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

Shares of Lithia Motors, Inc. (NYSE:LADGet 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.

Several large investors have recently made changes to their positions in the company. Weiss Multi Strategy Advisers LLC boosted its stake in shares of Lithia Motors by 85.0% during the 1st quarter. Weiss Multi Strategy Advisers LLC now owns 46,478 shares of the company’s stock worth $13,949,000 after acquiring an additional 21,352 shares in the last quarter. Avalon Investment & Advisory lifted its stake in Lithia Motors by 12.9% in the 1st quarter. Avalon Investment & Advisory now owns 7,909 shares of the company’s stock valued at $2,374,000 after buying an additional 901 shares in the last quarter. MidWestOne Financial Group Inc. purchased a new stake in Lithia Motors in the 1st quarter valued at approximately $684,000. Delphia USA Inc. lifted its stake in Lithia Motors by 41.2% in the 1st quarter. Delphia USA Inc. now owns 1,248 shares of the company’s stock valued at $375,000 after buying an additional 364 shares in the last quarter. Finally, Eaton Vance Management lifted its stake in Lithia Motors by 37,874.1% in the 1st quarter. Eaton Vance Management now owns 171,263 shares of the company’s stock valued at $51,400,000 after buying an additional 170,812 shares in the last quarter. 92.83% of the stock is currently owned by institutional investors and hedge funds.

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:LADGet 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.

Featured Articles

Analyst Recommendations for Lithia Motors (NYSE:LAD)

Receive News & Ratings for Lithia Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lithia Motors and related companies with MarketBeat.com's FREE daily email newsletter.