Lithia Motors Inc (NYSE:LAD) Expected to Announce Earnings of $3.14 Per Share

Wall Street analysts expect Lithia Motors Inc (NYSE:LAD) to post earnings of $3.14 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Lithia Motors’ earnings, with the highest EPS estimate coming in at $3.23 and the lowest estimate coming in at $3.10. Lithia Motors reported earnings of $2.83 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 11%. The business is expected to issue its next quarterly earnings results before the market opens on Wednesday, October 23rd.

On average, analysts expect that Lithia Motors will report full-year earnings of $11.30 per share for the current year, with EPS estimates ranging from $11.17 to $11.46. For the next fiscal year, analysts anticipate that the business will report earnings of $12.71 per share, with EPS estimates ranging from $12.00 to $14.35. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Lithia Motors.

Lithia Motors (NYSE:LAD) last issued its earnings results on Wednesday, July 24th. The company reported $2.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.87 by $0.08. Lithia Motors had a net margin of 2.24% and a return on equity of 20.74%. The company had revenue of $3.22 billion for the quarter, compared to analysts’ expectations of $3.19 billion. During the same period in the prior year, the business earned $2.52 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis.

Several analysts have commented on the stock. Craig Hallum increased their price target on shares of Lithia Motors from $125.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. increased their price target on shares of Lithia Motors from $117.00 to $122.00 and gave the company an “overweight” rating in a research report on Tuesday, July 9th. Longbow Research reissued a “buy” rating and set a $132.00 price target on shares of Lithia Motors in a research report on Sunday, July 7th. ValuEngine lowered shares of Lithia Motors from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley increased their price target on shares of Lithia Motors from $144.00 to $151.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $125.22.

In related news, Director Louis Miramontes sold 450 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $131.34, for a total value of $59,103.00. Following the completion of the transaction, the director now directly owns 2,746 shares of the company’s stock, valued at approximately $360,659.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Susan O. Cain sold 723 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $134.78, for a total transaction of $97,445.94. Following the completion of the transaction, the director now directly owns 11,651 shares of the company’s stock, valued at $1,570,321.78. The disclosure for this sale can be found here. Insiders sold a total of 6,173 shares of company stock valued at $812,899 over the last ninety days. 5.21% of the stock is currently owned by insiders.

Several institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC raised 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 worth $29,000 after buying an additional 183 shares during the last quarter. Advisors Preferred LLC purchased a new position in Lithia Motors during the 2nd quarter worth approximately $37,000. Private Capital Group LLC raised 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 worth $38,000 after buying an additional 230 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Lithia Motors during the 2nd quarter worth approximately $48,000. Finally, MUFG Americas Holdings Corp purchased a new position in Lithia Motors during the 2nd quarter worth approximately $59,000.

Shares of Lithia Motors stock opened at $130.39 on Monday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.16 and a quick ratio of 0.23. Lithia Motors has a 1 year low of $67.90 and a 1 year high of $139.18. The firm’s 50-day moving average is $129.48 and its two-hundred day moving average is $119.78. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 1.24 and a beta of 1.09.

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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