Lithia Motors acquired Porsche Beverly Hills and Audi Santa Monica dealerships, expected to generate $450 million in annualized revenue and expand their luxury automotive market presence.

Lithia Motors reported Q2 2024 revenue of $9.23 billion, up 13.8% year-over-year, and EPS of $7.87 compared to $10.91 a year ago. The company's performance was mixed compared to analyst estimates, with revenue beating expectations but EPS falling short.

Lithia Motors' (LAD) short interest has decreased, indicating a more bullish sentiment from traders. The company's short interest as a percentage of float is lower than its peer group average, suggesting the market is more positive about Lithia Motors compared to its competitors.

While Lithia (LAD) invests in Wheels to help it innovate its top-tier product offerings for corporate clients, Tesla issues a recall of recall of nearly 12,000 Cybertrucks.

Lithia (LAD) and Marubeni make a notable minority investment in Wheels to help it innovate its top-tier product offerings for corporate clients.

While General Motors (GM) authorizes an additional $6 billion in stock repurchase program, Lithia (LAD) continues with its acquisition spree by entering into the Memphis market.

Lithia (LAD) expands its presence in the U.S. Southeast Region by acquiring two dealerships in Memphis, TN, and one in the greater Toronto area.

7 analysts have shared their evaluations of Lithia Motors (NYSE:LAD) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 3 1 3 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 2 0 3 0 0 3M Ago 1 0 0 0 0 Analysts have recently evaluated Lithia Motors and provided 12-month price targets. The average target is $295.71, accompanied by a high estimate of $385.00 and a low estimate of $248.00. Experiencing a 6.55% decline, the current average is now lower than the previous average price target of $316.43. Analyzing Analyst Ratings: A Detailed Breakdown The perception of Lithia Motors by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Rajat Gupta JP Morgan Raises Overweight $280.00 $270.00 Rajat Gupta JP Morgan Lowers Neutral $270.00 $285.00 Ronald Josey Citigroup Lowers Neutral $280.00 $320.00 Ryan Sigdahl Craig-Hallum Lowers Buy $310.00 $350.00 Colin Langan Wells Fargo Lowers Equal-Weight $248.00 $290.00 Ronald Jewsikow Guggenheim Lowers Buy $297.00 $320.00 John Murphy B of A Securities Raises Buy $385.00 $380.00 Key Insights: Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Lithia Motors. This insight gives a snapshot of analysts' perspectives on the current state of the company. Rating: ...Full story available on Benzinga.com

Lithia's (LAD) near-term prospects look muted amid low organic sales growth, declining GPUs from new and used vehicle sales, rising expenses and high leverage.

Lithia Motors (LAD) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

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