Lithia Motors Stock (NYSE:LAD), Trade Ideas

Lithia Motors

Lithia Motors is a retailer of new and used vehicles and related services. The company offers about 50 brands of vehicles at nearly 500 stores globally across the US, Canada, and UK. The company has expanded largely through the acquisition of dealerships in smaller regional markets but now seeks to grow in any part of the US and we expect more deals over time in the US and, at times, abroad. Annual revenue in 2023 was $31 billion and we see over $50 billion possible in a few years. The US was 90% of 2023 revenue and the UK second at 6%, the latter should rise significantly with the early 2024 Pendragon acquisition. In 2023, new-car sales were about 49% of total revenue. Lithia was founded in 1946, went public in 1996, and is the largest US auto dealer. It is based in Medford, Oregon.

Stock Market

AMST

APDN

ATXI

BNAI

CSSE

New Oriental Education & Technology Group

ENPH

FNCH

GCTK

HELE

ISUN

LICN

MANH

MRSN

MULN

NIVF

NVTS

ODFL

RBBN

RCON

RILY

SNBR

TROO

TSLA

VAXX

VICR

WIMI

Connexa Sports Technologies Inc. - Common Stock

YYAI

Why Teledyne Technologies Shares Are Trading Lower By 9%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

Earnings

Equities

News

Movers

General

Lithia Motors reported first-quarter FY24 sales growth of 23% year-on-year to $8.56 billion, beating the analyst consensus estimate of $8.54 billion. Adjusted EPS of $6.11 missed the analyst consensus of $7.89.

Why Is Lithia Motors Stock Sliding Today?

enphase shutter

Pre-Market Outlook

Markets

Trading Ideas

RVTY

Enphase Energy Reports Weak Results, Joins Lithia Motors And Other Big Stocks Moving Lower In Wednesday&#39;s Pre-Market Session

Lithia Motors Inc

Ladder Capital Corp

LadRx Corp

Citigroup analyst Ronald Josey maintains Lithia Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) with a Neutral and lowers the price target from $320 to $280.

Price Target

Analyst Ratings

Citigroup Maintains Neutral on Lithia Motors, Lowers Price Target to $280

Craig-Hallum analyst Ryan Sigdahl maintains Lithia Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) with a Buy and lowers the price target from $350 to $310.

Craig-Hallum Maintains Buy on Lithia Motors, Lowers Price Target to $310

Wells Fargo analyst Colin Langan maintains Lithia Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) with a Equal-Weight and lowers the price target from $290 to $248.

