Lithia Motors (NYSE:LAD) Downgraded by ValuEngine

ValuEngine downgraded shares of Lithia Motors (NYSE:LAD) from a buy rating to a hold rating in a report released on Thursday morning, ValuEngine reports.

A number of other equities analysts have also commented on the stock. Craig Hallum reaffirmed a buy rating and issued a $125.00 price objective (up previously from $103.00) on shares of Lithia Motors in a research note on Thursday, April 25th. Longbow Research reiterated a hold rating on shares of Cooper Tire & Rubber in a research report on Sunday, July 7th. Bank of America set a $275.00 target price on shares of SVB Financial Group and gave the stock a buy rating in a research report on Friday, April 26th. Zacks Investment Research upgraded shares of Green Brick Partners from a sell rating to a hold rating in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Pinduoduo in a research report on Tuesday, July 9th. They issued an underweight rating and a $20.48 target price for the company. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $120.56.

Lithia Motors stock opened at $119.25 on Thursday. The business has a 50 day moving average price of $118.27. Lithia Motors has a 52 week low of $67.90 and a 52 week high of $124.23. The company has a quick ratio of 0.23, a current ratio of 1.17 and a debt-to-equity ratio of 1.04. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 1.53 and a beta of 1.12.

Lithia Motors (NYSE:LAD) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.29. Lithia Motors had a net margin of 2.25% and a return on equity of 20.68%. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.86 billion. During the same quarter last year, the business posted $2.07 EPS. The company’s revenue was up 7.1% on a year-over-year basis. Equities analysts expect that Lithia Motors will post 11.02 earnings per share for the current year.

In other Lithia Motors news, Director Sidney B. Deboer sold 15,433 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $114.00, for a total value of $1,759,362.00. Following the completion of the sale, the director now owns 11,144 shares in the company, valued at approximately $1,270,416. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.21% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. 6 Meridian raised its holdings in shares of Lithia Motors by 1.0% during the 2nd quarter. 6 Meridian now owns 10,481 shares of the company’s stock valued at $1,245,000 after purchasing an additional 106 shares in the last quarter. Harfst & Associates Inc. raised its holdings in shares of Lithia Motors by 3.4% during the 1st quarter. Harfst & Associates Inc. now owns 4,173 shares of the company’s stock valued at $387,000 after purchasing an additional 138 shares in the last quarter. Texas Permanent School Fund raised its holdings in shares of Lithia Motors by 1.0% during the 4th quarter. Texas Permanent School Fund now owns 14,743 shares of the company’s stock valued at $1,125,000 after purchasing an additional 142 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Lithia Motors by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 8,726 shares of the company’s stock valued at $809,000 after purchasing an additional 158 shares in the last quarter. Finally, Mason Street Advisors LLC raised its holdings in shares of Lithia Motors by 2.6% during the 1st quarter. Mason Street Advisors LLC now owns 7,177 shares of the company’s stock valued at $666,000 after purchasing an additional 181 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.

Featured Story: How are Outstanding Shares Different from Authorized Shares?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Lithia Motors (NYSE:LAD)

Receive News & Ratings for Lithia Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lithia Motors and related companies with MarketBeat.com's FREE daily email newsletter.