Lithia Motors (NYSE:LAD) Loses “Neutral” Rating

June 19, 2017 - By Dolores Ford

 Lithia Motors (NYSE:LAD) Loses

Investors sentiment increased to 1.33 in Q4 2016. Its up 0.45, from 0.88 in 2016Q3. It is positive, as 29 investors sold Lithia Motors Inc shares while 55 reduced holdings. 38 funds opened positions while 74 raised stakes. 24.38 million shares or 1.44% more from 24.03 million shares in 2016Q3 were reported.

Copeland Cap Mngmt Lc holds 1.09% or 173,252 shares. Contravisory invested 0.02% of its portfolio in Lithia Motors Inc (NYSE:LAD). Clearbridge Invs Ltd Liability Corporation stated it has 0% in Lithia Motors Inc (NYSE:LAD). Parkside National Bank & Tru has 0.01% invested in Lithia Motors Inc (NYSE:LAD). Goldman Sachs Grp Inc holds 0.02% or 715,895 shares. Thrivent Financial For Lutherans holds 95,866 shares. Hudson Bay Cap Ltd Partnership owns 44,935 shares for 0.09% of their portfolio. Victory Capital Management Inc holds 373,296 shares. Hodges Mngmt holds 0.03% or 6,821 shares. Harvest Cap Strategies Limited Liability Company invested in 55,000 shares or 0.73% of the stock. Us Bank & Trust De stated it has 0% of its portfolio in Lithia Motors Inc (NYSE:LAD). Plante Moran Advisors Limited Liability Company holds 0% or 41 shares. Stifel Financial reported 60,487 shares stake. The Pennsylvania-based Federated Investors Pa has invested 0% in Lithia Motors Inc (NYSE:LAD). Dimensional Fund Lp accumulated 0.04% or 809,204 shares.

Since January 11, 2017, it had 0 buys, and 11 selling transactions for $9.63 million activity. On Tuesday, January 17 DEBOER SIDNEY B sold $919,600 worth of Lithia Motors Inc (NYSE:LAD) or 8,800 shares. Dobry Thomas also sold $138,805 worth of Lithia Motors Inc (NYSE:LAD) on Friday, March 3. On Tuesday, February 21 Cain Susan O sold $120,355 worth of Lithia Motors Inc (NYSE:LAD) or 1,182 shares. 4,687 shares valued at $445,265 were sold by DEBOER BRYAN B on Tuesday, May 2.

Lithia Motors (NYSE:LAD) Receives a Downgrade

Lithia Motors (NYSE:LAD) was downgraded by equity research analysts at Bank of America (Merrill Lynch) from their past “Neutral” rating to a “Underperform” rating in analysts report released on 16 June.

Investors sentiment increased to 1.33 in Q4 2016. Its up 0.45, from 0.88 in 2016Q3. It is positive, as 29 investors sold Lithia Motors Inc shares while 55 reduced holdings. 38 funds opened positions while 74 raised stakes. 24.38 million shares or 1.44% more from 24.03 million shares in 2016Q3 were reported.

Copeland Cap Mngmt Lc holds 1.09% or 173,252 shares. Contravisory invested 0.02% of its portfolio in Lithia Motors Inc (NYSE:LAD). Clearbridge Invs Ltd Liability Corporation stated it has 0% in Lithia Motors Inc (NYSE:LAD). Parkside National Bank & Tru has 0.01% invested in Lithia Motors Inc (NYSE:LAD). Goldman Sachs Grp Inc holds 0.02% or 715,895 shares. Thrivent Financial For Lutherans holds 95,866 shares. Hudson Bay Cap Ltd Partnership owns 44,935 shares for 0.09% of their portfolio. Victory Capital Management Inc holds 373,296 shares. Hodges Mngmt holds 0.03% or 6,821 shares. Harvest Cap Strategies Limited Liability Company invested in 55,000 shares or 0.73% of the stock. Us Bank & Trust De stated it has 0% of its portfolio in Lithia Motors Inc (NYSE:LAD). Plante Moran Advisors Limited Liability Company holds 0% or 41 shares. Stifel Financial reported 60,487 shares stake. The Pennsylvania-based Federated Investors Pa has invested 0% in Lithia Motors Inc (NYSE:LAD). Dimensional Fund Lp accumulated 0.04% or 809,204 shares.

Since January 11, 2017, it had 0 buys, and 11 selling transactions for $9.63 million activity. On Tuesday, January 17 DEBOER SIDNEY B sold $919,600 worth of Lithia Motors Inc (NYSE:LAD) or 8,800 shares. Dobry Thomas also sold $138,805 worth of Lithia Motors Inc (NYSE:LAD) on Friday, March 3. On Tuesday, February 21 Cain Susan O sold $120,355 worth of Lithia Motors Inc (NYSE:LAD) or 1,182 shares. 4,687 shares valued at $445,265 were sold by DEBOER BRYAN B on Tuesday, May 2.

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 has $131 highest and $110 lowest target. $123.50’s average target is 39.44% above currents $88.57 stock price. Lithia Motors had 10 analyst reports since July 23, 2015 according to SRatingsIntel. The company was initiated on Thursday, February 2 by Susquehanna. The company was initiated on Monday, April 11 by Jefferies. KeyBanc Capital Markets reinitiated Lithia Motors Inc (NYSE:LAD) on Wednesday, November 16 with “Overweight” rating. On Friday, June 16 the stock rating was downgraded by Bank of America to “Underperform”. Seaport Global initiated the shares of LAD in report on Wednesday, June 14 with “Neutral” rating. Wolfe Research initiated the shares of LAD in report on Wednesday, August 31 with “Outperform” rating.

It closed at $88.57 lastly. It is down 16.88% since June 19, 2016 and is uptrending. It has outperformed by 0.18% the S&P500.

Investors wait Lithia Motors Inc (NYSE:LAD) to report on July, 27. its quarterly earnings Wall Street analysts expect $2.21 earnings per share, up $0.25 or 12.76 % from last year’s $1.96 same quarter earnings. This translates into $50.65 million profit for LAD giving the stock a 10.02 P/E. This is assuming the current $2.21 EPS is accurate. Lithia Motors Inc’s Wall Street analysts see 24.16 % EPS growth, taking into account the $1.78 EPS reproted in the previous quarter,

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 $2.03 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 10.82 P/E ratio. It operates through three divisions: Domestic, Import and Luxury.

More notable recent Lithia Motors Inc (NYSE:LAD) news were published by: Seekingalpha.com which released: “Lithia Motors’ (LAD) CEO Bryan DeBoer on Q1 2017 Results – Earnings Call …” on April 19, 2017, also Bizjournals.com with their article: “Lithia Motors expands eastern reach with deal for Pittsburgh-area auto group” published on May 01, 2017, Bizjournals.com published: “Here’s how much Lithia Motors paid for Honolulu Ford’s property” on January 05, 2017. More interesting news about Lithia Motors Inc (NYSE:LAD) were released by: Reuters.com and their article: “BRIEF-Lithia Motors Inc says has acquired Baierl Auto Group” published on May 01, 2017 as well as Fool.com‘s news article titled: “If Lithia Motors Is Any Indication, the Auto Industry Is Still Rolling Along” with publication date: April 24, 2017.

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