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Fly News Breaks for January 9, 2020
Jan 9, 2020 | 08:36 EDT
Benchmark analyst Michael Ward initiated coverage of Lithia Motors with a Buy rating and $185 price target, noting that the company's variable gross profit per unit, Parts & Services performance, used vehicle market gains, and cost performance have all been at the high-end of the group recently and he expects "more of the same" in 2020 and 2021.
News For LAD From the Last 2 Days
Feb 24, 2021 | 06:27 EST
Citi analyst Nicholas Jones raised the firm's price target on Lithia Motors to $385 from $320 and keeps a Neutral rating on the shares post the company's Q4 results. The analyst's estimates move higher to reflect ongoing execution of the company's five-year plan, but he continues to see limited room for multiple expansion from here.