Lithia Motors, Inc. (NYSE:LAD) is considered one of the best automotive stocks to buy by hedge funds. Benchmark Co. analyst Michael Albanese reiterated a Buy rating on LAD and set a price target of $400.00. Guggenheim recently lowered the firm’s price target on Lithia & Driveway to $380. Despite Q2 earnings beating expectations, reactions to auto dealers’ results have been negative. Concerns remain about how the group will trade into an SAAR slowdown, but positive sales inflection in July may help “de-risk the near-term setup.” LAD operates as a global automotive retailer offering various products and services.

Read more at Yahoo Finance: What Does Wall Street Think About Lithia Motors (LAD)?