Lithia Motors (NYSE:LAD) was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating in a research note issued on Friday.

Several other research firms have also recently weighed in on LAD. Buckingham Research dropped their price objective on Lithia Motors from $129.00 to $100.00 and set a “buy” rating for the company in a report on Thursday, July 26th. ValuEngine cut Lithia Motors from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 25th. Zacks Investment Research cut Lithia Motors from a “buy” rating to a “hold” rating in a report on Thursday, July 12th. Craig Hallum dropped their price objective on Lithia Motors from $120.00 to $94.00 and set a “buy” rating for the company in a report on Thursday, July 26th. Finally, Morgan Stanley upgraded Lithia Motors to a “buy” rating in a report on Tuesday, July 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $113.57.

NYSE LAD opened at $85.36 on Friday. Lithia Motors has a fifty-two week low of $78.85 and a fifty-two week high of $127.99. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.20 and a quick ratio of 0.23. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 0.75 and a beta of 1.58.

Lithia Motors (NYSE:LAD) last released its quarterly earnings data on Wednesday, July 25th. The company reported $2.52 earnings per share for the quarter, missing the consensus estimate of $2.94 by ($0.42). Lithia Motors had a return on equity of 20.30% and a net margin of 2.28%. The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter last year, the business posted $2.28 EPS. The company’s quarterly revenue was up 25.5% compared to the same quarter last year. research analysts expect that Lithia Motors will post 9.5 earnings per share for the current year.

In other news, insider Chris Holzshu bought 1,250 shares of the stock in a transaction dated Friday, July 27th. The stock was bought at an average price of $82.23 per share, for a total transaction of $102,787.50. Following the purchase, the insider now directly owns 35,862 shares in the company, valued at approximately $2,948,932.26. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John F. North bought 1,175 shares of the stock in a transaction dated Monday, July 30th. The stock was purchased at an average price of $84.91 per share, with a total value of $99,769.25. Following the purchase, the insider now owns 15,481 shares in the company, valued at $1,314,491.71. The disclosure for this purchase can be found here. Company insiders own 5.95% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC purchased a new position in shares of Lithia Motors in the 1st quarter valued at approximately $136,000. SG Americas Securities LLC purchased a new position in Lithia Motors during the first quarter valued at $153,000. Stevens Capital Management LP purchased a new position in Lithia Motors during the second quarter valued at $205,000. Point72 Hong Kong Ltd raised its stake in Lithia Motors by 293.9% during the second quarter. Point72 Hong Kong Ltd now owns 2,265 shares of the company’s stock valued at $214,000 after buying an additional 1,690 shares during the last quarter. Finally, Trexquant Investment LP purchased a new position in Lithia Motors during the second quarter valued at $248,000.

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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Analyst Recommendations for Lithia Motors (NYSE:LAD)

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