The Best Stock in Oregon: Lithia Motors
We analyzed publicly traded companies based in the Beaver State to identify the best stock in Oregon to buy now.
We scoured the nation to identify the best stock in every state. Lithia Motors (symbol LAD) is the publicly traded company we picked in Oregon. The company headquarters is located in Medford.
A word of caution: Since we selected a single stock from each state (plus one from D.C), and choices in some states are sparse, a few of our picks are best suited to investors comfortable with a higher degree of risk. This is not necessarily one of our 51 favorite stocks in the entire U.S., in other words.
Lithia Motors by the Numbers
- Headquarters: Medford
- Share price: $88.65
- Market value: $2.2 billion
- Price-earnings ratio: 10
(Prices and data are as of June 22, 2017)
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Lithia sells new and used cars and related services at 154 dealerships on the East Coast and in the western U.S. Analysts believe U.S. light vehicle sales may have peaked in 2016, but not Lithia’s, says CFRA analyst Efraim Levy. He projects growth of 10% this year, driven by strong employment, easy credit and an aging vehicle fleet indicating pent-up demand. Lithia’s sales are also growing by acquisition, with 15 new dealerships last year and thousands of potential targets on the radar for the years ahead. The strength of Lithia’s business model, says Morningstar analyst David Whiston, lies in its acquisition of rural dealerships, through which the company can position itself as the only seller of a particular brand within a huge geographic radius. Lithia’s large market shares in small cities give the company pricing power, he says. And Lithia can continue to grow through acquisition in urban areas as well, says Levy. He rates the stock a “buy” with a 12-month price target of $103.
Ryan joined Kiplinger in the fall of 2013. He wrote and fact-checked stories that appeared in Kiplinger's Personal Finance magazine and on Kiplinger.com. He previously interned for the CBS Evening News investigative team and worked as a copy editor and features columnist at the GW Hatchet. He holds a BA in English and creative writing from George Washington University.
-
Strategies to Optimize Your Social Security Benefits
To maximize what you can collect, it’s crucial to know when you can file, how delaying filing affects your checks and the income limit if you’re still working.
By Jason “JB” Beckett Published
-
Don’t Forget to Update Beneficiaries After a Gray Divorce
Some states automatically revoke a former spouse as a beneficiary on some accounts. Waivers can be used, too. Best not to leave it up to your state, though.
By Andrew Hatherley, CDFA®, CRPC® Published
-
Stock Market Today: Dow Slips After Travelers' Earnings Miss
The property and casualty insurer posted a bottom-line miss as catastrophe losses spiked.
By Karee Venema Published
-
Stock Market Today: Stocks Stabilize After Powell's Rate-Cut Warning
The main indexes temporarily tumbled after Fed Chair Powell said interest rates could stay higher for longer.
By Karee Venema Published
-
Stock Market Today: Stocks Reverse Lower as Treasury Yields Spike
A good-news-is-bad-news retail sales report lowered rate-cut expectations and caused government bond yields to surge.
By Karee Venema Last updated
-
Stock Market Today: Nasdaq Leads as Magnificent 7 Stocks Rise
Strength in several mega-cap tech and communication services stocks kept the main indexes higher Thursday.
By Karee Venema Published
-
Stock Market Today: Stocks Tumble After a Hot Inflation Print
Equities retreated after inflation data called the Fed's rate-cut plans into question.
By Dan Burrows Published
-
Stock Market Today: Stocks End Mixed Ahead of Key Inflation Reading
Equities struggled before tomorrow's big Consumer Price Index report.
By Dan Burrows Published
-
Stock Market Today: Stocks Closed Mixed in Choppy Trading
Volatility returned as market participants adjusted their expectations for rate cuts.
By Dan Burrows Published
-
Stock Market Today: Stocks Rally After Blowout Jobs Report
Stocks soared into the weekend as investors brushed off strong payrolls data and lowered rate-cut expectations.
By Dan Burrows Published