U.S. auto retailer Lithia Motors beats estimates on record car prices

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Go back to U.S. auto retailer Lithia Motors beats estimates on record car prices

Lithia Motors (LAD) PT Lowered to $450 at Jefferies

October 21, 2021 7:58 AM EDT

Jefferies analyst Bret Jordan lowered the price target on Lithia Motors (NYSE: LAD) to $450.00 (from $480.00) while maintaining a Buy rating.

The analyst commented, "LAD Q3'21 adj. EPS of $11.21 beat our $11.04 est. and cons. of $9.30 as record new GPUs more than offset... More