Zacks Investment Research downgraded shares of LITHIA MOTORS (LAD) from NEUTRAL to UNDERPERFORM on November 13, 2014, with a target price of $76.20.
Lithia Motors Inc. is a leading operator and retailer in the highly fragmented automotive industry. Lithia sells new and used cars and light trucks, sells replacement parts, provides vehicle maintenance, warranty, paint and repair services, and arranges related financing and insurance for its automotive customers. The company also exchanges vehicles with other dealers from time to time to accommodate customer demand and to balance inventory.
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