Other analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Green Brick Partners from a sell rating to a hold rating in a research report on Wednesday, April 10th. Longbow Research reiterated a hold rating on shares of Cooper Tire & Rubber in a research report on Sunday, July 7th. Buckingham Research lowered shares of Lithia Motors from a buy rating to a neutral rating and lifted their target price for the company from $120.00 to $125.00 in a research report on Monday, July 8th. They noted that the move was a valuation call. Stephens reiterated a hold rating on shares of Carolina Financial in a research report on Thursday, April 25th. Finally, Craig Hallum reiterated a buy rating and set a $125.00 target price (up from $103.00) on shares of Lithia Motors in a research report on Thursday, April 25th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $120.56.
Shares of Lithia Motors stock opened at $119.25 on Thursday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.23 and a current ratio of 1.17. The company’s 50-day simple moving average is $118.27. Lithia Motors has a twelve month low of $67.90 and a twelve month high of $124.23. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 11.51, a P/E/G ratio of 1.53 and a beta of 1.12.
Lithia Motors (NYSE:LAD) last issued its earnings results on Wednesday, April 24th. The company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.29. Lithia Motors had a net margin of 2.25% and a return on equity of 20.68%. The business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.86 billion. During the same period in the previous year, the business earned $2.07 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. Sell-side analysts predict that Lithia Motors will post 11.02 earnings per share for the current year.
In other Lithia Motors news, Director Sidney B. Deboer sold 15,433 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $114.00, for a total value of $1,759,362.00. Following the transaction, the director now directly owns 11,144 shares in the company, valued at $1,270,416. The transaction was disclosed in a document filed with the SEC, which is available through this link. 5.21% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its position in Lithia Motors by 1.0% in the fourth quarter. BlackRock Inc. now owns 3,441,382 shares of the company’s stock valued at $262,683,000 after buying an additional 33,078 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Lithia Motors by 17.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,323,683 shares of the company’s stock valued at $101,036,000 after buying an additional 200,381 shares in the last quarter. Boston Partners boosted its position in Lithia Motors by 3.0% in the first quarter. Boston Partners now owns 830,398 shares of the company’s stock valued at $77,019,000 after buying an additional 23,908 shares in the last quarter. Lakewood Capital Management LP boosted its position in Lithia Motors by 67.5% in the fourth quarter. Lakewood Capital Management LP now owns 769,169 shares of the company’s stock valued at $58,711,000 after buying an additional 310,000 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Lithia Motors by 10.1% in the first quarter. JPMorgan Chase & Co. now owns 498,191 shares of the company’s stock worth $46,207,000 after acquiring an additional 45,589 shares during the last quarter.
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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