Lithia Motors (NYSE:LAD) Cut to “Neutral” at Buckingham Research

Buckingham Research cut shares of Lithia Motors (NYSE:LAD) from a buy rating to a neutral rating in a research report report published on Monday morning, Benzinga reports. The firm currently has $125.00 price objective on the stock, up from their prior price objective of $120.00. The analysts noted that the move was a valuation call.

A number of other equities research analysts have also issued reports on the stock. Craig Hallum reissued a buy rating and issued a $125.00 price objective (up previously from $103.00) on shares of Lithia Motors in a report on Thursday, April 25th. ValuEngine raised shares of Vistra Energy from a hold rating to a buy rating in a report on Wednesday, July 3rd. Zacks Investment Research raised shares of Green Brick Partners from a sell rating to a hold rating in a report on Wednesday, April 10th. Longbow Research reissued a hold rating on shares of Cooper Tire & Rubber in a report on Sunday, July 7th. Finally, Bank of America set a $275.00 price objective on shares of SVB Financial Group and gave the company a buy rating in a report on Friday, April 26th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Lithia Motors has a consensus rating of Buy and an average target price of $120.56.

Shares of LAD opened at $119.16 on Monday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.17 and a quick ratio of 0.23. Lithia Motors has a 12-month low of $67.90 and a 12-month high of $124.23. The firm has a 50-day moving average price of $118.17. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 11.42, a P/E/G ratio of 1.52 and a beta of 1.12.

Lithia Motors (NYSE:LAD) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $2.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.15 by $0.29. Lithia Motors had a net margin of 2.25% and a return on equity of 20.68%. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same quarter in the prior year, the firm posted $2.07 earnings per share. Lithia Motors’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, equities analysts anticipate that Lithia Motors will post 11.02 EPS for the current year.

In other Lithia Motors news, Director Sidney B. Deboer sold 15,433 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $114.00, for a total transaction of $1,759,362.00. Following the completion of the transaction, the director now owns 11,144 shares of the company’s stock, valued at $1,270,416. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 5.21% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Ellis Investment Partners LLC purchased a new position in shares of Lithia Motors in the first quarter valued at approximately $30,000. Versant Capital Management Inc boosted its stake in shares of Lithia Motors by 100.5% in the first quarter. Versant Capital Management Inc now owns 393 shares of the company’s stock valued at $36,000 after purchasing an additional 197 shares during the period. Quantamental Technologies LLC purchased a new position in shares of Lithia Motors in the first quarter valued at approximately $47,000. SG Americas Securities LLC purchased a new position in shares of Lithia Motors in the first quarter valued at approximately $139,000. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Lithia Motors by 16.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,221 shares of the company’s stock valued at $170,000 after purchasing an additional 309 shares during the period.

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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Analyst Recommendations for Lithia Motors (NYSE:LAD)

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