Seaport Global Securities Comments on Lithia Motors Inc’s Q1 2019 Earnings (LAD)

Lithia Motors Inc (NYSE:LAD) – Equities research analysts at Seaport Global Securities issued their Q1 2019 earnings per share (EPS) estimates for shares of Lithia Motors in a research report issued on Wednesday, February 13th. Seaport Global Securities analyst M. Ward forecasts that the company will post earnings of $2.09 per share for the quarter. Seaport Global Securities currently has a “Buy” rating and a $110.00 target price on the stock. Seaport Global Securities also issued estimates for Lithia Motors’ Q2 2019 earnings at $2.61 EPS, Q3 2019 earnings at $2.86 EPS, Q4 2019 earnings at $2.64 EPS, FY2019 earnings at $10.20 EPS, Q1 2020 earnings at $2.26 EPS, Q2 2020 earnings at $2.84 EPS, Q3 2020 earnings at $2.90 EPS and Q4 2020 earnings at $2.80 EPS.

Lithia Motors (NYSE:LAD) last issued its quarterly earnings data on Wednesday, February 13th. The company reported $2.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.45 by $0.12. The firm had revenue of $2.97 billion for the quarter, compared to the consensus estimate of $3.01 billion. Lithia Motors had a net margin of 2.56% and a return on equity of 20.75%. Lithia Motors’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the firm posted $2.15 EPS.

Several other brokerages also recently weighed in on LAD. Buckingham Research set a $106.00 price objective on shares of Lithia Motors and gave the company a “buy” rating in a research report on Thursday, October 25th. Craig Hallum set a $103.00 price objective on shares of Lithia Motors and gave the company a “buy” rating in a research report on Thursday, October 25th. TheStreet upgraded shares of Lithia Motors from a “c+” rating to a “b-” rating in a research report on Tuesday, January 29th. Zacks Investment Research downgraded shares of Lithia Motors from a “buy” rating to a “hold” rating in a research report on Wednesday, February 6th. Finally, ValuEngine upgraded shares of Lithia Motors from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Lithia Motors currently has an average rating of “Buy” and a consensus price target of $105.33.

Shares of NYSE:LAD opened at $82.46 on Thursday. The stock has a market capitalization of $1.98 billion, a P/E ratio of 9.83, a PEG ratio of 0.74 and a beta of 1.24. Lithia Motors has a fifty-two week low of $67.90 and a fifty-two week high of $117.80. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.23 and a current ratio of 1.20.

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in shares of Lithia Motors by 1.0% during the 4th quarter. BlackRock Inc. now owns 3,441,382 shares of the company’s stock worth $262,683,000 after buying an additional 33,078 shares in the last quarter. Abrams Capital Management L.P. raised its position in shares of Lithia Motors by 92.2% during the 3rd quarter. Abrams Capital Management L.P. now owns 2,000,000 shares of the company’s stock worth $163,320,000 after buying an additional 959,673 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Lithia Motors by 17.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,323,683 shares of the company’s stock worth $101,036,000 after buying an additional 200,381 shares in the last quarter. Boston Partners raised its position in shares of Lithia Motors by 6.0% during the 4th quarter. Boston Partners now owns 806,490 shares of the company’s stock worth $61,560,000 after buying an additional 45,728 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Lithia Motors by 23.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 606,370 shares of the company’s stock worth $49,516,000 after buying an additional 114,014 shares in the last quarter.

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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