JPMorgan lowered the firm’s price target on Lithia & Driveway to $400 from $405 and keeps an Overweight rating on the shares as part of a Q4 earnings preview for the franchise auto dealerships. Franchise dealers on average have had a strong start to 2025, sustaining outperformance since the U.S. presidential elections, the analyst tells investors in a research note. The firm says immediate fundamentals have been supportive with sharp recovery in industry volumes, while inventory levels and pricing have remained stable. As such, it increased Q4 earnings estimates for the group to reflect the strong pickup in new and used sales, as well as slower than expected inventory build.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LAD:
- AMD downgraded, Carvana upgraded: Wall Street’s top analyst calls
- Benchmark sees Lithia & Driveway well-positioned for growth, starts at Buy
- Lithia & Driveway initiated with a Buy at Benchmark
- Lithia & Driveway price target raised to $450 from $380 at Seaport Research
- Lithia & Driveway price target raised to $418 from $380 at Guggenheim