Lithia Motors (NYSE:LAD – Get Free Report) released its earnings results on Wednesday. The company reported $8.21 EPS for the quarter, topping analysts’ consensus estimates of $7.60 by $0.61, Briefing.com reports. The company had revenue of $9.22 billion for the quarter, compared to analysts’ expectations of $9.46 billion. Lithia Motors had a return on equity of 13.84% and a net margin of 2.52%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business posted $9.25 EPS.
Lithia Motors Price Performance
LAD stock traded down $2.41 during mid-day trading on Friday, reaching $332.91. 325,155 shares of the company traded hands, compared to its average volume of 257,049. Lithia Motors has a 52-week low of $233.88 and a 52-week high of $341.84. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.19 and a quick ratio of 0.30. The company has a market capitalization of $9.12 billion, a P/E ratio of 9.83 and a beta of 1.64. The company has a fifty day moving average price of $299.06 and a 200-day moving average price of $274.82.
Lithia Motors Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 8th will be issued a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Friday, November 8th. Lithia Motors’s payout ratio is presently 6.26%.
Insider Transactions at Lithia Motors
Wall Street Analysts Forecast Growth
A number of research firms have recently commented on LAD. StockNews.com cut Lithia Motors from a “hold” rating to a “sell” rating in a research note on Tuesday, August 13th. Guggenheim boosted their price objective on Lithia Motors from $350.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday. The Goldman Sachs Group boosted their price objective on Lithia Motors from $300.00 to $335.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Wells Fargo & Company boosted their price objective on Lithia Motors from $299.00 to $343.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Citigroup boosted their price objective on Lithia Motors from $280.00 to $320.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Lithia Motors presently has an average rating of “Hold” and a consensus target price of $350.80.
Get Our Latest Stock Analysis on Lithia Motors
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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