Shares of Lithia Motors, Inc. (NYSE:LAD – Get Rating) have been given a consensus recommendation of “Buy” by the nine analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $410.71.
Several analysts have recently weighed in on LAD shares. Guggenheim boosted their target price on Lithia Motors from $542.00 to $578.00 and gave the company a “buy” rating in a report on Thursday, April 21st. Morgan Stanley dropped their price target on Lithia Motors from $300.00 to $260.00 and set an “underweight” rating on the stock in a research report on Friday, May 20th. StockNews.com upgraded Lithia Motors from a “hold” rating to a “buy” rating in a research report on Tuesday. Wells Fargo & Company dropped their price target on Lithia Motors from $362.00 to $350.00 and set an “overweight” rating on the stock in a research report on Thursday, April 21st. Finally, JPMorgan Chase & Co. dropped their price target on Lithia Motors from $425.00 to $380.00 and set an “overweight” rating on the stock in a research report on Thursday, April 7th.
In other news, Director Louis Miramontes sold 250 shares of the business’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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP George N. Hines sold 1,820 shares of the business’s stock in a transaction that occurred on Thursday, March 3rd. The stock was sold at an average price of $343.09, for a total value of $624,423.80. The disclosure for this sale can be found here. Insiders have sold a total of 7,070 shares of company stock worth $2,229,681 in the last quarter. 1.70% of the stock is currently owned by insiders.
Lithia Motors stock opened at $302.63 on Friday. Lithia Motors has a fifty-two week low of $272.20 and a fifty-two week high of $387.63. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 1.38. The company has a market capitalization of $8.76 billion, a P/E ratio of 7.21, a PEG ratio of 1.04 and a beta of 1.49. The stock has a 50-day simple moving average of $299.42 and a 200-day simple moving average of $302.41.
Lithia Motors (NYSE:LAD – Get Rating) last posted its earnings results on Wednesday, April 20th. The company reported $11.96 earnings per share for the quarter, beating the consensus estimate of $9.63 by $2.33. Lithia Motors had a return on equity of 29.65% and a net margin of 4.95%. The business had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same period in the previous year, the business earned $5.89 EPS. The business’s quarterly revenue was up 54.4% on a year-over-year basis. As a group, analysts forecast that Lithia Motors will post 43.91 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Friday, May 13th will be given a dividend of $0.42 per share. This is a boost from Lithia Motors’s previous quarterly dividend of $0.35. The ex-dividend date is Thursday, May 12th. This represents a $1.68 annualized dividend and a yield of 0.56%. Lithia Motors’s payout ratio is presently 4.00%.
Lithia Motors Company Profile (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.
- Get a free copy of the StockNews.com research report on Lithia Motors (LAD)
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