1 week Ago By ABMN Staff
Shares of Lithia Motors, Inc. ( NYSE:LAD – Get Free Report ) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat.com reports.
Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $357.60.
LAD has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on Lithia Motors from $299.00 to $343.
00 and gave the company an “equal weight” rating in a research note on Thursday, October 24th. StockNews.com raised shares of Lithia Motors from a “sell” rating to a “hold” rating in a report on Friday, November 29th.
JPMorgan Chase & Co. lifted their price target on Lithia Motors from $375.00 to $405.
00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Morgan Stanley upgraded shares of Lithia Motors from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $225.00 to $310.
00 in a research report on Wednesday, September 25th. Finally, Stephens increased their target price on shares of Lithia Motors from $360.00 to $405.
00 and gave the company an “overweight” rating in a report on Thursday, October 24th. View Our Latest Stock Report on LAD Lithia Motors Trading Down 0.2 % Lithia Motors ( NYSE:LAD – Get Free Report ) last released its quarterly earnings data on Wednesday, October 23rd.
The company reported $8.21 earnings per share for the quarter, beating analysts’ consensus estimates of $7.60 by $0.
61. Lithia Motors had a net margin of 2.31% and a return on equity of 12.
95%. The business had revenue of $9.22 billion during the quarter, compared to analyst estimates of $9.
46 billion. During the same period in the previous year, the business earned $9.25 EPS.
Lithia Motors’s revenue was up 11.4% compared to the same quarter last year. As a group, research analysts anticipate that Lithia Motors will post 29.
42 EPS for the current year. Lithia Motors Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 8th were issued a dividend of $0.
53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.
61%. The ex-dividend date was Friday, November 8th. Lithia Motors’s payout ratio is currently 7.
24%. Insider Buying and Selling at Lithia Motors In related news, CEO Bryan B. Deboer sold 6,742 shares of the business’s stock in a transaction that occurred on Monday, November 25th.
The shares were sold at an average price of $400.00, for a total transaction of $2,696,800.00.
Following the completion of the sale, the chief executive officer now directly owns 174,445 shares in the company, valued at approximately $69,778,000. The trade was a 3.72 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website . Also, COO Chris Holzshu sold 8,520 shares of Lithia Motors stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $335.
21, for a total transaction of $2,855,989.20. Following the transaction, the chief operating officer now owns 32,054 shares in the company, valued at $10,744,821.
34. This represents a 21.00 % decrease in their position.
The disclosure for this sale can be found here . In the last 90 days, insiders have sold 47,290 shares of company stock worth $17,959,596. Company insiders own 1.
79% of the company’s stock. Institutional Trading of Lithia Motors Several institutional investors and hedge funds have recently modified their holdings of LAD. Versor Investments LP boosted its stake in Lithia Motors by 7.
0% in the 3rd quarter. Versor Investments LP now owns 856 shares of the company’s stock worth $272,000 after purchasing an additional 56 shares during the period. JPMorgan Chase & Co.
boosted its stake in Lithia Motors by 17.0% during the third quarter. JPMorgan Chase & Co.
now owns 259,916 shares of the company’s stock valued at $82,560,000 after buying an additional 37,677 shares during the last quarter. Westwood Holdings Group Inc. boosted its position in shares of Lithia Motors by 22.
9% during the 2nd quarter. Westwood Holdings Group Inc. now owns 70,405 shares of the company’s stock valued at $17,774,000 after acquiring an additional 13,126 shares during the last quarter.
Bridges Investment Management Inc. increased its position in Lithia Motors by 118.9% in the second quarter.
Bridges Investment Management Inc. now owns 160,860 shares of the company’s stock worth $40,609,000 after purchasing an additional 87,362 shares during the last quarter. Finally, Quantbot Technologies LP grew its stake in shares of Lithia Motors by 46.
1% in the 2nd quarter. Quantbot Technologies LP now owns 10,496 shares of the company’s stock worth $2,650,000 after buying an additional 3,313 shares in the last quarter. 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. Its Financing Operations segment provides financing to customers buying and leasing retail vehicles.
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