Lithia Motors, Inc. (NYSE:LAD – Free Report) – Equities research analysts at Zacks Research boosted their Q3 2024 EPS estimates for Lithia Motors in a report issued on Monday, September 30th. Zacks Research analyst R. Singhi now forecasts that the company will post earnings of $7.61 per share for the quarter, up from their previous forecast of $7.58. The consensus estimate for Lithia Motors’ current full-year earnings is $28.78 per share. Zacks Research also issued estimates for Lithia Motors’ Q4 2024 earnings at $6.95 EPS, FY2024 earnings at $28.54 EPS and Q3 2026 earnings at $11.29 EPS.
Lithia Motors (NYSE:LAD – Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $7.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.09 by $0.78. Lithia Motors had a net margin of 2.52% and a return on equity of 13.84%. The firm had revenue of $9.23 billion for the quarter, compared to analysts’ expectations of $9.29 billion. During the same quarter last year, the business earned $10.91 earnings per share. The business’s revenue was up 13.8% on a year-over-year basis.
Read Our Latest Stock Analysis on LAD
Lithia Motors Price Performance
Shares of Lithia Motors stock opened at $302.97 on Wednesday. The company’s fifty day simple moving average is $288.40 and its two-hundred day simple moving average is $272.64. Lithia Motors has a 12-month low of $231.36 and a 12-month high of $331.96. The firm has a market cap of $8.30 billion, a PE ratio of 8.95, a price-to-earnings-growth ratio of 0.30 and a beta of 1.64. The company has a quick ratio of 0.30, a current ratio of 1.19 and a debt-to-equity ratio of 1.26.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Blue Trust Inc. increased its position in shares of Lithia Motors by 83.6% during the second quarter. Blue Trust Inc. now owns 134 shares of the company’s stock valued at $34,000 after acquiring an additional 61 shares in the last quarter. Rise Advisors LLC raised its stake in shares of Lithia Motors by 80.2% in the first quarter. Rise Advisors LLC now owns 191 shares of the company’s stock worth $57,000 after purchasing an additional 85 shares during the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of Lithia Motors during the fourth quarter valued at $67,000. McClarren Financial Advisors Inc. boosted its position in shares of Lithia Motors by 12,500.0% during the second quarter. McClarren Financial Advisors Inc. now owns 252 shares of the company’s stock valued at $64,000 after buying an additional 250 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Lithia Motors in the 2nd quarter worth about $80,000.
Insider Activity at Lithia Motors
In other Lithia Motors news, Director Shauna Mcintyre sold 306 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $289.65, for a total transaction of $88,632.90. Following the completion of the transaction, the director now owns 1,922 shares of the company’s stock, valued at $556,707.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Lithia Motors news, Director Shauna Mcintyre sold 306 shares of the business’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $289.65, for a total value of $88,632.90. Following the sale, the director now directly owns 1,922 shares of the company’s stock, valued at $556,707.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sidney B. Deboer sold 10,777 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $275.93, for a total value of $2,973,697.61. Following the transaction, the director now owns 35,352 shares of the company’s stock, valued at $9,754,677.36. The disclosure for this sale can be found here. Insiders sold a total of 23,021 shares of company stock valued at $6,534,617 in the last three months. Company insiders own 1.79% of the company’s stock.
Lithia Motors Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a $0.53 dividend. The ex-dividend date was Friday, August 9th. This represents a $2.12 annualized dividend and a dividend yield of 0.70%. Lithia Motors’s payout ratio is 6.26%.
Lithia Motors Company Profile
Lithia Motors, Inc operates as an automotive retailer worldwide. It operates in two segments, Vehicle Operations and Financing Operations. The company’s Vehicle Operations segment sells new and used vehicles; provides parts, repair, and maintenance services; vehicle finance; and insurance products. Its Financing Operations segment provides financing to customers buying and leasing retail vehicles.
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