Lithia Motors (NYSE:LAD) Upgraded at StockNews.com

Lithia Motors (NYSE:LADGet Rating) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other analysts have also weighed in on LAD. Guggenheim raised their price objective on shares of Lithia Motors from $542.00 to $578.00 and gave the company a “buy” rating in a research note on Thursday, April 21st. Wells Fargo & Company reduced their price target on shares of Lithia Motors from $362.00 to $350.00 and set an “overweight” rating for the company in a research note on Thursday, April 21st. Morgan Stanley reduced their price target on shares of Lithia Motors from $300.00 to $260.00 and set an “underweight” rating for the company in a research note on Friday, May 20th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Lithia Motors from $425.00 to $380.00 and set an “overweight” rating for the company in a research note on Thursday, April 7th. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $425.83.

NYSE:LAD opened at $270.11 on Friday. The firm has a market cap of $7.82 billion, a P/E ratio of 6.43, a P/E/G ratio of 0.97 and a beta of 1.48. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.42 and a current ratio of 1.38. Lithia Motors has a fifty-two week low of $252.56 and a fifty-two week high of $387.63. The firm has a 50-day simple moving average of $292.80 and a two-hundred day simple moving average of $301.31.

Lithia Motors (NYSE:LADGet Rating) last released its quarterly earnings data on Wednesday, April 20th. The company reported $11.96 earnings per share for the quarter, beating analysts’ consensus estimates of $9.63 by $2.33. The business had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.34 billion. Lithia Motors had a net margin of 4.95% and a return on equity of 29.65%. Lithia Motors’s revenue was up 54.4% compared to the same quarter last year. During the same period last year, the business earned $5.89 EPS. On average, equities research analysts predict that Lithia Motors will post 46.96 EPS for the current year.

In other Lithia Motors news, Director Sidney B. Deboer sold 5,000 shares of Lithia Motors stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $312.09, for a total transaction of $1,560,450.00. Following the transaction, the director now owns 45,779 shares of the company’s stock, valued at $14,287,168.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sidney B. Deboer sold 998 shares of Lithia Motors stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $310.01, for a total transaction of $309,389.98. Following the transaction, the director now directly owns 50,779 shares in the company, valued at approximately $15,741,997.79. The disclosure for this sale can be found here. In the last three months, insiders sold 10,998 shares of company stock worth $3,394,840. 1.70% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the business. Baird Financial Group Inc. lifted its holdings in Lithia Motors by 3.0% during the fourth quarter. Baird Financial Group Inc. now owns 1,096 shares of the company’s stock valued at $325,000 after purchasing an additional 32 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in Lithia Motors by 41.3% during the fourth quarter. Penserra Capital Management LLC now owns 130 shares of the company’s stock valued at $38,000 after purchasing an additional 38 shares in the last quarter. First Citizens Bank & Trust Co. lifted its holdings in shares of Lithia Motors by 3.8% in the fourth quarter. First Citizens Bank & Trust Co. now owns 1,076 shares of the company’s stock worth $320,000 after buying an additional 39 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Lithia Motors by 3.3% in the fourth quarter. CIBC Asset Management Inc now owns 1,277 shares of the company’s stock worth $379,000 after buying an additional 41 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in shares of Lithia Motors by 0.5% in the first quarter. Arizona State Retirement System now owns 8,185 shares of the company’s stock worth $2,456,000 after buying an additional 43 shares in the last quarter. 92.83% of the stock is currently owned by institutional investors and hedge funds.

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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