Lithia Motors, Inc. (NYSE:LAD) – Stock analysts at KeyCorp upped their Q3 2017 EPS estimates for Lithia Motors in a research report issued to clients and investors on Wednesday. KeyCorp analyst B. Hoselton now anticipates that the company will earn $2.38 per share for the quarter, up from their previous forecast of $2.30.

Lithia Motors (NYSE:LAD) last posted its quarterly earnings results on Friday, July 28th. The company reported $2.28 EPS for the quarter, beating the Zacks’ consensus estimate of $2.23 by $0.05. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.45 billion. Lithia Motors had a return on equity of 21.66% and a net margin of 2.26%. Lithia Motors’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.96 earnings per share.

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Other equities analysts have also issued reports about the company. Seaport Global Securities began coverage on Lithia Motors in a research report on Wednesday, June 14th. They set a “neutral” rating on the stock. BidaskClub upgraded Lithia Motors from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Bank of America Corporation lowered Lithia Motors from a “neutral” rating to an “underperform” rating and set a $92.00 price objective on the stock. in a research report on Friday, June 16th. Jefferies Group LLC reiterated a “buy” rating and issued a $125.00 price objective on shares of Lithia Motors in a research report on Thursday, August 3rd. Finally, Zacks Investment Research lowered Lithia Motors from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $109.17.

Lithia Motors (NYSE:LAD) opened at 103.79 on Monday. Lithia Motors has a 1-year low of $75.85 and a 1-year high of $109.42. The firm has a market cap of $2.60 billion, a P/E ratio of 12.51 and a beta of 1.73. The company has a 50-day moving average price of $97.87 and a 200-day moving average price of $94.06.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Lithia Motors by 152,203.5% in the first quarter. BlackRock Inc. now owns 2,901,382 shares of the company’s stock worth $248,504,000 after buying an additional 2,899,477 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Lithia Motors by 2.8% in the second quarter. Vanguard Group Inc. now owns 2,097,189 shares of the company’s stock worth $197,618,000 after buying an additional 56,888 shares during the last quarter. Neuberger Berman Group LLC boosted its position in shares of Lithia Motors by 10.4% in the first quarter. Neuberger Berman Group LLC now owns 1,466,628 shares of the company’s stock worth $125,617,000 after buying an additional 138,376 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of Lithia Motors by 1.0% in the second quarter. Alliancebernstein L.P. now owns 1,187,168 shares of the company’s stock worth $111,867,000 after buying an additional 11,661 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Lithia Motors by 139.5% in the second quarter. Victory Capital Management Inc. now owns 955,783 shares of the company’s stock worth $90,063,000 after buying an additional 556,684 shares during the last quarter. Institutional investors and hedge funds own 97.34% of the company’s stock.

In other news, Director Susan O. Cain sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $105.64, for a total value of $105,640.00. Following the completion of the transaction, the director now owns 12,242 shares in the company, valued at approximately $1,293,244.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Sidney B. Deboer sold 71,756 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $103.40, for a total value of $7,419,570.40. Following the completion of the transaction, the director now owns 28,668 shares of the company’s stock, valued at approximately $2,964,271.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 209,296 shares of company stock valued at $20,951,694. 7.85% of the stock is currently owned by company insiders.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Wednesday, August 9th. Lithia Motors’s payout ratio is presently 13.01%.

About Lithia Motors

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.

Earnings History and Estimates for Lithia Motors (NYSE:LAD)

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