Goldman resumed coverage on Lithia Motors with a new price target
$LAD
Retail-Auto Dealers and Gas Stations
Consumer Discretionary
Goldman resumed coverage of Lithia Motors with a rating of Neutral and set a new price target of $340.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/3/2025 | $340.00 | Neutral | Goldman |
| 4/23/2025 | $415.00 → $375.00 | Neutral → Buy | Citigroup |
| 1/8/2025 | $400.00 | Buy | The Benchmark Company |
| 9/12/2024 | $360.00 | Overweight | Stephens |
| 8/9/2024 | $338.00 | Neutral → Buy | Guggenheim |
| 6/10/2024 | $270.00 → $280.00 | Neutral → Overweight | JP Morgan |
| 5/17/2024 | Buy → Neutral | Guggenheim | |
| 1/17/2024 | $400.00 | Outperform | Evercore ISI |
The Presidio Group LLC ("Presidio"), an independent merchant banking firm focused on mergers and acquisitions, capital raising and investments in the automotive retail and consumer mobility sectors, exclusively advised Trudy Higginbotham Moody, Wallis Higginbotham and family on the sale of two Mercedes-Benz dealerships to Lithia Motors, Inc. (NYSE:LAD). The transaction, which was finalized June 2, involved Mercedes-Benz of Jackson in Mississippi and Mercedes-Benz of Collierville in suburban Memphis, Tenn., and included their associated real estate. The Mercedes stores had been part of a family business led by longtime dealer Dennis Higginbotham, who founded his first dealership in New S
MEDFORD, Ore., June 10, 2025 /PRNewswire/ -- Lithia & Driveway (NYSE:LAD) today announced the purchase of two Mercedes-Benz stores in Collierville, TN and Jackson, MS. This strategic move increases store density and luxury mix by adding LAD's first Mercedes-Benz store in the Southeast region, bringing an estimated $220 million in annualized revenue. "We are thrilled to expand our presence in the Southeast with the addition of these two premier Mercedes-Benz stores. These acquisitions align with our strategic focus on growing in high-performing regions and strengthen our luxury
Pinewood.AI to Acquire Lithia's 51% Stake; New Contract Secures Deployment Across Lithia's Dealerships in US and Canada by 2028 LONDON and MEDFORD, Ore., June 6, 2025 /PRNewswire/ -- Pinewood Technologies Group plc (Pinewood.AI), a leading cloud-based software provider for the automotive retail industry, and Lithia UK Holdings Limited, a wholly-owned subsidiary of Lithia & Driveway (NYSE:LAD), today announced an agreement in which Pinewood.AI will acquire Lithia's 51% interest in their North American joint venture for $76.5 million. The acquisition will be satisfied through the issue of 14,560,691 new ordinary shares in Pinewood.AI and values the joint venture at $150 million.
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4 - LITHIA MOTORS INC (0001023128) (Issuer)
SC 13G - LITHIA MOTORS INC (0001023128) (Subject)
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SC 13G - LITHIA MOTORS INC (0001023128) (Subject)
Announces Increased Dividend of $0.55 per Share for First Quarter MEDFORD, Ore., April 23, 2025 /PRNewswire/ -- Lithia & Driveway (NYSE:LAD) today reported the highest first quarter revenue in company history, and a 35% increase in diluted earnings per share compared to the same period in 2024. First quarter 2025 revenue increased 7% to $9.2 billion from $8.6 billion in the first quarter of 2024. First quarter 2025 diluted earnings per share attributable to LAD was $7.94, a 35% increase from $5.89 per share reported in the first quarter of 2024. First quarter 2025 adjusted dil
MEDFORD, Ore., April 1, 2025 /PRNewswire/ -- Lithia & Driveway (NYSE:LAD) today announced its first quarter 2025 earnings will be released before the market opens on Wednesday, April 23, 2025. A conference call to discuss the earnings results is scheduled for the same day at 10:00 a.m. Eastern Time. How to Participate The conference call may be accessed by telephone at (877) 407-8029. To listen live on our website, or for replay, visit investors.lithiadriveway.com and click on quarterly earnings. About Lithia & Driveway (LAD) Lithia & Driveway (NYSE:LAD) is the largest global
Announces Dividend of $0.53 per Share for Fourth Quarter MEDFORD, Ore., Feb. 12, 2025 /PRNewswire/ -- Lithia & Driveway (NYSE:LAD) today reported the highest fourth quarter revenue in company history and the first profitable year for Financing Operations, which includes Driveway Finance Corporation. Fourth quarter 2024 revenue increased 20% to $9.2 billion from $7.7 billion in the fourth quarter of 2023. Fourth quarter 2024 diluted earnings per share attributable to LAD was $8.12, a 5% increase from $7.74 per share reported in the fourth quarter of 2023. Fourth quarter 2024 ad
Goldman resumed coverage of Lithia Motors with a rating of Neutral and set a new price target of $340.00
Citigroup upgraded Lithia Motors from Neutral to Buy and set a new price target of $375.00 from $415.00 previously
The Benchmark Company initiated coverage of Lithia Motors with a rating of Buy and set a new price target of $400.00
11-K - LITHIA MOTORS INC (0001023128) (Filer)
SCHEDULE 13G - LITHIA MOTORS INC (0001023128) (Subject)
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MEDFORD, Ore., April 15, 2025 /PRNewswire/ -- Lithia & Driveway (NYSE:LAD) has announced today that Adam Chamberlain will transition from his current role as Executive Vice President and Chief Operating Officer effective June 1, 2025 to join Mercedes-Benz as CEO of Mercedes-Benz USA. "We are incredibly grateful for Adam's leadership as our Chief Operating Officer and the value he brought to Lithia & Driveway," said Bryan DeBoer, President and CEO of Lithia & Driveway. "His contributions have helped strengthen our operations, sharpen our offerings and customer awareness, drive