Lithia Motors, Inc. (NYSE:LAD) has earned an average rating of “Hold” from the nine research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $115.50.

A number of equities research analysts have recently issued reports on the company. KeyCorp reiterated a “buy” rating and set a $130.00 price objective on shares of Lithia Motors in a research note on Monday, November 13th. Zacks Investment Research upgraded Lithia Motors from a “hold” rating to a “strong-buy” rating and set a $121.00 price objective on the stock in a research note on Wednesday, August 23rd. Jefferies Group LLC reiterated a “buy” rating and set a $125.00 price objective on shares of Lithia Motors in a research note on Thursday, August 3rd. Morgan Stanley reiterated an “overweight” rating and set a $116.00 price objective (up previously from $106.00) on shares of Lithia Motors in a research note on Wednesday, August 2nd. Finally, Berenberg Bank assumed coverage on Lithia Motors in a research note on Wednesday, October 4th. They set a “hold” rating and a $126.00 price objective on the stock.

In related news, Director Kenneth E. Roberts sold 15,000 shares of the stock in a transaction on Monday, September 25th. The stock was sold at an average price of $115.98, for a total value of $1,739,700.00. Following the sale, the director now owns 130,598 shares in the company, valued at approximately $15,146,756.04. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas R. Becker sold 1,031 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $107.10, for a total value of $110,420.10. Following the completion of the sale, the director now owns 65,704 shares in the company, valued at approximately $7,036,898.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 112,573 shares of company stock worth $13,465,667. 7.85% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of LAD. D.A. Davidson & CO. raised its stake in Lithia Motors by 7.3% in the 2nd quarter. D.A. Davidson & CO. now owns 1,104 shares of the company’s stock valued at $104,000 after acquiring an additional 75 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Lithia Motors by 9.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,198 shares of the company’s stock valued at $113,000 after buying an additional 105 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Lithia Motors by 10.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 1,602 shares of the company’s stock valued at $137,000 after buying an additional 146 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Lithia Motors in the 3rd quarter valued at $144,000. Finally, Brighton Jones LLC acquired a new position in Lithia Motors in the 2nd quarter valued at $201,000. Institutional investors and hedge funds own 98.47% of the company’s stock.

Lithia Motors (NYSE LAD) traded down $0.70 during trading hours on Friday, reaching $114.01. The company’s stock had a trading volume of 107,910 shares, compared to its average volume of 269,329. Lithia Motors has a 52-week low of $80.88 and a 52-week high of $123.50. The company has a current ratio of 1.21, a quick ratio of 0.26 and a debt-to-equity ratio of 0.96. The firm has a market cap of $2,832.98, a P/E ratio of 14.01, a P/E/G ratio of 0.97 and a beta of 1.72.

Lithia Motors (NYSE:LAD) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.19). Lithia Motors had a return on equity of 21.02% and a net margin of 2.14%. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the company earned $2.06 EPS. The company’s revenue for the quarter was up 18.7% on a year-over-year basis. research analysts forecast that Lithia Motors will post 8.33 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Friday, November 10th will be paid a $0.27 dividend. 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%.

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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.

Analyst Recommendations for Lithia Motors (NYSE:LAD)

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