Guggenheim analyst Ronald Jewsikow raised the firm’s price target on Lithia & Driveway to $383 from $375 and keeps a Buy rating on the shares. The firm is increasing estimates for its auto supplier and auto dealer coverage ahead of Q2 results from the group, telling investors in its preview that the impact of tariffs are having little impact on automotive demand, pricing or costs to date.
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Read More on LAD:
- Lithia Motors: Strong Earnings Growth and Strategic Initiatives Drive Buy Rating
- Lithia & Driveway price target lowered to $335 from $345 at JPMorgan
- Morning Movers: Wells Fargo falls following second quarter results
- Lithia & Driveway sees Q2 EPS $9.70-$10.00, consensus $8.53
- Lithia & Driveway price target raised to $364 from $305 at Wells Fargo