In a report released today, Rick Nelson from Stephens reiterated a Hold rating on Lithia Motors (NYSE: LAD), with a price target of $106. The company’s shares opened today at $86.16.
According to TipRanks.com, Nelson is a 4-star analyst with an average return of 16.8% and a 58.3% success rate. Nelson covers the Services sector, focusing on stocks such as Camping World Holdings, Group 1 Automotive, and Lumber Liquidators.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lithia Motors with a $106.75 average 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 388.5K.
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.
