Lithia Motors Inc (LAD) Receives $108.17 Consensus Target Price from Analysts
Lithia Motors Inc (NYSE:LAD) has been given an average rating of “Buy” by the twelve research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $108.17.
Several analysts have recently commented on the company. Zacks Investment Research upgraded Lithia Motors from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine upgraded Lithia Motors from a “strong sell” rating to a “sell” rating in a report on Tuesday, February 19th. TheStreet upgraded Lithia Motors from a “c+” rating to a “b-” rating in a report on Tuesday, January 29th. JPMorgan Chase & Co. assumed coverage on Lithia Motors in a report on Tuesday, February 19th. They set an “overweight” rating and a $112.00 target price on the stock. Finally, Seaport Global Securities assumed coverage on Lithia Motors in a report on Wednesday, February 13th. They set a “buy” rating and a $110.00 target price on the stock.
In related news, Director Susan O. Cain sold 1,462 shares of the firm’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $87.15, for a total value of $127,413.30. Following the transaction, the director now owns 10,849 shares in the company, valued at $945,490.35. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Bryan B. Deboer sold 3,835 shares of the firm’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $90.00, for a total value of $345,150.00. Following the completion of the transaction, the chief executive officer now owns 153,285 shares in the company, valued at approximately $13,795,650. The disclosure for this sale can be found here. 5.21% of the stock is owned by company insiders.
Shares of LAD stock traded up $1.94 during trading hours on Wednesday, hitting $95.92. 182,645 shares of the company’s stock were exchanged, compared to its average volume of 259,281. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.25 and a current ratio of 1.20. The stock has a market capitalization of $2.18 billion, a PE ratio of 9.61, a PEG ratio of 1.09 and a beta of 1.19. Lithia Motors has a 52 week low of $67.90 and a 52 week high of $105.64.
Lithia Motors (NYSE:LAD) last announced its earnings results on Wednesday, February 13th. The company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.45 by $0.12. The company had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Lithia Motors had a return on equity of 20.82% and a net margin of 2.25%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.15 earnings per share. As a group, analysts forecast that Lithia Motors will post 10.24 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Thursday, March 7th. Lithia Motors’s dividend payout ratio is 11.62%.
Lithia Motors Company Profile
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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