Lithia Motors, Inc. (NYSE:LAD) Rating Reiterated by Jefferies Group LLC

Jefferies Group LLC restated their buy rating on shares of Lithia Motors, Inc. (NYSE:LAD) in a research note issued to investors on Thursday, August 3rd. The brokerage currently has a $125.00 price target on the stock. Jefferies Group also issued estimates for Lithia Motors’ Q3 2017 earnings at $2.36 EPS, Q4 2017 earnings at $2.08 EPS, FY2017 earnings at $8.50 EPS, Q1 2018 earnings at $2.06 EPS, Q3 2018 earnings at $2.57 EPS, Q4 2018 earnings at $2.25 EPS and FY2018 earnings at $9.45 EPS.

A number of other analysts have also issued reports on the stock. Morgan Stanley reiterated an overweight rating and set a $116.00 price objective (up previously from $106.00) on shares of Lithia Motors in a research note on Wednesday, August 2nd. BidaskClub upgraded shares of Lithia Motors from a sell rating to a hold rating in a research note on Wednesday, July 5th. Bank of America Corporation lowered shares of Lithia Motors from a neutral rating to an underperform rating and set a $92.00 price target for the company. in a research note on Friday, June 16th. Seaport Global Securities initiated coverage on shares of Lithia Motors in a research note on Wednesday, June 14th. They issued a neutral rating for the company. Finally, Zacks Investment Research downgraded shares of Lithia Motors from a buy rating to a hold rating in a report on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $109.17.

Shares of Lithia Motors (NYSE:LAD) traded up 0.50% during mid-day trading on Thursday, hitting $103.79. 234,100 shares of the stock traded hands. The company has a market cap of $2.60 billion, a P/E ratio of 12.51 and a beta of 1.73. The firm has a 50 day moving average of $97.87 and a 200 day moving average of $94.06. Lithia Motors has a 12 month low of $75.85 and a 12 month high of $109.42.

Lithia Motors (NYSE:LAD) last posted its quarterly earnings results on Friday, July 28th. The company reported $2.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.23 by $0.05. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.45 billion. Lithia Motors had a net margin of 2.26% and a return on equity of 21.66%. Lithia Motors’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.96 earnings per share. Equities analysts anticipate that Lithia Motors will post $8.54 EPS for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Friday, August 11th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.04%. The ex-dividend date is Wednesday, August 9th. Lithia Motors’s dividend payout ratio (DPR) is presently 13.01%.

In other Lithia Motors news, CEO Bryan B. Deboer sold 7,466 shares of Lithia Motors stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $95.00, for a total transaction of $709,270.00. Following the transaction, the chief executive officer now owns 114,183 shares of the company’s stock, valued at approximately $10,847,385. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sidney B. Deboer sold 81,444 shares of Lithia Motors stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $99.39, for a total value of $8,094,719.16. Following the transaction, the director now directly owns 48,668 shares in the company, valued at approximately $4,837,112.52. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 209,296 shares of company stock worth $20,951,694. Corporate insiders own 7.85% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. D.A. Davidson & CO. boosted its stake in shares of Lithia Motors by 7.3% in the second quarter. D.A. Davidson & CO. now owns 1,104 shares of the company’s stock valued at $104,000 after buying an additional 75 shares during the last quarter. Tyers Asset Management LLC boosted its stake in shares of Lithia Motors by 21.1% in the first quarter. Tyers Asset Management LLC now owns 1,288 shares of the company’s stock valued at $110,000 after buying an additional 224 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Lithia Motors by 9.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,198 shares of the company’s stock valued at $113,000 after buying an additional 105 shares during the last quarter. Flinton Capital Management LLC boosted its stake in shares of Lithia Motors by 21.1% in the first quarter. Flinton Capital Management LLC now owns 1,564 shares of the company’s stock valued at $134,000 after buying an additional 272 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Lithia Motors by 10.0% in the first quarter. Public Employees Retirement System of Ohio now owns 1,602 shares of the company’s stock valued at $137,000 after buying an additional 146 shares during the last quarter. 97.34% of the stock is owned by institutional investors and hedge funds.

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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