Strength Seen in Lithia Motors (LAD): Can Its 6.7% Jump Turn into More Strength?
LADLithia Motors(LAD) ZACKS·2024-09-20 17:56

Lithia Motors (LAD) shares soared 6.7% in the last trading session to close at 305.46.Themovewasbackedbysolidvolumewithfarmoreshareschanginghandsthaninanormalsession.Thiscomparestothestock′s0.1305.46. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 0.1% loss over the past four weeks.Lithia shares have gained since the company acquired three Duval Motor Company stores last week, marking its foray into the Florida market.  These newly acquired dealerships are expected to generate more than 200 million in annual revenues. This move to expand ...