$2.68 Billion in Sales Expected for Lithia Motors Inc (LAD) This Quarter

Wall Street analysts expect Lithia Motors Inc (NYSE:LAD) to announce $2.68 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Lithia Motors’ earnings, with the highest sales estimate coming in at $2.71 billion and the lowest estimate coming in at $2.67 billion. Lithia Motors reported sales of $2.29 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 17%. The company is scheduled to issue its next earnings results on Wednesday, February 21st.

On average, analysts expect that Lithia Motors will report full-year sales of $2.68 billion for the current financial year, with estimates ranging from $10.07 billion to $10.19 billion. For the next fiscal year, analysts anticipate that the company will post sales of $11.12 billion per share, with estimates ranging from $10.74 billion to $11.46 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Lithia Motors.

Lithia Motors (NYSE:LAD) last posted its earnings results on Wednesday, October 25th. The company reported $2.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.37 by ($0.19). Lithia Motors had a return on equity of 21.02% and a net margin of 2.14%. The firm had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the previous year, the company earned $2.06 EPS. The business’s revenue was up 18.7% compared to the same quarter last year.

Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Lithia Motors from a “hold” rating to a “strong-buy” rating and set a $139.00 target price for the company in a research note on Wednesday, January 10th. Bank of America upgraded shares of Lithia Motors from an “underperform” rating to a “neutral” rating and set a $128.00 target price for the company in a research note on Monday, January 8th. KeyCorp reiterated a “buy” rating and issued a $130.00 target price on shares of Lithia Motors in a research note on Monday, November 13th. Finally, Berenberg Bank initiated coverage on shares of Lithia Motors in a research note on Wednesday, October 4th. They issued a “hold” rating and a $126.00 target price for the company. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Lithia Motors presently has an average rating of “Buy” and a consensus target price of $124.00.

Shares of Lithia Motors (LAD) opened at $120.03 on Thursday. Lithia Motors has a one year low of $80.88 and a one year high of $125.87. The company has a quick ratio of 0.26, a current ratio of 1.21 and a debt-to-equity ratio of 0.96. The stock has a market cap of $3,029.40, a price-to-earnings ratio of 14.58, a PEG ratio of 0.63 and a beta of 1.72.

In related news, Director Kenneth E. Roberts sold 5,000 shares of the stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $124.00, for a total transaction of $620,000.00. Following the completion of the transaction, the director now owns 110,064 shares in the company, valued at $13,647,936. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Sidney B. Deboer sold 3,051 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $113.25, for a total transaction of $345,525.75. Following the transaction, the director now owns 433 shares of the company’s stock, valued at approximately $49,037.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,718 shares of company stock valued at $1,275,932. 7.85% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of LAD. D.A. Davidson & CO. grew its position in Lithia Motors by 7.3% during the second quarter. D.A. Davidson & CO. now owns 1,104 shares of the company’s stock valued at $104,000 after buying an additional 75 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Lithia Motors by 9.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,198 shares of the company’s stock valued at $113,000 after buying an additional 105 shares during the period. Canada Pension Plan Investment Board bought a new position in Lithia Motors during the third quarter valued at about $144,000. Public Employees Retirement System of Ohio grew its position in Lithia Motors by 12.7% during the second quarter. Public Employees Retirement System of Ohio now owns 1,806 shares of the company’s stock valued at $170,000 after buying an additional 204 shares during the period. Finally, Riverhead Capital Management LLC grew its position in Lithia Motors by 93.8% during the second quarter. Riverhead Capital Management LLC now owns 2,132 shares of the company’s stock valued at $201,000 after buying an additional 1,032 shares during the period.

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Lithia Motors Company Profile

Lithia Motors, Inc is an operator of automotive franchises and a retailer of new and used vehicles and related services. As of February 28, 2017, it offered 30 brands of new vehicles and all brands of used vehicles in 154 stores in the United States and online at Lithia.com, DCHauto.com and CarboneCars.com.

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