Lithia Stock Passing 97% Of All Stocks In Key Criteria

Lithia & Driveway (LAD) saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 94 to 97.

The new rating is a sign the stock is outpacing 97% of all stocks when it comes to the most important stock-picking criteria. The change in rating follows news that Lithia stock received a boost to it RS Rating as well.

Lithia Motors is currently forming a consolidation, with a 418.08 entry. Look for the stock to break out in heavy trade at least 40% above average.

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Lithia stock sports a 98 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 98% of all stocks. Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks. The company also received a boost to its Relative Strength Rating, climbing above the key level of 80.

Lithia & Driveway reported a 199% earnings-per-share gain for Q2. That marks two straight reports with rising EPS growth. Sales growth climbed 118%, up from 55% in the prior quarter. The company has now posted increasing growth in each of the last four reports.

Lithia Motors earns the No. 2 rank among its peers in the Retail/Wholesale-Auto Parts industry group. AutoNation (AN) is the No. 1-ranked stock within the group.


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