Breaking News

Over a week ago
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Hot Stocks
Lithia & Driveway acquires Lehman and Esserman stores in South Florida » 07:17
06/28/22
06/28
07:17
06/28/22
07:17
LAD

Lithia & Driveway

$290.36 /

+0.02 (+0.01%)

Lithia & Driveway…

Lithia & Driveway announced they have expanded their south Florida footprint with the purchase of nine Lehman Auto World stores and two Esserman International stores in Miami-Dade County. Together, these eleven stores are projected to generate $850M in annualized revenue. LAD also announced their expansion in Las Vegas, Nevada, with the addition of Henderson Hyundai and Genesis. With this purchase, LAD becomes the sole owner of the Hyundai and Genesis stores in the greater metro area. This is LAD's eighth Las Vegas metro store purchase in the past year and adds a projected $100 million in annualized revenue. The additions of Lehman Auto World, Esserman International, and Henderson Hyundai and Genesis bring LAD's total expected annualized revenue acquired in 2022 to over $2.1B.

ShowHide Related Items >><<
LAD Lithia & Driveway
$290.36 /

+0.02 (+0.01%)

LAD Lithia & Driveway
$290.36 /

+0.02 (+0.01%)

05/20/22 Morgan Stanley
Lithia & Driveway price target lowered to $260 from $300 at Morgan Stanley
04/21/22 Wells Fargo
Lithia & Driveway price target lowered to $350 from $362 at Wells Fargo
04/21/22 Guggenheim
Lithia & Driveway price target raised to $578 from $542 at Guggenheim
04/07/22 JPMorgan
Lithia & Driveway price target lowered to $380 from $425 at JPMorgan
LAD Lithia & Driveway
$290.36 /

+0.02 (+0.01%)

LAD Lithia & Driveway
$290.36 /

+0.02 (+0.01%)

LAD Lithia & Driveway
$290.36 /

+0.02 (+0.01%)

Over a month ago
Recommendations
Lithia & Driveway price target lowered to $260 from $300 at Morgan Stanley » 12:21
05/20/22
05/20
12:21
05/20/22
12:21
LAD

Lithia & Driveway

$284.00 /

-0.03 (-0.01%)

Morgan Stanley analyst…

Morgan Stanley analyst Adam Jonas lowered the firm's price target on Lithia & Driveway to $260 from $300 and keeps an Underweight rating on the shares. The analyst is taking an increasingly cautious stance on the auto dealers, saying conditions are building for "mean-reversion." New profit per unit is three-times pre-COVID levels, which is unsustainable, especially in light of rising interest rates and increased pressure on the consumer, Jonas tells investors in a research note. The analyst believes greater than 50% "negative revision risk" is not fully priced into the stocks. Shares of the U.S. franchise auto dealers have materially outperformed the market over the past six months as supply constraints drove all-time-high gross profit per unit in new and used vehicles, but this can't last, writes the analyst. Jonas expects negative earnings revisions to be a drag on the share performance of the dealer group.

ShowHide Related Items >><<
LAD Lithia & Driveway
$284.00 /

-0.03 (-0.01%)

LAD Lithia & Driveway
$284.00 /

-0.03 (-0.01%)

04/21/22 Wells Fargo
Lithia & Driveway price target lowered to $350 from $362 at Wells Fargo
04/21/22 Guggenheim
Lithia & Driveway price target raised to $578 from $542 at Guggenheim
04/07/22 JPMorgan
Lithia & Driveway price target lowered to $380 from $425 at JPMorgan
02/10/22 Wells Fargo
Lithia & Driveway price target raised to $362 from $345 at Wells Fargo
LAD Lithia & Driveway
$284.00 /

-0.03 (-0.01%)

LAD Lithia & Driveway
$284.00 /

-0.03 (-0.01%)

LAD Lithia & Driveway
$284.00 /

-0.03 (-0.01%)

Hot Stocks
Lithia & Driveway director sells $1.53M in common stock » 19:48
05/18/22
05/18
19:48
05/18/22
19:48
LAD

Lithia & Driveway

$290.52 /

-17.86 (-5.79%)

In a regulatory filing,…

In a regulatory filing, Lithia & Driveway disclosed that its director Sidney Deboer sold 5K share of common stock on May 17th in a total transaction size of $1.53M.

