Lithia Motors (NYSE:LAD - Get Free Report) had its price objective lifted by analysts at Wells Fargo & Company from $305.00 to $364.00 in a report released on Wednesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective would suggest a potential upside of 4.13% from the stock's current price.
Several other equities analysts have also weighed in on LAD. Guggenheim decreased their target price on shares of Lithia Motors from $417.00 to $356.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Citigroup upgraded shares of Lithia Motors from a "neutral" rating to a "buy" rating and decreased their target price for the company from $415.00 to $375.00 in a report on Wednesday, April 23rd. JPMorgan Chase & Co. decreased their target price on shares of Lithia Motors from $420.00 to $360.00 and set an "overweight" rating on the stock in a report on Thursday, March 27th. The Goldman Sachs Group began coverage on shares of Lithia Motors in a research note on Tuesday, June 3rd. They issued a "neutral" rating and a $340.00 price target on the stock. Finally, Bank of America boosted their price target on shares of Lithia Motors from $430.00 to $500.00 and gave the company a "buy" rating in a research note on Monday, June 16th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Lithia Motors has a consensus rating of "Moderate Buy" and a consensus price target of $385.00.
View Our Latest Analysis on Lithia Motors
Lithia Motors Stock Performance
LAD opened at $349.57 on Wednesday. The firm has a market capitalization of $9.10 billion, a PE ratio of 11.02, a PEG ratio of 0.56 and a beta of 1.46. Lithia Motors has a twelve month low of $243.04 and a twelve month high of $405.68. The firm's 50-day moving average price is $322.40 and its 200 day moving average price is $327.49. The company has a current ratio of 1.18, a quick ratio of 0.31 and a debt-to-equity ratio of 1.22.
Lithia Motors (NYSE:LAD - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $7.66 earnings per share for the quarter, missing the consensus estimate of $7.77 by ($0.11). The firm had revenue of $9.18 billion during the quarter, compared to analyst estimates of $9.19 billion. Lithia Motors had a net margin of 2.30% and a return on equity of 12.74%. The business's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $6.11 earnings per share. As a group, sell-side analysts expect that Lithia Motors will post 34.45 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director Shauna Mcintyre sold 337 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $295.94, for a total value of $99,731.78. Following the sale, the director directly owned 1,632 shares in the company, valued at approximately $482,974.08. This trade represents a 17.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.87% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Lithia Motors
Large investors have recently bought and sold shares of the business. Jones Financial Companies Lllp boosted its holdings in shares of Lithia Motors by 26.3% in the 4th quarter. Jones Financial Companies Lllp now owns 697 shares of the company's stock valued at $249,000 after buying an additional 145 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Lithia Motors during the 4th quarter worth $35,000. Proficio Capital Partners LLC purchased a new position in Lithia Motors during the 4th quarter worth $13,294,000. Raymond James Financial Inc. purchased a new position in Lithia Motors during the 4th quarter worth $13,306,000. Finally, PNC Financial Services Group Inc. grew its position in Lithia Motors by 2.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,257 shares of the company's stock worth $807,000 after purchasing an additional 51 shares during the last quarter.
Lithia Motors Company Profile
(
Get Free Report)
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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