Shares of Lithia Motors Inc (NYSE:LAD) have received an average rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $115.50.

A number of research firms recently weighed in on LAD. Berenberg Bank began coverage on Lithia Motors in a research report on Wednesday, October 4th. They set a “hold” rating and a $126.00 price objective for the company. Zacks Investment Research raised Lithia Motors from a “hold” rating to a “strong-buy” rating and set a $121.00 price objective for the company in a research report on Wednesday, August 23rd. Finally, KeyCorp reaffirmed a “buy” rating and set a $130.00 price objective on shares of Lithia Motors in a research report on Monday, November 13th.

Lithia Motors (LAD) traded up $1.90 during mid-day trading on Thursday, reaching $118.40. The company had a trading volume of 349,249 shares, compared to its average volume of 189,306. Lithia Motors has a one year low of $80.88 and a one year 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 company has a market cap of $2,955.03, a price-to-earnings ratio of 14.62, a PEG ratio of 1.01 and a beta of 1.72.

Lithia Motors (NYSE:LAD) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $2.18 earnings per share 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 for the quarter, compared to the consensus estimate of $2.62 billion. During the same period last year, the business earned $2.06 EPS. The firm’s quarterly revenue was up 18.7% on a year-over-year basis. equities research analysts predict that Lithia Motors will post 8.34 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Friday, November 10th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, November 9th. This represents a $1.08 annualized dividend and a yield of 0.91%. Lithia Motors’s dividend payout ratio is 13.12%.

In other Lithia Motors news, Director Sidney B. Deboer sold 3,051 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $113.25, for a total transaction of $345,525.75. Following the sale, the director now directly owns 433 shares in the company, valued at approximately $49,037.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Kenneth E. Roberts sold 25,000 shares of the stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $117.19, for a total value of $2,929,750.00. Following the sale, the director now owns 130,598 shares in the company, valued at $15,304,779.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 116,429 shares of company stock worth $13,917,011. Company insiders own 7.85% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Koch Industries Inc. purchased a new position in shares of Lithia Motors in the 2nd quarter worth $201,000. Copeland Capital Management LLC boosted its stake in shares of Lithia Motors by 1.4% in the 3rd quarter. Copeland Capital Management LLC now owns 164,869 shares of the company’s stock worth $19,835,000 after buying an additional 2,204 shares during the last quarter. Bridge City Capital LLC boosted its stake in shares of Lithia Motors by 8.7% in the 3rd quarter. Bridge City Capital LLC now owns 22,041 shares of the company’s stock worth $2,652,000 after buying an additional 1,763 shares during the last quarter. Boston Partners boosted its stake in shares of Lithia Motors by 2.7% in the 3rd quarter. Boston Partners now owns 545,701 shares of the company’s stock worth $65,653,000 after buying an additional 14,313 shares during the last quarter. Finally, Wasatch Advisors Inc. purchased a new position in shares of Lithia Motors in the 3rd quarter worth $6,419,000. Institutional investors and hedge funds own 98.47% of the company’s stock.

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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.

Analyst Recommendations for Lithia Motors (NYSE:LAD)

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