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LAD

Lithia Motors

$88.80

1.85 (2.13%)

07:02
11/22/16
11/22
07:02
11/22/16
07:02

Lithia Motors acquires Ford store in Honolulu, Hawaii

Lithia Motors has acquired Honolulu Ford in Honolulu, Hawaii. The store will add an additional $90M in estimated annual revenues.

LAD Lithia Motors
$88.80

1.85 (2.13%)

10/21/16
MSCO
10/21/16
NO CHANGE
Target $115
MSCO
Overweight
Lithia Motors weakness an overreaction, says Morgan Stanley
Morgan Stanley analyst Paresh Jain said yesterday's weakness in Lithia Motors shares is an overreaction to conservative guidance and views it as a buying opportunity. Paresh said management's strategy to go for share gains comes at the expense of margins but higher volumes will help offset some pressures and also helps get manufacturer support which is key to acquisitions. Further, the analyst believes management did not want to be aggressive on guidance until there is more visibility into integration of recent acquisitions. Jain rates Lithia an Overweight with a $115 price target.
10/21/16
SPHN
10/21/16
NO CHANGE
Target $114
SPHN
Overweight
Lithia Motors price target lowered to $114 from $121 at Stephens
Stephens analyst Rick Nelson lowered his price target for Lithia Motors to $114 from $121 after the company's Q3 EPS miss. The analyst believes that Lithia Motors is pushing volume, while sacrificing flow-through, to garner OEM approvals for acquisitions. He reiterates an Overweight rating on the shares.
11/16/16
KEYB
11/16/16
INITIATION
KEYB
Overweight
Lithia Motors coverage resumed with an Overweight at KeyBanc
KeyBanc analyst Brett Hoselton resumes coverage of Lithia with an Overweight rating. He expects Lithia's compound annual revenue growth to come in at double digits through 2018, driven by low to mid single digit industry growth and its accretive acquisitions. The analyst calls the stock's valuation attractive and identifies it as his "key auto retailer idea." Target to $108 from $122.
11/16/16
11/16/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Intuit (INTU) assumed with a Hold at Evercore ISI. 2. BNC Bancorp (BNCN) initiated with an Overweight at Piper Jaffray. 3. Cooper Tire (CTB) coverage resumed with an Overweight at KeyBanc. 4. Lithia Motors (LAD) coverage resumed with an Overweight at KeyBanc. 5. Nielsen (NLSN) initiated with a Buy at SunTrust. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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