Lithia Motors, Inc. (NYSE:LAD) issued its earnings results on Wednesday. The company reported $1.86 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.87 by $0.01. Lithia Motors had a net margin of 2.31% and a return on equity of 22.67%. The firm earned $2.30 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same quarter last year, the business posted $1.74 earnings per share. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. Lithia Motors updated its FY17 guidance to $8.00-8.30 EPS.
Shares of Lithia Motors (NYSE:LAD) opened at 101.80 on Wednesday. The firm has a market cap of $2.56 billion, a PE ratio of 13.58 and a beta of 1.71. The firm has a 50-day moving average of $100.23 and a 200 day moving average of $91.80. Lithia Motors has a 52 week low of $68.70 and a 52 week high of $105.32.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Lithia Motors from a “hold” rating to a “sell” rating in a research note on Tuesday, December 13th. Stephens set a $114.00 target price on shares of Lithia Motors and gave the company a “buy” rating in a research note on Friday, October 21st. KeyCorp assumed coverage on shares of Lithia Motors in a research note on Wednesday, November 16th. They issued an “overweight” rating for the company. Finally, Susquehanna Bancshares Inc assumed coverage on shares of Lithia Motors in a research note on Wednesday, February 1st. They issued a “neutral” rating and a $104.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $110.00.
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In related news, Director Susan O. Cain sold 750 shares of the business’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $94.71, for a total transaction of $71,032.50. Following the transaction, the director now directly owns 14,141 shares in the company, valued at $1,339,294.11. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sidney B. Deboer sold 52,800 shares of the business’s stock in a transaction dated Friday, January 13th. The stock was sold at an average price of $101.56, for a total transaction of $5,362,368.00. Following the transaction, the director now owns 56,477 shares in the company, valued at $5,735,804.12. The disclosure for this sale can be found here. Insiders have sold 62,350 shares of company stock valued at $6,353,001 over the last quarter. Corporate insiders own 11.41% 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 services. The Company operates in three segments: Domestic, Import and Luxury. Its Domestic segment consists of retail automotive franchises that sell new vehicles of Chrysler, General Motors and Ford.
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