Lithia Motors (NYSE:LAD) Downgraded by StockNews.com to Sell

Lithia Motors (NYSE:LADGet Free Report) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

Other equities analysts have also issued research reports about the stock. Bank of America dropped their price target on shares of Lithia Motors from $440.00 to $380.00 and set a “buy” rating for the company in a research report on Thursday, February 29th. The Goldman Sachs Group boosted their price objective on shares of Lithia Motors from $300.00 to $334.00 and gave the stock a “neutral” rating in a research note on Thursday, February 15th. Stephens reiterated an “overweight” rating and set a $375.00 price objective on shares of Lithia Motors in a research note on Wednesday, February 14th. Wells Fargo & Company boosted their price objective on shares of Lithia Motors from $298.00 to $315.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 15th. Finally, Morgan Stanley boosted their price objective on shares of Lithia Motors from $220.00 to $230.00 and gave the stock an “underweight” rating in a research note on Thursday, February 29th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $336.40.

Get Our Latest Report on LAD

Lithia Motors Stock Performance

NYSE:LAD opened at $297.18 on Tuesday. The firm has a 50 day simple moving average of $294.19 and a 200-day simple moving average of $286.39. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.41 and a quick ratio of 0.45. The firm has a market cap of $8.18 billion, a PE ratio of 8.19, a P/E/G ratio of 2.62 and a beta of 1.59. Lithia Motors has a 1-year low of $205.97 and a 1-year high of $331.96.

Lithia Motors (NYSE:LADGet Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $8.24 earnings per share for the quarter, beating analysts’ consensus estimates of $8.11 by $0.13. Lithia Motors had a net margin of 3.22% and a return on equity of 17.33%. The business had revenue of $7.67 billion during the quarter, compared to analyst estimates of $7.95 billion. During the same quarter in the previous year, the business posted $9.05 earnings per share. The company’s revenue was up 10.5% on a year-over-year basis. On average, equities analysts expect that Lithia Motors will post 35.27 EPS for the current year.

Insider Buying and Selling at Lithia Motors

In other Lithia Motors news, Director Shauna Mcintyre sold 135 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $297.84, for a total transaction of $40,208.40. Following the transaction, the director now directly owns 1,662 shares in the company, valued at approximately $495,010.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.79% of the stock is currently owned by insiders.

Institutional Trading of Lithia Motors

A number of institutional investors and hedge funds have recently modified their holdings of LAD. Norges Bank acquired a new stake in shares of Lithia Motors in the 4th quarter worth about $123,976,000. Cadian Capital Management LP acquired a new position in Lithia Motors during the 4th quarter valued at about $105,370,000. Morgan Stanley increased its stake in Lithia Motors by 114.1% during the 4th quarter. Morgan Stanley now owns 463,753 shares of the company’s stock valued at $94,949,000 after buying an additional 247,174 shares during the period. MFN Partners Management LP increased its stake in Lithia Motors by 43.0% during the 1st quarter. MFN Partners Management LP now owns 751,077 shares of the company’s stock valued at $225,413,000 after buying an additional 225,806 shares during the period. Finally, Eaton Vance Management increased its stake in Lithia Motors by 37,874.1% during 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 during the period.

About Lithia Motors

(Get Free Report)

Lithia Motors, Inc operates as an automotive retailer worldwide. It operates in two segments, Vehicle Operations and Financing Operations. The company's Vehicle Operations segment sells new and used vehicles; provides parts, repair, and maintenance services; vehicle finance; and insurance products.

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Analyst Recommendations for Lithia Motors (NYSE:LAD)

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