Breaking Down Lithia Motors: 7 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
Lithia Motors (NYSE:LAD) received mixed analyst ratings, with an updated average 12-month price target of $345.57, reflecting a 5.49% increase from the previous target. Analysts' actions varied, including ratings adjustments and price target changes, in response to Lithia Motors' market dynamics and performance. The company, a leading auto dealer, reported a 10.48% revenue growth rate as of December 31, 2023, and strong financial metrics such as a 2.78% net margin and a 3.5% ROE. Lithia Motors aims for further expansion, particularly in the US and UK markets.
April 10, 2024 | 1:00 pm
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Lithia Motors received mixed ratings from analysts, with an updated average 12-month price target of $345.57, indicating a positive outlook based on its recent performance and expansion plans.
The mixed analyst ratings with a higher average price target suggest optimism about Lithia Motors' future performance. The company's strong financial metrics, including revenue growth and profitability, alongside its expansion plans, particularly in the US and UK, support a positive short-term impact on its stock price. The increase in the average price target reflects analysts' confidence in the company's growth trajectory.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100