5 Stocks Getting Attention of Elite Hedge Funds

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

Number of Hedge Fund Holders: 63  

Lithia Motors, Inc. (NYSE: LAD) is an Oregon-based automotive retailer. It is placed fourth on our list of 10 stocks getting the attention of elite hedge funds.

On July 22, investment advisory Craig-Hallum maintained a Buy rating on Lithia Motors, Inc. (NYSE: LAD) stock and raised the price target to $520 from $500, underlining that the firm beat every metric in the recently released quarterly earnings report. 

At the end of the second quarter of 2021, 63 hedge funds in the database of Insider Monkey held stakes worth $2.9 billion in Lithia Motors, Inc. (NYSE: LAD), up from 40 in the preceding quarter worth $2.3 billion.