Several other analysts have also recently weighed in on LAD. Morgan Stanley restated an overweight rating and set a $116.00 price objective (up previously from $106.00) on shares of Lithia Motors in a research report on Wednesday, August 2nd. Jefferies Group LLC restated a buy rating and set a $125.00 price objective on shares of Lithia Motors in a research report on Thursday, August 3rd. Berenberg Bank initiated coverage on shares of Lithia Motors in a research report on Wednesday, October 4th. They set a hold rating and a $126.00 price objective on the stock. Finally, Zacks Investment Research upgraded shares of Lithia Motors from a hold rating to a strong-buy rating and set a $121.00 price objective on the stock in a research report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $116.29.
Lithia Motors (LAD) traded down $0.88 during midday trading on Monday, reaching $113.03. 122,400 shares of the company’s stock traded hands, compared to its average volume of 273,486. Lithia Motors has a fifty-two week low of $80.88 and a fifty-two week high of $123.50. 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 $2,810.00, a PE ratio of 14.06, a PEG ratio of 0.97 and a beta of 1.72.
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 analysts’ expectations of $2.62 billion. During the same quarter in the prior year, the company earned $2.06 earnings per share. The business’s revenue for the quarter was up 18.7% compared to the same quarter last year. analysts forecast that Lithia Motors will post 8.33 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Friday, November 10th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Thursday, November 9th. Lithia Motors’s dividend payout ratio (DPR) is currently 13.12%.
In related news, Director Sidney B. Deboer sold 65,711 shares of Lithia Motors stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $121.77, for a total value of $8,001,628.47. Following the transaction, the director now owns 1,421 shares in the company, valued at approximately $173,035.17. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas R. Becker sold 1,031 shares of Lithia Motors stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $107.10, for a total transaction of $110,420.10. Following the completion of the transaction, the director now owns 65,704 shares in the company, valued at approximately $7,036,898.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 145,581 shares of company stock worth $16,905,722. Corporate insiders own 7.85% of the company’s stock.
Large investors have recently modified their holdings of the stock. D.A. Davidson & CO. raised its position in Lithia Motors by 7.3% in the 2nd quarter. D.A. Davidson & CO. now owns 1,104 shares of the company’s stock worth $104,000 after purchasing an additional 75 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Lithia Motors by 9.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,198 shares of the company’s stock worth $113,000 after purchasing an additional 105 shares during the period. Public Employees Retirement System of Ohio raised its position in Lithia Motors by 10.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 1,602 shares of the company’s stock worth $137,000 after purchasing an additional 146 shares during the period. Canada Pension Plan Investment Board purchased a new position in Lithia Motors in the 3rd quarter worth $144,000. Finally, Brighton Jones LLC purchased a new position in Lithia Motors in the 2nd quarter worth $201,000. Institutional investors own 98.47% of the company’s stock.
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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