Lithia Motors Inc (NYSE:LAD) – Analysts at KeyCorp boosted their FY2018 earnings per share (EPS) estimates for Lithia Motors in a research note issued on Thursday. KeyCorp analyst I. Hodakovsky now forecasts that the company will post earnings of $10.79 per share for the year, up from their prior forecast of $9.54. KeyCorp currently has a “Buy” rating and a $130.00 price target on the stock. KeyCorp also issued estimates for Lithia Motors’ FY2019 earnings at $11.54 EPS.
Other research analysts have also issued reports about the company. Stephens reaffirmed a “buy” rating on shares of Lithia Motors in a research report on Thursday, February 15th. Buckingham Research lowered their target price on Lithia Motors from $137.00 to $131.00 and set a “buy” rating for the company in a research report on Thursday, February 15th. Zacks Investment Research raised Lithia Motors from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Finally, Bank of America raised Lithia Motors from an “underperform” rating to a “neutral” rating and set a $128.00 target price for the company in a research report on Monday, January 8th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Lithia Motors presently has a consensus rating of “Buy” and a consensus price target of $127.86.
Shares of Lithia Motors (NYSE LAD) traded up $0.75 during trading hours on Monday, reaching $110.23. The company had a trading volume of 68,832 shares, compared to its average volume of 247,032. The company has a market cap of $2,773.08, a price-to-earnings ratio of 11.22, a P/E/G ratio of 0.52 and a beta of 1.66. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.28 and a current ratio of 1.21. Lithia Motors has a twelve month low of $80.88 and a twelve month high of $127.99.
Lithia Motors (NYSE:LAD) last announced its earnings results on Wednesday, February 14th. The company reported $2.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.09 by $0.06. The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.70 billion. Lithia Motors had a return on equity of 20.81% and a net margin of 2.43%. Lithia Motors’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period last year, the company earned $1.86 EPS.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Stockholders of record on Friday, March 9th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, March 8th. Lithia Motors’s dividend payout ratio (DPR) is presently 11.07%.
In other news, Director Susan O. Cain sold 1,302 shares of Lithia Motors stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $115.79, for a total value of $150,758.58. Following the completion of the transaction, the director now directly owns 10,940 shares of the company’s stock, valued at approximately $1,266,742.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kenneth E. Roberts sold 534 shares of Lithia Motors stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $122.62, for a total value of $65,479.08. Following the completion of the transaction, the director now directly owns 115,064 shares of the company’s stock, valued at $14,109,147.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,836 shares of company stock valued at $1,466,238. Corporate insiders own 7.85% of the company’s stock.
Several hedge funds have recently bought and sold shares of LAD. Canada Pension Plan Investment Board bought a new position in shares of Lithia Motors in the 3rd quarter worth about $144,000. Public Employees Retirement System of Ohio grew its stake in shares of Lithia Motors by 12.7% in the 2nd 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. Contravisory Investment Management Inc. grew its stake in shares of Lithia Motors by 174.9% in the 4th quarter. Contravisory Investment Management Inc. now owns 1,655 shares of the company’s stock valued at $188,000 after buying an additional 1,053 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Lithia Motors by 142.7% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,648 shares of the company’s stock valued at $188,000 after buying an additional 969 shares during the period. Finally, Koch Industries Inc. acquired a new stake in shares of Lithia Motors in the 2nd quarter valued at about $201,000. 99.33% of the stock is owned by hedge funds and other institutional investors.
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About Lithia Motors
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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