Wells Fargo Maintains Equal-Weight on Lithia Motors, Lowers Price Target to $248

Shares of Teledyne Technologies Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) fell sharply during Wednesday's session after the company reported worse-than-expected first-quarter financial results and <a href="https://www.benzinga.com/quote/TDY/earnings">cut FY24 adjusted EPS guidance.</a>
Teledyne Technologies posted adjusted earnings of $4.55 per share, missing market estimates of $4.63 per share. The company's quarterly sales came in at $1.35 billion versus expectations of $1.40 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Teledyne Technologies shares dipped 9.3% to $369.16 on Wednesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSSE#NASDAQ">CSSE</a>) gained 136% to $0.3570.</li>
<li>BranchOut Food Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOF#NASDAQ">BOF</a>) shares climbed 73% to $1.98 after the company announced it has expanded its existing relationship with the nation&#8217;s largest retailer, which brings the total annualized value of commitments from the retailer to over $8 million.</li>
<li>Amesite Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMST#NASDAQ">AMST</a>) jumped 55.7% to $3.10 after the company announced the Beta release of its NurseMagic app.</li>
<li>Lichen China Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LICN#NASDAQ">LICN</a>) gained 53.5% to $0.8599.</li>
<li>WiMi Hologram Cloud Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIMI#NASDAQ">WIMI</a>) rose 44.6% to $1.05.</li>
<li>Mullen Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) rose 44% to $3.93.</li>
<li>Prenetics Global Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRE#NASDAQ">PRE</a>) gained 36.6% to $6.25.</li>
<li>B. Riley Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RILY#NASDAQ">RILY</a>) shares surged 29.9% to $28.20 after the company announced the results of an independent investigation showed the company and its executives had no involvement with, or knowledge of, any of the alleged misconduct concerning Mr. Kahn or any of his affiliates.</li>
<li>MMTec, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) shares climbed 29% to $2.8948.</li>
<li>Connexa Sports Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYAI#NASDAQ">YYAI</a>) gained 28.8% to $0.9427.</li>
<li>Ribbon Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBBN#NASDAQ">RBBN</a>) shares rose 27.2% to $3.2699 after the company reported first-quarter financial results and issued guidance.</li>
<li>TROOPS, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROO#NASDAQ">TROO</a>) gained 26.6% to $1.38.</li>
<li>Babcock &amp; Wilcox Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BW#NYSE">BW</a>) gained 19.9% to $1.10</li>
<li>Hasbro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) surged 12.1% to $65.13 following better-than-expected first-quarter financial results.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) gained 11.9% to $161.93 following first-quarter results.</li>
<li>Vertiv Holdings Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) climbed 11.2% to $88.07 after the company reported better-than-expected first-quarter financial results and raised its 2024 guidance.</li>
<li>Intchains Group Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICG#NYSE">ICG</a>) gained 10.3% to $10.30.</li>
<li>Navitas Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVTS#NASDAQ">NVTS</a>) surged 9.2% to $4.1402. Navitas Semiconductor is expected to report first-quarter financial results on Thursday, May 9.</li>
<li>Westinghouse Air Brake Technologies Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) surged 9% to $161.84 after the company reported better-than-expected first-quarter financial results and raised its 2024 guidance.</li>
<li>Stride, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LRN#NYSE">LRN</a>) surged 8.4% to $63.07 after the company reported better-than-expected third-quarter financial results and issued FY24 revenue guidance above estimates.</li>
<li>Texas Instruments Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) gained 6.4% to $176.10 following a first-quarter earnings beat.</li>
<li>Boston Scientific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>) surged 6.2% to $73.24 after the company reported better than expected first-quarter earnings and issued guidance.</li>
<li>Hilton Worldwide Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) rose gained 4.4% to $205.69 after the company reported better-than-expected first-quarter financial results and raised FY24 adjusted EPS guidance.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Neo-Concept International Group Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCI#NASDAQ">NCI</a>) fell 67.4% to $3.06 after jumping over 137% on Tuesday. The company priced its IPO at $4 per share.</li>
<li>iSun, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISUN#NASDAQ">ISUN</a>) fell 40% to $0.0901 after the company announced a reverse stock split.</li>
<li>GlucoTrack, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCTK#NASDAQ">GCTK</a>) declined 36.8% to $0.4801.</li>
<li>Evotec SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NASDAQ">EVO</a>) shares dipped 32.4% to $5.27 after reporting fiscal year 2023 results.</li>
<li>Avenue Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATXI#NASDAQ">ATXI</a>) fell 31% to $0.0925 after the company announced a reverse stock split.</li>
<li>Vaxxinity, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VAXX#NASDAQ">VAXX</a>) dipped 26.8% to $0.1464.</li>
<li>Applied DNA Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APDN#NASDAQ">APDN</a>) fell 20% to $0.2320.</li>
<li>Brand Engagement Network, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNAI#NASDAQ">BNAI</a>) shares dipped 19.5% to $3.46.</li>
<li>NewGenIvf Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIVF#NASDAQ">NIVF</a>) shares declined 18.8% to $1.81.</li>
<li>Recon Technology, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCON#NASDAQ">RCON</a>) fell 16.5% to $0.0845.</li>
<li>Finch Therapeutics Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNCH#NASDAQ">FNCH</a>) fell 15.5% to $2.35.</li>
<li>New Oriental Education &amp; Technology Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) shares slipped 13.9% to $77.13 following downbeat quarterly earnings.</li>
<li>Mersana Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRSN#NASDAQ">MRSN</a>) fell 11% to $2.8600.</li>
<li>Helen of Troy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HELE#NASDAQ">HELE</a>) dipped 9.8% to $90.45 after the company reported fourth-quarter financial results and issued FY25 guidance below estimates.</li>
<li>Old Dominion Freight Line, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) shares declined 9.7% to $197.95 following a first-quarter revenue miss.</li>
<li>Vicor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VICR#NASDAQ">VICR</a>) dipped 8.5% to $32.17 after the company reported worse-than-expected first-quarter sales results.</li>
<li>Sleep Number Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNBR#NASDAQ">SNBR</a>) fell 8.4% to $13.38.</li>
<li>Manhattan Associates, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) shares declined 8.4% to $211.18 following quarterly results.</li>
<li>Equinox Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQX#NYSE">EQX</a>) fell 8.2% to $5.25. Equinox Gold entered into a binding share purchase agreement with certain funds managed by Orion Mine Finance Management LP to acquire Orion&#8217;s 40% interest in Greenstone Gold Mine GP Inc., giving Equinox Gold 100% ownership of the Greenstone Mine in Ontario, Canada.</li>
<li>Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) fell 4.5% to $108.43 after the company reported worse-than-expected first-quarter financial results and issued second-quarter revenue guidance below estimates.</li>
<li>Lithia Motors, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) shares fell 4.3% to $253.02 following downbeat quarterly earnings.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/04/38400974/tesla-to-180-here-are-10-top-analyst-forecasts-for-wednesday">Tesla To $180? Here Are 10 Top Analyst Forecasts For Wednesday</a>

