According to Zacks, analysts expect that Lithia Motors will report full-year sales of $2.41 billion for the current year, with estimates ranging from $9.39 billion to $10.18 billion. For the next year, analysts expect that the firm will post sales of $10.05 billion per share, with estimates ranging from $9.75 billion to $10.84 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Lithia Motors.
Equities analysts expect Lithia Motors Inc (NYSE:LAD) to report $2.41 billion in sales for the current quarter, according to Zacks. Three analysts have made estimates for Lithia Motors’ earnings. The lowest sales estimate is $2.34 billion and the highest is $2.54 billion. Lithia Motors reported sales of $2.13 billion in the same quarter last year, which would suggest a positive year over year growth rate of 13.1%. The firm is scheduled to issue its next quarterly earnings results on Thursday, July 27th.
Lithia Motors (NYSE:LAD) last released its quarterly earnings data on Wednesday, April 19th. The company reported $1.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.01. Lithia Motors had a net margin of 2.31% and a return on equity of 22.67%. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter last year, the company earned $1.55 EPS. The company’s revenue for the quarter was up 12.8% compared to the same quarter last year. Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Lithia Motors from a “hold” rating to a “buy” rating and set a $112.00 target price for the company in a research note on Wednesday, February 22nd. Susquehanna Bancshares Inc started coverage on shares of Lithia Motors in a research note on Wednesday, February 1st. They set a “neutral” rating and a $104.00 price objective on the stock. Finally, Jefferies Group LLC set a $115.00 price objective on shares of Lithia Motors and gave the company a “buy” rating in a research note on Thursday, March 16th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $109.25.
In other news, Director Susan O. Cain sold 1,182 shares of Lithia Motors stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $101.82, for a total value of $120,351.24. Following the transaction, the director now owns 12,824 shares of the company’s stock, valued at approximately $1,305,739.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan O. Cain sold 2,317 shares of Lithia Motors stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $92.49, for a total transaction of $214,299.33. Following the completion of the transaction, the director now directly owns 12,242 shares in the company, valued at approximately $1,132,262.58. The disclosure for this sale can be found here. In the last three months, insiders have sold 64,080 shares of company stock worth $6,172,356. 11.41% of the stock is owned by corporate insiders. Several hedge funds have recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in Lithia Motors during the third quarter valued at approximately $202,000. Rothschild Asset Management Inc. boosted its stake in Lithia Motors by 5.6% in the third quarter. Rothschild Asset Management Inc. now owns 179,967 shares of the company’s stock valued at $17,190,000 after buying an additional 9,620 shares in the last quarter. Channing Capital Management LLC raised its position in shares of Lithia Motors by 3.0% in the third quarter. Channing Capital Management LLC now owns 467,998 shares of the company’s stock valued at $44,703,000 after buying an additional 13,445 shares during the last quarter. Punch & Associates Investment Management Inc. raised its position in shares of Lithia Motors by 0.7% in the third quarter. Punch & Associates Investment Management Inc. now owns 93,200 shares of the company’s stock valued at $8,902,000 after buying an additional 645 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in shares of Lithia Motors by 114.4% in the third quarter. UBS Asset Management Americas Inc. now owns 24,868 shares of the company’s stock valued at $2,375,000 after buying an additional 13,269 shares during the last quarter. Institutional investors and hedge funds own 97.16% of the company’s stock.
Lithia Motors (NYSE:LAD) traded up 0.51% during trading on Wednesday, reaching $91.46. 220,775 shares of the company’s stock traded hands. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 11.17 and a beta of 1.71. The firm’s 50 day moving average is $88.70 and its 200-day moving average is $93.36. Lithia Motors has a 12 month low of $68.70 and a 12 month high of $105.32. The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Friday, May 12th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Wednesday, May 10th. This is a boost from Lithia Motors’s previous quarterly dividend of $0.25. Lithia Motors’s dividend payout ratio (DPR) is 13.33%.
Lithia Motors Company Profile 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.
Get a free copy of the Zacks research report on Lithia Motors (LAD) For more information about research offerings from Zacks Investment Research, visit Zacks.com