Lithia Motors (NYSE:LAD) Given New $170.00 Price Target at Craig Hallum

Lithia Motors (NYSE:LAD) had its price objective hoisted by analysts at Craig Hallum from $140.00 to $170.00 in a research report issued on Monday, The Fly reports. The brokerage currently has a “buy” rating on the stock. Craig Hallum’s price target suggests a potential upside of 11.01% from the company’s current price.

A number of other analysts have also commented on the stock. Bank of America cut their price objective on shares of Lithia Motors from $140.00 to $136.00 and set an “underperform” rating on the stock in a research report on Tuesday, March 3rd. ValuEngine raised shares of Lithia Motors from a “strong sell” rating to a “sell” rating in a research report on Thursday, April 2nd. Benchmark cut their price objective on shares of Lithia Motors from $170.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. TheStreet upgraded shares of Lithia Motors from a “c” rating to a “b-” rating in a report on Thursday, May 7th. Finally, Guggenheim boosted their target price on shares of Lithia Motors from $113.00 to $122.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Two analysts have rated the stock with a sell rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $138.75.

Shares of LAD opened at $153.14 on Monday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.17 and a current ratio of 1.20. Lithia Motors has a twelve month low of $55.74 and a twelve month high of $165.26. The firm’s 50 day moving average price is $128.76 and its two-hundred day moving average price is $121.49. The firm has a market cap of $3.26 billion, a P/E ratio of 13.76, a PEG ratio of 7.76 and a beta of 1.61.

Lithia Motors (NYSE:LAD) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $2.01 EPS for the quarter, topping the Zacks’ consensus estimate of $1.98 by $0.03. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.92 billion. Lithia Motors had a net margin of 2.07% and a return on equity of 19.10%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.42 earnings per share. On average, sell-side analysts anticipate that Lithia Motors will post 8.47 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Lithia Motors by 1.0% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,677 shares of the company’s stock valued at $1,129,000 after purchasing an additional 74 shares during the last quarter. Brinker Capital Inc. increased its holdings in shares of Lithia Motors by 2.4% in the fourth quarter. Brinker Capital Inc. now owns 8,291 shares of the company’s stock valued at $1,219,000 after purchasing an additional 194 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Lithia Motors by 1.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 18,031 shares of the company’s stock valued at $2,651,000 after purchasing an additional 221 shares during the last quarter. CIBC World Markets Inc. increased its holdings in shares of Lithia Motors by 9.8% in the fourth quarter. CIBC World Markets Inc. now owns 2,490 shares of the company’s stock valued at $366,000 after purchasing an additional 223 shares during the last quarter. Finally, Archer Investment Corp acquired a new position in shares of Lithia Motors in the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 99.00% of the company’s stock.

About Lithia Motors

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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