Lithia Motors (NYSE:LAD) has been given a consensus rating of “Buy” by the twelve analysts that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $125.14.
LAD has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Lithia Motors from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research report on Wednesday, May 2nd. Guggenheim initiated coverage on shares of Lithia Motors in a research report on Monday, April 16th. They set a “neutral” rating on the stock. ValuEngine cut shares of Lithia Motors from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Morgan Stanley increased their price objective on shares of Lithia Motors from $116.00 to $126.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 14th. Finally, Stephens reissued a “buy” rating on shares of Lithia Motors in a research report on Thursday, February 15th.
Hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its holdings in shares of Lithia Motors by 15.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 626,421 shares of the company’s stock worth $71,155,000 after acquiring an additional 82,360 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Lithia Motors by 5.4% in the 3rd quarter. California Public Employees Retirement System now owns 30,032 shares of the company’s stock worth $3,613,000 after acquiring an additional 1,532 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of Lithia Motors by 8.4% in the 4th quarter. Westwood Holdings Group Inc. now owns 225,855 shares of the company’s stock worth $25,655,000 after acquiring an additional 17,425 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of Lithia Motors in the 4th quarter worth about $1,195,000. Finally, Boston Partners raised its holdings in shares of Lithia Motors by 7.5% in the 4th quarter. Boston Partners now owns 586,891 shares of the company’s stock worth $66,665,000 after acquiring an additional 41,190 shares during the last quarter.
Shares of LAD opened at $96.22 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.24 and a debt-to-equity ratio of 1.05. The firm has a market cap of $2.40 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 0.42 and a beta of 1.73. Lithia Motors has a 12 month low of $86.05 and a 12 month high of $127.99.
Lithia Motors (NYSE:LAD) last issued its quarterly earnings results on Wednesday, April 25th. The company reported $2.07 EPS for the quarter, missing the Zacks’ consensus estimate of $2.30 by ($0.23). The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.73 billion. Lithia Motors had a net margin of 2.34% and a return on equity of 20.61%. The business’s revenue was up 18.9% compared to the same quarter last year. During the same period last year, the company posted $1.78 EPS. sell-side analysts predict that Lithia Motors will post 10.63 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Stockholders of record on Friday, May 11th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Thursday, May 10th. This is a boost from Lithia Motors’s previous quarterly dividend of $0.27. Lithia Motors’s dividend payout ratio is 13.83%.
Lithia Motors Company Profile
Lithia Motors, Inc operates automotive franchises, and retails new and used vehicles in the United States. The company operates in three segments: Domestic, Import, and Luxury. It sells new and used cars, replacement parts, vehicle service contracts, vehicle protection products, and credit insurance products; provides vehicle maintenance, warranty, paint, and repair services; and arranges related financing.
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