Shares of Lithia Motors Inc (NYSE:LAD) have been given a consensus recommendation of “Buy” by the nine analysts that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $124.00.
Several research analysts have recently commented on the company. Zacks Investment Research raised Lithia Motors from a “hold” rating to a “strong-buy” rating and set a $139.00 target price on the stock in a report on Wednesday. KeyCorp reissued a “buy” rating and issued a $130.00 target price (up from $119.00) on shares of Lithia Motors in a report on Wednesday, October 4th. Berenberg Bank assumed coverage on Lithia Motors in a report on Wednesday, October 4th. They issued a “hold” rating and a $126.00 target price on the stock. Finally, Bank of America raised Lithia Motors from an “underperform” rating to a “neutral” rating and set a $128.00 target price on the stock in a report on Monday.
Lithia Motors (NYSE:LAD) traded up $2.43 during midday trading on Monday, reaching $123.01. The company’s stock had a trading volume of 159,166 shares, compared to its average volume of 255,233. 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 firm has a market capitalization of $3,040.00, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 0.92 and a beta of 1.72. Lithia Motors has a 12 month low of $80.88 and a 12 month high of $124.04.
Lithia Motors (NYSE:LAD) last released its quarterly earnings data on Wednesday, October 25th. The company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.19). The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.62 billion. Lithia Motors had a net margin of 2.14% and a return on equity of 21.02%. The firm’s revenue for the quarter was up 18.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.06 earnings per share. equities analysts expect that Lithia Motors will post 8.34 EPS for the current year.
In other Lithia Motors news, Director Sidney B. Deboer sold 831 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $113.32, for a total transaction of $94,168.92. Following the transaction, the director now owns 433 shares of the company’s stock, valued at approximately $49,067.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Sidney B. Deboer sold 3,051 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $113.25, for a total value of $345,525.75. Following the transaction, the director now directly owns 433 shares in the company, valued at approximately $49,037.25. The disclosure for this sale can be found here. Insiders sold a total of 10,718 shares of company stock worth $1,275,932 over the last three months. 7.85% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Lithia Motors by 2.8% during the 2nd quarter. Vanguard Group Inc. now owns 2,097,189 shares of the company’s stock worth $197,618,000 after buying an additional 56,888 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Lithia Motors by 1.0% during the 2nd quarter. Alliancebernstein L.P. now owns 1,187,168 shares of the company’s stock valued at $111,867,000 after acquiring an additional 11,661 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Lithia Motors by 23.7% during the 3rd quarter. Victory Capital Management Inc. now owns 1,182,723 shares of the company’s stock valued at $142,294,000 after acquiring an additional 226,940 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Lithia Motors by 4.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 977,749 shares of the company’s stock valued at $117,631,000 after acquiring an additional 42,944 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Lithia Motors by 5.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 723,495 shares of the company’s stock valued at $68,175,000 after acquiring an additional 39,692 shares during the last quarter. 98.47% of the stock is currently owned by hedge funds and other institutional investors.
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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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