Lithia Motors Inc (LAD) Analysts See $2.39 EPS

September 23, 2017 - By Vivian Park

 Lithia Motors Inc (LAD) Analysts See $2.39 EPS
Investors sentiment decreased to 1.19 in 2017 Q2. Its down 0.03, from 1.22 in 2017Q1. It is negative, as 32 investors sold Lithia Motors Inc shares while 56 reduced holdings. 31 funds opened positions while 74 raised stakes. 25.74 million shares or 5.27% more from 24.45 million shares in 2017Q1 were reported.
22,363 are held by State Of Tennessee Treasury Department. Smith Graham And Co Advsrs Limited Partnership reported 1.04% stake. Ameritas Inv stated it has 0.01% in Lithia Motors Inc (NYSE:LAD). 17,171 are held by Guggenheim Cap Ltd. Deutsche Retail Bank Ag holds 0% of its portfolio in Lithia Motors Inc (NYSE:LAD) for 45,723 shares. Tower Research Cap Ltd Liability (Trc) has 0% invested in Lithia Motors Inc (NYSE:LAD). Fiera Capital Corporation owns 356,131 shares or 0.16% of their US portfolio. Farmers And Merchants stated it has 80 shares or 0% of all its holdings. 334,858 are owned by Jpmorgan Chase And Com. Cardinal Limited Liability Ct owns 492,665 shares or 1.84% of their US portfolio. Missouri-based Parkside Bank & Trust & Tru has invested 0.02% in Lithia Motors Inc (NYSE:LAD). Interest Gru Incorporated reported 17,512 shares. Alpine Woods Cap Investors Llc has 0.02% invested in Lithia Motors Inc (NYSE:LAD) for 4,854 shares. Ls Investment Lc owns 864 shares or 0% of their US portfolio. 531,388 were reported by Boston Prtn.

Since May 2, 2017, it had 0 insider buys, and 6 insider sales for $3.00 million activity. Shares for $490,000 were sold by DEBOER SIDNEY B. 2,317 shares valued at $214,291 were sold by Cain Susan O on Monday, May 8.

Investors wait Lithia Motors Inc (NYSE:LAD) to report on October, 19. its quarterly earnings Wall Street analysts expect $2.39 EPS, up $0.33 or 16.02 % from last year’s $2.06 same quarter earnings. This translates into $60.96M profit for LAD giving the stock a 12.18 P/E. This is assuming the current $2.39 EPS is accurate. Lithia Motors Inc’s Wall Street analysts see 4.82 % EPS growth, taking into account the $2.28 EPS reproted in the previous quarter, The stock increased 1.87% or $2.14 on September 22, reaching $116.44. About 220,449 shares traded or 7.21% up from the average. Lithia Motors Inc (NYSE:LAD) has risen 16.88% since September 24, 2016 and is uptrending. It has outperformed by 0.18% the S&P500.

Lithia Motors Inc (NYSE:LAD) Ratings Coverage

Among 9 analysts covering Lithia Motors (NYSE:LAD), 6 have Buy rating, 1 Sell and 2 Hold. Therefore 67% are positive. Lithia Motors had 13 analyst reports since July 23, 2015 according to SRatingsIntel. Jefferies maintained Lithia Motors Inc (NYSE:LAD) on Friday, September 8 with “Buy” rating. KeyBanc Capital Markets maintained it with “Buy” rating and $119.0 target in Tuesday, September 5 report. The rating was initiated by Seaport Global on Wednesday, June 14 with “Neutral”. As per Wednesday, June 28, the company rating was maintained by Jefferies. The stock has “Neutral” rating by Susquehanna on Thursday, February 2. Jefferies initiated the stock with “Buy” rating in Monday, April 11 report. Bank of America downgraded Lithia Motors Inc (NYSE:LAD) on Friday, June 16 to “Underperform” rating. The firm has “Outperform” rating given on Wednesday, August 31 by Wolfe Research. The rating was reinitiated by KeyBanc Capital Markets on Wednesday, November 16 with “Overweight”.

Lithia Motors, Inc. is an operator of automotive franchises and a retailer of new and used vehicles and related services. The company has market cap of $2.97 billion. As of February 28, 2017, it offered 30 brands of new vehicles and all brands of used vehicles in 154 stores in the United States and online at Lithia.com, DCHauto.com and CarboneCars.com. It has a 14.04 P/E ratio. It operates through three divisions: Domestic, Import and Luxury.

More notable recent Lithia Motors Inc (NYSE:LAD) news were published by: Nasdaq.com which released: “Why Lithia Motors, Inc. (LAD) Could Be a Top Value Stock Pick” on September 01, 2017, also Nasdaq.com with their article: “Lithia Motors, Inc. (LAD) Ex-Dividend Date Scheduled for August 09, 2017” published on August 08, 2017, Reuters.com published: “BRIEF-Lithia Motors Inc says has acquired Baierl Auto Group” on May 01, 2017. More interesting news about Lithia Motors Inc (NYSE:LAD) were released by: Seekingalpha.com and their article: “Lithia Motors (LAD) Q2 2017 Results – Earnings Call Transcript” published on July 28, 2017 as well as Fool.com‘s news article titled: “Lithia Motors Jumps 9% on Preliminary Q2 Data. Is It as Good as It Looks?” with publication date: July 12, 2017.

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