Lithia Motors’ (LAD) “Buy” Rating Reiterated at KeyCorp

KeyCorp reaffirmed their buy rating on shares of Lithia Motors, Inc. (NYSE:LAD) in a report published on Monday. KeyCorp currently has a $130.00 price target on the stock.

LAD has been the topic of a number of other research reports. Morgan Stanley reiterated an overweight rating and issued a $116.00 target price (up previously from $106.00) on shares of Lithia Motors in a research report on Wednesday, August 2nd. Jefferies Group LLC reiterated a buy rating and issued a $125.00 target price on shares of Lithia Motors in a research report on Thursday, August 3rd. Berenberg Bank started coverage on Lithia Motors in a research report on Wednesday, October 4th. They issued a hold rating and a $126.00 target price on the stock. Finally, Zacks Investment Research upgraded Lithia Motors from a hold rating to a strong-buy rating and set a $121.00 target price on the stock in a research report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $116.29.

Lithia Motors (NYSE:LAD) opened at $113.23 on Monday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.21 and a quick ratio of 0.26. Lithia Motors has a 12-month low of $80.88 and a 12-month high of $123.50. The company has a market capitalization of $2,821.00, a price-to-earnings ratio of 13.95, a P/E/G ratio of 0.96 and a beta of 1.72.

Lithia Motors (NYSE:LAD) last released its earnings results on Wednesday, October 25th. The company reported $2.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.37 by ($0.19). Lithia Motors had a net margin of 2.14% and a return on equity of 21.02%. The business had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the firm earned $2.06 EPS. The business’s revenue was up 18.7% on a year-over-year basis. analysts expect that Lithia Motors will post 8.33 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Thursday, November 9th. Lithia Motors’s dividend payout ratio is presently 13.12%.

In other news, Director Kenneth E. Roberts sold 25,000 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $117.19, for a total transaction of $2,929,750.00. Following the sale, the director now directly owns 130,598 shares in the company, valued at $15,304,779.62. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sidney B. Deboer sold 65,711 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $121.77, for a total value of $8,001,628.47. Following the sale, the director now owns 1,421 shares in the company, valued at $173,035.17. The disclosure for this sale can be found here. In the last quarter, insiders sold 145,581 shares of company stock worth $16,905,722. Company insiders own 7.85% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. DF Dent & Co. Inc. grew its holdings in shares of Lithia Motors by 38.5% during the third quarter. DF Dent & Co. Inc. now owns 9,765 shares of the company’s stock worth $1,175,000 after purchasing an additional 2,714 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of Lithia Motors by 5.4% during the third quarter. California Public Employees Retirement System now owns 30,032 shares of the company’s stock worth $3,613,000 after purchasing an additional 1,532 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Lithia Motors during the third quarter worth about $507,000. Westfield Capital Management Co. LP grew its holdings in shares of Lithia Motors by 1.3% during the third quarter. Westfield Capital Management Co. LP now owns 93,811 shares of the company’s stock worth $11,286,000 after purchasing an additional 1,210 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Lithia Motors by 4.6% during the third quarter. Dimensional Fund Advisors LP now owns 977,749 shares of the company’s stock worth $117,631,000 after purchasing an additional 42,944 shares during the last quarter. Institutional investors own 98.47% of the company’s stock.

Lithia Motors Company Profile

Lithia Motors, Inc is an operator of automotive franchises and a retailer of new and used vehicles and related services. As of February 28, 2017, it offered 30 brands of new vehicles and all brands of used vehicles in 154 stores in the United States and online at Lithia.com, DCHauto.com and CarboneCars.com.

Analyst Recommendations for Lithia Motors (NYSE:LAD)

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