Morgan Stanley analyst Armintas Sinkevicius maintained a Buy rating on Lithia Motors (LAD) today and set a price target of $151.00. The company’s shares closed last Monday at $126.53.
According to TipRanks.com, Sinkevicius is a 1-star analyst with an average return of -3.1% and a 42.9% success rate. Sinkevicius covers the Services sector, focusing on stocks such as Penske Automotive Group, Group 1 Automotive, and Sonic Automotive.
Lithia Motors has an analyst consensus of Moderate Buy, with a price target consensus of $148.00.
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The company has a one-year high of $139.18 and a one-year low of $67.90. Currently, Lithia Motors has an average volume of 226.1K.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LAD in relation to earlier this year.
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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.
