Wall Street brokerages predict that Lithia Motors Inc (NYSE:LAD) will report earnings of $3.01 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Lithia Motors’ earnings, with estimates ranging from $2.82 to $3.20. Lithia Motors posted earnings of $2.57 per share in the same quarter last year, which suggests a positive year over year growth rate of 17.1%. The firm is expected to report its next quarterly earnings report on Wednesday, February 12th.
According to Zacks, analysts expect that Lithia Motors will report full year earnings of $11.81 per share for the current financial year, with EPS estimates ranging from $11.61 to $12.00. For the next fiscal year, analysts expect that the business will report earnings of $13.41 per share, with EPS estimates ranging from $12.75 to $15.78. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Lithia Motors.
Lithia Motors (NYSE:LAD) last posted its earnings results on Wednesday, October 23rd. The company reported $3.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.09 by $0.30. The company had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Lithia Motors had a return on equity of 20.95% and a net margin of 2.13%. Lithia Motors’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $2.83 earnings per share.
In other news, major shareholder Abrams Capital Management, L.P sold 73,933 shares of Lithia Motors stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $152.42, for a total transaction of $11,268,867.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kenneth E. Roberts sold 1,758 shares of Lithia Motors stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $160.60, for a total transaction of $282,334.80. Following the transaction, the director now owns 100,356 shares of the company’s stock, valued at $16,117,173.60. The disclosure for this sale can be found here. Insiders have sold 109,739 shares of company stock valued at $16,878,883 over the last quarter. Company insiders own 5.21% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC lifted its holdings in shares of Lithia Motors by 290.5% during the second quarter. Advisory Services Network LLC now owns 246 shares of the company’s stock valued at $29,000 after purchasing an additional 183 shares during the last quarter. Advisors Preferred LLC purchased a new position in Lithia Motors in the 2nd quarter worth approximately $37,000. Quest Capital Management Inc. ADV purchased a new position in Lithia Motors in the 3rd quarter worth approximately $45,000. Point72 Asset Management L.P. purchased a new position in Lithia Motors in the 2nd quarter worth approximately $48,000. Finally, Private Capital Group LLC raised its holdings in Lithia Motors by 132.2% in the 2nd quarter. Private Capital Group LLC now owns 404 shares of the company’s stock worth $38,000 after acquiring an additional 230 shares during the last quarter.
Shares of NYSE LAD traded up $0.86 during trading hours on Thursday, hitting $158.91. The company’s stock had a trading volume of 131,115 shares, compared to its average volume of 151,340. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.22 and a current ratio of 1.18. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 15.92, a P/E/G ratio of 1.40 and a beta of 1.13. Lithia Motors has a 12 month low of $67.90 and a 12 month high of $165.26. The business has a 50-day simple moving average of $157.75 and a 200-day simple moving average of $133.07.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $1.20 annualized dividend and a dividend yield of 0.76%. Lithia Motors’s payout ratio is 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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