Lithia Motors (NYSE:LAD – Get Rating) is scheduled to release its earnings data before the market opens on Wednesday, April 20th. Analysts expect Lithia Motors to post earnings of $9.58 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.
Lithia Motors (NYSE:LAD – Get Rating) last issued its quarterly earnings results on Wednesday, February 9th. The company reported $11.39 EPS for the quarter, beating the Zacks’ consensus estimate of $9.99 by $1.40. Lithia Motors had a return on equity of 28.66% and a net margin of 4.64%. The company had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.32 billion. During the same period last year, the business posted $5.46 earnings per share. On average, analysts expect Lithia Motors to post $41 EPS for the current fiscal year and $40 EPS for the next fiscal year.
Shares of NYSE LAD opened at $295.73 on Tuesday. The stock has a fifty day simple moving average of $318.04 and a two-hundred day simple moving average of $309.23. Lithia Motors has a 1-year low of $274.03 and a 1-year high of $406.43. The firm has a market cap of $8.72 billion, a price-to-earnings ratio of 8.16, a price-to-earnings-growth ratio of 1.64 and a beta of 1.54. The company has a current ratio of 1.47, a quick ratio of 0.48 and a debt-to-equity ratio of 0.69.
In other news, SVP George N. Hines sold 1,820 shares of the firm’s stock in a transaction that occurred on Thursday, March 3rd. The shares were sold at an average price of $343.09, for a total transaction of $624,423.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Chris Holzshu sold 15,390 shares of the firm’s stock in a transaction that occurred on Thursday, February 10th. The stock was sold at an average price of $315.42, for a total transaction of $4,854,313.80. The disclosure for this sale can be found here. Insiders sold a total of 21,162 shares of company stock worth $6,713,805 over the last three months. 1.70% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC boosted its stake in shares of Lithia Motors by 41.3% during the fourth quarter. Penserra Capital Management LLC now owns 130 shares of the company’s stock valued at $38,000 after purchasing an additional 38 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of Lithia Motors by 2.1% during the fourth quarter. Stifel Financial Corp now owns 4,553 shares of the company’s stock worth $1,353,000 after buying an additional 93 shares during the period. Metropolitan Life Insurance Co NY lifted its stake in shares of Lithia Motors by 8.3% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 5,525 shares of the company’s stock worth $1,641,000 after buying an additional 424 shares during the period. Comerica Bank raised its holdings in shares of Lithia Motors by 14.3% during the fourth quarter. Comerica Bank now owns 20,491 shares of the company’s stock worth $5,956,000 after purchasing an additional 2,571 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in shares of Lithia Motors by 69.0% during the fourth quarter. Allianz Asset Management GmbH now owns 7,115 shares of the company’s stock worth $2,112,000 after purchasing an additional 2,904 shares during the last quarter. Hedge funds and other institutional investors own 91.49% of the company’s stock.
LAD has been the subject of several research analyst reports. Morgan Stanley dropped their price objective on Lithia Motors from $303.00 to $300.00 and set an “underweight” rating for the company in a research note on Tuesday, March 8th. JPMorgan Chase & Co. reduced their price target on Lithia Motors from $425.00 to $380.00 and set an “overweight” rating on the stock in a report on Thursday, April 7th. Wells Fargo & Company boosted their price target on Lithia Motors from $345.00 to $362.00 in a report on Thursday, February 10th. StockNews.com assumed coverage on Lithia Motors in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Zacks Investment Research cut Lithia Motors from a “buy” rating to a “hold” rating and set a $320.00 price target on the stock. in a research report on Tuesday, April 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $402.00.
About Lithia Motors (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.
- Get a free copy of the StockNews.com research report on Lithia Motors (LAD)
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