Lithia Motors (NYSE:LAD) had its target price boosted by stock analysts at Craig Hallum from $140.00 to $170.00 in a research note issued on Monday, The Fly reports. The firm presently has a “buy” rating on the stock. Craig Hallum’s target price would indicate a potential upside of 11.01% from the stock’s current price.
Several other research analysts have also commented on LAD. JPMorgan Chase & Co. increased their price target on shares of Lithia Motors from $111.00 to $120.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Guggenheim increased their price target on shares of Lithia Motors from $113.00 to $122.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. ValuEngine upgraded shares of Lithia Motors from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 2nd. Bank of America dropped their price target on shares of Lithia Motors from $140.00 to $136.00 and set an “underperform” rating on the stock in a research note on Tuesday, March 3rd. Finally, TheStreet upgraded shares of Lithia Motors from a “c” rating to a “b-” rating in a research note on Thursday, May 7th. Two analysts have rated the stock with a sell rating and seven have issued a buy rating to the company’s stock. Lithia Motors presently has a consensus rating of “Buy” and an average price target of $138.75.
Lithia Motors stock opened at $153.14 on Monday. The firm has a market cap of $3.26 billion, a PE ratio of 13.76, a P/E/G ratio of 7.76 and a beta of 1.61. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.17 and a current ratio of 1.20. The firm’s 50 day moving average price is $128.76 and its two-hundred day moving average price is $121.49. Lithia Motors has a twelve month low of $55.74 and a twelve month high of $165.26.
Lithia Motors (NYSE:LAD) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $2.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.03. Lithia Motors had a net margin of 2.07% and a return on equity of 19.10%. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same quarter in the prior year, the business earned $2.42 EPS. The company’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities analysts anticipate that Lithia Motors will post 8.47 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Lithia Motors by 1.0% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,677 shares of the company’s stock valued at $1,129,000 after purchasing an additional 74 shares during the period. Brinker Capital Inc. boosted its holdings in Lithia Motors by 2.4% in the 4th quarter. Brinker Capital Inc. now owns 8,291 shares of the company’s stock valued at $1,219,000 after purchasing an additional 194 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Lithia Motors by 1.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 18,031 shares of the company’s stock valued at $2,651,000 after purchasing an additional 221 shares during the period. CIBC World Markets Inc. boosted its holdings in Lithia Motors by 9.8% in the 4th quarter. CIBC World Markets Inc. now owns 2,490 shares of the company’s stock valued at $366,000 after purchasing an additional 223 shares during the period. Finally, Archer Investment Corp bought a new stake in Lithia Motors in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 99.00% of the company’s stock.
About Lithia Motors
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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