KeyCorp Reiterates “Buy” Rating for Lithia Motors, Inc. (LAD)

Lithia Motors, Inc. (NYSE:LAD)‘s stock had its “buy” rating reaffirmed by research analysts at KeyCorp in a research report issued on Monday. They currently have a $130.00 price objective on the stock. KeyCorp’s price objective would suggest a potential upside of 14.24% from the stock’s previous close.

A number of other research firms also recently issued reports on LAD. Berenberg Bank assumed coverage on shares of Lithia Motors in a report on Wednesday, October 4th. They issued a “hold” rating and a $126.00 price objective for the company. Zacks Investment Research downgraded shares of Lithia Motors from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 10th. Morgan Stanley reissued an “overweight” rating and issued a $116.00 price objective (up previously from $106.00) on shares of Lithia Motors in a report on Wednesday, August 2nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $125.00 price target on shares of Lithia Motors in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $116.29.

Shares of Lithia Motors (LAD) opened at $113.80 on Monday. The company has a quick ratio of 0.26, a current ratio of 1.21 and a debt-to-equity ratio of 0.96. The stock has a market cap of $2,821.00, a PE ratio of 13.95, a price-to-earnings-growth ratio of 0.96 and a beta of 1.72. Lithia Motors has a twelve month low of $80.88 and a twelve month high of $123.50.

Lithia Motors (NYSE:LAD) last posted its quarterly earnings data on Wednesday, October 25th. The company reported $2.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.37 by ($0.19). The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.62 billion. Lithia Motors had a net margin of 2.14% and a return on equity of 21.02%. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.06 EPS. equities research analysts expect that Lithia Motors will post 8.33 earnings per share for the current fiscal year.

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In other news, Director Sidney B. Deboer sold 65,711 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $121.77, for a total transaction of $8,001,628.47. Following the completion of the sale, the director now owns 1,421 shares of the company’s stock, valued at approximately $173,035.17. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Bryan B. Deboer sold 20,820 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $104.13, for a total transaction of $2,167,986.60. Following the sale, the chief executive officer now directly owns 101,004 shares of the company’s stock, valued at approximately $10,517,546.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 145,581 shares of company stock valued at $16,905,722. 7.85% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in LAD. FMR LLC increased its position in Lithia Motors by 24.2% during the 1st quarter. FMR LLC now owns 243,698 shares of the company’s stock worth $20,873,000 after purchasing an additional 47,459 shares in the last quarter. Teachers Advisors LLC increased its position in Lithia Motors by 4.5% during the 1st quarter. Teachers Advisors LLC now owns 41,749 shares of the company’s stock worth $3,576,000 after purchasing an additional 1,782 shares in the last quarter. Vanguard Group Inc. increased its position in Lithia Motors by 5.6% during the 1st quarter. Vanguard Group Inc. now owns 2,040,301 shares of the company’s stock worth $174,751,000 after purchasing an additional 107,578 shares in the last quarter. Geode Capital Management LLC increased its position in Lithia Motors by 5.2% during the 1st quarter. Geode Capital Management LLC now owns 177,318 shares of the company’s stock worth $15,187,000 after purchasing an additional 8,752 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Lithia Motors during the 1st quarter worth approximately $292,000. Institutional investors and hedge funds own 98.47% 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.

Analyst Recommendations for Lithia Motors (NYSE:LAD)

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