5 Best Stocks to Invest in Today According to David Abrams

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

Abrams’ Stake Value: $807,921,000
Percentage of Jorge David Abrams’ 13F Portfolio: 17.95%
Number of Hedge Fund Holders: 63

Lithia Motors, Inc. (NYSE: LAD) is an automotive retailer in the United States. Lithia Motors, Inc. (NYSE: LAD) ranks first in the list of 15 best stocks to invest in today according to David Abrams. Lithia Motors, Inc. (NYSE: LAD) shares have returned 26.79% to investors over the course of the past 12 months.

On August 24, Lithia Motors, Inc. (NYSE: LAD) extended its multi-channel network to purchase Rock Honda, a Top 20 Honda new volume dealer in the United States. On July 27, Craig-Hallum analyst Ryan Sigdahl raised the price target on Lithia Motors, Inc. (NYSE: LAD) to $520 from $500 and maintained a “Buy” rating on the shares.

David Abrams’ Abrams Capital Management holds 2.35 million shares in Lithia Motors, Inc. (NYSE: LAD), worth $807.92 million, representing 17.95% of their portfolio. In addition, hedge funds are loading up on Lithia Motors, Inc. (NYSE: LAD), as Insider Monkey’s data shows that 63 hedge funds held a stake in the company in the second quarter of 2021, compared to 40 funds in the quarter earlier.

You can also take a peek at 10 Best Stocks to Invest In Right Now According to Seth Klarman and Top 10 Stocks to Invest in For Beginner Investors 

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