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LAD

Lithia Motors

$94.10

-1.29 (-1.35%)

07:02
07/25/18
07/25
07:02
07/25/18
07:02

Lithia Motors reports Q2 adjusted EPS $2.52, consensus $2.94

Reports Q2 revenue $3.1B, consensus $3.04B. Highlights for the quarter included: Online traffic up 35% over prior year; Total retail units sold increased 21%; Service, body and parts sales increased 27%; Total same store sales increased 3%; New vehicle same store sales were flat; Used vehicle retail same store sales increased 7%.

  • 25

    Jul

LAD Lithia Motors
$94.10

-1.29 (-1.35%)

01/08/18
BOFA
01/08/18
UPGRADE
BOFA
Neutral
Lithia Motors upgraded to Neutral from Underperform at BofA/Merrill
BofA/Merrill analyst John Murphy upgraded Lithia Motors to Neutral and raised its price target to $128 from $102 to reflect higher earnings due to tax reform.
03/14/18
MSCO
03/14/18
NO CHANGE
MSCO
Morgan Stanley raises U.S. auto sales forecasts through 2021
Morgan Stanley analyst Adam Jonas raised his U.S. seasonally adjusted annual rate, or SAAR, forecast for automakers by an average of 850,000 units from 2018 through 2021, which represents slightly more than a 5% increase from his prior forecast. However, his average U.S. SAAR forecast is still well below last year's 17.3M units and 8% under the cyclical high of 17.6M units in 2016. Jonas points to U.S. tax reform and "relatively stable" recent trends in auto sales and credit as reasons for the hike, noting that while infrastructure action from the federal government could be a material positive, it is not explicitly in his new forecast. Adding that the higher view has a net positive impact on estimates and price targets for exposed auto Original Equipment Manufacturers, or OEMs, and suppliers, Jonas raised his price targets on General Motors (GM), Asbury Automotive (ABG), AutoNation (AN), Group 1 Automotive (GPI), Lithia Motors (LAD), Penske Automotive (PAH), Sonic Automotive (SAH) and Ford (F). He also double upgraded Ford, to Overweight from Underweight, this morning.
04/16/18
GUGG
04/16/18
INITIATION
GUGG
Neutral
Lithia Motors initiated with a Neutral at Guggenheim
Guggenheim analyst Ali Faghri initiated Lithia Motors with a Neutral rating.
07/10/18
07/10/18
UPGRADE

Overweight
CarMax double upgraded to Overweight at Morgan Stanley as coverage transferred
As previously reported, Morgan Stanley analyst Armintas Sinkevicius upgraded CarMax (KMX) two notches, to Overweight from Underweight, as he took over coverage of the auto dealer stocks at the firm. Longer term, he is constructive on dealers, citing a belief that tech disruption could accelerate consolidation and set up a transition toward "megafleet managers." However, given that the market is over 9 years into the auto cycle, he sees limited potential for a re-rating of the multiples of auto dealer's stocks, Sinkevicius tells investors. In supporting his view of CarMax, the analyst also notes that the used car market is less volatile than the new car market. He also retained Overweight ratings on Lithia Motors (LAD) and Penske Automotive (PAG).

TODAY'S FREE FLY STORIES

VIVE

Viveve

$0.41

-0.0155 (-3.68%)

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Viveve rating change  »

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RCI

Rogers Communications

$53.30

0.005 (0.01%)

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JBT

John Bean Technologies

$121.10

-0.995 (-0.81%)

07:16
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John Bean Technologies analyst commentary  »

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IEX

IDEX Corp.

$164.74

0.31 (0.19%)

07:15
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IDEX Corp. analyst commentary  »

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ROP

Roper Technologies

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  • 25

    Jul

ACAD

Acadia

$25.97

0.28 (1.09%)

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PTI

Proteostasis

$0.89

-0.0209 (-2.31%)

, GLPG

Galapagos

$187.55

4.1 (2.23%)

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Proteostasis appoints Geoffrey Gilmartin as Chief Medical Officer »

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PTI

Proteostasis

$0.89

-0.0209 (-2.31%)

GLPG

Galapagos

$187.55

4.1 (2.23%)

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  • 26

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RDHL

RedHill Biopharma

$8.35

0.24 (2.96%)

07:14
07/23/19
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Earnings
RedHill Biopharma reports Q2 EPS (4c), consensus (35c) »

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  • 23

    Jul

XLNX

Xilinx

$124.24

1.52 (1.24%)

07:12
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Initiation
Xilinx initiated  »

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  • 24

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FB

Facebook

$202.32

3.94 (1.99%)

07:12
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Facebook analyst commentary  »

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  • 24

    Jul

CCBG

Capital City Bank

$24.70

0.11 (0.45%)

07:11
07/23/19
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Earnings
Capital City Bank reports Q2 EPS 44c, consensus 42c »

"I am very…

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AAPL

Apple

$207.21

4.59 (2.27%)

07:10
07/23/19
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07:10
Recommendations
Apple analyst commentary  »

KeyBanc sees little to…

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  • 30

    Jul

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    Aug

MBIO

Mustang Bio

$3.09

-0.16 (-4.92%)

07:10
07/23/19
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Mustang Bio treatment of acute myeloid leukemia granted FDA orphan status »

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UUGRY

United Utilities

$0.00

(0.00%)

07:09
07/23/19
07/23
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07:09
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United Utilities rating change  »

United Utilities upgraded…

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LJPC

La Jolla

$8.54

-0.16 (-1.84%)

07:09
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07:09
Hot Stocks
La Jolla treatment of malaria granted FDA orphan status »

La Jolla…

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IPG

Interpublic Group

$22.78

-0.01 (-0.04%)

07:09
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Hot Stocks
Interpublic Group remains on track to deliver 2%-3% organic growth »

Michael Roth,…

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  • 23

    Jul

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UTX

United Technologies

$132.94

0.57 (0.43%)

07:08
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Hot Stocks
Breaking Hot Stocks news story on United Technologies »

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  • 23

    Jul

NGG

National Grid

$51.92

-0.02 (-0.04%)

07:08
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National Grid rating change  »

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  • 25

    Sep

IRDM

Iridium

$24.15

0.43 (1.81%)

07:08
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Hot Stocks
Iridium sees FY19 service revenue $440M »

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  • 23

    Jul

IPG

Interpublic Group

$22.78

-0.01 (-0.04%)

07:08
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Earnings
Interpublic Group reports Q2 adjusted EPS 46c, consensus 44c »

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  • 23

    Jul

  • 08

    Aug

REAL

RealReal

$24.84

0.69 (2.86%)

07:07
07/23/19
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Initiation
RealReal initiated  »

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  • 12

    Aug

PNR

Pentair

$37.59

0.21 (0.56%)

07:07
07/23/19
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07:07
Earnings
Pentair sees Q3 adjusted EPS 54c-56c, consensus 55c »

The company expects third…

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  • 23

    Jul

ENGIY

Engie SA

$0.00

(0.00%)

07:07
07/23/19
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07:07
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07:07
Upgrade
Engie SA rating change  »

Engie SA upgraded to Buy…

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IRDM

Iridium

$24.15

0.43 (1.81%)

07:06
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Earnings
Iridium reports Q2 EPS (16c), consensus (19c) »

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  • 23

    Jul

PNR

Pentair

$37.59

0.21 (0.56%)

07:06
07/23/19
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Earnings
Pentair updates FY19 adjusted EPS view to approx. $2.35 from $2.30-$2.35 »

Consensus is $2.31.…

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  • 23

    Jul

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