Lithia Motors Inc (NYSE:LAD) has been given a consensus recommendation of “Hold” by the twelve ratings firms that are covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $127.67.
Several research analysts have recently weighed in on LAD shares. Zacks Investment Research upgraded Lithia Motors from a “sell” rating to a “hold” rating in a research note on Tuesday, December 26th. Bank of America upgraded Lithia Motors from an “underperform” rating to a “neutral” rating and set a $128.00 price target for the company in a research note on Monday, January 8th. Buckingham Research decreased their price target on Lithia Motors from $137.00 to $131.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. Stephens restated a “buy” rating on shares of Lithia Motors in a research note on Thursday, February 15th. Finally, Morgan Stanley boosted their price target on Lithia Motors from $116.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 14th.
In related news, Director Kenneth E. Roberts sold 5,000 shares of Lithia Motors stock in a transaction on Friday, January 26th. The stock was sold at an average price of $126.00, for a total value of $630,000.00. Following the completion of the sale, the director now owns 105,064 shares of the company’s stock, valued at $13,238,064. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.95% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in shares of Lithia Motors by 1.6% in the fourth quarter. BlackRock Inc. now owns 2,956,067 shares of the company’s stock worth $335,780,000 after acquiring an additional 45,784 shares during the period. Park West Asset Management LLC grew its holdings in shares of Lithia Motors by 1.6% in the fourth quarter. Park West Asset Management LLC now owns 782,165 shares of the company’s stock worth $88,846,000 after acquiring an additional 12,034 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Lithia Motors by 15.1% in the fourth 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 period. Boston Partners grew its holdings in shares of Lithia Motors by 7.5% in the fourth 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 period. Finally, Cardinal Capital Management LLC CT grew its holdings in shares of Lithia Motors by 9.8% in the fourth quarter. Cardinal Capital Management LLC CT now owns 541,648 shares of the company’s stock worth $61,526,000 after acquiring an additional 48,186 shares during the period.
Shares of NYSE:LAD opened at $102.76 on Wednesday. The firm has a market cap of $2,562.30, a price-to-earnings ratio of 12.25, a P/E/G ratio of 0.48 and a beta of 1.72. Lithia Motors has a 12-month low of $82.73 and a 12-month high of $127.99. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.21 and a quick ratio of 0.28.
Lithia Motors (NYSE:LAD) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $2.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.09 by $0.06. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Lithia Motors had a return on equity of 20.81% and a net margin of 2.43%. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.86 earnings per share. research analysts anticipate that Lithia Motors will post 10.6 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Friday, March 9th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Thursday, March 8th. Lithia Motors’s dividend payout ratio is currently 12.87%.
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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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