Lithia Motors (LAD) Issues FY18 Earnings Guidance

Lithia Motors (NYSE:LAD) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of $10.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $9.85. The company issued revenue guidance of $11.0-11.5 billion, compared to the consensus revenue estimate of $11.16 billion.

Lithia Motors (NYSE:LAD) opened at $118.05 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 0.26 and a debt-to-equity ratio of 0.96. The stock has a market cap of $2,942.55, a PE ratio of 14.34, a price-to-earnings-growth ratio of 0.61 and a beta of 1.66. Lithia Motors has a 52-week low of $80.88 and a 52-week high of $127.99.

Lithia Motors (NYSE:LAD) last announced its earnings results on Wednesday, February 14th. The company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.09 by $0.06. The company had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Lithia Motors had a net margin of 2.14% and a return on equity of 21.02%. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.86 earnings per share. equities analysts expect that Lithia Motors will post 8.34 EPS for the current year.

LAD has been the subject of a number of research reports. KeyCorp restated 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 raised shares of Lithia Motors from a sell rating to a hold rating in a research report on Tuesday, December 26th. Finally, Bank of America raised shares of Lithia Motors from an underperform rating to a neutral rating and set a $128.00 price objective for the company in a research report on Monday, January 8th. Four 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 stock. Lithia Motors presently has an average rating of Buy and an average target price of $127.33.

In other news, Director Kenneth E. Roberts sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $124.00, for a total value of $620,000.00. Following the completion of the transaction, the director now owns 110,064 shares of the company’s stock, valued at $13,647,936. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Sidney B. Deboer sold 3,051 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $113.25, for a total transaction of $345,525.75. Following the completion of the transaction, the director now directly owns 433 shares of the company’s stock, valued at approximately $49,037.25. The disclosure for this sale can be found here. In the last three months, insiders sold 15,718 shares of company stock valued at $1,905,932. Company insiders own 7.85% of the company’s stock.

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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.

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