Stocks of Lithia Motors Inc. (NYSE:LAD) traded higher last session on Wall Street, up 0.64% to $204.74.
According to the data, Lithia Motors Inc. (NYSE:LAD) has 15 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $430.00 and a low of $200.00, we find $301.00. Given the previous closing price of $203.44, this indicates a potential upside of 47.96 percent. LAD stock price is now -4.43% away from the 50-day moving average and -21.22% away from the 200-day moving average. The market capitalization of the company currently stands at $5.56B.
A total of 3 analysts have issued a hold rating and 11 have given it a buy rating. Brokers who have rated the stock have averaged $304.08 as their price target over the next twelve months.
On January 18, 2022, Wells Fargo recently initiated its ‘Overweight’ rating on the stock quoting a target price of $345, while ‘BofA Securities’ rates the stock as ‘Buy’.
In other news, McIntyre Shauna, Director sold 180 shares of the company’s stock on Sep 15. The stock was sold for $43,440 at an average price of $241.34. Upon completion of the transaction, the Director now directly owns 1,839 shares in the company, valued at $0.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 19, Director DEBOER SIDNEY B bought 1,000 shares of the business’s stock. A total of $268,428 was incurred on buying the stock at an average price of $268.43. This leaves the insider owning 36,735 shares of the company worth $7.52 million. Insiders disposed of 87,108 shares of company stock worth roughly $17.83 million over the past 1 year. A total of 1.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in LAD stock. A new stake in Lithia Motors Inc. shares was purchased by BAUPOST GROUP LLC/MA during the first quarter worth $51,185,000. TUDOR INVESTMENT CORP ET AL invested $7,716,000 in shares of LAD during the first quarter. In the first quarter, S&T BANK/PA acquired a new stake in Lithia Motors Inc. valued at approximately $7,393,000. TWINBEECH CAPITAL LP acquired a new stake in LAD for approximately $7,165,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in LAD valued at around $4,294,000 in the second quarter. In total, there are 554 active investors with 99.66% ownership of the company’s stock.
Friday’s opening bell rang with an opening price of $201.25 for Lithia Motors Inc. (NYSE: LAD). During the past 12 months, Lithia Motors Inc. has had a low of $180.00 and a high of $349.61. As of last week, the company has a debt-to-equity ratio of 1.40, a current ratio of 1.70, and a quick ratio of 0.50. The fifty day moving average price for LAD is $214.45 and a two-hundred day moving average price translates $259.23 for the stock.
The latest earnings results from Lithia Motors Inc. (NYSE: LAD) was released for Sep, 2022. According to the Auto & Truck Dealerships Company, earnings per share came in at $11.08, missing analysts’ expectations of $11.83 by -0.75. This compares to $10.13 EPS in the same period last year. The net profit margin was 4.70% and return on equity was 27.00% for LAD. The company reported revenue of $7.3 billion for the quarter, compared to $6.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.25 percent. For the current quarter, analysts expect LAD to generate $7.05B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/18/2022. Investors who held shares on 11/11/2022 were paid a $0.42 dividend. On an annualized basis, this represents a $1.68 dividend and a 0.82% percent yield. There was an ex-dividend date of 11/09/2022 for this dividend. In terms of dividend payout ratio, LAD is presently at 3.40%.
Lithia Motors Inc.(LAD) Company Profile
Lithia Motors, Inc. operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Luxury. It offers new and used vehicles; vehicle financing services; warranties, insurance contracts, and vehicle and theft protection services; and automotive repair and maintenance services, as well as sells vehicle body and parts under the Driveway and GreenCars brand names. As of February 18, 2022, the company operated through 278 stores. It also offers its products online through 300 websites. Lithia Motors, Inc. was founded in 1946 and is headquartered in Medford, Oregon.