Lithia Motors (LAD) Issues FY13 Earnings Guidance
Lithia Motors (LAD) issued an update on its FY13 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $3.25-3.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.26. The company issued revenue guidance of $3.7-3.8 billion, compared to the consensus revenue estimate of $3.65 billion.Lithia Motors also updated its Q1 guidance to $0.69-0.71 EPS.
Lithia Motors (LAD) opened at 43.64 on Wednesday. Lithia Motors (LAD) has a 1-year low of $21.45 and a 1-year high of $44.80. The stock’s 50-day moving average is currently $41.47. The company has a market cap of $1.115 billion and a price-to-earnings ratio of 14.48.
Lithia Motors last issued its quarterly earnings data on Wednesday, February 20th. The company reported $0.74 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.66 by $0.08. The company had revenue of $877.37 million for the quarter, compared to the consensus estimate of $824.92 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 26.2% on a year-over-year basis. Lithia Motors has set its Q1 guidance at $0.69-0.71 EPS and its FY13 guidance at $3.25-3.35 EPS. On average, analysts predict that Lithia Motors (LAD) will post $2.92 earnings per share for the current fiscal year.
LAD has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Lithia Motors from a neutral rating to an outperform rating in a research note to investors on Thursday, January 24th. They now have a $44.10 price target on the stock. On a related note, analysts at KeyBanc reiterated a buy rating on shares of Lithia Motors in a research note to investors on Wednesday, January 23rd. They now have a $46.00 price target on the stock, up previously from $41.00.
Seven analysts have rated the stock with a buy rating, and two have issued a hold rating to the stock. Lithia Motors presently has an average rating of buy and an average target price of $45.43.
Lithia Motors, Inc. is an operator of automotive franchises, and a retailer of new and used vehicles and services.
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