Lithia Motors, Inc. (NYSE:LAD) Receives Average Rating of “Hold” from Analysts

Lithia Motors, Inc. (NYSE:LADGet Free Report) has received an average recommendation of “Hold” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. 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 company. The average 1 year price target among brokerages that have covered the stock in the last year is $319.45.

A number of research analysts recently issued reports on the company. Morgan Stanley boosted their price objective on Lithia Motors from $220.00 to $230.00 and gave the company an “underweight” rating in a research report on Thursday, February 29th. Craig Hallum lowered their price target on shares of Lithia Motors from $350.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Wells Fargo & Company dropped their price objective on shares of Lithia Motors from $290.00 to $248.00 and set an “equal weight” rating on the stock in a report on Thursday, April 25th. Bank of America boosted their target price on shares of Lithia Motors from $380.00 to $385.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Finally, Citigroup decreased their price objective on Lithia Motors from $320.00 to $280.00 and set a “neutral” rating for the company in a report on Thursday, April 25th.

Get Our Latest Stock Report on LAD

Insider Activity

In other Lithia Motors news, Director Shauna Mcintyre sold 138 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $254.42, for a total transaction of $35,109.96. Following the completion of the sale, the director now directly owns 2,228 shares of the company’s stock, valued at $566,847.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.79% of the stock is currently owned by company insiders.

Institutional Trading of Lithia Motors

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in Lithia Motors by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 2,823,369 shares of the company’s stock valued at $929,679,000 after buying an additional 15,962 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of Lithia Motors by 7.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 727,849 shares of the company’s stock valued at $218,981,000 after purchasing an additional 48,938 shares during the period. FMR LLC increased its holdings in shares of Lithia Motors by 10.3% in the 3rd quarter. FMR LLC now owns 492,273 shares of the company’s stock valued at $145,383,000 after purchasing an additional 45,977 shares during the period. Norges Bank purchased a new stake in shares of Lithia Motors in the fourth quarter worth approximately $123,976,000. Finally, Cadian Capital Management LP acquired a new stake in shares of Lithia Motors during the fourth quarter worth approximately $105,370,000.

Lithia Motors Stock Down 1.9 %

Shares of NYSE:LAD opened at $252.36 on Friday. The company’s fifty day moving average is $260.10 and its two-hundred day moving average is $283.07. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.28 and a current ratio of 1.17. Lithia Motors has a 1-year low of $231.36 and a 1-year high of $331.96. The stock has a market capitalization of $6.92 billion, a price-to-earnings ratio of 7.45, a price-to-earnings-growth ratio of 3.00 and a beta of 1.62.

Lithia Motors (NYSE:LADGet Free Report) last released its quarterly earnings data on Wednesday, April 24th. The company reported $6.11 earnings per share for the quarter, missing the consensus estimate of $7.85 by ($1.74). Lithia Motors had a return on equity of 15.62% and a net margin of 2.87%. The business had revenue of $8.56 billion for the quarter, compared to analyst estimates of $8.58 billion. During the same quarter last year, the company earned $8.44 EPS. Lithia Motors’s revenue was up 22.7% compared to the same quarter last year. Equities analysts anticipate that Lithia Motors will post 28.79 EPS for the current year.

Lithia Motors Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.84%. This is a boost from Lithia Motors’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, May 9th. Lithia Motors’s payout ratio is presently 6.26%.

About Lithia Motors

(Get Free Report

Lithia Motors, Inc operates as an automotive retailer worldwide. It operates in two segments, Vehicle Operations and Financing Operations. The company's Vehicle Operations segment sells new and used vehicles; provides parts, repair, and maintenance services; vehicle finance; and insurance products.

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Analyst Recommendations for Lithia Motors (NYSE:LAD)

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