Citi analyst Michael Ward raised the firm’s price target on Lithia & Driveway to $385 from $383 and keeps a Buy rating on the shares as part of a Q3 earnings preview for the auto dealer group. The firm sees the group continuing to perform well amid higher gross margins, cost reductions, and ongoing industry consolidation.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LAD:
- Lithia Motors Completes $600M Senior Notes Offering
- Lithia & Driveway price target lowered to $385 from $500 at BofA
- Strategic Divestment and Strong Earnings Outlook Drive Buy Rating for Lithia Motors
- Lithia & Driveway reinstated with a Buy at Jefferies
- Lithia Motors Announces $600M Senior Notes Offering