Lithia Motors Inc (NYSE:LAD) Expected to Announce Quarterly Sales of $3.21 Billion

Wall Street analysts predict that Lithia Motors Inc (NYSE:LAD) will report $3.21 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Lithia Motors’ earnings, with the highest sales estimate coming in at $3.27 billion and the lowest estimate coming in at $3.16 billion. Lithia Motors posted sales of $2.97 billion during the same quarter last year, which suggests a positive year over year growth rate of 8.1%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, February 12th.

According to Zacks, analysts expect that Lithia Motors will report full year sales of $12.59 billion for the current financial year, with estimates ranging from $12.53 billion to $12.67 billion. For the next year, analysts expect that the company will post sales of $13.14 billion, with estimates ranging from $12.86 billion to $13.38 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Lithia Motors.

Lithia Motors (NYSE:LAD) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $3.39 earnings per share for the quarter, topping analysts’ consensus estimates of $3.09 by $0.30. Lithia Motors had a return on equity of 20.95% and a net margin of 2.13%. The company had revenue of $3.33 billion during the quarter, compared to analysts’ expectations of $3.25 billion. During the same period last year, the firm earned $2.83 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis.

A number of research firms have weighed in on LAD. Guggenheim increased their price objective on Lithia Motors from $147.00 to $171.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. ValuEngine raised Lithia Motors from a “sell” rating to a “hold” rating in a research report on Friday, October 25th. Morgan Stanley increased their price objective on Lithia Motors from $151.00 to $188.00 and gave the stock an “overweight” rating in a research report on Thursday. Bank of America downgraded Lithia Motors from a “neutral” rating to an “underperform” rating in a research note on Friday, September 13th. Finally, Craig Hallum increased their target price on Lithia Motors from $145.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Lithia Motors presently has a consensus rating of “Buy” and a consensus price target of $139.00.

In other news, Director Kenneth E. Roberts sold 5,000 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $131.27, for a total transaction of $656,350.00. Following the completion of the transaction, the director now directly owns 104,203 shares of the company’s stock, valued at approximately $13,678,727.81. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Sidney B. Deboer sold 15,000 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $152.00, for a total value of $2,280,000.00. Following the transaction, the director now directly owns 19,614 shares of the company’s stock, valued at $2,981,328. The disclosure for this sale can be found here. Over the last three months, insiders have sold 114,739 shares of company stock valued at $17,535,233. Company insiders own 5.21% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. FMR LLC increased its stake in Lithia Motors by 6,081.4% in the 1st quarter. FMR LLC now owns 205,098 shares of the company’s stock valued at $19,022,000 after purchasing an additional 201,780 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Lithia Motors in the 2nd quarter valued at approximately $481,000. Campbell & CO Investment Adviser LLC increased its stake in Lithia Motors by 105.0% in the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 8,011 shares of the company’s stock valued at $952,000 after purchasing an additional 4,103 shares in the last quarter. 6 Meridian increased its stake in Lithia Motors by 1.0% in the 2nd quarter. 6 Meridian now owns 10,481 shares of the company’s stock valued at $1,245,000 after purchasing an additional 106 shares in the last quarter. Finally, First Hawaiian Bank increased its stake in Lithia Motors by 130.4% in the 2nd quarter. First Hawaiian Bank now owns 1,961 shares of the company’s stock valued at $233,000 after purchasing an additional 1,110 shares in the last quarter.

Lithia Motors stock traded down $0.32 during mid-day trading on Thursday, reaching $160.86. 186,822 shares of the company were exchanged, compared to its average volume of 287,644. Lithia Motors has a twelve month low of $67.90 and a twelve month high of $165.26. The firm’s 50-day simple moving average is $142.02 and its two-hundred day simple moving average is $127.47. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.22 and a current ratio of 1.18. The firm has a market cap of $3.75 billion, a PE ratio of 16.12, a price-to-earnings-growth ratio of 1.50 and a beta of 1.12.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Thursday, November 7th. Lithia Motors’s dividend payout ratio (DPR) is 12.02%.

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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