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Stock impact report

Lithia Motors (LAD) Pushes U.S. Acquired Revenue to $225 Million [Yahoo! Finance]

Lithia Motors, Inc. (LAD) 
Last lithia motors, inc. earnings: 4/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: lithiainvestorrelations.com
Company Research Source: Yahoo! Finance
Lithia Motors Inc. (NYSE: LAD ) is one of the 10 best retail stocks with huge upside potential . On March 3, Lithia Motors Inc. (NYSE:LAD) announced that the company is acquiring Toyota of Gallatin and Mercedes-Benz of Medford. These transactions bring the company's cumulative year-to-date annualized U.S.-based revenue through acquisitions to $225 million. The deals were financed through the company's on-balance-sheet resources. Earlier, on February 20, Lithia Motors Inc. (NYSE:LAD) was downgraded from an Overweight rating to Neutral by JPMorgan. The firm reduced the price target on the stock from $350 to $335, resulting in an upside potential of nearly 23% for investors. The firm noted that while the company's fourth-quarter same-store performance was robust, the effect was negated by weaker-than-anticipated cost control measures. With execution visibility continuing to be a challenge, the company's balance sheet leverage has also now reached the high end of its targeted range. Show less Read more
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