Lithia Motors (NYSE:LAD) Issues Quarterly Earnings Results

Lithia Motors (NYSE:LAD) announced its quarterly earnings results on Tuesday. The company reported $5.89 EPS for the quarter, beating analysts’ consensus estimates of $4.73 by $1.16, MarketWatch Earnings reports. The company had revenue of $4.34 billion during the quarter, compared to analysts’ expectations of $3.89 billion. Lithia Motors had a return on equity of 23.52% and a net margin of 2.82%. Lithia Motors’s revenue was up 54.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.01 EPS.

Shares of Lithia Motors stock traded down $1.95 during trading on Thursday, reaching $382.20. 300,475 shares of the company’s stock were exchanged, compared to its average volume of 304,229. The firm’s 50-day moving average price is $388.24 and its 200 day moving average price is $323.81. The company has a market cap of $10.18 billion, a P/E ratio of 25.61, a PEG ratio of 0.72 and a beta of 1.88. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.28 and a current ratio of 1.24. Lithia Motors has a 1-year low of $93.38 and a 1-year high of $417.98.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 26th. Shareholders of record on Friday, March 12th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, March 11th. This represents a $1.24 annualized dividend and a yield of 0.32%. Lithia Motors’s dividend payout ratio is currently 10.54%.

A number of equities analysts have recently weighed in on the stock. Morgan Stanley cut shares of Lithia Motors from an “equal weight” rating to an “underweight” rating and set a $310.00 price target on the stock. in a research report on Wednesday, February 10th. Guggenheim lifted their price objective on Lithia Motors from $462.00 to $465.00 and gave the company a “buy” rating in a report on Thursday. Craig Hallum increased their target price on Lithia Motors from $450.00 to $500.00 and gave the stock a “buy” rating in a research note on Wednesday, March 17th. Finally, Citigroup increased their price objective on shares of Lithia Motors from $320.00 to $385.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $342.92.

In other news, Director Louis Miramontes sold 350 shares of the firm’s stock in a transaction that occurred on Tuesday, March 9th. The shares were sold at an average price of $381.02, for a total transaction of $133,357.00. Following the completion of the sale, the director now owns 3,570 shares of the company’s stock, valued at approximately $1,360,241.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan O. Cain sold 389 shares of the firm’s stock in a transaction dated Monday, March 1st. The shares were sold at an average price of $381.24, for a total value of $148,302.36. Following the completion of the sale, the director now owns 11,666 shares of the company’s stock, valued at $4,447,545.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 20,243 shares of company stock worth $7,621,107. Company insiders own 3.95% of the company’s stock.

Lithia Motors Company Profile

Lithia Motors, Inc engages in the operation of automotive franchises and retail of new and used vehicles. It operates through the following segments: Domestic, Import and Luxury. The Domestic segment comprises of retail automotive franchises that sell new vehicles manufactured by Chrysler, General Motors, and Ford.

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Earnings History for Lithia Motors (NYSE:LAD)

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