Bullish Analysts Raise Lithia Motors Price Target Post Stellar Q2 FY23 Performance
Portfolio Pulse from Lekha Gupta
Lithia Motors Inc (NYSE:LAD) reported Q2 FY23 sales growth of 12% YoY to $8.11 billion, surpassing the analyst consensus of $7.92 billion, and adjusted EPS of $10.91, beating the analyst consensus of $9.26. Following the results, Benchmark and Citigroup analysts raised their price targets and EPS estimates for 2023 and 2024. Despite the positive news, LAD shares are trading lower by 3.1% at $310.55.
July 27, 2023 | 6:10 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Lithia Motors reported strong Q2 FY23 results, leading to raised price targets and EPS estimates by analysts. However, the stock is trading lower.
Lithia Motors reported strong Q2 FY23 results, beating analyst estimates. This led to raised price targets and EPS estimates by Benchmark and Citigroup. Despite the positive news, the stock is trading lower, which could be due to profit-taking or other market factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100