Lithia Motors, Inc. (NYSE:LAD) – Stock analysts at Seaport Global Securities issued their FY2017 EPS estimates for shares of Lithia Motors in a report issued on Wednesday. Seaport Global Securities analyst M. Ward expects that the company will post earnings of $8.30 per share for the year. Seaport Global Securities also issued estimates for Lithia Motors’ Q4 2017 earnings at $2.04 EPS, Q1 2018 earnings at $1.99 EPS, Q2 2018 earnings at $2.62 EPS, Q3 2018 earnings at $2.41 EPS, Q4 2018 earnings at $2.18 EPS and FY2018 earnings at $9.20 EPS.
LAD has been the subject of a number of other research reports. Morgan Stanley reaffirmed an “overweight” rating and issued a $116.00 price objective (up previously from $106.00) on shares of Lithia Motors in a research report on Wednesday, August 2nd. Berenberg Bank began coverage on Lithia Motors in a research report on Wednesday, October 4th. They issued a “hold” rating and a $126.00 price objective for the company. Zacks Investment Research raised Lithia Motors from a “hold” rating to a “strong-buy” rating and set a $121.00 price objective for the company in a research report on Wednesday, August 23rd. KeyCorp reaffirmed a “buy” rating and issued a $130.00 price objective (up previously from $119.00) on shares of Lithia Motors in a research report on Wednesday, October 4th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Lithia Motors in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Lithia Motors presently has an average rating of “Hold” and an average price target of $116.29.
Shares of Lithia Motors (LAD) opened at $113.91 on Monday. The company has a market capitalization of $2,850.26, a price-to-earnings ratio of 14.06, a PEG ratio of 0.97 and a beta of 1.72. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.21 and a quick ratio of 0.23. Lithia Motors has a 1 year low of $80.88 and a 1 year high of $123.50.
Lithia Motors (NYSE:LAD) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $2.18 EPS for the quarter, missing the Zacks’ consensus estimate of $2.37 by ($0.19). The business had revenue of $2.69 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Lithia Motors had a net margin of 2.14% and a return on equity of 21.02%. Lithia Motors’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.06 EPS.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, November 9th. Lithia Motors’s dividend payout ratio (DPR) is presently 13.12%.
In other Lithia Motors news, Director Sidney B. Deboer sold 65,711 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $121.77, for a total transaction of $8,001,628.47. Following the completion of the sale, the director now owns 1,421 shares of the company’s stock, valued at $173,035.17. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas R. Becker sold 1,031 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $107.10, for a total value of $110,420.10. Following the sale, the director now directly owns 65,704 shares of the company’s stock, valued at approximately $7,036,898.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 145,581 shares of company stock valued at $16,905,722. 7.85% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Lithia Motors by 2.8% during the second quarter. Vanguard Group Inc. now owns 2,097,189 shares of the company’s stock valued at $197,618,000 after acquiring an additional 56,888 shares during the period. Alliancebernstein L.P. grew its position in Lithia Motors by 1.0% during the second quarter. Alliancebernstein L.P. now owns 1,187,168 shares of the company’s stock valued at $111,867,000 after acquiring an additional 11,661 shares during the period. Victory Capital Management Inc. grew its position in Lithia Motors by 23.7% during the third quarter. Victory Capital Management Inc. now owns 1,182,723 shares of the company’s stock valued at $142,294,000 after acquiring an additional 226,940 shares during the period. Dimensional Fund Advisors LP grew its position in Lithia Motors by 1.3% during the second quarter. Dimensional Fund Advisors LP now owns 934,805 shares of the company’s stock valued at $88,086,000 after acquiring an additional 12,244 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Lithia Motors by 5.8% during the second quarter. Goldman Sachs Group Inc. now owns 723,495 shares of the company’s stock valued at $68,175,000 after acquiring an additional 39,692 shares during the period. 98.47% of the stock is owned by hedge funds and other institutional investors.
Lithia Motors Company Profile
Lithia Motors, Inc is an operator of automotive franchises and a retailer of new and used vehicles and related services. As of February 28, 2017, it offered 30 brands of new vehicles and all brands of used vehicles in 154 stores in the United States and online at Lithia.com, DCHauto.com and CarboneCars.com.
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