Lithia Motors Inc (NYSE:LAD) Receives $128.13 Average Price Target from Analysts

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.



Several institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in shares of Lithia Motors by 17.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,323,683 shares of the company’s stock worth $101,036,000 after acquiring an additional 200,381 shares during the last quarter. Boston Partners increased its stake in shares of Lithia Motors by 3.0% in the 1st quarter. Boston Partners now owns 830,398 shares of the company’s stock worth $77,019,000 after acquiring an additional 23,908 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Lithia Motors by 15.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 575,896 shares of the company’s stock worth $68,957,000 after acquiring an additional 77,705 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Lithia Motors by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 235,713 shares of the company’s stock worth $17,991,000 after acquiring an additional 6,663 shares during the last quarter. Finally, Rothschild & Co. Asset Management US Inc. increased its stake in shares of Lithia Motors by 3.5% in the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 225,541 shares of the company’s stock worth $26,790,000 after acquiring an additional 7,586 shares during the last quarter.

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.

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Analyst Recommendations for Lithia Motors (NYSE:LAD)

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