Lithia Motors (LAD) to Release Quarterly Earnings on Thursday

Lithia Motors (NYSE:LAD) is set to issue its quarterly earnings data before the market opens on Thursday, February 15th. Analysts expect the company to announce earnings of $2.09 per share for the quarter.

Lithia Motors (NYSE:LAD) opened at $116.60 on Thursday. Lithia Motors has a 12-month low of $80.88 and a 12-month high of $127.99. The firm has a market capitalization of $2,910.00, a PE ratio of 14.17, a P/E/G ratio of 0.59 and a beta of 1.66. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.26 and a current ratio of 1.21.

LAD has been the topic of several recent analyst reports. KeyCorp reiterated a “buy” rating and set a $130.00 target price on shares of Lithia Motors in a research report on Monday, November 13th. Zacks Investment Research upgraded Lithia Motors from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Finally, Bank of America upgraded Lithia Motors from an “underperform” rating to a “neutral” rating and set a $128.00 target price on the stock in a research report on Monday, January 8th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $127.33.

In other Lithia Motors news, Director Kenneth E. Roberts sold 5,000 shares of the company’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $126.00, for a total transaction of $630,000.00. Following the completion of the sale, the director now directly owns 105,064 shares in the company, valued at $13,238,064. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sidney B. Deboer sold 3,051 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $113.25, for a total value of $345,525.75. Following the sale, the director now owns 433 shares of the company’s stock, valued at $49,037.25. The disclosure for this sale can be found here. Insiders have sold 15,718 shares of company stock worth $1,905,932 over the last quarter. 7.85% of the stock is currently owned by company insiders.

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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 for Lithia Motors (NYSE:LAD)

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