Jefferies (NYSE:JEF) analyst Bret Jordan maintained a Buy rating on Lithia Motors (NYSE:LAD) on Wednesday, setting a price target of $480, which is approximately 29.33% above the present share price of $371.13.
Jordan expects Lithia Motors to post earnings per share (EPS) of $5.86 for the third quarter of 2021.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Lithia Motors, with an average price target of $455.57.
The analysts price targets range from a high of $520 to a low of $320.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $4.34 billion and a net profit of $239.3 million. The company's market cap is $11.29 billion.
According to TipRanks.com, Jefferies analyst Bret Jordan is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 16.0% and a 66.67% success rate.
Lithia Motors, Inc. engages in the operation of automotive franchises and retail of new and used vehicles. It operates through the following segments: Domestic, Import and Luxury. The Domestic segment comprises of retail automotive franchises that sell new vehicles manufactured by Chrysler, General Motors (NYSE:GM), and Ford. The Import segment composes of automotive franchises that sell new vehicles manufactured by Honda, Toyota, Subaru (OTC:FUJHY), Nissan (OTC:NSANY), and Volkswagen (DE:VOWG_p). The Luxury segment includes retail automotive franchises that sell new vehicles manufactured by BMW, Mercedes-Benz, and Lexus. The company was founded by Walt DeBoer and Sidney B. DeBoer in 1946 and is headquartered in Medford, OR.