Lithia Motors Inc
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Consumer Discretionary : Specialty Retail | Mid Cap Blend
Company profile

Lithia Motors, Inc. is a provider of personal transportation solutions. The Company offers approximately 30 brands of new vehicles and all brands of used vehicles in 201 locations in 21 states. 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 Company also provides products and services including new and used vehicles, finance and insurance products and automotive repair and maintenance.

Closing Price
$229.57
Day's Change
-2.64 (-1.14%)
Bid
--
Ask
--
B/A Size
--
Day's High
232.92
Day's Low
225.00
Volume
(Light)
Volume:
271,439

10-day average volume:
376,351
271,439

Roku stock gains after Wells Fargo chimes in with bullish rating

11:52 am ET September 8, 2020 (MarketWatch)
Print

Roku Inc.'s stock (ROKU) is bucking the tech-market weakness Tuesday after Wells Fargo analyst Steven Cahall began coverage of the stock with an overweight rating and called the company an "advertising heavyweight in the making." The shares are up more than 5% in Tuesday trading. "We think ROKU's stock fortunes come down to how well it can monetize users," Cahall wrote, and he expects that Roku's scale and advertising technology will enable it to surpass expectations with its average revenue per user. Cahall also argued that the pandemic has shaken up the traditional ad-buying process and the customary tradition in TV media in which many ads are purchased "upfront" over the summer in anticipation of the television season beginning in the fall. "With Roku being able to negotiate for more premium impressions we believe there are now precedent conditions for [connected TV] to become more common in brand building ad campaigns - a space traditionally occupied by content networks," he wrote, while setting a $215 price target on the shares. Roku's stock has rallied 49% over the past three months as the S&P 500 has risen 3.7%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 08, 2020 11:52 ET (15:52 GMT)

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