Analysts Issue Forecasts for Lithia Motors, Inc.’s Q3 2022 Earnings (NYSE:LAD)

Lithia Motors, Inc. (NYSE:LADGet Rating) – Zacks Research issued their Q3 2022 EPS estimates for shares of Lithia Motors in a research report issued on Monday, September 19th. Zacks Research analyst R. Singhi forecasts that the company will post earnings per share of $12.20 for the quarter. The consensus estimate for Lithia Motors’ current full-year earnings is $47.81 per share. Zacks Research also issued estimates for Lithia Motors’ Q4 2022 earnings at $11.27 EPS, FY2022 earnings at $47.61 EPS, Q1 2023 earnings at $10.35 EPS, Q2 2023 earnings at $11.95 EPS, Q3 2023 earnings at $11.73 EPS, Q4 2023 earnings at $11.01 EPS, FY2023 earnings at $45.04 EPS, Q1 2024 earnings at $10.55 EPS, Q2 2024 earnings at $10.77 EPS and FY2024 earnings at $42.05 EPS.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. decreased their price objective on shares of Lithia Motors from $380.00 to $325.00 in a report on Friday, July 15th. Bank of America cut their target price on shares of Lithia Motors from $565.00 to $470.00 and set a “buy” rating on the stock in a research report on Friday, September 9th. Wells Fargo & Company cut their target price on shares of Lithia Motors from $350.00 to $348.00 and set an “overweight” rating on the stock in a research report on Thursday, July 14th. Morgan Stanley cut their target price on shares of Lithia Motors from $260.00 to $220.00 and set an “underweight” rating on the stock in a research report on Thursday, July 14th. Finally, StockNews.com downgraded shares of Lithia Motors from a “buy” rating to a “hold” rating in a research report on Saturday, July 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $388.20.

Lithia Motors Trading Down 0.1 %

Shares of LAD opened at $226.26 on Thursday. Lithia Motors has a 1-year low of $223.94 and a 1-year high of $366.36. The company has a 50-day moving average of $262.44 and a 200 day moving average of $285.05. The firm has a market capitalization of $6.23 billion, a price-to-earnings ratio of 5.28, a PEG ratio of 0.95 and a beta of 1.36. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.59 and a quick ratio of 0.45.

Lithia Motors (NYSE:LADGet Rating) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $12.18 earnings per share for the quarter, missing analysts’ consensus estimates of $12.22 by ($0.04). Lithia Motors had a net margin of 4.82% and a return on equity of 29.61%. The company had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $7.22 billion. During the same quarter in the previous year, the business earned $11.12 EPS. The company’s quarterly revenue was up 20.5% compared to the same quarter last year.

Institutional Trading of Lithia Motors

Institutional investors and hedge funds have recently bought and sold shares of the business. Commerce Bank lifted its stake in Lithia Motors by 12.8% during the 1st quarter. Commerce Bank now owns 2,756 shares of the company’s stock valued at $827,000 after acquiring an additional 312 shares during the period. Mutual of America Capital Management LLC lifted its stake in Lithia Motors by 0.3% during the 1st quarter. Mutual of America Capital Management LLC now owns 29,703 shares of the company’s stock valued at $8,914,000 after acquiring an additional 88 shares during the period. US Bancorp DE lifted its stake in Lithia Motors by 19.7% during the 1st quarter. US Bancorp DE now owns 3,394 shares of the company’s stock valued at $1,019,000 after acquiring an additional 559 shares during the period. Swiss National Bank lifted its stake in Lithia Motors by 7.5% during the 1st quarter. Swiss National Bank now owns 71,600 shares of the company’s stock valued at $21,489,000 after acquiring an additional 5,000 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in Lithia Motors by 2.2% during the 1st quarter. Handelsbanken Fonder AB now owns 4,558 shares of the company’s stock valued at $1,368,000 after acquiring an additional 100 shares during the period. 97.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Lithia Motors

In other news, Director Sidney B. Deboer acquired 1,000 shares of the business’s stock in a transaction dated Friday, August 19th. The shares were purchased at an average price of $268.43 per share, with a total value of $268,430.00. Following the transaction, the director now directly owns 36,735 shares in the company, valued at $9,860,776.05. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Sidney B. Deboer bought 1,000 shares of the stock in a transaction that occurred on Friday, August 19th. The stock was bought at an average cost of $268.43 per share, for a total transaction of $268,430.00. Following the purchase, the director now directly owns 36,735 shares of the company’s stock, valued at $9,860,776.05. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Shauna Mcintyre sold 180 shares of Lithia Motors stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $241.34, for a total transaction of $43,441.20. Following the completion of the sale, the director now owns 1,839 shares of the company’s stock, valued at $443,824.26. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Lithia Motors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 12th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date was Thursday, August 11th. Lithia Motors’s payout ratio is currently 3.92%.

Lithia Motors Company Profile

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

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