Lithia Motors (LAD) stock soared 5.04% in Tuesday's trading session, following a positive analyst report from Citigroup. The financial services giant maintained its Buy rating on the automotive retailer and raised its target price, signaling strong confidence in the company's future performance.

Citigroup analysts increased their price target for Lithia Motors to $383 from $378, suggesting potential upside for the stock. This upgrade comes as the automotive industry continues to navigate supply chain challenges and shifting consumer demands in the post-pandemic market.

The stock's significant jump indicates that investors are responding favorably to the analyst's optimistic outlook. Lithia Motors, one of the largest automotive retailer groups in the United States, has been expanding its dealership network and investing in digital retail platforms, which may have contributed to the positive sentiment.