ShowHide Related Items >><<
LAD Lithia & Driveway
$290.52 /

-17.86 (-5.79%)

LAD Lithia & Driveway
$290.52 /

-17.86 (-5.79%)

04/21/22 Wells Fargo
Lithia & Driveway price target lowered to $350 from $362 at Wells Fargo
04/21/22 Guggenheim
Lithia & Driveway price target raised to $578 from $542 at Guggenheim
04/07/22 JPMorgan
Lithia & Driveway price target lowered to $380 from $425 at JPMorgan
02/10/22 Wells Fargo
Lithia & Driveway price target raised to $362 from $345 at Wells Fargo
LAD Lithia & Driveway
$290.52 /

-17.86 (-5.79%)

  • 20
    May
LAD Lithia & Driveway
$290.52 /

-17.86 (-5.79%)

LAD Lithia & Driveway
$290.52 /

-17.86 (-5.79%)

Conference/Events
Lithia & Driveway participates in a conference call with Benchmark » 10:25
05/04/22
05/04
10:25
05/04/22
10:25
LAD

Lithia & Driveway

$301.50 /

+0.075 (+0.02%)

Automotive Analyst Ward…

Automotive Analyst Ward holds a conference call with CEO DeBoer and CFO Miller on May 4 at 11 am hosted by Benchmark.

ShowHide Related Items >><<
LAD Lithia & Driveway
$301.50 /

+0.075 (+0.02%)

LAD Lithia & Driveway
$301.50 /

+0.075 (+0.02%)

04/21/22 Wells Fargo
Lithia & Driveway price target lowered to $350 from $362 at Wells Fargo
04/21/22 Guggenheim
Lithia & Driveway price target raised to $578 from $542 at Guggenheim
04/07/22 JPMorgan
Lithia & Driveway price target lowered to $380 from $425 at JPMorgan
02/10/22 Wells Fargo
Lithia & Driveway price target raised to $362 from $345 at Wells Fargo
LAD Lithia & Driveway
$301.50 /

+0.075 (+0.02%)

  • 20
    May
LAD Lithia & Driveway
$301.50 /

+0.075 (+0.02%)

LAD Lithia & Driveway
$301.50 /

+0.075 (+0.02%)

Conference/Events
Lithia & Driveway participates in a conference call with Benchmark » 04:55
05/04/22
05/04
04:55
05/04/22
04:55
LAD

Lithia & Driveway

$301.43 /

+9.795 (+3.36%)

Automotive Analyst Ward…

Automotive Analyst Ward holds a conference call with CEO DeBoer and CFO Miller on May 4 at 11 am hosted by Benchmark.

ShowHide Related Items >><<
LAD Lithia & Driveway
$301.43 /

+9.795 (+3.36%)

LAD Lithia & Driveway
$301.43 /

+9.795 (+3.36%)

04/21/22 Wells Fargo
Lithia & Driveway price target lowered to $350 from $362 at Wells Fargo
04/21/22 Guggenheim
Lithia & Driveway price target raised to $578 from $542 at Guggenheim
04/07/22 JPMorgan
Lithia & Driveway price target lowered to $380 from $425 at JPMorgan
02/10/22 Wells Fargo
Lithia & Driveway price target raised to $362 from $345 at Wells Fargo
LAD Lithia & Driveway
$301.43 /

+9.795 (+3.36%)

  • 20
    May
LAD Lithia & Driveway
$301.43 /

+9.795 (+3.36%)

LAD Lithia & Driveway
$301.43 /

+9.795 (+3.36%)

Hot Stocks
Fly Intel: Top five weekend stock stories » 20:09
05/01/22
05/01
20:09
05/01/22
20:09
BRK.A

Berkshire Hathaway

$485,089.49 /

-16011.51 (-3.20%)

, BRK.B

Berkshire Hathaway

$322.14 /

-9.34 (-2.82%)

, ATVI

Activision Blizzard

$75.65 /

-1.05 (-1.37%)

