Lithia Motors, Inc. (NYSE:LAD) – Jefferies Group raised their Q1 2018 earnings estimates for shares of Lithia Motors in a research report issued to clients and investors on Tuesday. Jefferies Group analyst B. Jordan now forecasts that the company will earn $2.18 per share for the quarter, up from their prior estimate of $2.06. Jefferies Group has a “Buy” rating and a $125.00 price objective on the stock.
Several other equities research analysts have also weighed in on the company. Bank of America Corporation lowered Lithia Motors from a “neutral” rating to an “underperform” rating and set a $92.00 price objective for the company. in a report on Friday, June 16th. Zacks Investment Research raised Lithia Motors from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a report on Tuesday, April 25th. Morgan Stanley decreased their price objective on Lithia Motors from $115.00 to $106.00 and set an “overweight” rating for the company in a report on Friday, June 9th. BidaskClub raised Lithia Motors from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Seaport Global Securities initiated coverage on Lithia Motors in a report on Wednesday, June 14th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $109.17.
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Lithia Motors (NYSE LAD) opened at 103.79 on Friday. Lithia Motors has a one year low of $75.85 and a one year high of $109.42. The firm has a 50-day moving average of $97.87 and a 200-day moving average of $94.06. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 12.51 and a beta of 1.73.
Lithia Motors (NYSE:LAD) last issued its quarterly earnings data on Friday, July 28th. The company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.05. Lithia Motors had a net margin of 2.26% and a return on equity of 21.66%. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.45 billion. During the same quarter in the previous year, the business posted $1.96 EPS. The firm’s revenue was up 15.6% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. DF Dent & Co. Inc. raised its position in Lithia Motors by 0.3% in the first quarter. DF Dent & Co. Inc. now owns 4,091 shares of the company’s stock worth $350,000 after buying an additional 11 shares during the last quarter. Texas Permanent School Fund raised its position in Lithia Motors by 0.3% in the second quarter. Texas Permanent School Fund now owns 17,359 shares of the company’s stock worth $1,636,000 after buying an additional 47 shares during the last quarter. Capstone Asset Management Co. raised its position in Lithia Motors by 0.8% in the first quarter. Capstone Asset Management Co. now owns 7,353 shares of the company’s stock worth $630,000 after buying an additional 55 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in Lithia Motors by 0.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 13,096 shares of the company’s stock worth $1,234,000 after buying an additional 75 shares during the last quarter. Finally, D.A. Davidson & CO. raised its position in Lithia Motors by 7.3% in the second quarter. D.A. Davidson & CO. now owns 1,104 shares of the company’s stock worth $104,000 after buying an additional 75 shares during the last quarter. 97.34% of the stock is owned by institutional investors and hedge funds.
In other Lithia Motors news, Director Sidney B. Deboer sold 5,000 shares of Lithia Motors stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $98.00, for a total transaction of $490,000.00. Following the completion of the transaction, the director now owns 79,468 shares of the company’s stock, valued at approximately $7,787,864. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan O. Cain sold 1,000 shares of Lithia Motors stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $105.64, for a total value of $105,640.00. Following the transaction, the director now directly owns 12,242 shares of the company’s stock, valued at approximately $1,293,244.88. The disclosure for this sale can be found here. Insiders have sold a total of 209,296 shares of company stock valued at $20,951,694 in the last ninety days. Insiders own 7.85% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Wednesday, August 9th. Lithia Motors’s dividend payout ratio (DPR) is currently 13.01%.
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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