Lithia Motors (LAD) to Release Quarterly Earnings on Wednesday

Lithia Motors (NYSE:LAD) is scheduled to release its earnings data before the market opens on Wednesday, February 13th. Analysts expect Lithia Motors to post earnings of $2.32 per share for the quarter.

Shares of Lithia Motors stock opened at $84.10 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 0.23 and a debt-to-equity ratio of 1.07. Lithia Motors has a twelve month low of $67.90 and a twelve month high of $119.27. The stock has a market cap of $1.98 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 0.74 and a beta of 1.24.

Several brokerages have recently weighed in on LAD. ValuEngine upgraded shares of Lithia Motors from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 24th. Zacks Investment Research lowered shares of Lithia Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 6th. Bank of America upgraded shares of Lithia Motors from a “neutral” rating to a “buy” rating and set a $110.00 target price on the stock in a research report on Wednesday, October 24th. They noted that the move was a valuation call. Morgan Stanley lifted their target price on shares of Lithia Motors from $107.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, November 14th. Finally, Buckingham Research set a $106.00 target price on shares of Lithia Motors and gave the company a “buy” rating in a research report on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $104.40.

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About Lithia Motors

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.

See Also: Depreciation

Earnings History for Lithia Motors (NYSE:LAD)

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