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Lithia Motors (LAD) Shows Strength: Stock Adds 9.1% in Session
Lithia Motors, Inc. (LAD - Free Report) was a big mover last session, as the company saw its shares rise over 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $87.52 to $96.98 in the past one-month time frame.
The move came after the company reported favorable preliminary second quarter results and the launch of its previously announced private offering of $300 million in senior notes
The company has seen no estimate revisions in the past one month, while the Zacks Consensus Estimate for the current quarter has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Lithia Motors currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Lithia Motors, Inc. Price and Consensus
Lithia Motors, Inc. Price and Consensus | Lithia Motors, Inc. Quote
Investors interested in the Automotive - Retail and Whole Salesindustry may consider Titan Machinery Inc. (TITN - Free Report) , which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. :
Is LAD going up? Or down? Predict to see what others think: Up or Down
More Stock News: This Is Bigger than the iPhone
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020. Click here for the 6 trades >>