Lithia Motors Inc (NYSE:LAD) has been given an average rating of “Buy” by the thirteen brokerages that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $128.13.
A number of brokerages have weighed in on LAD. Stephens upgraded Lithia Motors from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $106.00 to $132.00 in a report on Thursday, April 25th. Morgan Stanley raised their price objective on Lithia Motors from $129.00 to $144.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. ValuEngine lowered Lithia Motors from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Buckingham Research lowered Lithia Motors from a “buy” rating to a “neutral” rating and raised their price objective for the company from $120.00 to $125.00 in a report on Monday, July 8th. They noted that the move was a valuation call. Finally, Longbow Research restated a “buy” rating and issued a $132.00 price objective on shares of Lithia Motors in a report on Sunday, July 7th.
In other Lithia Motors news, Director Susan O. Cain sold 723 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $134.78, for a total value of $97,445.94. Following the completion of the sale, the director now directly owns 11,651 shares of the company’s stock, valued at approximately $1,570,321.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.21% of the stock is owned by company insiders.
LAD stock traded down $0.93 during midday trading on Tuesday, reaching $127.83. The stock had a trading volume of 45,904 shares, compared to its average volume of 325,107. The firm has a fifty day moving average price of $123.26. The company has a current ratio of 1.16, a quick ratio of 0.23 and a debt-to-equity ratio of 1.23. The stock has a market cap of $2.99 billion, a P/E ratio of 12.81, a price-to-earnings-growth ratio of 1.03 and a beta of 1.11. Lithia Motors has a 52-week low of $67.90 and a 52-week high of $139.18.
Lithia Motors (NYSE:LAD) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.87 by $0.08. The company had revenue of $3.22 billion for the quarter, compared to analyst estimates of $3.19 billion. Lithia Motors had a return on equity of 20.74% and a net margin of 2.24%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.52 EPS. On average, analysts predict that Lithia Motors will post 11.14 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 9th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, August 8th. Lithia Motors’s dividend payout ratio (DPR) is presently 12.02%.
Lithia Motors Company Profile
Lithia Motors, Inc operates automotive franchises, and retails new and used vehicles in the United States. The company operates in three segments: Domestic, Import, and Luxury. It sells new and used cars, replacement parts, vehicle service contracts, vehicle protection products, and credit insurance products; provides vehicle maintenance, warranty, paint, and repair services; and arranges related financing.
Further Reading: What is a conference call?
Receive News & Ratings for Lithia Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lithia Motors and related companies with MarketBeat.com's FREE daily email newsletter.