On Oct 24, major Wall Street analysts update their ratings for $Lithia Motors (LAD.US)$, with price targets ranging from $343 to $380.
J.P. Morgan analyst Rajat Gupta CFA maintains with a buy rating.
Wells Fargo analyst Colin Langan maintains with a hold rating, and maintains the target price at $343.
Evercore analyst Douglas Dutton maintains with a buy rating, and maintains the target price at $360.
Seaport Global analyst Glenn Chin maintains with a buy rating, and maintains the target price at $380.
Craig-Hallum analyst Ryan Sigdahl maintains with a buy rating.
Furthermore, according to the comprehensive report, the opinions of $Lithia Motors (LAD.US)$'s main analysts recently are as follows:
The firm views Lithia & Driveway as well-positioned to capitalize on a blend of self-driven initiatives and distinct earnings drivers, which could also lead to an expansion of valuation multiples.
Lithia & Driveway's shares experienced an 11% increase following a third-quarter performance that surpassed expectations. The decline in new GPUs was less pronounced than anticipated on a quarterly basis. Additionally, the company surpassed its initial cost savings goal, achieving $200 million in annualized savings, with plans to realize an extra $100 million.
Here are the latest investment ratings and price targets for $Lithia Motors (LAD.US)$ from 5 analysts:
Note:
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