Lithia Motors Inc (LAD) was Initiated by Jefferies to “Buy” and the brokerage firm has set the Price Target at $105. Jefferies advised their investors in a research report released on Apr 11, 2016.
On the company’s financial health, Lithia Motors Inc reported $1.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Feb 24, 2016. Analyst had a consensus of $1.64. The company had revenue of $1993.30 million for the quarter, compared to analysts expectations of $2002.95 million. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 EPS.
Lithia Motors Inc opened for trading at $80.23 and hit $83.21 on the upside on Monday, eventually ending the session at $81.26, with a gain of 1.98% or 1.58 points. The heightened volatility saw the trading volume jump to 5,16,002 shares. Company has a market cap of $2,090 M.
In a different news, on Nov 25, 2015, Kenneth E Roberts (director) sold 1,500 shares at $123.75 per share price. According to the SEC, on Nov 4, 2015, William J Young (director) sold 323 shares at $116.31 per share price. On Apr 27, 2015, John F North (VP Finance / CAO) sold 8,577 shares at $104.01 per share price, according to the Form-4 filing with the securities and exchange commission.
Lithia Motors Inc. is an operator of automotive franchises and a retailer of new and used vehicles and services. The Company operates in three segments: Domestic Import and Luxury. The Domestic segment consists of retail automotive franchises that sell new vehicles of Chrysler General Motors and Ford. Its Import segment includes retail automotive franchises that sell new vehicles of Honda Toyota Subaru Nissan and Volkswagen. The Luxury segment consists of retail automotive franchises that sell new vehicles of BMW Mercedes-Benz and Lexus. Its segment franchises sell used vehicles parts and automotive services and automotive finance and insurance products. Its operations involve the use handling storage and contracting for recycling and disposal of materials such as motor oil and filters transmission fluids antifreeze refrigerants paints thinners batteries cleaning products lubricants degreasing agents tires and fuel.