Why Teledyne Technologies Shares Are Trading Lower By 9%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Lithia Motors, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) reported first-quarter FY24 sales growth of 23% year-on-year to $8.56 billion,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38397562/lithia-driveway-lad-reports-record-first-quarter-revenue-of-8-6-billion-23-increase" rel="noreferrer noopener">beating the analyst consensus estimate of $8.54 billion</a>.
New vehicle&nbsp;same store&nbsp;units grew by 3.6 %. New vehicle retail revenues increased 22.4%&nbsp;Y/Y,&nbsp;and used vehicle retail revenues jumped 25.7%.
GreenCars monthly unique visitors (MUVs) increased by 71%, and Driveway Finance Corporation (DFC) originated approximately $493 million in loans.
Total vehicle gross profit per unit was $4,346. Gross profit rose 10.2% Y/Y to $1.3 billion, and the gross margin contracted 180 basis points to 15.6%.
Operating margin was 4%, and operating income for the quarter fell 9.9% to $341.4 million.
Adjusted EPS of $6.11&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">missed the analyst consensus of $7.89.</a>
Lithia held $440.5 million in cash and equivalents as of March-end. Operating cash flow for the quarter totaled $292.4 million.
Adjusted EBITDA decreased 11% to $361.5 million. Net debt grew 21.1% Y/Y to $3.86 billion as of March-end.
The Board of Directors approved a dividend of $0.53 per share, to be paid on May 24, to shareholders of record on May 10. Under the current share repurchase authorization, approximately $451.7 million remains available.
&#8220;Responding to market conditions, we are rebalancing our capital allocation from acquisitions toward returns to our shareholders, with the long-term target of delivering $2 in EPS per billion in revenues,&#8221; said President and CEO Bryan DeBoer.
Price Action: LAD shares traded lower by 3.55% at $255.10 premarket Wednesday.

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining over 70 points on Wednesday.
Shares of Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) fell sharply in today's pre-market trading after the company reported worse-than-expected first-quarter financial results and issued second-quarter revenue <a href="https://www.benzinga.com/news/earnings/24/04/38391465/enphase-energy-q1-earnings-revenue-eps-come-in-below-estimates-amid-softening-us-demand">guidance below estimates</a>.
Enphase Energy reported first-quarter revenue of $263.3 million, which missed the consensus estimate of $281.95 million, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. The company reported adjusted earnings of 35 cents per share, which missed analyst estimates of 40 cents per share.
Enphase saw second-quarter revenue in the range of $290 million to $330 million versus estimates of $350.706 million. The company anticipated second-quarter gross margin of 42% to 45%.
Enphase Energy shares dipped 7.3% to $105.18 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Evotec SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NASDAQ">EVO</a>) fell 34.7% to $5.09 in pre-market trading after reporting fiscal year 2023 results.</li>
<li>Neo-Concept International Group Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCI#NASDAQ">NCI</a>) fell 11.4% to $8.42 in pre-market trading after jumping over 137% on Tuesday. The company priced its IPO at $4 per share.</li>
<li>Equinox Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQX#NYSE">EQX</a>) fell 9.8% to $5.16 pre-market trading. Equinox Gold entered into a binding share purchase agreement with certain funds managed by Orion Mine Finance Management LP to acquire Orion&#8217;s 40% interest in Greenstone Gold Mine GP Inc., giving Equinox Gold 100% ownership of the Greenstone Mine in Ontario, Canada.</li>
<li>Revvity, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RVTY#NYSE">RVTY</a>) fell 6.1% to $97.17 in pre-market trading.</li>
<li>Jackson Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JXN#NYSE">JXN</a>) shares declined 5.9% to $65.45 in pre-market trading after gaining around 4% on Tuesday.</li>
<li>Lithia Motors, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) shares fell 3.6% to $255.10 in pre-market trading following downbeat quarterly earnings.</li>
<li>New Oriental Education &amp; Technology Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) shares slipped 3.3% to $86.65 in pre-market trading following downbeat quarterly earnings.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38396278/investor-sentiment-improves-further-dow-jumps-over-250-points">Investor Sentiment Improves Further, Dow Jumps Over 250 Points</a>
Photo: Shutterstock

Enphase Energy Reports Weak Results, Joins Lithia Motors And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Lithia Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) reported adjusted quarterly earnings of $6.11 per share which missed the analyst consensus estimate of $7.89 by 22.56 percent. This is a 27.61 percent decrease over earnings of $8.44 per share from the same period last year. The company reported quarterly sales of $8.56 billion which beat the analyst consensus estimate of $8.54 billion by 0.19 percent. This is a 22.69 percent increase over sales of $6.97 billion the same period last year.

Earnings Beats

Earnings Misses

Lithia Motors Q1 Adj $6.11 Misses $7.89 Estimate, Sales $8.56B Beat $8.54B Estimate

<a href="https://www.ft.com/content/42af2045-b7a8-4739-b569-5a22cbac3416" title="https://www.ft.com/content/42af2045-b7a8-4739-b569-5a22cbac3416">https://www.ft.com/content/42af2045-b7a8-4739-b569-5a22cbac3416</a>

FT Reported Lithia Is Preparing To Cut ~250 Roles Across The UK

Guggenheim analyst Ronald Jewsikow maintains Lithia Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) with a Buy and lowers the price target from $320 to $297.

