Lithia Motors, Inc. (NYSE:LAD) issued its quarterly earnings results on Wednesday. The company reported $1.86 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.87 by $0.01. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.22 billion. Lithia Motors had a return on equity of 22.67% and a net margin of 2.31%. The firm’s quarterly revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the company earned $1.74 EPS. Lithia Motors updated its FY17 guidance to $8.00-8.30 EPS.

Lithia Motors (NYSE:LAD) opened at 98.49 on Friday. The company’s 50-day moving average is $100.44 and its 200 day moving average is $91.93. The firm has a market cap of $2.48 billion, a P/E ratio of 13.14 and a beta of 1.71. Lithia Motors has a 12 month low of $68.70 and a 12 month high of $105.32.

Earnings History for Lithia Motors (NYSE:LAD)

The business also recently declared a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Friday, March 10th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, March 8th. This represents a $1.00 annualized dividend and a yield of 1.02%. Lithia Motors’s dividend payout ratio (DPR) is 13.33%.

LAD has been the topic of several research reports. Stephens set a $114.00 price target on shares of Lithia Motors and gave the stock a “buy” rating in a research report on Friday, October 21st. Zacks Investment Research upgraded shares of Lithia Motors from a “sell” rating to a “hold” rating in a research report on Wednesday, December 21st. Susquehanna Bancshares Inc initiated coverage on shares of Lithia Motors in a research report on Wednesday, February 1st. They set a “neutral” rating and a $104.00 price target on the stock. Finally, KeyCorp initiated coverage on shares of Lithia Motors in a research report on Wednesday, November 16th. They set an “overweight” rating on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $110.00.

In other news, Director Sidney B. Deboer sold 52,800 shares of Lithia Motors stock in a transaction on Friday, January 13th. The stock was sold at an average price of $101.56, for a total transaction of $5,362,368.00. Following the completion of the sale, the director now owns 56,477 shares of the company’s stock, valued at $5,735,804.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sidney B. Deboer sold 8,800 shares of Lithia Motors stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $104.50, for a total value of $919,600.00. Following the sale, the director now directly owns 30,077 shares of the company’s stock, valued at approximately $3,143,046.50. The disclosure for this sale can be found here. Insiders have sold 62,350 shares of company stock valued at $6,353,001 in the last three months. Insiders own 11.41% of the company’s stock.

Large investors have recently bought and sold shares of the company. Tyers Asset Management LLC purchased a new stake in Lithia Motors during the fourth quarter worth $103,000. Bank of Montreal Can increased its stake in Lithia Motors by 32.5% in the third quarter. Bank of Montreal Can now owns 1,118 shares of the company’s stock worth $107,000 after buying an additional 274 shares in the last quarter. Flinton Capital Management LLC purchased a new stake in Lithia Motors during the fourth quarter worth $125,000. Strs Ohio increased its stake in Lithia Motors by 180.0% in the third quarter. Strs Ohio now owns 1,400 shares of the company’s stock worth $133,000 after buying an additional 900 shares in the last quarter. Finally, Brighton Jones LLC purchased a new stake in Lithia Motors during the third quarter worth $202,000. 97.16% of the stock is owned by institutional investors.

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Lithia Motors Company Profile

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. Its Domestic segment consists of retail automotive franchises that sell new vehicles of Chrysler, General Motors and Ford.

5 Day Chart for NYSE:LAD

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