Lithia & Driveway (LAD) Increases Revenue 20%; Driveway Finance Corp hits June Penetration Rate of 12.9%
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Morgan Stanley Reiterates Underweight Rating on Lithia Motors (LAD), 'Volume Misses, GPUs Still at Peak, Clock Keeps Ticking'
July 20, 2022 9:34 AM EDTMorgan 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 EDTLithia 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.
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