Lithia Motors, Inc. (NYSE:LAD – Free Report) – Analysts at Seaport Res Ptn decreased their FY2024 earnings estimates for shares of Lithia Motors in a report issued on Sunday, October 20th. Seaport Res Ptn analyst G. Chin now expects that the company will post earnings per share of $27.97 for the year, down from their previous estimate of $28.02. The consensus estimate for Lithia Motors’ current full-year earnings is $28.74 per share. Seaport Res Ptn also issued estimates for Lithia Motors’ Q4 2024 earnings at $6.70 EPS and FY2025 earnings at $31.25 EPS.
Lithia Motors (NYSE:LAD – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The company reported $7.87 EPS for the quarter, topping analysts’ consensus estimates of $7.09 by $0.78. The firm had revenue of $9.23 billion during the quarter, compared to analyst estimates of $9.29 billion. Lithia Motors had a return on equity of 13.84% and a net margin of 2.52%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company posted $10.91 EPS.
Get Our Latest Research Report on Lithia Motors
Lithia Motors Stock Performance
Shares of LAD stock opened at $335.35 on Wednesday. The stock’s 50-day moving average is $298.20 and its two-hundred day moving average is $274.40. Lithia Motors has a fifty-two week low of $231.36 and a fifty-two week high of $341.84. The firm has a market cap of $9.19 billion, a P/E ratio of 9.90, a PEG ratio of 0.30 and a beta of 1.64. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.19 and a quick ratio of 0.30.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its holdings in Lithia Motors by 24.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 49,797 shares of the company’s stock worth $16,397,000 after purchasing an additional 9,818 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Lithia Motors by 132.9% in the first quarter. BNP Paribas Financial Markets now owns 19,138 shares of the company’s stock valued at $5,758,000 after purchasing an additional 10,920 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in Lithia Motors during the second quarter worth about $607,000. Comerica Bank grew its position in Lithia Motors by 89.0% in the 1st quarter. Comerica Bank now owns 29,473 shares of the company’s stock worth $8,867,000 after purchasing an additional 13,875 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Lithia Motors by 11.2% in the 1st quarter. Russell Investments Group Ltd. now owns 203,062 shares of the company’s stock worth $61,318,000 after buying an additional 20,416 shares during the last quarter.
Insider Activity
In related news, Director Sidney B. Deboer sold 10,777 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $275.93, for a total transaction of $2,973,697.61. Following the completion of the sale, the director now directly owns 35,352 shares in the company, valued at $9,754,677.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Shauna Mcintyre sold 306 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $289.65, for a total value of $88,632.90. Following the completion of the sale, the director now directly owns 1,922 shares in the company, valued at $556,707.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sidney B. Deboer sold 10,777 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $275.93, for a total value of $2,973,697.61. Following the completion of the sale, the director now owns 35,352 shares in the company, valued at $9,754,677.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,021 shares of company stock worth $6,534,617. 1.79% of the stock is currently owned by corporate insiders.
Lithia Motors Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $2.12 dividend on an annualized basis and a yield of 0.63%. Lithia Motors’s payout ratio is 6.26%.
About Lithia Motors
Lithia Motors, Inc operates as an automotive retailer worldwide. It operates in two segments, Vehicle Operations and Financing Operations. The company’s Vehicle Operations segment sells new and used vehicles; provides parts, repair, and maintenance services; vehicle finance; and insurance products. Its Financing Operations segment provides financing to customers buying and leasing retail vehicles.
See Also
- Five stocks we like better than Lithia Motors
- Basic Materials Stocks Investing
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- What is the Nikkei 225 index?
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- 3 Ways To Invest In Coffee, Other Than Drinking It
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
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.