Lithia Motors (NYSE:LAD) had its price objective decreased by equities research analysts at Craig Hallum from $170.00 to $140.00 in a research note issued to investors on Thursday, The Fly reports. The firm currently has a “buy” rating on the stock. Craig Hallum’s target price points to a potential upside of 53.95% from the company’s current price.
A number of other equities analysts also recently commented on the company. Morgan Stanley decreased their price target on Lithia Motors from $159.00 to $149.00 and set an “overweight” rating for the company in a research note on Wednesday, March 11th. Bank of America cut their target price on shares of Lithia Motors from $140.00 to $136.00 and set an “underperform” rating on the stock in a report on Tuesday, March 3rd. Buckingham Research raised shares of Lithia Motors from a “neutral” rating to a “buy” rating and raised their target price for the stock from $144.00 to $155.00 in a report on Monday, February 24th. JPMorgan Chase & Co. cut their target price on shares of Lithia Motors from $165.00 to $130.00 and set an “overweight” rating on the stock in a report on Wednesday, March 11th. Finally, ValuEngine cut shares of Lithia Motors from a “sell” rating to a “strong sell” rating in a report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $143.89.
NYSE:LAD traded up $2.88 during mid-day trading on Thursday, hitting $90.94. The company had a trading volume of 27,535 shares, compared to its average volume of 357,516. The business has a fifty day simple moving average of $111.85 and a 200-day simple moving average of $136.90. The company has a current ratio of 1.20, a quick ratio of 0.25 and a debt-to-equity ratio of 1.14. Lithia Motors has a 1 year low of $55.74 and a 1 year high of $165.26. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 7.83, a PEG ratio of 1.98 and a beta of 1.15.
Lithia Motors (NYSE:LAD) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $2.95 EPS for the quarter, missing the Zacks’ consensus estimate of $2.97 by ($0.02). The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.22 billion. Lithia Motors had a return on equity of 20.56% and a net margin of 2.14%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $2.54 earnings per share. As a group, research analysts anticipate that Lithia Motors will post 10.28 earnings per share for the current year.
In other news, Director Shauna Mcintyre sold 255 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $119.15, for a total transaction of $30,383.25. Following the transaction, the director now directly owns 1,350 shares in the company, valued at approximately $160,852.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 3.95% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. FMR LLC lifted its stake in shares of Lithia Motors by 6,081.4% in the 1st quarter. FMR LLC now owns 205,098 shares of the company’s stock valued at $19,022,000 after purchasing an additional 201,780 shares during the last quarter. Colony Group LLC acquired a new stake in shares of Lithia Motors in the 3rd quarter valued at $2,228,000. Voya Investment Management LLC lifted its stake in shares of Lithia Motors by 40.7% in the 3rd quarter. Voya Investment Management LLC now owns 15,425 shares of the company’s stock valued at $2,042,000 after purchasing an additional 4,464 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of Lithia Motors by 4.8% in the 3rd quarter. Stifel Financial Corp now owns 4,276 shares of the company’s stock valued at $569,000 after purchasing an additional 195 shares during the last quarter. Finally, California State Teachers Retirement System lifted its stake in shares of Lithia Motors by 0.9% in the 3rd quarter. California State Teachers Retirement System now owns 35,798 shares of the company’s stock valued at $4,739,000 after purchasing an additional 327 shares during the last quarter. Institutional investors and hedge funds own 98.93% of the company’s stock.
About Lithia Motors
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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