, CVX

Chevron

$156.70 /

-5.2 (-3.21%)

, INBK

First Internet Bancorp

$38.63 /

-1.07 (-2.70%)

, CMCSA

Comcast

$39.77 /

-1.94 (-4.65%)

, CMCSK

Comcast

$58.00 /

+ (+0.00%)

, TSLA

Tesla

$870.63 /

-6.38 (-0.73%)

, TWTR

Twitter

$49.01 /

-0.17 (-0.35%)

, LAD

Lithia & Driveway

$282.80 /

-3.35 (-1.17%)

Catch up on the…

Catch up on the weekend's top five stories with this list compiled by The Fly: 1. Berkshire Hathaway (BRK.A; BRK.B) reported a decline in Q1 earnings on slowing economic growth and stock market pullback. The company's net earnings came in at $5.46B, or $3,702 a Class A share equivalent, down over 53% from $11.71B, or $7,638 a share, a year earlier. Its operating earnings were flat year-over-year at $7.04B. Berkshire also reported a loss of $1.58B from its investments. Additionally, the company's stock buybacks slowed down to $3.2B from $6.9B in Q4. Meanwhile, Warren Buffett on Saturday used the annual meeting of Berkshire Hathaway to reveal major new investments including a bigger stake in Activision Blizzard (ATVI), while also railing against Wall Street excess and addressing the risks to his conglomerate of inflation and nuclear war, Reuters' Jonathan Stempel and Carolina Mandl reported. Buffett said Berkshire, long faulted for holding too much cash, boosted its combined stakes in oil company Chevron (CVX) and "Call of Duty" game maker Activision Blizzard nearly six-fold to more than $31 billion. 2. First Internet Bancorp (INBK), the parent company of First Internet Bank, announced that First Century Bancorp. has terminated the agreement and plan of merger between the two companies. Under the agreement, announced November 2, 2021, the consummation of the merger was to have occurred on or before April 30, 2022. The Board of Governors of the Federal Reserve approved the merger on April 29, 2022, but the parties were precluded from closing immediately thereafter due to statutory waiting periods. The parties were unable to agree on extension terms; First Century terminated the agreement on May 1, 2022. 3. Tesla (TSLA) stock has stalled since Elon Musk decided to buy Twitter (TWTR). But the jitters are overdone-and the stock might be primed for a new charge, Al Root wrote in this week's edition of Barron's. Tesla investors are clearly concerned about the deal, which will cost Musk some $44 billion. The doubters may be overplaying their hand, the author noted. Musk agreed to finance a bit more than half of the deal with debt and the rest with equity, which means $21 billion worth. That's entirely manageable for Musk and Tesla investors, the publication added. 4. DreamWorks Animation and Comcast (CMCSA) subsidiary Universal's "The Bad Guys" won this weekend's domestic box office with another $16.1M for a domestic total of $44.4M and $118.7M worldwide. The movie has an A CinemaScore. 5. Lithia Motors (LAD) saw a positive mention in this week's edition of Barron's.

ShowHide Related Items >><<
TWTR Twitter
$49.01 /

-0.17 (-0.35%)

TSLA Tesla
$870.63 /

-6.38 (-0.73%)

LAD Lithia & Driveway
$282.80 /

-3.35 (-1.17%)

INBK First Internet Bancorp
$38.63 /

-1.07 (-2.70%)

CVX Chevron
$156.70 /

-5.2 (-3.21%)

CMCSK Comcast
$58.00 /

+ (+0.00%)

CMCSA Comcast
$39.77 /

-1.94 (-4.65%)

BRK.B Berkshire Hathaway
$322.14 /

-9.34 (-2.82%)

BRK.A Berkshire Hathaway
$485,089.49 /

-16011.51 (-3.20%)

ATVI Activision Blizzard
$75.65 /

-1.05 (-1.37%)

BRK.A Berkshire Hathaway
$485,089.49 /

-16011.51 (-3.20%)

