The stock of Lithia Motors Inc. (NYSE:LAD) last traded at $220.46, down -6.86% from the previous session.
Data from the available sources indicates that Lithia Motors Inc. (NYSE:LAD) is covered by 15 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $360.00 and a low of $198.00, we find $305.00. Given the previous closing price of $236.69, this indicates a potential upside of 28.86 percent. LAD stock price is now -11.56% away from the 50-day moving average and -10.89% away from the 200-day moving average. The market capitalization of the company currently stands at $6.25B.
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In total, 4 analysts have assigned it a hold rating, and 10 have given it a buy rating. Brokers who have rated the stock have averaged $299.54 as their price target over the next twelve months.
With the price target enhanced from $212 to $233, Wells Fargo Downgraded its rating from Overweight to Equal Weight for Lithia Motors Inc. (NYSE: LAD)., while ‘Wells Fargo’ rates the stock as ‘Overweight’.
In other news, McIntyre Shauna, Director sold 167 shares of the company’s stock on Feb 28. The stock was sold for $43,420 at an average price of $260.00. Upon completion of the transaction, the Director now directly owns 1,672 shares in the company, valued at $0.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 15, Director McIntyre Shauna sold 180 shares of the business’s stock. A total of $43,440 was realized by selling the stock at an average price of $241.34. This leaves the insider owning 1,839 shares of the company worth $0.41 million. Insiders disposed of 59,651 shares of company stock worth roughly $13.15 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 CONIFER MANAGEMENT, L.L.C. during the first quarter worth $110,230,000. 12 WEST CAPITAL MANAGEMENT LP invested $28,660,000 in shares of LAD during the first quarter. In the first quarter, SRS INVESTMENT MANAGEMENT, LLC acquired a new stake in Lithia Motors Inc. valued at approximately $27,081,000. ENGLE CAPITAL MANAGEMENT, L.P. acquired a new stake in LAD for approximately $10,803,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in LAD valued at around $4,623,000 in the second quarter.
With an opening price of $243.00 on Tuesday morning, Lithia Motors Inc. (NYSE: LAD) set off the trading day. During the past 12 months, Lithia Motors Inc. has had a low of $180.00 and a high of $341.00. As of last week, the company has a debt-to-equity ratio of 1.47, a current ratio of 1.50, and a quick ratio of 0.40. The fifty day moving average price for LAD is $249.62 and a two-hundred day moving average price translates $247.03 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 $9.97 EPS in the same period last year. The net profit margin was 4.40% and return on equity was 25.30% for LAD. The company reported revenue of $6.99 billion for the quarter, compared to $6.31 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.79 percent. For the current quarter, analysts expect LAD to generate $7.07B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/24/2023. Investors who held shares on 03/10/2023 were paid a $0.42 dividend. On an annualized basis, this represents a $1.68 dividend and a 0.76% percent yield. There was an ex-dividend date of 03/09/2023 for this dividend. In terms of dividend payout ratio, LAD is presently at 3.60%.
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. It also offers its products online through 300 websites. Lithia Motors, Inc. was founded in 1946 and is headquartered in Medford, Oregon.
