Lithia Motors (NYSE:LAD) had its target price raised by JPMorgan Chase & Co. from $117.00 to $122.00 in a research report released on Tuesday, BenzingaRatingsTable reports. The firm currently has an overweight rating on the stock.

A number of other equities research analysts have also recently issued reports on LAD. Craig Hallum restated a buy rating and set a $125.00 price target (up from $103.00) on shares of Lithia Motors in a report on Thursday, April 25th. Longbow Research restated a hold rating on shares of Cooper Tire & Rubber in a report on Sunday, July 7th. Buckingham Research cut shares of Lithia Motors from a buy rating to a neutral rating and upped their price target for the company from $120.00 to $125.00 in a report on Monday. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Green Brick Partners from a sell rating to a hold rating in a report on Wednesday, April 10th. Finally, ValuEngine upgraded shares of Vistra Energy from a hold rating to a buy rating in a report on Wednesday, July 3rd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Lithia Motors presently has an average rating of Buy and an average target price of $120.56.

Shares of NYSE:LAD opened at $119.16 on Tuesday. The company has a market capitalization of $2.74 billion, a PE ratio of 11.94, a PEG ratio of 1.52 and a beta of 1.12. Lithia Motors has a 1 year low of $67.90 and a 1 year high of $124.23. The stock has a fifty day simple moving average of $118.17. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.17 and a quick ratio of 0.23.

Lithia Motors (NYSE:LAD) last released its quarterly earnings results on Wednesday, April 24th. The company reported $2.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.15 by $0.29. Lithia Motors had a net margin of 2.25% and a return on equity of 20.68%. The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.86 billion. During the same period in the prior year, the company earned $2.07 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities analysts anticipate that Lithia Motors will post 11.02 earnings per share for the current year.

In other news, Director Sidney B. Deboer sold 15,433 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $114.00, for a total transaction of $1,759,362.00. Following the completion of the transaction, the director now owns 11,144 shares of the company’s stock, valued at $1,270,416. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.21% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Lithia Motors by 1.0% during the fourth quarter. BlackRock Inc. now owns 3,441,382 shares of the company’s stock valued at $262,683,000 after buying an additional 33,078 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Lithia Motors by 17.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,323,683 shares of the company’s stock valued at $101,036,000 after buying an additional 200,381 shares during the last quarter. Boston Partners raised its position in shares of Lithia Motors by 3.0% during the first quarter. Boston Partners now owns 830,398 shares of the company’s stock valued at $77,019,000 after buying an additional 23,908 shares during the last quarter. Lakewood Capital Management LP raised its position in shares of Lithia Motors by 67.5% during the fourth quarter. Lakewood Capital Management LP now owns 769,169 shares of the company’s stock valued at $58,711,000 after buying an additional 310,000 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Lithia Motors by 10.1% during the first quarter. JPMorgan Chase & Co. now owns 498,191 shares of the company’s stock valued at $46,207,000 after buying an additional 45,589 shares during 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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Analyst Recommendations for Lithia Motors (NYSE:LAD)

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