05/01/22 Keefe Bruyette
Berkshire price target lowered to $560,000 from $565,000 at Keefe Bruyette
04/20/22 Keefe Bruyette
Alleghany downgraded to Market Perform from Outperform at Keefe Bruyette
04/19/22 JMP Securities
Alleghany downgraded to Market Perform from Outperform at JMP Securities
03/21/22 Keefe Bruyette
Alleghany complexity makes other bids unlikely, says Keefe Bruyette
BRK.B Berkshire Hathaway
$322.14 /

-9.34 (-2.82%)

11/07/21 Keefe Bruyette
Berkshire Q3 missed 'virtually across the board,' says Keefe Bruyette
09/07/21 Wells Fargo
Kroger price target raised to $46 from $39 at Wells Fargo
08/09/21 UBS
Berkshire Hathaway price target raised to $329 from $319 at UBS
ATVI Activision Blizzard
$75.65 /

-1.05 (-1.37%)

04/25/22 Benchmark
Activision results for Blizzard 'somewhat shocking,' says Benchmark
04/19/22 Goldman Sachs
Activision Blizzard assumed with Not Rated at Goldman Sachs
02/28/22 Benchmark
Playstudios could be target as game industry consolidates, says Benchmark
02/04/22 Benchmark
Activision Blizzard price target raised to $100 from $95 at Benchmark
CVX Chevron
$156.70 /

-5.2 (-3.21%)

04/21/22 Truist
Chevron price target raised to $186 from $160 at Truist
04/21/22 RBC Capital
Chevron downgraded to Sector Perform from Outperform at RBC Capital
04/05/22 UBS
Chevron price target raised to $192 from $150 at UBS
03/14/22 Morgan Stanley
Chevron downgraded to Equal Weight at Morgan Stanley after outperformance
INBK First Internet Bancorp
$38.63 /

-1.07 (-2.70%)

04/22/22 Craig-Hallum
First Internet Bancorp valuation 'extremely attractive,' says Craig-Hallum
04/21/22 Keefe Bruyette
First Internet Bancorp price target lowered to $62 from $66 at Keefe Bruyette
12/09/21 Piper Sandler
First Internet Bancorp price target raised to $61 from $50 at Piper Sandler
11/03/21 Craig-Hallum
First Internet Bancorp price target raised to $55 from $48 at Craig-Hallum
CMCSA Comcast
$39.77 /

-1.94 (-4.65%)

04/29/22 Morgan Stanley
Comcast price target lowered to $55 from $60 at Morgan Stanley
04/29/22 Needham
Accolade price target lowered to $12 from $33 at Needham
04/29/22 Deutsche Bank
Comcast price target lowered to $60 from $62 at Deutsche Bank
04/29/22 BTIG
Accolade downgraded to Neutral from Buy at BTIG
CMCSK Comcast
$58.00 /

+ (+0.00%)

04/14/22 Oppenheimer
Comcast price target lowered to $60 from $75 at Oppenheimer
03/23/22 Craig-Hallum
ComScore poised for share gains in local measurement, says Craig-Hallum
TSLA Tesla
$870.63 /

-6.38 (-0.73%)

04/27/22 Wedbush
Twitter transaction 'was never ideal' for Tesla investors, says Wedbush
04/26/22 Wedbush
'Soap opera' now ends with Musk owning Twitter, says Wedbush
04/25/22 Gordon Haskett
Twitter bid more attractive after market selloff, says Gordon Haskett
04/25/22 Wedbush
Twitter bid unlikely to result in major sale of Musk's Tesla stock, says Wedbush
TWTR Twitter
$49.01 /

-0.17 (-0.35%)

04/29/22 Evercore ISI
Evercore 'impressed' by Snap's product innovation after partner summit
04/28/22 Piper Sandler
Twitter price target raised to $51.50 from $46 at Piper Sandler
04/26/22 Wedbush
Twitter price target raised to $54 from $42 at Wedbush
LAD Lithia & Driveway
$282.80 /

-3.35 (-1.17%)

