$2.90 Billion in Sales Expected for Lithia Motors Inc (LAD) This Quarter

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Equities analysts expect Lithia Motors Inc (NYSE:LAD) to announce sales of $2.90 billion for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Lithia Motors’ earnings, with the lowest sales estimate coming in at $2.82 billion and the highest estimate coming in at $2.94 billion. Lithia Motors reported sales of $2.66 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 9%. The business is scheduled to announce its next earnings report on Wednesday, April 24th.

According to Zacks, analysts expect that Lithia Motors will report full-year sales of $12.34 billion for the current year, with estimates ranging from $11.99 billion to $12.94 billion. For the next year, analysts expect that the business will report sales of $12.74 billion, with estimates ranging from $12.05 billion to $14.12 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Lithia Motors.

Lithia Motors (NYSE:LAD) last issued its quarterly earnings results on Wednesday, February 13th. The company reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.12. The company had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.01 billion. Lithia Motors had a return on equity of 20.82% and a net margin of 2.25%. Lithia Motors’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.15 earnings per share.

A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded Lithia Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 6th. Seaport Global Securities assumed coverage on Lithia Motors in a research report on Wednesday, February 13th. They set a “buy” rating and a $110.00 price target on the stock. JPMorgan Chase & Co. assumed coverage on Lithia Motors in a research report on Tuesday, February 19th. They set an “overweight” rating and a $112.00 price target on the stock. ValuEngine upgraded Lithia Motors from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 19th. Finally, TheStreet upgraded Lithia Motors from a “c+” rating to a “b-” rating in a research report on Tuesday, January 29th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. Lithia Motors presently has a consensus rating of “Buy” and an average price target of $106.29.

In other Lithia Motors news, CEO Bryan B. Deboer sold 3,835 shares of the stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $90.00, for a total transaction of $345,150.00. Following the completion of the transaction, the chief executive officer now owns 153,285 shares of the company’s stock, valued at $13,795,650. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan O. Cain sold 1,462 shares of the stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $87.15, for a total value of $127,413.30. Following the transaction, the director now directly owns 10,849 shares of the company’s stock, valued at approximately $945,490.35. The disclosure for this sale can be found here. 6.18% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. Quattro Financial Advisors LLC acquired a new position in shares of Lithia Motors during the fourth quarter valued at approximately $85,000. Bank of Montreal Can raised its holdings in shares of Lithia Motors by 65.8% during the fourth quarter. Bank of Montreal Can now owns 1,096 shares of the company’s stock valued at $84,000 after acquiring an additional 435 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Lithia Motors by 14.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,822 shares of the company’s stock valued at $139,000 after acquiring an additional 230 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Lithia Motors by 16.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 2,221 shares of the company’s stock valued at $170,000 after acquiring an additional 309 shares during the last quarter. Finally, MML Investors Services LLC acquired a new position in shares of Lithia Motors during the third quarter valued at approximately $231,000.

LAD stock traded down $0.36 during mid-day trading on Friday, reaching $89.04. 208,805 shares of the company’s stock were exchanged, compared to its average volume of 270,688. The company has a market capitalization of $2.07 billion, a P/E ratio of 8.92, a P/E/G ratio of 1.03 and a beta of 1.19. The company has a current ratio of 1.20, a quick ratio of 0.25 and a debt-to-equity ratio of 1.13. Lithia Motors has a 12-month low of $67.90 and a 12-month high of $107.68.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 22nd. Shareholders of record on Friday, March 8th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.30%. Lithia Motors’s payout ratio is currently 11.62%.

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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