Media headlines about Lithia Motors (NYSE:LAD) have been trending somewhat positive on Friday, according to AlphaOne Sentiment. AlphaOne, a unit of Accern, identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lithia Motors earned a media sentiment score of 0.12 on AlphaOne’s scale. AlphaOne also assigned news articles about the company an impact score of 44 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have effected AlphaOne’s scoring:
- Lithia Motors, Inc. (LAD) Downgraded by Bank of America Corporation to Underperform (americanbankingnews.com)
- Mueller probe examining obstruction (ismboard.com)
- Lithia Motors, Inc. (LAD) Director Sells $490,000.00 in Stock (americanbankingnews.com)
- Bryan B. Deboer Sells 11,514 Shares of Lithia Motors, Inc. (LAD) Stock (americanbankingnews.com)
- Seaport Global Begins Coverage on Lithia Motors, Inc. (LAD) Setting A Rating Of “Neutral” – Highlight Press (highlightpress.com)
A number of equities research analysts recently commented on LAD shares. Jefferies Group LLC set a $115.00 price objective on Lithia Motors and gave the company a “buy” rating in a report on Thursday, March 16th. Zacks Investment Research upgraded Lithia Motors from a “hold” rating to a “buy” rating and set a $112.00 price objective for the company in a report on Wednesday, February 22nd. Seaport Global Securities started coverage on Lithia Motors in a report on Wednesday. They issued a “neutral” rating for the company. Morgan Stanley dropped their price objective on Lithia Motors from $115.00 to $106.00 and set an “overweight” rating for the company in a report on Friday, June 9th. Finally, Bank of America Corporation downgraded Lithia Motors from a “neutral” rating to an “underperform” rating and set a $92.00 price objective for the company. in a report on Friday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. Lithia Motors currently has a consensus rating of “Hold” and a consensus target price of $105.83.
Lithia Motors (LAD) traded down 8.67% during midday trading on Friday, reaching $88.57. The company had a trading volume of 772,965 shares. Lithia Motors has a 12-month low of $68.70 and a 12-month high of $105.32. The company has a market capitalization of $2.22 billion, a PE ratio of 10.82 and a beta of 1.65. The stock has a 50-day moving average price of $92.01 and a 200 day moving average price of $94.44.
Lithia Motors (NYSE:LAD) last posted its quarterly earnings data on Wednesday, April 19th. The company reported $1.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.01. Lithia Motors had a return on equity of 21.91% and a net margin of 2.32%. The firm had revenue of $2.24 billion during the quarter, compared to analyst estimates of $2.22 billion. During the same period last year, the company posted $1.55 EPS. The business’s quarterly revenue was up 12.8% on a year-over-year basis. Equities analysts forecast that Lithia Motors will post $8.29 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 26th. Stockholders of record on Friday, May 12th were given a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, May 10th. This is a positive change from Lithia Motors’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.22%. Lithia Motors’s dividend payout ratio (DPR) is 13.19%.
In other news, CEO Bryan B. Deboer sold 316 shares of Lithia Motors stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $97.19, for a total value of $30,712.04. Following the completion of the transaction, the chief executive officer now directly owns 113,867 shares of the company’s stock, valued at approximately $11,066,733.73. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Sidney B. Deboer sold 10,000 shares of Lithia Motors stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $95.88, for a total value of $958,800.00. Following the completion of the transaction, the director now directly owns 79,625 shares of the company’s stock, valued at $7,634,445. The disclosure for this sale can be found here. Over the last three months, insiders sold 86,300 shares of company stock valued at $8,311,241. Corporate insiders own 7.85% 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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