04/21/22 Wells Fargo
Lithia & Driveway price target lowered to $350 from $362 at Wells Fargo
04/21/22 Guggenheim
Lithia & Driveway price target raised to $578 from $542 at Guggenheim
04/07/22 JPMorgan
Lithia & Driveway price target lowered to $380 from $425 at JPMorgan
02/10/22 Wells Fargo
Lithia & Driveway price target raised to $362 from $345 at Wells Fargo
TWTR Twitter
$49.01 /

-0.17 (-0.35%)

TSLA Tesla
$870.63 /

-6.38 (-0.73%)

LAD Lithia & Driveway
$282.80 /

-3.35 (-1.17%)

INBK First Internet Bancorp
$38.63 /

-1.07 (-2.70%)

CVX Chevron
$156.70 /

-5.2 (-3.21%)

CMCSA Comcast
$39.77 /

-1.94 (-4.65%)

BRK.A Berkshire Hathaway
$485,089.49 /

-16011.51 (-3.20%)

ATVI Activision Blizzard
$75.65 /

-1.05 (-1.37%)

  • 20
    May
TWTR Twitter
$49.01 /

-0.17 (-0.35%)

TSLA Tesla
$870.63 /

-6.38 (-0.73%)

LAD Lithia & Driveway
$282.80 /

-3.35 (-1.17%)

CVX Chevron
$156.70 /

-5.2 (-3.21%)

CMCSK Comcast
$58.00 /

+ (+0.00%)

CMCSA Comcast
$39.77 /

-1.94 (-4.65%)

BRK.A Berkshire Hathaway
$485,089.49 /

-16011.51 (-3.20%)

ATVI Activision Blizzard
$75.65 /

-1.05 (-1.37%)

TSLA Tesla
$870.63 /

-6.38 (-0.73%)

LAD Lithia & Driveway
$282.80 /

-3.35 (-1.17%)

CVX Chevron
$156.70 /

-5.2 (-3.21%)

CMCSK Comcast
$58.00 /

+ (+0.00%)

CMCSA Comcast
$39.77 /

-1.94 (-4.65%)

BRK.B Berkshire Hathaway
$322.14 /

-9.34 (-2.82%)

BRK.A Berkshire Hathaway
$485,089.49 /

-16011.51 (-3.20%)

ATVI Activision Blizzard
$75.65 /

-1.05 (-1.37%)

TWTR Twitter
$49.01 /

-0.17 (-0.35%)

TSLA Tesla
$870.63 /

-6.38 (-0.73%)

CVX Chevron
$156.70 /

-5.2 (-3.21%)

CMCSA Comcast
$39.77 /

-1.94 (-4.65%)

ATVI Activision Blizzard
$75.65 /

-1.05 (-1.37%)

Periodicals
Lithia Motors could rise 65%, good reason to buy, Barron's says » 09:53
04/30/22
04/30
09:53
04/30/22
09:53
LAD

Lithia & Driveway

$282.80 /

-3.35 (-1.17%)

Good luck finding a…

Good luck finding a bargain on a used car-but you can get one in the stock of used-car dealer Lithia Motors, Al Root writes in this week's edition of Barron's. This year has been a bad one for auto stocks-and auto retailer Lithia is no exception. But worries seem overblown, the author notes. Lithia is growing fast, while margins, which shot higher because of shortages, might be more resilient than the market is giving it credit for. At the same time, Lithia is taking steps to compete with the online used-car sellers. With a single-digit valuation, Lithia looks like a value stock, but it has growth-stock potential, the publication adds. Reference Link

ShowHide Related Items >><<
LAD Lithia & Driveway
$282.80 /

-3.35 (-1.17%)

LAD Lithia & Driveway
$282.80 /

-3.35 (-1.17%)

04/21/22 Wells Fargo
Lithia & Driveway price target lowered to $350 from $362 at Wells Fargo
04/21/22 Guggenheim
Lithia & Driveway price target raised to $578 from $542 at Guggenheim
04/07/22 JPMorgan
Lithia & Driveway price target lowered to $380 from $425 at JPMorgan
02/10/22 Wells Fargo
Lithia & Driveway price target raised to $362 from $345 at Wells Fargo
LAD Lithia & Driveway
$282.80 /

-3.35 (-1.17%)

  • 20
    May
LAD Lithia & Driveway
$282.80 /

-3.35 (-1.17%)

Conference/Events
Lithia & Driveway participates in a conference call with Benchmark » 11:11
04/27/22
04/27
11:11
04/27/22
11:11
LAD

Lithia & Driveway

$279.58 /

-3.27 (-1.16%)

Automotive Analyst Ward…

Automotive Analyst Ward holds a conference call with CEO DeBoer and CFO Miller on May 4 at 11 am hosted by Benchmark.

