Lithia Motors (NYSE:LAD) announced its quarterly earnings data on Wednesday. The company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.15 by $0.29, MarketWatch Earnings reports. The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.86 billion. Lithia Motors had a return on equity of 20.82% and a net margin of 2.25%. The company’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.07 EPS.

LAD opened at $104.92 on Thursday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.25 and a current ratio of 1.20. Lithia Motors has a 1 year low of $67.90 and a 1 year high of $106.99. The company has a market cap of $2.26 billion, a P/E ratio of 10.51, a P/E/G ratio of 1.14 and a beta of 1.19.

Several equities analysts recently issued reports on LAD shares. TheStreet upgraded Lithia Motors from a “c+” rating to a “b-” rating in a research report on Tuesday, January 29th. Zacks Investment Research upgraded Lithia Motors from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research report on Tuesday, January 15th. Seaport Global Securities started coverage on Lithia Motors in a research report on Wednesday, February 13th. They set a “buy” rating and a $110.00 price target on the stock. Craig Hallum restated a “buy” rating and set a $125.00 price target (up from $103.00) on shares of Lithia Motors in a research report on Thursday. Finally, ValuEngine upgraded Lithia Motors from a “sell” rating to a “hold” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $111.75.

In other Lithia Motors news, Director Susan O. Cain sold 1,462 shares of the stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $87.15, for a total value of $127,413.30. Following the completion of the sale, the director now owns 10,849 shares in the company, valued at approximately $945,490.35. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Bryan B. Deboer sold 3,835 shares of the stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $90.00, for a total value of $345,150.00. Following the completion of the sale, the chief executive officer now owns 153,285 shares of the company’s stock, valued at approximately $13,795,650. The disclosure for this sale can be found here. 5.21% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Lithia Motors by 1.0% in the 4th quarter. BlackRock Inc. now owns 3,441,382 shares of the company’s stock worth $262,683,000 after buying an additional 33,078 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Lithia Motors by 17.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,323,683 shares of the company’s stock worth $101,036,000 after buying an additional 200,381 shares during the period. Boston Partners lifted its holdings in Lithia Motors by 6.0% in the 4th quarter. Boston Partners now owns 806,490 shares of the company’s stock worth $61,560,000 after buying an additional 45,728 shares during the period. Lakewood Capital Management LP lifted its holdings in Lithia Motors by 67.5% in the 4th quarter. Lakewood Capital Management LP now owns 769,169 shares of the company’s stock worth $58,711,000 after buying an additional 310,000 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Lithia Motors by 23.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 606,370 shares of the company’s stock worth $49,516,000 after buying an additional 114,014 shares during the period.

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Lithia Motors Company Profile

Lithia Motors, Inc operates automotive franchises, and retails new and used vehicles in the United States. The company operates in three segments: Domestic, Import, and Luxury. It sells new and used cars, replacement parts, vehicle service contracts, vehicle protection products, and credit insurance products; provides vehicle maintenance, warranty, paint, and repair services; and arranges related financing.

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Earnings History for Lithia Motors (NYSE:LAD)

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