Upgrade your membership to see all of the expert analysis we have published on LAD now!
Gap Down After Proposing New Public Offering - Wednesday, May 19, 2021
Lithia Motors Inc Cl A (LAD -$26.48 or -7.43% to $329.77) gapped down today for a big loss after proposing a new Public Offering. It remains well below its 50-day moving average (DMA) line ($384) following a noted streak of losses. A rebound above its 50 DMA line is needed for its outlook to improve.LAD was highlighted in yellow in the 4/21/21 mid-day report (read here) with a pivot point cited based on its 3/17/21 high plus 10 cents. Disciplined investors will noted that it failed to produce the subsequent gains above the pivot point backed by at least +40% above average volume necessary to trigger a technical buy signal. It was last shown in this FSU section on 4/21/21 with an annotated graph under the headline "Building a Base With Rebound Above 50-Day Moving Average"
It has an Earnings Per Share Rating of 97. LAD reported earnings +193% on +55% sales revenues for the Mar '21 quarter versus the year ago period, its 3rd consecutive quarterly earnings increases above the +25% minimum (C criteria) guideline with sequential quarters showing acceleration in its sales revenues growth rate. This Medford, Oregon-based Retail/Wholesale - Automobile firm's annual earnings history (A criteria) has been strong and steady after a dramatic downturn in FY '07 and '08 earnings.
LAD completed a new Public Offering on 9/30/20. There are 26.6 million shares outstanding (S criteria) which can contribute to greater volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 567 in Jun '20 to 755 in Mar '21, a reassuring sign concerning the I criteria. Its Timeliness Rating is B and Sponsorship Rating is B.
Building a Base With Rebound Above 50-Day Moving Average - Wednesday, April 21, 2021
Lithia Motors Inc Cl A (LAD +$9.36 or +2.50% to $384.15) finished strong after highlighted in yellow in the earlier mid-day report (read here) with a pivot point cited based on its 3/17/21 high plus 10 cents. Today's volume-driven gain helped it rebound above its 50-day moving average (DMA) line ($384) which has acted as support during its ongoing ascent. Subsequent gains above the pivot point backed by at least +40% above average volume may trigger a technical buy signal.It has an Earnings Per Share Rating of 97. LAD reported earnings +193% on +55% sales revenues for the Mar '21 quarter versus the year ago period, its 3rd consecutive quarterly earnings increases above the +25% minimum (C criteria) guideline with sequential quarters showing acceleration in its sales revenues growth rate. This Medford, Oregon-based Retail/Wholesale - Automobile firm's annual earnings history (A criteria) has been strong and steady after a dramatic downturn in FY '07 and '08 earnings.
LAD completed a new Public Offering on 9/30/20. There are 26.6 million shares outstanding (S criteria) which can contribute to greater volatility in the event of institutional buying or selling. The number of top-rated funds owning its shares rose from 567 in Jun '20 to 766 in Mar '21, a reassuring sign concerning the I criteria. Its Timeliness Rating is A and Sponsorship Rating is B.
