Lithia Motors (LAD) Reiterated at Buy by Benchmark After Model Update

Benchmark analyst Michael Albanese reiterated a Buy rating and $400.00 price target on Lithia Motors (NYSE: LAD).

The analyst commented, "We are reducing our new vehicle volumes, used GPUS, and de-levering G&A to 67% of sales. We are forecasting $409M in AEBITDA and $8.21 in Adj. EPS for Q4."

For an analyst ratings summary and ratings history on Lithia Motors click here. For more ratings news on Lithia Motors click here.

Shares of Lithia Motors closed at $332.61 yesterday.

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