Media stories about Lithia Motors (NYSE:LAD) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Lithia Motors earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave media headlines about the company an impact score of 48.0436405225935 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern’s rankings:
- Lithia Motors Inc (LAD) Chaikin Money Flow in Positive Territory – Evergreen Caller (evergreencaller.com)
- Thomson Horstmann & Bryant Inc. Reduces Stake in Lithia Motors, Inc. (NYSE:LAD) – ExpressNewsline (expressnewsline.com)
- Boom or Bust? Is there any value in Intercept Pharmaceuticals, Inc. (NASDAQ:ICPT) or Lithia Motors, Inc. (NYSE:LAD)? – FLBC News (flbcnews.com)
- Lithia Motors Inc (LAD)’s STC Running Higher in Consecutive Sessions – Evergreen Caller (evergreencaller.com)
- Active Stocks on Watch: Lithia Motors Inc (LAD) and Franklin Limited Duration Income Trust (FTF) – Evergreen Caller (evergreencaller.com)
Several brokerages have issued reports on LAD. Bank of America Corporation downgraded shares of Lithia Motors from a “neutral” rating to an “underperform” rating and set a $92.00 target price on the stock. in a research note on Friday, June 16th. Morgan Stanley reissued an “overweight” rating and set a $116.00 target price (up from $106.00) on shares of Lithia Motors in a research note on Wednesday, August 2nd. Zacks Investment Research raised shares of Lithia Motors from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a research note on Tuesday, April 25th. BidaskClub upgraded shares of Lithia Motors from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Jefferies Group LLC restated a “buy” rating and set a $115.00 price target on shares of Lithia Motors in a report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $109.17.
Shares of Lithia Motors (NYSE:LAD) opened at 102.76 on Friday. Lithia Motors has a one year low of $75.85 and a one year high of $109.42. The company has a market capitalization of $2.57 billion, a PE ratio of 12.39 and a beta of 1.73. The company has a 50-day moving average of $99.60 and a 200-day moving average of $94.11.
Lithia Motors (NYSE:LAD) last released its quarterly earnings data on Friday, July 28th. The company reported $2.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.23 by $0.05. Lithia Motors had a net margin of 2.26% and a return on equity of 21.66%. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter in the prior year, the company posted $1.96 earnings per share. The business’s revenue was up 15.6% on a year-over-year basis. On average, analysts anticipate that Lithia Motors will post $8.62 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 11th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.05%. Lithia Motors’s dividend payout ratio is currently 13.01%.
In other Lithia Motors news, CEO Bryan B. Deboer sold 316 shares of the stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $97.19, for a total transaction of $30,712.04. Following the completion of the transaction, the chief executive officer now owns 113,867 shares in the company, valued at $11,066,733.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan O. Cain sold 1,000 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $105.64, for a total transaction of $105,640.00. Following the transaction, the director now owns 12,242 shares of the company’s stock, valued at approximately $1,293,244.88. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 209,296 shares of company stock valued at $20,951,694. 7.85% of the stock is owned by company insiders.
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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