Lithia Motors, Inc. (LAD) Receives Average Rating of “Hold” from Analysts
Shares of Lithia Motors, Inc. (NYSE:LAD) have been assigned a consensus rating of “Hold” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $106.20.
A number of equities research analysts have issued reports on LAD shares. Zacks Investment Research raised shares of Lithia Motors from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a report on Tuesday, April 25th. Jefferies Group LLC reissued a “buy” rating and set a $115.00 target price on shares of Lithia Motors in a report on Wednesday, June 28th. BidaskClub raised shares of Lithia Motors from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Seaport Global Securities started coverage on shares of Lithia Motors in a report on Wednesday, June 14th. They set a “neutral” rating on the stock. Finally, Morgan Stanley lowered their target price on shares of Lithia Motors from $115.00 to $106.00 and set an “overweight” rating on the stock in a report on Friday, June 9th.
Shares of Lithia Motors (LAD) opened at 98.25 on Monday. Lithia Motors has a 12 month low of $75.85 and a 12 month high of $105.32. The firm has a market cap of $2.46 billion, a P/E ratio of 12.00 and a beta of 1.73. The company’s 50-day moving average price is $91.42 and its 200-day moving average price is $94.08.
Lithia Motors (NYSE:LAD) last posted its quarterly earnings results on Wednesday, April 19th. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.22 billion. Lithia Motors had a net margin of 2.32% and a return on equity of 21.91%. Lithia Motors’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.55 EPS. On average, analysts predict that Lithia Motors will post $8.29 EPS for the current year.
In related news, Director Sidney B. Deboer sold 10,000 shares of the company’s stock in a transaction on Thursday, April 20th. The shares were sold at an average price of $95.38, for a total value of $953,800.00. Following the completion of the transaction, the director now directly owns 79,625 shares in the company, valued at $7,594,632.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan O. Cain sold 2,317 shares of the company’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $92.49, for a total transaction of $214,299.33. Following the completion of the transaction, the director now owns 12,242 shares of the company’s stock, valued at $1,132,262.58. The disclosure for this sale can be found here. Insiders sold 198,544 shares of company stock valued at $19,393,648 over the last quarter. 7.85% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Teachers Advisors LLC raised its position in Lithia Motors by 6.1% in the fourth quarter. Teachers Advisors LLC now owns 39,967 shares of the company’s stock worth $3,870,000 after buying an additional 2,285 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Lithia Motors by 4.3% in the first quarter. State of Alaska Department of Revenue now owns 2,640 shares of the company’s stock worth $226,000 after buying an additional 110 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Lithia Motors by 3.2% in the first quarter. Louisiana State Employees Retirement System now owns 9,700 shares of the company’s stock worth $831,000 after buying an additional 300 shares during the last quarter. Capstone Asset Management Co. raised its stake in shares of Lithia Motors by 0.8% in the first quarter. Capstone Asset Management Co. now owns 7,353 shares of the company’s stock worth $630,000 after buying an additional 55 shares during the last quarter. Finally, Suntrust Banks Inc. raised its stake in shares of Lithia Motors by 0.6% in the first quarter. Suntrust Banks Inc. now owns 35,342 shares of the company’s stock worth $3,025,000 after buying an additional 215 shares during the last quarter. Institutional investors own 98.98% of the company’s stock.
Lithia Motors Company Profile
Lithia Motors, Inc is an operator of automotive franchises and a retailer of new and used vehicles and related services. As of February 28, 2017, it offered 30 brands of new vehicles and all brands of used vehicles in 154 stores in the United States and online at Lithia.com, DCHauto.com and CarboneCars.com.
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