Stephens raised the firm’s price target on Lithia & Driveway to $385 from $365 and keeps an Overweight rating on the shares after the company reported a “solid” Q2. New GPU commentary on the call suggests Q3 will be stronger than expected, said the firm, which adds that recent industry checks are “getting more bullish” on auto lending in the near term.
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Read More on LAD:
- Lithia & Driveway price target raised to $340 from $245 at Citi
- Lithia & Driveway price target raised to $348 from $305 at Goldman Sachs
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