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BofA Merrill downgraded Lithia Motors (NYSE:LAD) from Neutral to Underperform in a report released today.

Just yesterday Lithia Motors (NYSE:LAD) traded 1.85% higher at $96.98. Lithia Motors’s 50-day moving average is $105.78 and its 200-day moving average is $95.31. The last closing price is up 22.18% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 220,449 shares of LAD traded hands, down from an average trading volume of 278,058

BofA Merrill has downgraded Lithia Motors (NYSE:LAD) from Neutral to Underperform in a report released on 6/16/2017.

Recent Performance Chart

Lithia Motors (NYSE:LAD)

Lithia Motors has 52 week low of $75.85 and a 52 week high of $116.68 with a PE ratio of 14.04 and has a market capitalization of $0.

In addition to BofA Merrill reporting its stock price target, a total of 9 brokers have issued a research note on the company. The average stock price target is $114.89 with 3 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 2 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Lithia Motors (NYSE:LAD)

Lithia Motors, Inc. is an operator of automotive franchises and a retailer of new and used vehicles and related services. As of February 28, 2017, it offered 30 brands of new vehicles and all brands of used vehicles in 154 stores in the United States and online at Lithia.com, DCHauto.com and CarboneCars.com. It operates through three segments: Domestic, Import and Luxury. Its Domestic segment consists of retail automotive franchises that sell new vehicles manufactured by Chrysler, General Motors and Ford. Its Import segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Honda, Toyota, Subaru, Nissan and Volkswagen. Its Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by BMW, Mercedes-Benz and Lexus. The franchises in each segment also sell used vehicles, parts and automotive services, and automotive finance and insurance products.

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