Lithia Motors (LAD) PT Raised to $108.00

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Lithia Motors (NYSE:LAD) had its target price increased by equities researchers at Morgan Stanley from $107.00 to $108.00 in a research report issued on Wednesday. The firm currently has a “buy” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 32.35% from the company’s current price.

A number of other research firms have also weighed in on LAD. Stephens lowered Lithia Motors from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 25th. Buckingham Research set a $106.00 price target on Lithia Motors and gave the stock a “buy” rating in a research note on Thursday, October 25th. Craig Hallum set a $103.00 price target on Lithia Motors and gave the stock a “buy” rating in a research note on Thursday, October 25th. ValuEngine raised Lithia Motors from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 24th. Finally, TheStreet lowered Lithia Motors from a “b-” rating to a “c+” rating in a research note on Friday, September 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Lithia Motors has an average rating of “Buy” and a consensus target price of $102.00.

Shares of NYSE:LAD traded down $1.82 during trading on Wednesday, reaching $81.60. 2,600 shares of the company traded hands, compared to its average volume of 497,594. The firm has a market cap of $1.96 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 0.75 and a beta of 1.38. Lithia Motors has a 52-week low of $72.85 and a 52-week high of $127.99. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.23 and a current ratio of 1.20.

Lithia Motors (NYSE:LAD) last released its quarterly earnings data on Wednesday, October 24th. The company reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.30. The firm had revenue of $3.09 billion during the quarter, compared to analyst estimates of $3.17 billion. Lithia Motors had a return on equity of 20.75% and a net margin of 2.56%. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.18 earnings per share. Research analysts predict that Lithia Motors will post 9.6 EPS for the current year.

Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in Lithia Motors by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,032,044 shares of the company’s stock worth $97,602,000 after acquiring an additional 43,537 shares during the period. Brown Advisory Inc. lifted its position in Lithia Motors by 57.9% during the second quarter. Brown Advisory Inc. now owns 12,579 shares of the company’s stock valued at $1,190,000 after buying an additional 4,614 shares during the period. Legal & General Group Plc lifted its position in Lithia Motors by 4.9% during the second quarter. Legal & General Group Plc now owns 59,381 shares of the company’s stock valued at $5,647,000 after buying an additional 2,797 shares during the period. Sei Investments Co. lifted its position in Lithia Motors by 3.6% during the second quarter. Sei Investments Co. now owns 47,216 shares of the company’s stock valued at $4,465,000 after buying an additional 1,653 shares during the period. Finally, DF Dent & Co. Inc. lifted its position in Lithia Motors by 24.4% during the second quarter. DF Dent & Co. Inc. now owns 12,602 shares of the company’s stock valued at $1,192,000 after buying an additional 2,468 shares during the period.

About Lithia Motors

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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Analyst Recommendations for Lithia Motors (NYSE:LAD)

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