Lithia Motors, Inc. (NYSE:LAD) Receives Consensus Recommendation of “Buy” from Analysts

Lithia Motors, Inc. (NYSE:LADGet Rating) has been given an average recommendation of “Buy” by the eight analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $425.83.

A number of equities research analysts have commented on LAD shares. Guggenheim upped their price target on Lithia Motors from $542.00 to $578.00 and gave the company a “buy” rating in a research report on Thursday, April 21st. Wells Fargo & Company cut their price target on Lithia Motors from $362.00 to $350.00 and set an “overweight” rating on the stock in a report on Thursday, April 21st. JPMorgan Chase & Co. lowered their price objective on shares of Lithia Motors from $425.00 to $380.00 and set an “overweight” rating for the company in a research note on Thursday, April 7th. Morgan Stanley reduced their price target on shares of Lithia Motors from $300.00 to $260.00 and set an “underweight” rating for the company in a report on Friday, May 20th. Finally, StockNews.com upgraded shares of Lithia Motors from a “hold” rating to a “buy” rating in a report on Saturday.

Shares of Lithia Motors stock opened at $270.11 on Tuesday. The firm has a market capitalization of $7.82 billion, a PE ratio of 6.43, a price-to-earnings-growth ratio of 0.92 and a beta of 1.48. The company has a current ratio of 1.38, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69. The firm’s 50 day moving average is $292.11 and its 200 day moving average is $301.38. Lithia Motors has a 1 year low of $252.56 and a 1 year high of $387.63.

Lithia Motors (NYSE:LADGet Rating) last issued its quarterly earnings data on Wednesday, April 20th. The company reported $11.96 earnings per share for the quarter, topping analysts’ consensus estimates of $9.63 by $2.33. Lithia Motors had a return on equity of 29.65% and a net margin of 4.95%. The business had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.34 billion. During the same quarter in the previous year, the company posted $5.89 EPS. Lithia Motors’s quarterly revenue was up 54.4% compared to the same quarter last year. As a group, research analysts anticipate that Lithia Motors will post 46.96 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 27th. Stockholders of record on Friday, May 13th were paid a $0.42 dividend. This is a positive change from Lithia Motors’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Thursday, May 12th. This represents a $1.68 annualized dividend and a dividend yield of 0.62%. Lithia Motors’s dividend payout ratio is presently 4.00%.

In related news, Director Sidney B. Deboer sold 998 shares of the company’s stock in a transaction that occurred on Monday, June 6th. The stock was sold at an average price of $310.01, for a total value of $309,389.98. Following the transaction, the director now owns 50,779 shares in the company, valued at $15,741,997.79. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sidney B. Deboer sold 5,000 shares of the business’s stock in a transaction on Wednesday, June 8th. The shares were sold at an average price of $312.09, for a total value of $1,560,450.00. Following the completion of the sale, the director now owns 45,779 shares in the company, valued at $14,287,168.11. The disclosure for this sale can be found here. Insiders have sold 10,998 shares of company stock worth $3,394,840 over the last three months. 1.70% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of LAD. FMR LLC raised its position in shares of Lithia Motors by 6,081.4% in the first quarter. FMR LLC now owns 205,098 shares of the company’s stock worth $19,022,000 after buying an additional 201,780 shares in the last quarter. HighTower Advisors LLC lifted its stake in Lithia Motors by 33.0% during the third quarter. HighTower Advisors LLC now owns 867 shares of the company’s stock worth $276,000 after purchasing an additional 215 shares during the last quarter. Dark Forest Capital Management LP bought a new position in shares of Lithia Motors during the 3rd quarter valued at about $89,000. Morgan Stanley raised its stake in shares of Lithia Motors by 66.3% during the third quarter. Morgan Stanley now owns 82,982 shares of the company’s stock worth $26,309,000 after acquiring an additional 33,071 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in Lithia Motors in the 3rd quarter worth $2,486,000. 92.83% of the stock is owned by hedge funds and other institutional investors.

Lithia Motors Company Profile (Get Rating)

Lithia Motors, Inc operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Luxury. It offers new and used vehicles; vehicle financing services; warranties, insurance contracts, and vehicle and theft protection services; and automotive repair and maintenance services, as well as sells vehicle body and parts under the Driveway and GreenCars brand names.

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