S&P Capital IQ Reiterates its BUY Rating on Lithia Motors

October 28 00:00 2011

NEW YORK, October 28 (RainbowNewsLine.com) – Analyst Efraim Levy of S&P Capital IQ reiterates his BUY rating on the shares of Lithia Motors (NYSE: LAD).

Analyst Efraim Levy, in a research note published yesterday mentions that the company reported Q3 EPS ahead of the consensus driven by higher than expected revenues. The analyst believes that the strength of Chrysler would be an advantage to Lithia Motors. The company’s 2012 EPS guidance range of $1.95-$2.05 exceeds the $1.89 consensus forecast. ‘12. The company would use its increasing free cash flows to pursue acquisitions, dividends and share repurchases, the analyst adds.