Lithia & Driveway price target raised to $380 from $350 at Guggenheim

Guggenheim analyst Ronald Jewsikow raised the firm’s price target on Lithia & Driveway to $380 from $350 and keeps a Buy rating on the shares following what the firm calls “a high-quality EPS beat.” The firm thinks Lithia remains positioned to benefit from a confluence of self-help and unique EPS drivers, as well as multiple expansion, the analyst tells investors in a post-earnings note.