Lithia Motors (LAD) Stock Rating Upgraded by ValuEngine

Lithia Motors (NYSE:LAD) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report issued on Tuesday.

A number of other equities analysts also recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Lithia Motors in a research note on Tuesday. They set an “overweight” rating and a $112.00 price objective for the company. Seaport Global Securities assumed coverage on shares of Lithia Motors in a research note on Wednesday, February 13th. They set a “buy” rating and a $110.00 price objective for the company. Zacks Investment Research downgraded shares of Lithia Motors from a “buy” rating to a “hold” rating in a research note on Wednesday, February 6th. TheStreet upgraded shares of Lithia Motors from a “c+” rating to a “b-” rating in a research note on Tuesday, January 29th. Finally, Morgan Stanley increased their price objective on shares of Lithia Motors from $107.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, November 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Lithia Motors currently has an average rating of “Buy” and a consensus target price of $106.29.

LAD stock opened at $90.43 on Tuesday. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 1.02 and a beta of 1.24. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.20 and a quick ratio of 0.25. Lithia Motors has a 1 year low of $67.90 and a 1 year high of $112.21.

Lithia Motors (NYSE:LAD) last released its earnings results on Wednesday, February 13th. The company reported $2.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.45 by $0.12. The firm had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Lithia Motors had a return on equity of 20.82% and a net margin of 2.25%. The company’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.15 EPS. As a group, sell-side analysts forecast that Lithia Motors will post 10.3 earnings per share for the current year.

In related news, Director Susan O. Cain sold 1,462 shares of the firm’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $87.15, for a total value of $127,413.30. Following the completion of the sale, the director now directly owns 10,849 shares in the company, valued at approximately $945,490.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.18% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Texas Permanent School Fund lifted its position in Lithia Motors by 1.0% during the fourth quarter. Texas Permanent School Fund now owns 14,743 shares of the company’s stock worth $1,125,000 after acquiring an additional 142 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Lithia Motors by 14.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,822 shares of the company’s stock worth $139,000 after acquiring an additional 230 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Lithia Motors by 16.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,221 shares of the company’s stock worth $170,000 after acquiring an additional 309 shares during the last quarter. Bank of Montreal Can lifted its position in Lithia Motors by 65.8% during the fourth quarter. Bank of Montreal Can now owns 1,096 shares of the company’s stock worth $84,000 after acquiring an additional 435 shares during the last quarter. Finally, Stone Ridge Asset Management LLC lifted its position in Lithia Motors by 17.5% during the fourth quarter. Stone Ridge Asset Management LLC now owns 3,034 shares of the company’s stock worth $232,000 after acquiring an additional 452 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.

Read More: Debt-To-Equity Ratio

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Analyst Recommendations for Lithia Motors (NYSE:LAD)

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