UK Markets open in 19 mins

How Lithia Motors (LAD) Stock Stands Out in a Strong Industry

Zacks Equity Research

One stock that might be an intriguing choice for investors right now is Lithia Motors, Inc. LAD. This is because this security in the Automotive - Retail and Whole Sales space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.

This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Automotive - Retail and Whole Sales space as it currently has a Zacks Industry Rank of 8 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Lithia Motors is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

Lithia Motors, Inc. Price and Consensus

Lithia Motors, Inc. Price and Consensus

Lithia Motors, Inc. price-consensus-chart | Lithia Motors, Inc. Quote

In fact, over the past month, current quarter estimates have risen from $2.88 per share to $2.91 per share, while current year estimates have risen from $11.04 per share to $11.15 per share. This has helped LAD to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank stocks here.

So, if you are looking for a decent pick in a strong industry, consider Lithia Motors. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

This Could Be the Fastest Way to Grow Wealth in 2019

Research indicates one sector is poised to deliver a crop of the best-performing stocks you'll find anywhere in the market. Breaking news in this space frequently creates quick double- and triple-digit profit opportunities.

These companies are changing the world – and owning their stocks could transform your portfolio in 2019 and beyond. Recent trades from this sector have generated +98%, +119% and +164% gains in as little as 1 month.

Click here to see these breakthrough stocks now >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Lithia Motors, Inc. (LAD) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research