Lithia Motors (NYSE:LAD) Trading Down 4.2%

Lithia Motors, Inc. (NYSE:LADGet Rating) shares were down 4.2% during trading on Friday . The stock traded as low as $225.44 and last traded at $225.44. Approximately 2,095 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 388,429 shares. The stock had previously closed at $235.34.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Morgan Stanley reduced their target price on Lithia Motors from $220.00 to $200.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 26th. Guggenheim cut their price target on Lithia Motors to $358.00 in a report on Thursday, October 13th. Wells Fargo & Company cut Lithia Motors from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $212.00 to $233.00 in a research note on Friday. Citigroup restated a “neutral” rating and set a $245.00 price target on shares of Lithia Motors in a research report on Tuesday, December 13th. Finally, Benchmark decreased their price target on Lithia Motors from $400.00 to $300.00 and set a “buy” rating for the company in a report on Friday, October 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Lithia Motors currently has a consensus rating of “Hold” and an average target price of $301.78.

Lithia Motors Stock Down 1.4 %

The company has a market cap of $6.34 billion, a price-to-earnings ratio of 5.20, a price-to-earnings-growth ratio of 5.75 and a beta of 1.39. The business’s 50 day simple moving average is $218.91 and its 200-day simple moving average is $236.97. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.49 and a current ratio of 1.66.

Lithia Motors (NYSE:LADGet Rating) last released its quarterly earnings data on Wednesday, October 19th. The company reported $11.08 earnings per share for the quarter, missing the consensus estimate of $11.91 by ($0.83). The company had revenue of $7.30 billion during the quarter, compared to the consensus estimate of $7.34 billion. Lithia Motors had a net margin of 4.70% and a return on equity of 28.20%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $11.21 earnings per share. Sell-side analysts expect that Lithia Motors, Inc. will post 45.55 earnings per share for the current year.

Lithia Motors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 18th. Stockholders of record on Friday, November 11th were paid a dividend of $0.42 per share. The ex-dividend date was Wednesday, November 9th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.72%. Lithia Motors’s dividend payout ratio is 3.76%.

Institutional Investors Weigh In On Lithia Motors

Several hedge funds have recently bought and sold shares of LAD. Red Spruce Capital LLC grew its stake in shares of Lithia Motors by 11.1% during the fourth quarter. Red Spruce Capital LLC now owns 8,575 shares of the company’s stock worth $1,756,000 after buying an additional 856 shares during the last quarter. Bridgefront Capital LLC bought a new stake in Lithia Motors in the third quarter valued at $256,000. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Lithia Motors during the third quarter worth about $1,028,000. FourThought Financial LLC grew its position in Lithia Motors by 14.8% in the 3rd quarter. FourThought Financial LLC now owns 1,096 shares of the company’s stock worth $235,000 after purchasing an additional 141 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in Lithia Motors by 14.0% in the 3rd quarter. Captrust Financial Advisors now owns 9,302 shares of the company’s stock worth $1,996,000 after purchasing an additional 1,140 shares in the last quarter. 98.21% of the stock is currently owned by institutional investors and hedge funds.

About Lithia Motors

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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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