Brokerages expect that Lithia Motors Inc (NYSE:LAD) will report sales of $2.89 billion for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Lithia Motors’ earnings, with the highest sales estimate coming in at $2.94 billion and the lowest estimate coming in at $2.81 billion. Lithia Motors reported sales of $2.66 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.6%. The business is scheduled to issue its next quarterly earnings report before the market opens on Wednesday, April 24th.

On average, analysts expect that Lithia Motors will report full year sales of $12.34 billion for the current fiscal year, with estimates ranging from $11.96 billion to $12.94 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $12.72 billion, with estimates ranging from $12.04 billion to $14.12 billion. Zacks’ sales averages are a mean average based on a survey of analysts that cover Lithia Motors.

Lithia Motors (NYSE:LAD) last issued its quarterly earnings data on Wednesday, February 13th. The company reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.12. Lithia Motors had a return on equity of 20.82% and a net margin of 2.25%. The firm had revenue of $2.97 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the prior year, the firm posted $2.15 EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis.

A number of research analysts have commented on the company. Zacks Investment Research lowered Lithia Motors from a “hold” rating to a “sell” rating in a report on Tuesday, April 2nd. ValuEngine lowered Lithia Motors from a “sell” rating to a “strong sell” rating in a report on Wednesday, February 13th. JPMorgan Chase & Co. assumed coverage on Lithia Motors in a report on Tuesday, February 19th. They issued an “overweight” rating and a $112.00 price objective on the stock. Finally, Morgan Stanley upped their price objective on Lithia Motors from $99.00 to $104.00 and gave the company an “overweight” rating in a report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $105.71.

In other news, CEO Bryan B. Deboer sold 3,835 shares of the company’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $90.00, for a total transaction of $345,150.00. Following the completion of the sale, the chief executive officer now directly owns 153,285 shares in the company, valued at approximately $13,795,650. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Susan O. Cain sold 1,462 shares of the company’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $87.15, for a total value of $127,413.30. Following the sale, the director now owns 10,849 shares of the company’s stock, valued at $945,490.35. The disclosure for this sale can be found here. Corporate insiders own 5.21% of the company’s stock.

Several large investors have recently added to or reduced their stakes in LAD. Geode Capital Management LLC lifted its position in shares of Lithia Motors by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 235,713 shares of the company’s stock worth $17,991,000 after buying an additional 6,663 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Lithia Motors by 38.0% during the 4th quarter. Prudential Financial Inc. now owns 94,444 shares of the company’s stock worth $7,209,000 after buying an additional 26,007 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Lithia Motors by 65.8% during the 4th quarter. Bank of Montreal Can now owns 1,096 shares of the company’s stock worth $84,000 after buying an additional 435 shares during the last quarter. Bridge City Capital LLC lifted its position in shares of Lithia Motors by 12.1% during the 4th quarter. Bridge City Capital LLC now owns 24,448 shares of the company’s stock worth $1,866,000 after buying an additional 2,633 shares during the last quarter. Finally, Boston Partners lifted its position in shares of Lithia Motors by 6.0% during the 4th quarter. Boston Partners now owns 806,490 shares of the company’s stock worth $61,560,000 after buying an additional 45,728 shares during the last quarter.

Shares of NYSE LAD opened at $95.90 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 0.25 and a debt-to-equity ratio of 1.13. Lithia Motors has a one year low of $67.90 and a one year high of $105.64. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 1.15 and a beta of 1.19.

About Lithia Motors

Lithia Motors, Inc operates automotive franchises, and retails new and used vehicles in the United States. The company operates in three segments: Domestic, Import, and Luxury. It sells new and used cars, replacement parts, vehicle service contracts, vehicle protection products, and credit insurance products; provides vehicle maintenance, warranty, paint, and repair services; and arranges related financing.

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Earnings History and Estimates for Lithia Motors (NYSE:LAD)

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