In a report released today, Armintas Sinkevicius from Morgan Stanley maintained a Buy rating on Lithia Motors (NYSE: LAD), with a price target of $107. The company’s shares closed yesterday at $85.51, close to its 52-week low of $78.85.
According to TipRanks.com, Sinkevicius is a 1-star analyst with an average return of -0.8% and a 31.6% success rate. Sinkevicius covers the Industrial Goods sector, focusing on stocks such as Magna International, Tenneco Automotive, and Visteon Corp.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lithia Motors with a $98.67 average price target.
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Based on Lithia Motors’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $60.66 million. In comparison, last year the company had a net profit of $53.2 million.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock.
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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.
