Lithia Motors, Inc. (NYSE:LAD) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Lithia Motors, Inc. (NYSE:LADGet Rating) have been given a consensus rating of “Buy” by the nine research firms that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $416.43.

A number of research firms recently issued reports on LAD. StockNews.com began coverage on Lithia Motors in a research note on Thursday, March 31st. They set a “hold” rating for the company. Guggenheim increased their target price on Lithia Motors from $542.00 to $578.00 and gave the stock a “buy” rating in a research note on Thursday, April 21st. Morgan Stanley lowered their target price on Lithia Motors from $303.00 to $300.00 and set an “underweight” rating for the company in a research note on Tuesday, March 8th. JPMorgan Chase & Co. lowered their target price on Lithia Motors from $425.00 to $380.00 and set an “overweight” rating for the company in a research note on Thursday, April 7th. Finally, Zacks Investment Research cut Lithia Motors from a “buy” rating to a “hold” rating and set a $320.00 target price for the company. in a research note on Tuesday, April 12th.

In other news, SVP Tina Miller sold 900 shares of the firm’s stock in a transaction that occurred on Thursday, February 10th. The shares were sold at an average price of $315.00, for a total transaction of $283,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Louis Miramontes sold 250 shares of the firm’s stock in a transaction that occurred on Tuesday, March 15th. The stock was sold at an average price of $321.03, for a total transaction of $80,257.50. The disclosure for this sale can be found here. Insiders have sold a total of 21,162 shares of company stock valued at $6,713,805 over the last ninety days. Company insiders own 1.70% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its stake in shares of Lithia Motors by 1.1% in the third quarter. Goldman Sachs Group Inc. now owns 113,684 shares of the company’s stock valued at $36,043,000 after buying an additional 1,258 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Lithia Motors in the fourth quarter valued at $252,000. Gyon Technologies Capital Management LP bought a new position in shares of Lithia Motors in the third quarter valued at $1,319,000. CI Investments Inc. grew its stake in shares of Lithia Motors by 2.8% in the third quarter. CI Investments Inc. now owns 21,043 shares of the company’s stock valued at $6,671,000 after buying an additional 578 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its stake in shares of Lithia Motors by 27.3% in the third quarter. Teacher Retirement System of Texas now owns 4,853 shares of the company’s stock valued at $1,539,000 after buying an additional 1,041 shares in the last quarter. 91.49% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:LAD opened at $283.13 on Monday. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 6.74, a P/E/G ratio of 1.52 and a beta of 1.54. The firm’s 50 day simple moving average is $313.25 and its 200 day simple moving average is $307.25. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.38 and a quick ratio of 0.42. Lithia Motors has a fifty-two week low of $274.03 and a fifty-two week high of $395.64.

Lithia Motors (NYSE:LADGet Rating) last announced its quarterly earnings results on Wednesday, April 20th. The company reported $11.96 earnings per share for the quarter, beating analysts’ consensus estimates of $10.09 by $1.87. The business had revenue of $6.71 billion for the quarter, compared to the consensus estimate of $6.34 billion. Lithia Motors had a net margin of 4.95% and a return on equity of 29.60%. Lithia Motors’s revenue for the quarter was up 54.4% on a year-over-year basis. During the same period last year, the company posted $5.89 EPS. Equities research analysts expect that Lithia Motors will post 43.15 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 27th. Stockholders of record on Friday, May 13th will be paid a dividend of $0.42 per share. This is a boost from Lithia Motors’s previous quarterly dividend of $0.35. This represents a $1.68 annualized dividend and a dividend yield of 0.59%. The ex-dividend date is Thursday, May 12th. Lithia Motors’s dividend payout ratio (DPR) is currently 3.33%.

About Lithia Motors (Get Rating)

Lithia Motors, Inc operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Luxury. It offers new and used vehicles; vehicle financing services; warranties, insurance contracts, and vehicle and theft protection services; and automotive repair and maintenance services, as well as sells vehicle body and parts under the Driveway and GreenCars brand names.

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Analyst Recommendations for Lithia Motors (NYSE:LAD)

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