Lithia Motors Inc. (LAD) Releases Q4 Earnings Guidance
Lithia Motors Inc. (NYSE:LAD) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.88-0.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.90, Stock Ratings News reports.
Several analysts have recently commented on the stock. Analysts at Stifel Nicolaus reiterated a buy rating on shares of Lithia Motors in a research note to investors on Wednesday, September 25th. They now have a $83.00 price target on the stock, up previously from $65.00. On a related note, analysts at CL King initiated coverage on shares of Lithia Motors in a research note to investors on Thursday, September 5th. They set a buy rating on the stock. Finally, analysts at Merrill Lynch downgraded shares of Lithia Motors from a buy rating to a neutral rating in a research note to investors on Monday, August 12th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $69.61.
Shares of Lithia Motors Inc. (NYSE:LAD) opened at 64.20 on Wednesday. Lithia Motors Inc. has a one year low of $31.05 and a one year high of $71.39. The stock’s 50-day moving average is $66.89 and its 200-day moving average is $54.51. The company has a market cap of $1.659 billion and a price-to-earnings ratio of 19.63.
Lithia Motors (NYSE:LAD) last announced its earnings results on Wednesday, October 23rd. The company reported $1.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.10 by $0.03. The company had revenue of $190.80 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the company posted $0.90 earnings per share. Lithia Motors’s revenue was up 21.7% compared to the same quarter last year. Analysts expect that Lithia Motors Inc. will post $3.89 EPS for the current fiscal year.
Lithia Motors, Inc, is an operator of automotive franchises and a retailer of new and used vehicles and services.
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