Lithia Motors Inc. (NYSE:LAD) shares traded up 2.2% during trading on Thursday . The stock traded as high as $73.96 and last traded at $73.56, with a volume of 128,388 shares. The stock had previously closed at $72.01.

Several research analysts have recently commented on the company. KeyCorp reiterated an “overweight” rating and issued a $122.00 price objective on shares of Lithia Motors in a report on Monday, April 25th. Jefferies Group assumed coverage on Lithia Motors in a report on Monday, April 11th. They issued a “buy” rating and a $105.00 price objective on the stock. Finally, Zacks Investment Research downgraded Lithia Motors from a “buy” rating to a “hold” rating in a report on Monday, April 25th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Lithia Motors presently has a consensus rating of “Buy” and an average target price of $118.43.

The stock has a 50 day moving average of $76.04 and a 200-day moving average of $83.90. The firm has a market cap of $1.97 billion and a P/E ratio of 11.12.

Lithia Motors (NYSE:LAD) last released its quarterly earnings data on Thursday, April 21st. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.54 by $0.01. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.96 billion. During the same period last year, the company earned $1.39 EPS. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. Equities analysts predict that Lithia Motors Inc. will post $7.58 EPS for the current fiscal year.

Several hedge funds and institutional investors recently added to or reduced their stakes in LAD. California State Teachers Retirement System increased its position in Lithia Motors by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 42,240 shares of the company’s stock valued at $4,506,000 after buying an additional 750 shares during the period. Tocqueville Asset Management L.P. increased its position in Lithia Motors by 96.0% in the fourth quarter. Tocqueville Asset Management L.P. now owns 9,800 shares of the company’s stock valued at $1,045,000 after buying an additional 4,800 shares during the period. Sei Investments Co. increased its position in Lithia Motors by 13.1% in the fourth quarter. Sei Investments Co. now owns 26,002 shares of the company’s stock valued at $2,773,000 after buying an additional 3,010 shares during the period. Rhumbline Advisers increased its position in Lithia Motors by 8.0% in the fourth quarter. Rhumbline Advisers now owns 32,527 shares of the company’s stock valued at $3,470,000 after buying an additional 2,397 shares during the period. Finally, California Public Employees Retirement System increased its position in Lithia Motors by 5.5% in the fourth quarter. California Public Employees Retirement System now owns 44,300 shares of the company’s stock valued at $4,725,000 after buying an additional 2,300 shares during the period.

Lithia Motors, Inc is an operator of automotive franchises and a retailer of new and used vehicles and services. The Company operates in three segments: Domestic, Import and Luxury. The Domestic segment consists of retail automotive franchises that sell new vehicles of Chrysler, General Motors and Ford.

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