Lithia Motors upgraded by Citigroup with a new price target
$LAD
Retail-Auto Dealers and Gas Stations
Consumer Discretionary
Citigroup upgraded Lithia Motors from Neutral to Buy and set a new price target of $375.00 from $415.00 previously
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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 |
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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.
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
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