Guggenheim Maintains Buy on Lithia Motors, Lowers Price Target to $297

Lithia Motors's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) short percent of float has risen 4.57% since its last report. The company recently reported that it has 2.77 million shares sold short, which is 11.44% of all regular shares that are available for trading. Based on its trading volume, it would take traders 14.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Lithia Motors Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713366024_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Lithia Motors has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Lithia Motors's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Lithia Motors's peer group average for short interest as a percentage of float is 11.31%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Lithia Motors's Recent Short Interest

In the latest quarter, 7 analysts provided ratings for Lithia Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>), showcasing a mix of bullish and bearish perspectives.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Lithia Motors and provided 12-month price targets. The average target is $345.57, accompanied by a high estimate of $400.00 and a low estimate of $230.00. Surpassing the previous average price target of $327.60, the current average has increased by 5.49%.
<img src="https://www.benzinga.com/files/images/story/2024/1712754032_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The standing of Lithia Motors among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Murphy</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$385.00</td>
<td>$380.00</td>
</tr>
<tr>
<td>John Murphy</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$380.00</td>
<td>$440.00</td>
</tr>
<tr>
<td>Adam Jonas</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Underweight</td>
<td>$230.00</td>
<td>$220.00</td>
</tr>
<tr>
<td>Colin Langan</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$315.00</td>
<td>$298.00</td>
</tr>
<tr>
<td>Kate McShane</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$334.00</td>
<td>$300.00</td>
</tr>
<tr>
<td>Daniel Imbro</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$375.00</td>
<td>-</td>
</tr>
<tr>
<td>Douglas Dutton</td>
<td>Evercore ISI Group</td>
<td>Announces</td>
<td>Outperform</td>
<td>$400.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Lithia Motors. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Lithia Motors compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Lithia Motors's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
For valuable insights into Lithia Motors's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/LAD/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Lithia Motors analyst ratings.</a>
<h2>Unveiling the Story Behind Lithia Motors</h2>
Lithia Motors is a retailer of new and used vehicles and related services. The company offers about 50 brands of vehicles at nearly 500 stores globally across the US, Canada, and UK. The company has expanded largely through the acquisition of dealerships in smaller regional markets but now seeks to grow in any part of the US and we expect more deals over time in the US and, at times, abroad. Annual revenue in 2023 was $31 billion and we see over $50 billion possible in a few years. The US was 90% of 2023 revenue and the UK second at 6%, the latter should rise significantly with the early 2024 Pendragon acquisition. In 2023, new-car sales were about 49% of total revenue. Lithia was founded in 1946, went public in 1996, and is the largest US auto dealer. It is based in Medford, Oregon.
<h3>Understanding the Numbers: Lithia Motors's Finances</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Positive Revenue Trend: Examining Lithia Motors's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 10.48% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: Lithia Motors's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.78% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Lithia Motors's ROE stands out, surpassing industry averages. With an impressive ROE of 3.5%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Lithia Motors's ROA excels beyond industry benchmarks, reaching 1.13%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 1.82, Lithia Motors adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Down Lithia Motors: 7 Analysts Share Their Views

B of A Securities analyst John Murphy maintains Lithia Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) with a Buy and raises the price target from $380 to $385.

