Brokerages Anticipate Lithia Motors Inc (NYSE:LAD) to Announce $2.91 Earnings Per Share

Equities analysts expect Lithia Motors Inc (NYSE:LAD) to announce $2.91 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Lithia Motors’ earnings, with the lowest EPS estimate coming in at $2.62 and the highest estimate coming in at $3.22. Lithia Motors reported earnings of $2.52 per share during the same quarter last year, which would indicate a positive year over year growth rate of 15.5%. The firm is expected to announce its next quarterly earnings results on Wednesday, July 24th.

On average, analysts expect that Lithia Motors will report full year earnings of $11.15 per share for the current financial year, with EPS estimates ranging from $10.71 to $11.76. For the next year, analysts expect that the company will report earnings of $11.72 per share, with EPS estimates ranging from $11.00 to $12.75. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Lithia Motors.

Lithia Motors (NYSE:LAD) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.15 by $0.29. The firm had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Lithia Motors had a net margin of 2.25% and a return on equity of 20.68%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.07 earnings per share.

LAD has been the subject of a number of research reports. Buckingham Research lifted their price objective on shares of Lithia Motors from $106.00 to $120.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Zacks Investment Research downgraded shares of Lithia Motors from a “hold” rating to a “sell” rating in a report on Tuesday, April 2nd. Stephens upgraded shares of Lithia Motors from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $106.00 to $132.00 in a report on Thursday, April 25th. ValuEngine upgraded shares of Lithia Motors from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, Morgan Stanley lifted their price target on shares of Lithia Motors from $117.00 to $128.00 and gave the stock an “overweight” rating in a report on Monday, May 6th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $118.78.

In related news, Director Sidney B. Deboer sold 15,433 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $114.00, for a total value of $1,759,362.00. Following the completion of the sale, the director now directly owns 11,144 shares in the company, valued at $1,270,416. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 5.21% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Harfst & Associates Inc. grew its holdings in Lithia Motors by 3.4% in the first quarter. Harfst & Associates Inc. now owns 4,173 shares of the company’s stock valued at $387,000 after purchasing an additional 138 shares during the period. Texas Permanent School Fund grew its holdings in Lithia Motors by 1.0% in the fourth quarter. Texas Permanent School Fund now owns 14,743 shares of the company’s stock valued at $1,125,000 after purchasing an additional 142 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Lithia Motors by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 8,726 shares of the company’s stock valued at $809,000 after purchasing an additional 158 shares during the period. Mason Street Advisors LLC grew its holdings in Lithia Motors by 2.6% in the first quarter. Mason Street Advisors LLC now owns 7,177 shares of the company’s stock valued at $666,000 after purchasing an additional 181 shares during the period. Finally, Versant Capital Management Inc grew its holdings in Lithia Motors by 100.5% in the first quarter. Versant Capital Management Inc now owns 393 shares of the company’s stock valued at $36,000 after purchasing an additional 197 shares during the period.

Shares of LAD stock opened at $118.78 on Friday. The company has a quick ratio of 0.23, a current ratio of 1.17 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $2.77 billion, a PE ratio of 11.90, a P/E/G ratio of 1.52 and a beta of 1.18. The company has a 50 day simple moving average of $116.42. Lithia Motors has a fifty-two week low of $67.90 and a fifty-two week high of $121.96.

Lithia Motors Company Profile

Lithia Motors, Inc operates automotive franchises, and retails new and used vehicles in the United States. The company operates in three segments: Domestic, Import, and Luxury. It sells new and used cars, replacement parts, vehicle service contracts, vehicle protection products, and credit insurance products; provides vehicle maintenance, warranty, paint, and repair services; and arranges related financing.

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Earnings History and Estimates for Lithia Motors (NYSE:LAD)

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