$3.14 EPS Expected for Lithia Motors Inc (NYSE:LAD) This Quarter

Analysts forecast that Lithia Motors Inc (NYSE:LAD) will report $3.14 earnings per share (EPS) for the current quarter, Zacks reports. Three analysts have issued estimates for Lithia Motors’ earnings, with the lowest EPS estimate coming in at $3.10 and the highest estimate coming in at $3.23. Lithia Motors posted earnings of $2.83 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 11%. The business is scheduled to issue its next quarterly earnings report on Wednesday, October 23rd.

On average, analysts expect that Lithia Motors will report full year earnings of $11.26 per share for the current year, with EPS estimates ranging from $11.09 to $11.46. For the next fiscal year, analysts forecast that the firm will post earnings of $12.55 per share, with EPS estimates ranging from $12.00 to $13.74. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover Lithia Motors.

Lithia Motors (NYSE:LAD) last issued its earnings results on Wednesday, July 24th. The company reported $2.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.87 by $0.08. Lithia Motors had a return on equity of 20.74% and a net margin of 2.24%. The company had revenue of $3.22 billion during the quarter, compared to the consensus estimate of $3.19 billion. During the same period in the previous year, the company posted $2.52 EPS. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year.

Several analysts recently issued reports on the company. Longbow Research restated a “buy” rating and issued a $132.00 price target on shares of Lithia Motors in a research note on Sunday, July 7th. Buckingham Research downgraded Lithia Motors from a “buy” rating to a “neutral” rating and boosted their price target for the company from $120.00 to $125.00 in a research note on Monday, July 8th. They noted that the move was a valuation call. Craig Hallum boosted their price target on Lithia Motors from $125.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Morgan Stanley boosted their price target on Lithia Motors from $129.00 to $144.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Bank of America downgraded Lithia Motors from a “neutral” rating to an “underperform” rating in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $124.44.

LAD traded down $0.04 during trading on Friday, hitting $126.18. The stock had a trading volume of 125,363 shares, compared to its average volume of 245,085. The company has a 50 day moving average price of $130.07 and a 200-day moving average price of $117.10. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 12.64, a P/E/G ratio of 1.25 and a beta of 1.09. Lithia Motors has a one year low of $67.90 and a one year high of $139.18. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.16 and a quick ratio of 0.23.

In other news, Director Louis Miramontes sold 450 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $131.34, for a total transaction of $59,103.00. Following the completion of the sale, the director now directly owns 2,746 shares in the company, valued at approximately $360,659.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Susan O. Cain sold 723 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $134.78, for a total value of $97,445.94. Following the sale, the director now owns 11,651 shares of the company’s stock, valued at $1,570,321.78. The disclosure for this sale can be found here. Insiders sold a total of 6,173 shares of company stock valued at $812,899 over the last 90 days. 5.21% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. First Hawaiian Bank lifted its position in shares of Lithia Motors by 104.5% during the 3rd quarter. First Hawaiian Bank now owns 4,010 shares of the company’s stock valued at $531,000 after acquiring an additional 2,049 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Lithia Motors by 127.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 17,283 shares of the company’s stock valued at $2,287,000 after acquiring an additional 9,673 shares during the period. BlackRock Inc. lifted its position in shares of Lithia Motors by 6.4% during the 2nd quarter. BlackRock Inc. now owns 3,602,153 shares of the company’s stock valued at $427,863,000 after acquiring an additional 217,265 shares during the period. UBS Group AG lifted its position in shares of Lithia Motors by 21.9% during the 2nd quarter. UBS Group AG now owns 58,776 shares of the company’s stock valued at $6,982,000 after acquiring an additional 10,554 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Lithia Motors by 72.9% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,229 shares of the company’s stock valued at $146,000 after acquiring an additional 518 shares during the period.

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

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