Lithia Motors (NYSE:LAD – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $8.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.60 by $0.61, Briefing.com reports. The firm had revenue of $9.22 billion during the quarter, compared to analyst estimates of $9.46 billion. Lithia Motors had a net margin of 2.52% and a return on equity of 13.84%. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $9.25 earnings per share.
Lithia Motors Trading Up 0.0 %
LAD stock traded up $0.01 during trading on Thursday, hitting $335.32. The company had a trading volume of 450,299 shares, compared to its average volume of 256,718. The stock has a market cap of $9.19 billion, a price-to-earnings ratio of 9.90, a PEG ratio of 0.30 and a beta of 1.64. The company has a quick ratio of 0.30, a current ratio of 1.19 and a debt-to-equity ratio of 1.26. Lithia Motors has a 12 month low of $231.36 and a 12 month high of $341.84. The firm has a 50-day moving average price of $299.06 and a 200-day moving average price of $274.82.
Lithia Motors Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 8th will be issued a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date is Friday, November 8th. Lithia Motors’s dividend payout ratio is currently 6.26%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Analysis on LAD
Insider Transactions at Lithia Motors
In related news, Director Shauna Mcintyre sold 306 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $289.65, for a total value of $88,632.90. Following the transaction, the director now directly owns 1,922 shares in the company, valued at $556,707.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Sidney B. Deboer sold 11,938 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $290.86, for a total transaction of $3,472,286.68. Following the completion of the transaction, the director now directly owns 46,129 shares in the company, valued at approximately $13,417,080.94. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Shauna Mcintyre sold 306 shares of the stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $289.65, for a total transaction of $88,632.90. Following the completion of the sale, the director now owns 1,922 shares in the company, valued at $556,707.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,021 shares of company stock worth $6,534,617 in the last quarter. 1.79% of the stock is owned by company 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.
Featured Stories
- Five stocks we like better than Lithia Motors
- What Are Dividends? Buy the Best Dividend Stocks
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- Unveiling The Power Of VWAP: A Key Indicator For Traders
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- Tesla Stock: Buy the Dips, Sell the Rips
Receive News & Ratings for Lithia Motors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lithia Motors and related companies with MarketBeat.com's FREE daily email newsletter.