ShowHide Related Items >><<
LAD Lithia & Driveway
$279.58 /

-3.27 (-1.16%)

LAD Lithia & Driveway
$279.58 /

-3.27 (-1.16%)

04/21/22 Wells Fargo
Lithia & Driveway price target lowered to $350 from $362 at Wells Fargo
04/21/22 Guggenheim
Lithia & Driveway price target raised to $578 from $542 at Guggenheim
04/07/22 JPMorgan
Lithia & Driveway price target lowered to $380 from $425 at JPMorgan
02/10/22 Wells Fargo
Lithia & Driveway price target raised to $362 from $345 at Wells Fargo
LAD Lithia & Driveway
$279.58 /

-3.27 (-1.16%)

  • 20
    May
LAD Lithia & Driveway
$279.58 /

-3.27 (-1.16%)

Recommendations
Lithia & Driveway price target lowered to $350 from $362 at Wells Fargo » 07:26
04/21/22
04/21
07:26
04/21/22
07:26
LAD

Lithia & Driveway

$307.49 /

-1.72 (-0.56%)

Wells Fargo analyst Colin…

Wells Fargo analyst Colin Langan lowered the firm's price target on Lithia & Driveway to $350 from $362 following quarterly results. The analyst keeps an Overweight rating on the shares.

ShowHide Related Items >><<
LAD Lithia & Driveway
$307.49 /

-1.72 (-0.56%)

LAD Lithia & Driveway
$307.49 /

-1.72 (-0.56%)

04/21/22 Guggenheim
Lithia & Driveway price target raised to $578 from $542 at Guggenheim
04/07/22 JPMorgan
Lithia & Driveway price target lowered to $380 from $425 at JPMorgan
02/10/22 Wells Fargo
Lithia & Driveway price target raised to $362 from $345 at Wells Fargo
01/18/22 Wells Fargo
Lithia & Driveway initiated with an Overweight at Wells Fargo
LAD Lithia & Driveway
$307.49 /

-1.72 (-0.56%)

  • 20
    May
LAD Lithia & Driveway
$307.49 /

-1.72 (-0.56%)

Recommendations
Lithia & Driveway price target raised to $578 from $542 at Guggenheim » 06:55
04/21/22
04/21
06:55
04/21/22
06:55
LAD

Lithia & Driveway

$307.49 /

-1.72 (-0.56%)

Guggenheim analyst Ali…

Guggenheim analyst Ali Faghri raised the firm's price target on Lithia & Driveway to $578 from $542 and keeps a Buy rating on the shares while reiterating the stock as a "Best Idea" coming out of a Q1 report that "checked all the boxes." Faghri continues to believe Lithia can "conservatively" grow earnings at a low-teens percentage compound annual growth rate through 2025 and now sees visibility for FY23 EPS to potentially exceed $50 and FY25 to exceed $60.

ShowHide Related Items >><<
LAD Lithia & Driveway
$307.49 /

-1.72 (-0.56%)

LAD Lithia & Driveway
$307.49 /

-1.72 (-0.56%)

04/07/22 JPMorgan
Lithia & Driveway price target lowered to $380 from $425 at JPMorgan
02/10/22 Wells Fargo
Lithia & Driveway price target raised to $362 from $345 at Wells Fargo
01/18/22 Wells Fargo
Lithia & Driveway initiated with an Overweight at Wells Fargo
11/17/21 Morgan Stanley
Lithia & Driveway price target lowered to $303 from $335 at Morgan Stanley
LAD Lithia & Driveway
$307.49 /

-1.72 (-0.56%)

  • 20
    May
LAD Lithia & Driveway
$307.49 /

-1.72 (-0.56%)

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.