Evercore analyst Douglas Dutton maintains $Lithia Motors (LAD.US)$ with a buy rating, and maintains the target price at $360.
According to TipRanks data, the analyst has a success rate of 75.0% and a total average return of 13.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Lithia Motors (LAD.US)$'s main analysts recently are as follows:
Lithia & Driveway is expected to continue benefiting from a combination of self-improvement measures and distinctive earnings drivers, which may also contribute to a broadening of its valuation multiples. This follows the company's reporting of earnings that surpassed expectations and were considered high quality.
Lithia & Driveway experienced an 11% increase in their trading following a third-quarter performance that surpassed expectations. The decline in new GPUs was not as sharp as anticipated on a quarter-over-quarter basis. Furthermore, the company has not only achieved but exceeded its initial cost-saving goals, attaining $200 million in annualized savings with a further $100 million expected.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