B of A Securities Maintains Buy on Lithia Motors, Raises Price Target to $385

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/05/24</td>
<td>$167.50</td>
<td>$284.1K</td>
<td>1.2K</td>
<td>50.0K</td>
</tr>
<tr>
<td>RIVN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$10.00</td>
<td>$101.7K</td>
<td>2.3K</td>
<td>616</td>
</tr>
<tr>
<td>ASO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$60.00</td>
<td>$140.0K</td>
<td>319</td>
<td>502</td>
</tr>
<tr>
<td>SN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$60.00</td>
<td>$29.6K</td>
<td>4.6K</td>
<td>400</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$85.00</td>
<td>$87.7K</td>
<td>5.6K</td>
<td>280</td>
</tr>
<tr>
<td>BABA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$60.00</td>
<td>$50.9K</td>
<td>2.3K</td>
<td>250</td>
</tr>
<tr>
<td>LAD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$270.00</td>
<td>$184.1K</td>
<td>127</td>
<td>122</td>
</tr>
<tr>
<td>PVH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>04/19/24</td>
<td>$145.00</td>
<td>$189.5K</td>
<td>216</td>
<td>108</td>
</tr>
<tr>
<td>JD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$22.50</td>
<td>$33.6K</td>
<td>1.3K</td>
<td>90</td>
</tr>
<tr>
<td>DASH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$140.00</td>
<td>$42.9K</td>
<td>419</td>
<td>77</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on April 5, 2024. This event was a transfer of 999 contract(s) at a $167.50 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $284.1K, with a price of $286.0 per contract. There were 1245 open contracts at this strike prior to today, and today 50049 contract(s) were bought and sold. 
• For RIVN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), we notice a call option trade that happens to be bullish, expiring in 136 day(s) on August 16, 2024. This event was a transfer of 399 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $101.7K, with a price of $255.0 per contract. There were 2322 open contracts at this strike prior to today, and today 616 contract(s) were bought and sold. 
• Regarding ASO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASO#NASDAQ">ASO</a>), we observe a put option sweep with bearish sentiment. It expires in 80 day(s) on June 21, 2024. Parties traded 500 contract(s) at a $60.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $140.0K, with a price of $280.0 per contract. There were 319 open contracts at this strike prior to today, and today 502 contract(s) were bought and sold. 
• Regarding SN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SN#NYSE">SN</a>), we observe a call option sweep with bearish sentiment. It expires in 171 day(s) on September 20, 2024. Parties traded 40 contract(s) at a $60.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $29.6K, with a price of $740.0 per contract. There were 4636 open contracts at this strike prior to today, and today 400 contract(s) were bought and sold. 
• Regarding CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we observe a call option trade with bullish sentiment. It expires in 45 day(s) on May 17, 2024. Parties traded 80 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $87.7K, with a price of $1097.0 per contract. There were 5668 open contracts at this strike prior to today, and today 280 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a put option trade that happens to be bearish, expiring in 444 day(s) on June 20, 2025. This event was a transfer of 100 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $50.9K, with a price of $510.0 per contract. There were 2335 open contracts at this strike prior to today, and today 250 contract(s) were bought and sold. 
• For LAD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>), we notice a call option sweep that happens to be bullish, expiring in 45 day(s) on May 17, 2024. This event was a transfer of 70 contract(s) at a $270.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $184.1K, with a price of $2630.0 per contract. There were 127 open contracts at this strike prior to today, and today 122 contract(s) were bought and sold. 
• For PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>), we notice a put option sweep that happens to be neutral, expiring in 17 day(s) on April 19, 2024. This event was a transfer of 50 contract(s) at a $145.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $189.5K, with a price of $3790.0 per contract. There were 216 open contracts at this strike prior to today, and today 108 contract(s) were bought and sold. 
• For JD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), we notice a call option sweep that happens to be bullish, expiring in 654 day(s) on January 16, 2026. This event was a transfer of 34 contract(s) at a $22.50 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $33.6K, with a price of $995.0 per contract. There were 1333 open contracts at this strike prior to today, and today 90 contract(s) were bought and sold. 
• For DASH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>), we notice a call option sweep that happens to be bearish, expiring in 80 day(s) on June 21, 2024. This event was a transfer of 39 contract(s) at a $140.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $42.9K, with a price of $1100.0 per contract. There were 419 open contracts at this strike prior to today, and today 77 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

BABA

CVNA

DASH

RIVN

10 Consumer Discretionary Stocks Whale Activity In Today's Session

Lithia Motors's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) short percent of float has risen 5.91% since its last report. The company recently reported that it has 2.65 million shares sold short, which is 10.94% of all regular shares that are available for trading. Based on its trading volume, it would take traders 12.01 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Lithia Motors Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711994422_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Lithia Motors has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Lithia Motors's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Lithia Motors's peer group average for short interest as a percentage of float is 11.77%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Lithia Motors?

Lithia Motors's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) short percent of float has fallen 3.63% since its last report. The company recently reported that it has 2.63 million shares sold short, which is 10.88% of all regular shares that are available for trading. Based on its trading volume, it would take traders 10.89 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Lithia Motors Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710442811_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Lithia Motors has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Lithia Motors's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Lithia Motors's peer group average for short interest as a percentage of float is 12.77%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Lithia Motors's Recent Short Interest

B of A Securities analyst John Murphy maintains Lithia Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) with a Buy and lowers the price target from $440 to $380.

B of A Securities Maintains Buy on Lithia Motors, Lowers Price Target to $380

Morgan Stanley analyst Adam Jonas maintains Lithia Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) with a Underweight and raises the price target from $220 to $230.

Morgan Stanley Maintains Underweight on Lithia Motors, Raises Price Target to $230

Lithia &amp; Driveway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) announced today they have purchased Carousel Motor Group, growing their footprint in one of the largest markets in the North Central Region,&nbsp;Minneapolis-St. Paul. The group, comprised mainly of premium luxury brands, is projected to generate more than&nbsp;$900 million&nbsp;in annualized revenue.

Lithia & Driveway Expands in North Central Region with the Purchase of Carousel Motor Group, Financial Terms Undisclosed

