Lithia Motors (LAD) Projected to Post Earnings on Wednesday

Lithia Motors (NYSE:LAD - Get Free Report) is expected to post its quarterly earnings results before the market opens on Wednesday, February 12th. Analysts expect Lithia Motors to post earnings of $7.33 per share and revenue of $8.99 billion for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Lithia Motors Price Performance

Shares of NYSE:LAD traded down $7.80 during trading on Friday, reaching $374.09. The stock had a trading volume of 257,373 shares, compared to its average volume of 418,502. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.27 and a current ratio of 1.18. The business has a fifty day moving average price of $363.81 and a 200-day moving average price of $331.25. The stock has a market cap of $9.97 billion, a PE ratio of 12.77, a PEG ratio of 4.90 and a beta of 1.67. Lithia Motors has a 1-year low of $243.00 and a 1-year high of $405.67.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LAD. Guggenheim lifted their price target on Lithia Motors from $380.00 to $418.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Benchmark started coverage on Lithia Motors in a research note on Wednesday, January 8th. They set a "buy" rating and a $400.00 price objective on the stock. JPMorgan Chase & Co. lowered their price objective on Lithia Motors from $405.00 to $400.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Stephens lifted their target price on Lithia Motors from $360.00 to $405.00 and gave the company an "overweight" rating in a research report on Thursday, October 24th. Finally, Wells Fargo & Company boosted their price objective on Lithia Motors from $343.00 to $346.00 and gave the company an "equal weight" rating in a report on Wednesday, January 15th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $357.40.

Insider Transactions at Lithia Motors

In related news, insider Gary M. Glandon sold 242 shares of the company's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $382.86, for a total value of $92,652.12. Following the completion of the sale, the insider now directly owns 1,729 shares of the company's stock, valued at $661,964.94. This represents a 12.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Bryan B. Deboer sold 3,313 shares of the company's stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $380.00, for a total value of $1,258,940.00. Following the sale, the chief executive officer now directly owns 192,814 shares of the company's stock, valued at approximately $73,269,320. This represents a 1.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,770 shares of company stock valued at $15,103,607. 1.79% of the stock is currently owned by corporate insiders.

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.