Billionaire David Abrams’ Top 5 Stock Picks

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

An automotive retailer Lithia Motors, Inc. (NYSE: LAD) is the favorite stock of Billionaire David Abrams hedge fund. It is the largest stock holding of Boston based hedge fund, accounting for 16.13% of the overall portfolio. The firm first initiated a position in automotive retailer during the second quarter of 2018.

Shares of Lithia Motors rallied close to 100% in the last twelve months, thanks to strong financial performance. Its September quarter revenue of $3.62 billion grew 8.7% year over year while net income per diluted share of $6.86 grew 88% from the year-ago quarter. The company also offers dividends to shareholders.

Please also see: 10 Best Dow Stocks To Buy Now , Barry Rosenstein and Jana Partners: Top 10 Stock Picks and 10 Best Value Stocks To Buy Now.

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