4 analysts have shared their evaluations of Lithia Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $356.0, a high estimate of $400.00, and a low estimate of $315.00. This current average reflects an increase of 19.06% from the previous average price target of $299.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1708020056_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
A clear picture of Lithia Motors's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Colin Langan</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$315.00</td>
<td>$298.00</td>
</tr>
<tr>
<td>Kate McShane</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Neutral</td>
<td>$334.00</td>
<td>$300.00</td>
</tr>
<tr>
<td>Daniel Imbro</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$375.00</td>
<td>-</td>
</tr>
<tr>
<td>Douglas Dutton</td>
<td>Evercore ISI Group</td>
<td>Announces</td>
<td>Outperform</td>
<td>$400.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Lithia Motors. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Lithia Motors compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Lithia Motors's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Lithia Motors's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/LAD/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Lithia Motors analyst ratings.</a>
<h2>Get to Know Lithia Motors Better</h2>
Lithia Motors is a retailer of new and used vehicles and related services. The company offers over 45 brands of vehicles at about 350 stores globally including 28 U.S. states at year-end 2022 and entered Canada in mid-2021 with the purchase of Pfaff Automotive and bought Jardine and soon Pendragon in the U.K. in 2023. The company has expanded largely through the acquisition of dealerships in smaller regional markets but now seeks to grow in any part of the U.S. and we expect more deals over time in the U.S. and abroad. Annual revenue in 2022 was $28.2 billion and we see over $50 billion possible in 2025. In 2022, new-car sales were about 46% of total revenue. Lithia was founded in 1946, went public in 1996, and is now the largest U.S. auto dealer. It is based in Medford, Oregon.
<h3>Lithia Motors: Delving into Financials</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Over the 3 months period, Lithia Motors showcased positive performance, achieving a revenue growth rate of 13.45% as of 30 September, 2023. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: Lithia Motors's net margin is impressive, surpassing industry averages. With a net margin of 3.16%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Lithia Motors's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.45% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Lithia Motors's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.45% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Lithia Motors's debt-to-equity ratio is below the industry average. With a ratio of 1.7, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Significance of Analyst Ratings Explained</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Evaluating Lithia Motors: Insights From 4 Financial Analysts

Stephens &amp; Co. analyst Daniel Imbro reiterates Lithia Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) with a Overweight and maintains $375 price target.

Reiteration

Stephens & Co. Reiterates Overweight on Lithia Motors, Maintains $375 Price Target

J.P. Morgan analyst Rajat Gupta CFA has reiterated their neutral stance on LAD stock, giving a Hold rating on April 12. Rajat Gupta CFA has given h...

Lithia Motors Hold Rating Justified by Q1 Performance Shortfalls and Future Earnings Risks

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Lithia Motors (NYSE:<a href="https://investorplace.com/stock-quotes/lad-stock-quote/">LAD</a>) just reported results for the first quarter of 2024.<ul><li>Lithia Motors reported earnings per share of $6.11. This was below the analyst estimate for EPS of $7.89.</li><li>The company reported revenue of $8.56 billion.</li><li>This was 0.19% better than the analyst estimate for revenue of $8.54 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	The post <a href="https://investorplace.com/earning-results/2024/04/lad-stock-earnings-lithia-motors-for-q1-of-2024/">LAD Stock Earnings: Lithia Motors Misses EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

LAD Stock Earnings: Lithia Motors Misses EPS, Beats Revenue for Q1 2024

Lithia Motors, Inc. (LAD) Q1 2024 Earnings Call Transcript

Lithia Motors: Despite Short-Term Troubles, Long-Term Story Remains Intact

Wells Fargo analyst Colin Langan has maintained their neutral stance on LAD stock, giving a Hold rating yesterday. Colin Langan's rating is based o...

Lithia Motors: A Cautious Hold Amidst Mixed Financial Signals

Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on Amazon (AMZN – Research Report), Lithia Mot...

Analysts Conflicted on These Consumer Cyclical Names: Amazon (AMZN), Lithia Motors (LAD) and Avery Dennison (AVY)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Following a tough outing for its first-quarter earnings, new and used car dealership Lithia Motors (NYSE:<a href="https://investorplace.com/stock-quotes/lad-stock-quote/">LAD</a>) saw its shares stumble more than 6% on Wednesday. However, ongoing economic challenges suggest that LAD stock could suffer from even more downside price action.



Lithia <a href="https://qz.com/lithia-motors-q1-earnings-snapshot-1851431157">reported Q1 profit of $162.6 million</a>. On an adjusted basis, earnings came out to $6.11 per share. Unfortunately, this figure missed Wall Street&rsquo;s consensus target of $7.85 per share. On the top line, the auto dealership generated sales of $8.56 billion. Here, the company managed to beat the consensus view of $8.51 billion.



Still, investors didn&rsquo;t appreciate the <a href="https://www.autonews.com/dealers/lithia-q1-earnings-net-income-down-28-margins-slip">gross profit per vehicle dropping 22%</a> to $4,346 last quarter. Subsequently, investors abandoned LAD stock. Notably, CarMax (NYSE:<a href="https://investorplace.com/stock-quotes/kmx-stock-quote/">KMX</a>) &ndash; which only specializes in used vehicles &ndash; gained almost 1% on Wednesday.



Consumers are struggling under the weight of high inflation and high interest rates. Indeed, some signs have emerged that high borrowing costs are <a href="https://investorplace.com/2024/04/rivn-stock-alert-rivian-gets-hit-with-new-class-action-lawsuit/">impeding sales of high-priced electric vehicles</a>. So, if higher-income consumers are struggling, that presents a discouraging backdrop for everyone else.



<h2>Technical Posture Shifts Negatively</h2>



At the moment, analysts rate LAD stock as a <a href="https://www.tipranks.com/stocks/lad/forecast">moderate buy</a>. This assessment breaks down as four buys, three holds and one sell. Further, the average price target of $310.14 implies about 25% upside potential. Naturally, there is a risk in going short Lithia Motors.



