Stephens analyst Jeff Lick maintains $Lithia Motors (LAD.US)$ with a buy rating, and adjusts the target price from $360 to $405.
According to TipRanks data, the analyst has a success rate of 45.5% and a total average return of 9.3% 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 thought to be well-situated to gain from a mix of internal and distinctive earnings drivers, as well as the potential for multiple expansion, following a significant earnings beat that was deemed high-quality.
Lithia & Driveway's shares experienced an 11% uptick following a third-quarter performance that surpassed expectations. The company's new Gross Profit per Unit (GPU) saw a smaller than anticipated decrease when compared to the previous quarter. Additionally, the company not only surpassed its initial cost savings goal but also achieved $200 million in annualized savings, with plans to realize a further $100 million.
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.
