Lithia Motors, Inc. (NYSE:LAD – Free Report) – Analysts at Zacks Research lifted their FY2027 EPS estimates for Lithia Motors in a research report issued on Thursday, March 27th. Zacks Research analyst R. Department now anticipates that the company will post earnings of $45.22 per share for the year, up from their prior estimate of $43.24. The consensus estimate for Lithia Motors’ current full-year earnings is $34.45 per share.
A number of other equities research analysts have also issued reports on LAD. Benchmark reissued a “buy” rating and issued a $400.00 target price on shares of Lithia Motors in a research report on Thursday, February 20th. JPMorgan Chase & Co. dropped their price objective on Lithia Motors from $420.00 to $360.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Wells Fargo & Company increased their price objective on Lithia Motors from $346.00 to $397.00 and gave the company an “equal weight” rating in a report on Thursday, February 13th. StockNews.com upgraded shares of Lithia Motors from a “sell” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Evercore ISI lifted their price objective on shares of Lithia Motors from $400.00 to $440.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $365.91.
Lithia Motors Stock Up 0.9 %
LAD stock opened at $296.04 on Monday. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.19 and a quick ratio of 0.28. The stock has a market capitalization of $7.78 billion, a P/E ratio of 9.97, a P/E/G ratio of 4.65 and a beta of 1.69. Lithia Motors has a fifty-two week low of $243.00 and a fifty-two week high of $405.68. The business has a 50-day moving average of $337.86 and a 200-day moving average of $343.60.
Lithia Motors (NYSE:LAD – Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $7.79 EPS for the quarter, beating the consensus estimate of $7.33 by $0.46. Lithia Motors had a net margin of 2.21% and a return on equity of 12.43%.
Lithia Motors Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Friday, March 7th were given a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 0.72%. The ex-dividend date was Friday, March 7th. Lithia Motors’s payout ratio is 7.14%.
Insider Transactions at Lithia Motors
In other Lithia Motors news, Director Shauna Mcintyre sold 248 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $290.84, for a total transaction of $72,128.32. Following the transaction, the director now owns 1,297 shares in the company, valued at $377,219.48. This trade represents a 16.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Adam Chamberlain sold 403 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $384.28, for a total transaction of $154,864.84. Following the completion of the sale, the chief operating officer now directly owns 2,605 shares of the company’s stock, valued at approximately $1,001,049.40. The trade was a 13.40 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,246 shares of company stock worth $433,724. Company insiders own 0.87% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Vident Advisory LLC grew its position in Lithia Motors by 4.3% during the fourth quarter. Vident Advisory LLC now owns 780 shares of the company’s stock worth $279,000 after buying an additional 32 shares in the last quarter. V Square Quantitative Management LLC grew its holdings in shares of Lithia Motors by 33.9% during the 4th quarter. V Square Quantitative Management LLC now owns 146 shares of the company’s stock worth $52,000 after purchasing an additional 37 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of Lithia Motors by 5.6% during the 4th quarter. Benjamin Edwards Inc. now owns 700 shares of the company’s stock worth $250,000 after purchasing an additional 37 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Lithia Motors by 30.5% in the fourth quarter. GAMMA Investing LLC now owns 167 shares of the company’s stock worth $60,000 after purchasing an additional 39 shares during the period. Finally, CIBC Asset Management Inc raised its stake in Lithia Motors by 5.1% in the fourth quarter. CIBC Asset Management Inc now owns 863 shares of the company’s stock valued at $308,000 after purchasing an additional 42 shares in the last quarter.
Lithia Motors Company Profile
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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