Wall Street analysts expect that Lithia Motors Inc (NYSE:LAD) will announce $3.21 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Lithia Motors’ earnings, with the lowest sales estimate coming in at $3.16 billion and the highest estimate coming in at $3.27 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 company is scheduled to report its next quarterly earnings results on Wednesday, February 12th.
According to Zacks, analysts expect that Lithia Motors will report full-year sales of $12.61 billion for the current financial year, with estimates ranging from $12.56 billion to $12.67 billion. For the next year, analysts forecast that the business will report sales of $13.06 billion, with estimates ranging from $12.86 billion to $13.38 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Lithia Motors.
Lithia Motors (NYSE:LAD) last issued its earnings results on Wednesday, October 23rd. The company reported $3.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.09 by $0.30. Lithia Motors had a return on equity of 20.95% and a net margin of 2.13%. The firm had revenue of $3.33 billion for the quarter, compared to analysts’ expectations of $3.25 billion. During the same period in the previous year, the firm posted $2.83 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year.
In other news, Director Kenneth E. Roberts sold 1,758 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $160.60, for a total transaction of $282,334.80. Following the transaction, the director now owns 100,356 shares of the company’s stock, valued at $16,117,173.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sidney B. Deboer sold 19,048 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $160.00, for a total value of $3,047,680.00. Following the transaction, the director now directly owns 19,430 shares in the company, valued at approximately $3,108,800. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 114,739 shares of company stock worth $17,535,233. Insiders own 5.21% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC lifted its position in Lithia Motors by 290.5% during the 2nd quarter. Advisory Services Network LLC now owns 246 shares of the company’s stock valued at $29,000 after purchasing an additional 183 shares during the period. Advisors Preferred LLC acquired a new position in Lithia Motors during the 2nd quarter valued at about $37,000. Private Capital Group LLC lifted its position in Lithia Motors by 132.2% during the 2nd quarter. Private Capital Group LLC now owns 404 shares of the company’s stock valued at $38,000 after purchasing an additional 230 shares during the period. Quest Capital Management Inc. ADV acquired a new position in Lithia Motors during the 3rd quarter valued at about $45,000. Finally, Point72 Asset Management L.P. acquired a new position in Lithia Motors during the 2nd quarter valued at about $48,000.
Shares of NYSE LAD opened at $161.57 on Thursday. The business’s 50 day moving average is $140.84 and its two-hundred day moving average is $126.98. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.18 and a quick ratio of 0.22. Lithia Motors has a 1-year low of $67.90 and a 1-year high of $165.26. The stock has a market capitalization of $3.71 billion, a P/E ratio of 16.19, a PEG 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. The ex-dividend date is Thursday, November 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.74%. Lithia Motors’s dividend payout ratio is 12.02%.
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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