Lithia Motors (LAD) Posts Quarterly Earnings, Beats Estimates By $0.03 EPS
Lithia Motors (NYSE:LAD) issued its quarterly earnings data on Wednesday. The company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.03, AnalystRatings.Net reports. The company had revenue of $190.80 billion for the quarter, compared to the consensus estimate of $1.05 billion.
LAD has been the subject of a number of recent research reports. 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 the ratings front, 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 investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $69.61.
Lithia Motors (NYSE:LAD) opened at 69.00 on Wednesday. Lithia Motors has a 52-week low of $31.05 and a 52-week 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 $1.783 billion and a price-to-earnings ratio of 19.63.
Lithia Motors, Inc, is an operator of automotive franchises and a retailer of new and used vehicles and services.
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