report on Thursday, August 3rd. Zacks Investment Research lowered shares of Lithia Motors from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, October 10th. Berenberg Bank assumed coverage on shares of Lithia Motors in a research report on Wednesday, October 4th. They issued a "hold" rating and a $126.00 price target on the stock. Morgan Stanley reissued an "overweight" rating and issued a $116.00 target price (up from $106.00) on shares of Lithia Motors in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company's stock. Currently, the 14-day ADX for Lithia Motors (LAD) is 18.72.

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Shifting gears to the Relative Strength Index, the 14-day RSI is now sitting at 48.19, the 7-day is 46.85, and the 3-day is now at 49.68 for Lithia Motors (LAD). Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Lithia Motors, Inc. has a 1 year low of $80.88 and a 1 year high of $123.50. Lithia Motors now has a P/E ratio of 13.80 and the market value is 2.83B. Lithia Motors had a return on equity of 21.02% and a net margin of 2.14%. The company had revenue of $2.69 billion during the quarter, compared to analysts' expectations of $2.62 billion. During the same period in the previous year, the firm posted $2.06 EPS.

The following firms have recently changed their position in LAD. Oppenheimerfunds, Inc. owns 56,133 shares worth $6,754,000. Its investment was valued at $28,357,000 an increase of $7,127,000 as of the end of the quarter. Alliancebernstein L.P. raised its position in shares of Lithia Motors by 1.0% during the second quarter. As of quarter end Wells Fargo & Company/mn had bought a total of 1,025 shares growing its position 575.8%.

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Rothschild Asset Management Inc increased its investment in Lithia Motors stock by 10,396 shares in its quarterly SEC filing. Dimensional Fund Advisors LP now owns 977,749 shares of the company's stock valued at $117,631,000 after acquiring an additional 42,944 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Lithia Motors by 4.6% during the third quarter.

In related news, CEO Bryan B. Deboer sold 20,820 shares of the company's stock in a transaction that occurred on Tuesday, August 22nd.

Oppenheimerfunds, Inc. divested its stake by selling 41,782 shares a decrease of 42.7% in the quarter. Goldman Sachs Group Inc. now owns 723,495 shares of the company's stock valued at $68,175,000 after buying an additional 39,692 shares during the last quarter. The shares were sold at an average price of $105.62, for a total value of $208,071.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sidney B. Deboer sold 65,711 shares of the business's stock in a transaction on Tuesday, October 3rd. The disclosure for this sale can be found here. Following the completion of the sale, the director now directly owns 1,421 shares of the company's stock, valued at $173,035.17.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Friday, November 10th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Thursday, November 9th. Currently, the 14-day Commodity Channel Index (CCI) for Standard Motor Products (SMP) is sitting at -90.94. Its Domestic segment consists of retail automotive franchises that sell new vehicles of Chrysler, General Motors and Ford.

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