On the other hand, technical indicators point to LAD stock representing a <a href="https://www.barchart.com/stocks/quotes/LAD/opinion">strong sell</a>. That&rsquo;s not just in response to the Q1 earnings miss. Rather, since shooting up in late December 2023, LAD stock has struggled for traction. The latest financial disclosure simply emphasized the wider challenges.



<h2>Trade of the Day: Buy LAD Stock Put Options</h2>



For the trade of the day, risk-tolerant speculators may want to consider the <a href="https://www.barchart.com/stocks/quotes/LAD%7C20240517%7C240.00P/overview">17 May 2024 $240 put</a>. This out-of-money (OTM) option anticipates continued downside price action over the next several days. However, there is an important caveat.



<a href="https://investorplace.com/wp-content/uploads/2024/04/lad-stock-trade-of-the-day.jpg"><img width="1024" height="615" src="https://investorplace.com/wp-content/uploads/2024/04/lad-stock-trade-of-the-day-1024x615.jpg" alt=""></a>Chart by Josh Enomoto, InvestorPlace.com After a sharp drop in value, it&rsquo;s not unusual for a security to pop back up &ndash; the so-called dead-cat bounce. According to Barchart, <a href="https://www.barchart.com/stocks/quotes/LAD/cheat-sheet">strong resistance</a> comes into play at around $266. Traders should wait to see if the bulls will push LAD stock to this level on Thursday. If LAD struggles to move past this point, the $240 put would be very tempting.



For one thing, the premium on the put should be cheaper. The bears appear to have control of LAD stock, so a failure to breach an important resistance barrier would embolden the pessimists. Finally, the fundamentals of the broader automotive market don&rsquo;t look enticing, with only a few players like Toyota (NYSE:<a href="https://investorplace.com/stock-quotes/tm-stock-quote/">TM</a>) moving against the grain.



Sadly, LAD stock doesn&rsquo;t appear to be one of those select entities. Therefore, the bearish argument is an enticing one for swing traders.



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	The post <a href="https://investorplace.com/2024/04/trade-of-the-day-bet-against-lithia-motors-lad-stock-before-its-too-late/">Trade of the Day: Bet Against Lithia Motors (LAD) Stock Before It's Too Late</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Trade of the Day: Bet Against Lithia Motors (LAD) Stock Before It's Too Late

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Chicken Soup for the Soul&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/csse-stock-quote/">CSSE</a>) stock is falling on Thursday after the entertainment company <a href="https://finance.yahoo.com/news/chicken-soup-soul-entertainment-receives-210500427.html">received a delisting warning</a> from the Nasdaq Exchange.



Chicken Soup for the Soul was sent a notice on April 18 about a potential delisting due to the late filing of its annual report for 2023. That company ended up filing that report just one day later after the Nasdaq notice.



Chicken Soup for the Soul notes that it intends to meet with the Nasdaq Exchange to address the issue behind the delisting notice. It will also discuss other problems that are keeping it from being compliant with a listing on the exchange.



Chicken Soup for the Soul says that its meeting with the Hearings Panel is set for May 21, 2024. An issue that may come up is the company&rsquo;s stock price. Shares of CSSE stock closed out trading yesterday at 43 cents per share. That&rsquo;s below the $1 minimum required to maintain a Nasdaq listing.



<h2>What This Means for CSSE Stock</h2>



While CSSE shares aren&rsquo;t in immediate danger of being delisted, investors aren&rsquo;t happy about the notice. This has more than 4 million shares of the stock changing hands this morning. That&rsquo;s already above its daily average trading volume of about 3.8 million shares.



Investors will also note that CSSE stock is coming off a massive rally yesterday. That saw its shares climb 179.3% higher with 215 million units traded.



CSSE stock is down 21.9% as of Thursday morning.



There are more stock market stories traders need to know about on Thursday.



We have all of that news ready to go with the latest happenings today! That includes everything going on with shares of Lithia Motors&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/lad-stock-quote/">LAD</a>) stock, GraniteShares 2x Long META Daily ETF&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/fbl-stock-quote/">FBL</a>) stock and ReAlpha Tech&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/aire-stock-quote/">AIRE</a>) stock this morning. You can catch up on this news at the links below!



<h2>More Stock Market News for Thursday </h2>



<ul><li><a href="https://investorplace.com/2024/04/trade-of-the-day-bet-against-lithia-motors-lad-stock-before-its-too-late/">Trade of the Day: Bet Against Lithia Motors (LAD) Stock Before It&rsquo;s Too Late</a></li>



<li><a href="https://investorplace.com/2024/04/why-is-graniteshares-2x-long-meta-daily-etf-fbl-stock-down-31-today/">Why Is GraniteShares 2x Long META Daily ETF (FBL) Stock Down 31% Today?</a></li>



<li><a href="https://investorplace.com/2024/04/why-is-realpha-tech-aire-stock-up-43-today/">Why Is ReAlpha Tech (AIRE) Stock Up 43% Today?</a></li>
</ul>On Penny Stocks and Low-Volume Stocks:&#8239;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



Read More:&#8239;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank">How to Profit Without Getting Scammed</a>



On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	The post <a href="https://investorplace.com/2024/04/why-is-chicken-soup-for-the-soul-csse-stock-down-22-today/">Why Is Chicken Soup for the Soul (CSSE) Stock Down 22% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Why Is Chicken Soup for the Soul (CSSE) Stock Down 22% Today?

