Streetbeat News

LAD

Lithia Motors, Inc.

https://www.lithiainvestorrelations.com

Industry

Auto - Dealerships

Lithia Motors, Inc. operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Luxury. It offers new and used vehicles; vehicle financing services; warranties, insurance contracts, and vehicle and theft protection services; and automotive repair and maintenance services, as well as sells vehicle body and parts under the Driveway and GreenCars brand names. As of February 18, 2022, the company operated through 278 stores. It also offers its products online through 300 websites. Lithia Motors, Inc. was founded in 1946 and is headquartered in Medford, Oregon.

Open

374.21

Mkt cap

9.9B

Volume

206K

High

374.23

P/E Ratio

12.67

52-wk high

388.36

Low

364.42

Div yield

0.01

52-wk low

243.00

Lithia Motors (NYSE:LAD) reported Q3 earnings per share of $8.21, surpassing estimates. Despite missing revenue expectations, the company expanded its market reach by acquiring new stores in Florida. Lithia Motors declared a dividend and continued share repurchases.

Portfolio Pulse from Nabaparna Bhattacharya

October 23, 2024 | 1:21 pm

Lithia Motors reported Q3 2024 earnings per share of $8.21, surpassing the analyst estimate of $7.60. However, their sales of $9.221 billion fell short of the expected $9.482 billion, despite being an 11.41% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 9:23 am

Lithia Motors (NYSE:LAD) has received mixed evaluations from 10 analysts over the past three months, with a majority leaning towards neutral or somewhat bullish ratings. The average 12-month price target has increased to $328.4, indicating a positive outlook. Lithia Motors has shown strong financial performance, with significant revenue growth and profitability metrics surpassing industry averages.

Portfolio Pulse from Benzinga Insights

October 15, 2024 | 3:01 pm

Wells Fargo analyst Colin Langan has maintained an Equal-Weight rating on Lithia Motors (NYSE:LAD) but has slightly lowered the price target from $302 to $299.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 1:48 pm

Lithia Motors (NYSE:LAD) has been analyzed by 9 analysts, showing a range of ratings from bullish to bearish. Recent analyst actions have generally been positive, with several raising their price targets. The average 12-month price target is now $331.67, a 16.9% increase from the previous target. Lithia Motors is a major auto retailer with strong financial health, including a 13.81% revenue growth rate and a net margin of 2.32%.

Portfolio Pulse from Benzinga Insights

September 27, 2024 | 7:01 pm

Citigroup analyst Ronald Josey maintains a Neutral rating on Lithia Motors (NYSE:LAD) but raises the price target from $280 to $320.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2024 | 6:28 pm

Morgan Stanley analyst Adam Jonas downgraded Ford, GM, and Rivian due to concerns about the auto industry's outlook, including rising inventories and credit losses. Conversely, the firm upgraded several auto dealers, citing resilience and potential benefits from slower EV adoption.

Portfolio Pulse from Adam Eckert

September 25, 2024 | 4:12 pm

Morgan Stanley analyst Adam Jonas has upgraded Lithia Motors (NYSE:LAD) from Underweight to Equal-Weight and increased the price target from $225 to $310.

Portfolio Pulse from Benzinga Newsdesk

September 25, 2024 | 1:56 pm

Stephens & Co. has initiated coverage on Lithia Motors with an Overweight rating and set a price target of $360.

Portfolio Pulse from Benzinga Newsdesk

September 12, 2024 | 11:18 am

Lithia Motors (NYSE:LAD) has received diverse analyst ratings over the past three months, with a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased to $332.5, indicating positive expectations. Analysts have raised their ratings and price targets, reflecting confidence in Lithia's market performance and growth potential.

Portfolio Pulse from Benzinga Insights

September 10, 2024 | 3:01 pm

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