Lithia Motors, Inc. (NYSE:LAD) has earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $115.50.

LAD has been the subject of several recent research reports. Morgan Stanley restated an “overweight” rating and set a $116.00 price objective (up previously from $106.00) on shares of Lithia Motors in a report on Wednesday, August 2nd. Jefferies Group LLC restated a “buy” rating and set a $125.00 price objective on shares of Lithia Motors in a report on Thursday, August 3rd. Berenberg Bank initiated coverage on Lithia Motors in a report on Wednesday, October 4th. They set a “hold” rating and a $126.00 price objective for the company. Zacks Investment Research upgraded Lithia Motors from a “hold” rating to a “strong-buy” rating and set a $121.00 price objective for the company in a report on Wednesday, August 23rd. Finally, KeyCorp restated a “buy” rating and set a $130.00 price objective (up previously from $119.00) on shares of Lithia Motors in a report on Wednesday, October 4th.

In related news, Director Sidney B. Deboer sold 71,756 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $103.40, for a total transaction of $7,419,570.40. Following the completion of the sale, the director now owns 28,668 shares in the company, valued at $2,964,271.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Bryan B. Deboer sold 20,820 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $104.13, for a total value of $2,167,986.60. Following the sale, the chief executive officer now owns 101,004 shares of the company’s stock, valued at approximately $10,517,546.52. The disclosure for this sale can be found here. Insiders have sold 218,337 shares of company stock valued at $24,430,932 in the last quarter. 7.85% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Texas Permanent School Fund boosted its position in Lithia Motors by 0.3% in the second quarter. Texas Permanent School Fund now owns 17,359 shares of the company’s stock worth $1,636,000 after purchasing an additional 47 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in Lithia Motors by 0.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 13,096 shares of the company’s stock worth $1,234,000 after purchasing an additional 75 shares during the last quarter. D.A. Davidson & CO. boosted its position in Lithia Motors by 7.3% in the second quarter. D.A. Davidson & CO. now owns 1,104 shares of the company’s stock worth $104,000 after purchasing an additional 75 shares during the last quarter. Symphony Asset Management LLC boosted its position in Lithia Motors by 1.2% in the second quarter. Symphony Asset Management LLC now owns 6,692 shares of the company’s stock worth $631,000 after purchasing an additional 78 shares during the last quarter. Finally, Amalgamated Bank boosted its position in Lithia Motors by 2.9% in the second quarter. Amalgamated Bank now owns 3,228 shares of the company’s stock worth $304,000 after purchasing an additional 91 shares during the last quarter. 98.47% of the stock is currently owned by institutional investors and hedge funds.

Lithia Motors (NYSE:LAD) opened at 117.06 on Wednesday. Lithia Motors has a 52-week low of $75.85 and a 52-week high of $123.50. The firm’s 50-day moving average price is $115.30 and its 200-day moving average price is $100.48. The firm has a market cap of $2.93 billion, a P/E ratio of 14.11 and a beta of 1.71.

Lithia Motors (NYSE:LAD) last released its quarterly earnings data on Friday, July 28th. The company reported $2.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.23 by $0.05. The firm 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%. The company’s quarterly revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.96 earnings per share. Equities research analysts expect that Lithia Motors will post $8.61 EPS for the current year.

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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.

Analyst Recommendations for Lithia Motors (NYSE:LAD)

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