Lithia Motors, Inc. (LAD) Stock Rating Reaffirmed by KeyCorp
KeyCorp reissued their buy rating on shares of Lithia Motors, Inc. (NYSE:LAD) in a research note issued to investors on Wednesday. The brokerage currently has a $130.00 price target on the stock, up from their previous price target of $119.00.
LAD has been the subject of a number of other research reports. Bank of America Corporation cut Lithia Motors from a neutral rating to an underperform rating and set a $92.00 price target for the company. in a report on Friday, June 16th. Morgan Stanley reaffirmed an overweight rating and issued a $116.00 price target (up previously from $106.00) on shares of Lithia Motors in a report on Wednesday, August 2nd. BidaskClub raised Lithia Motors from a sell rating to a hold rating in a report on Wednesday, July 5th. Zacks Investment Research raised Lithia Motors from a hold rating to a strong-buy rating and set a $121.00 price target for the company in a report on Wednesday, August 23rd. Finally, Jefferies Group LLC reaffirmed a buy rating and issued a $115.00 price target on shares of Lithia Motors in a report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Lithia Motors has an average rating of Buy and a consensus price target of $116.00.
Lithia Motors (LAD) traded up 0.38% on Wednesday, reaching $118.68. The company’s stock had a trading volume of 173,422 shares. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of 14.31 and a beta of 1.71. The firm’s 50 day moving average price is $111.55 and its 200-day moving average price is $97.60. Lithia Motors has a 1-year low of $75.85 and a 1-year high of $123.50.
Lithia Motors (NYSE:LAD) last released its quarterly earnings results on Friday, July 28th. The company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.05. The company had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.45 billion. Lithia Motors had a return on equity of 21.66% and a net margin of 2.26%. Lithia Motors’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.96 EPS. Equities analysts forecast that Lithia Motors will post $8.61 earnings per share for the current year.
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In other Lithia Motors news, Director Sidney B. Deboer sold 13,200 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $97.50, for a total transaction of $1,287,000.00. Following the completion of the sale, the director now directly owns 48,668 shares in the company, valued at approximately $4,745,130. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Sidney B. Deboer sold 81,444 shares of the business’s stock in a transaction that occurred on Thursday, July 13th. The stock was sold at an average price of $99.39, for a total value of $8,094,719.16. Following the sale, the director now owns 48,668 shares of the company’s stock, valued at $4,837,112.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 312,981 shares of company stock valued at $33,812,652. 7.85% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of LAD. First Trust Advisors LP increased its stake in Lithia Motors by 68.5% during the 1st quarter. First Trust Advisors LP now owns 20,379 shares of the company’s stock worth $1,745,000 after buying an additional 8,286 shares in the last quarter. US Bancorp DE increased its stake in Lithia Motors by 6.2% during the 1st quarter. US Bancorp DE now owns 2,994 shares of the company’s stock worth $256,000 after buying an additional 174 shares in the last quarter. Karp Capital Management Corp purchased a new stake in Lithia Motors during the 1st quarter worth approximately $622,000. Ameriprise Financial Inc. increased its stake in Lithia Motors by 10.0% during the 1st quarter. Ameriprise Financial Inc. now owns 181,644 shares of the company’s stock worth $15,558,000 after buying an additional 16,542 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Lithia Motors by 11.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 90,435 shares of the company’s stock worth $7,746,000 after buying an additional 9,293 shares in the last quarter. Institutional investors own 98.47% of the company’s stock.
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.
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