5 Best Stocks to Buy Today According to Value Investor David Abrams

1. Lithia Motors, Inc. (NYSE:LAD)

Abrams Capital’s Stake Value: $745 million

Percentage of Abrams Capital’s 13F Portfolio: 16.25%

Number of Hedge Fund Holders: 64

Lithia Motors, Inc. (NYSE:LAD) is an automotive retailer that sells new and old vehicles alongside providing financing, insurance, repair, and theft protection services. It is headquartered in Medford, Ohio, United States, and has hundreds of stores all over the country.

Lithia Motors, Inc. (NYSE:LAD) brought in $6.2 billion in revenue and $11.21 in non-GAAP EPS for its fiscal Q3 ending in September 2021. This allowed it to beat analyst estimates for both. Craig Hallum increased its price target for the retailer to $520 from $500 in July 2021, outlining that the recent earnings results beat all expectations.

Abrams Capital Management owned two million Lithia Motors, Inc. (NYSE:LAD) shares worth $745 million and constituting 16.25% of its portfolio as the third quarter of last year came to an end. Out of the 867 hedge funds polled by Insider Monkey for Q3 2021, 64 owned the company’s shares.

Lithia Motors, Inc. (NYSE:LAD)’s largest investor after Mr. Abrams is Andreas Halvorsen’s Viking Global who owns 803,472 shares worth $254 million.

You can also take a peek at the 10 Best New Stocks to Buy in 2021 According to Billionaire Paul Singer and Billionaire Julian Robertson On Interest Rates and His Top Stock Picks For 2021.

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