Merrill Lynch analyst John Murphy maintained a Hold rating on Lithia Motors (NYSE:LAD) on Tuesday, setting a price target of $310, which is approximately 16.55% above the present share price of $265.97.
Murphy expects Lithia Motors to post earnings per share (EPS) of $6.95 for the fourth quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Lithia Motors, with an average price target of $313.
The analysts price targets range from a high of $350 to a low of $270.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $3.62 billion and a net profit of $239.4 million. The company's market cap is $7.05 billion.
According to TipRanks.com, Merrill Lynch analyst John Murphy is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 5.9% and a 61.36% success rate.
Lithia Motors, Inc. engages in the operation of automotive franchises and retail of new and used vehicles. It operates through the following segments: Domestic, Import and Luxury. The Domestic segment comprises of retail automotive franchises that sell new vehicles manufactured by Chrysler, General Motors (NYSE:GM), and Ford. The Import segment composes of automotive franchises that sell new vehicles manufactured by Honda, Toyota, Subaru (OTC:FUJHY), Nissan (OTC:NSANY), and Volkswagen (DE:VOWG_p). The Luxury segment includes retail automotive franchises that sell new vehicles manufactured by BMW, Mercedes-Benz, and Lexus. The company was founded by Walt DeBoer and Sidney B. DeBoer in 1946 and is headquartered in Medford, OR.