In a report released today, Glenn Chin from Seaport Global maintained a Buy rating on Lithia Motors (LAD – Research Report), with a price target of...

Seaport Global Sticks to Its Buy Rating for Lithia Motors (LAD)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Li Auto (NASDAQ:<a href="https://investorplace.com/stock-quotes/li-stock-quote/">LI</a>) stock is slipping on Thursday after the electric vehicle (EV) company&rsquo;s shares were hit with a <a href="https://www.streetinsider.com/Analyst+PT+Change/Barclays+Downgrades+Li+Auto+%28LI%29+to+Equalweight/23113721.html">price target cut and downgrade</a>.



Barclays analyst Jiong Shao downgraded is behind this with a price target drop from $39 per share to $25 per share. That represents a potential upside of 4.7% from its prior closing price. However, it&rsquo;s well below the <a href="https://www.marketbeat.com/stocks/NASDAQ/LI/price-target/">analysts&rsquo; consensus estimate</a> of $45.36 per share.



The downgrade for LI stock drops it from an &ldquo;overweight&rdquo; rating to an &ldquo;equal weight&rdquo; rating. That&rsquo;s more bearish than the analysts&rsquo; consensus rating of moderate buy based on seven opinions.



<h2>Trouble for LI Stock</h2>



Li Auto has been in trouble lately as investors with <a href="https://investorplace.com/2024/04/li-stock-falls-as-competition-concerns-mount-for-li-auto/">ongoing pressure for the EV company</a>. That includes rivals dropping prices to be more competitive in the space.



Li Auto folded to this pressure recently when it announced a <a href="https://investorplace.com/2024/04/li-stock-alert-li-auto-crumbles-as-competition-forces-price-cuts/">series of price drops</a> for its EVs. That affected four of the five EV models sold by the company. The only unaffected model was the Li L6, which just launched last week.



LI stock is down 2% as of Thursday morning with roughly 1.5 million shares traded. That&rsquo;s below its daily average trading volume of about 8.2 million shares.



Investors will find more of the most recent stock market stories ready to go down below!



We have all of the hottest stock market news for Thursday! Among that is what has shares of Nio&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/nio-stock-quote/">NIO</a>), Chicken Soup for the Soul&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/csse-stock-quote/">CSSE</a>) and Lithia Motors&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/lad-stock-quote/">LAD</a>) stock moving today. All of that info is available at the following links!



<h2>More Thursday Stock Market News</h2>



<ul><li><a href="https://investorplace.com/2024/04/nio-stock-alert-nio-signs-new-battery-partnership-with-lotus/">NIO Stock Alert: Nio Signs New Battery Partnership With Lotus</a></li>



<li><a href="https://investorplace.com/2024/04/why-is-chicken-soup-for-the-soul-csse-stock-down-22-today/">Why Is Chicken Soup for the Soul (CSSE) Stock Down 22% Today?</a></li>



<li><a href="https://investorplace.com/2024/04/trade-of-the-day-bet-against-lithia-motors-lad-stock-before-its-too-late/">Trade of the Day: Bet Against Lithia Motors (LAD) Stock Before It&rsquo;s Too Late</a></li>
</ul>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	The post <a href="https://investorplace.com/2024/04/barclays-just-slashed-its-price-target-on-li-auto-li-stock/">Barclays Just Slashed Its Price Target on Li Auto (LI) Stock</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Barclays Just Slashed Its Price Target on Li Auto (LI) Stock

AIRE

AMZN

Press Releases

Lithia & Driveway to Form Strategic Partnership with Pinewood Technologies and Acquire Pendragon PLC's Fleet Management and UK Motor Divisions

Lithia & Driveway Improves Terms to 35.4p Per Pendragon Share with Significant Future Upside

Lithia & Driveway (LAD) Schedules Release of Third Quarter 2023 Results

Lithia & Driveway (LAD) Schedules Release of Fourth Quarter 2023 Results

LITHIA & DRIVEWAY NAMES ADAM CHAMBERLAIN CHIEF CUSTOMER OFFICER

Lithia & Driveway Enters into a Strategic Partnership with Pinewood Technologies and Completes Acquisition for Pendragon PLCs Fleet Management and UK Motor Divisions

Lithia & Driveway (LAD) Reports Record Fourth Quarter Revenue of $7.7 billion, 10% Increase

Lithia & Driveway Expands in North Central Region with the Purchase of Carousel Motor Group

Lithia & Driveway (LAD) Schedules Release of First Quarter 2024 Results

Lithia & Driveway (LAD) Reports Record First Quarter Revenue of $8.6 billion, 23% Increase

Advance Auto Parts

Asbury Automotive Gr

AutoNation

ARKO

AutoZone

Cango Inc. American Depositary Shares, each representing two (2) Class A Ordinary Shares