Guggenheim analyst Ali Faghri reiterated a Buy rating on Lithia Motors (NYSE: LAD) on October 25 and set a price target of $106. The company’s shares closed on Friday at $90.57.
According to TipRanks.com, Faghri is a 4-star analyst with an average return of 7.6% and a 65.6% success rate. Faghri covers the Services sector, focusing on stocks such as Penske Automotive Group, Advance Auto Parts, and Copart.
Lithia Motors has an analyst consensus of Strong Buy, with a price target consensus of $106, implying a 17.0% upside from current levels. In a report issued on October 24, Merrill Lynch also upgraded the stock to Buy with a $110 price target.
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The company has a one-year high of $127.99 and a one-year low of $72.85. Currently, Lithia Motors has an average volume of 428.4K.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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.
