Equities research analysts expect Lithia Motors Inc (NYSE:LAD) to report sales of $2.68 billion for the current quarter, according to Zacks. Three analysts have provided estimates for Lithia Motors’ earnings, with the lowest sales estimate coming in at $2.67 billion and the highest estimate coming in at $2.71 billion. Lithia Motors reported sales of $2.29 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 17%. The company is scheduled to issue its next quarterly earnings report on Wednesday, February 21st.

On average, analysts expect that Lithia Motors will report full year sales of $2.68 billion for the current year, with estimates ranging from $10.07 billion to $10.19 billion. For the next fiscal year, analysts forecast that the business will post sales of $11.12 billion per share, with estimates ranging from $10.74 billion to $11.46 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Lithia Motors.

Lithia Motors (NYSE:LAD) last issued its earnings results on Wednesday, October 25th. The company reported $2.18 EPS for the quarter, missing the Zacks’ consensus estimate of $2.37 by ($0.19). Lithia Motors had a net margin of 2.14% and a return on equity of 21.02%. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the previous year, the firm earned $2.06 earnings per share. The business’s revenue was up 18.7% on a year-over-year basis.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Lithia Motors from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. KeyCorp reaffirmed a “buy” rating and set a $130.00 price target on shares of Lithia Motors in a report on Monday, November 13th. Berenberg Bank assumed coverage on Lithia Motors in a report on Wednesday, October 4th. They set a “hold” rating and a $126.00 price target on the stock. Finally, Bank of America raised Lithia Motors from an “underperform” rating to a “neutral” rating and set a $128.00 price target on the stock in a report on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $124.00.

In related news, Director Susan O. Cain sold 1,302 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $115.79, for a total transaction of $150,758.58. Following the sale, the director now owns 10,940 shares of the company’s stock, valued at $1,266,742.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kenneth E. Roberts sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $124.00, for a total value of $620,000.00. Following the sale, the director now directly owns 110,064 shares in the company, valued at approximately $13,647,936. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,718 shares of company stock worth $1,275,932. Corporate insiders own 7.85% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. raised its holdings in Lithia Motors by 4.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 173,063 shares of the company’s stock worth $19,659,000 after purchasing an additional 7,840 shares in the last quarter. Wasatch Advisors Inc. raised its holdings in Lithia Motors by 141.9% during the fourth quarter. Wasatch Advisors Inc. now owns 129,037 shares of the company’s stock worth $14,657,000 after purchasing an additional 75,686 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in Lithia Motors by 6.2% during the fourth quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the company’s stock worth $1,170,000 after purchasing an additional 600 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in Lithia Motors by 35.9% during the third quarter. Parametric Portfolio Associates LLC now owns 126,213 shares of the company’s stock worth $15,185,000 after purchasing an additional 33,369 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Lithia Motors during the third quarter worth approximately $773,000.

Lithia Motors (LAD) opened at $120.03 on Thursday. The company has a quick ratio of 0.26, a current ratio of 1.21 and a debt-to-equity ratio of 0.96. Lithia Motors has a 52 week low of $80.88 and a 52 week high of $125.87. The company has a market capitalization of $3,029.40, a P/E ratio of 14.58, a price-to-earnings-growth ratio of 0.63 and a beta of 1.72.

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About Lithia Motors

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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