Lithia (LAD) Short-Term View Bearish Despite Buyouts & Buybacks
Lithia Motors(LAD) ZACKS·2024-06-06 04:01
Lithia Motors (LAD) , one of the leading auto retailers in the United States, has been on an aggressive acquisition spree and remains committed to shareholder returns through buybacks and dividends. Despite its strategic moves, the company's stock performance has been lackluster of late, indicating potential challenges ahead.In this write-up, we will discuss the reasons behind our near-term bearish outlook for Lithia, despite its aggressive growth strategies and share repurchase programs. LAD’s Buyout Binge ...