Lithia & Driveway (LAD) Increases Revenue 20%; Driveway Finance Corp hits June Penetration Rate of 12.9%

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Go back to Lithia & Driveway (LAD) Increases Revenue 20%; Driveway Finance Corp hits June Penetration Rate of 12.9%

Morgan Stanley Reiterates Underweight Rating on Lithia Motors (LAD), 'Volume Misses, GPUs Still at Peak, Clock Keeps Ticking'

July 20, 2022 9:34 AM EDT

Morgan Stanley analyst Adam Jonas reiterated an Underweight rating and $220.00 price target on Lithia Motors (NYSE: LAD)

The analyst comments "The auto retail market is definitely softening but its still an extraordinarily strong/peak GPU environment for dealers. Dont look for much... More

Lithia Motors & Driveway (LAD) Tops Q2 EPS by 25c

July 20, 2022 8:05 AM EDT

Lithia Motors & Driveway (NYSE: LAD) reported Q2 EPS of $12.18, $0.25 better than the analyst estimate of $11.93. Revenue for the quarter came in at $7.2 billion versus the consensus estimate of $7.29 billion.

For earnings history and earnings-related data on Lithia Motors & Driveway (LAD) click here.

... More