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Lithia Motors (LAD) Receives a Sell from Morgan Stanley

Morgan Stanley analyst Adam Jonas maintained a Sell rating on Lithia Motors (LADResearch Report) today and set a price target of $300.00. The company’s shares closed last Tuesday at $320.88.

According to TipRanks.com, Jonas is a 5-star analyst with an average return of 10.7% and a 51.1% success rate. Jonas covers the Consumer Goods sector, focusing on stocks such as Penske Automotive Group, Group 1 Automotive, and Rivian Automotive.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lithia Motors with a $426.20 average price target.

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Based on Lithia Motors’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.31 billion and net profit of $291 million. In comparison, last year the company earned revenue of $3.94 billion and had a net profit of $188 million.

Based on the recent corporate insider activity of 42 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. The Import segment composes of automotive franchises that sell new vehicles manufactured by Honda, Toyota, Subaru, Nissan, and Volkswagen. The Luxury segment includes retail automotive franchises that sell new vehicles manufactured by BMW, Mercedes-Benz, and Lexus. The company was founded by Walt DeBoer and Sidney B. DeBoer in 1946 and is headquartered in Medford, OR.

Read More on LAD:

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