5 Stocks to Buy Today According to David Brown’s Hawk Ridge Management

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

Hawk Ridge Management Stake Value: $70,074,000
Percentage of Hawk Ridge Management’s 13F Portfolio: 5.03%
Number of Hedge Fund Holders: 63

Lithia Motors, Inc. (NYSE:LAD) is an automotive retailer based in Oregon. The company announced its entry into the North American power-sports market on November 9 with the purchase of Pfaff Harley-Davidson in Toronto, Canada. LAD’s total estimated yearly revenue obtained in 2021 will be almost $6.3 billion due to this transaction.

In October, the firm announced its highest-ever third-quarter revenue and earnings per share. The company’s EPS came in at $11.21, surpassing the estimates by $1.91. Revenue over the period was $6.2 billion, up 71.3% YoY, beating the forecast by $450 million. The company also announced a quarterly dividend of $0.35 per share, in line with the previous.

In addition to the dividend, shares of the company rallied 9% in the last twelve months, and the company features on the list of the 10 stocks to buy today according to David Brown’s Hawk Ridge Management. At the end of the second quarter of 2021, 63 hedge funds in the database of Insider Monkey held stakes worth $2.92 billion in Lithia Motors, Inc. (NYSE:LAD), up from 40 in the preceding quarter worth $2.32 billion.