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Lithia Motors, Inc. (LAD) Accelerates Growth with Canadian Acquisition
Yahoo Finance· 2026-02-04 10:44
Group 1 - Lithia Motors Inc. is recognized as one of the best used-car stocks to buy, with a Buy rating and a price target of $400 from Benchmark analysts [1][2] - The company is experiencing growth through its acquisition of Fine Ford in the Greater Toronto Area, which is expected to increase annualized revenue by $100 million [3][4] - Despite a bullish outlook, the research firm has adjusted forecasts, predicting reductions in new-vehicle volumes and gross profit per unit, with an estimated adjusted EBITDA of $409 million for the fourth quarter [2][3] Group 2 - Lithia Motors operates over 470 locations across the U.S., Canada, and the UK, providing a full spectrum of transportation solutions, including vehicle sales, financing, and repair services [4] - The company's omnichannel approach, including Driveway.com, facilitates both online and in-store purchasing, enhancing customer experience [4]