The board of directors has approved an enhancement of the company's quarterly dividend. The dividend has been increased to 55 cents per share, marking a 4% rise compared to previous distributions. This increase reflects the company's strong performance in the first quarter.
The payment is scheduled for May 23 and will be distributed to shareholders who are registered as of May 9. This decision underscores the company's commitment to returning value to its shareholders through consistent dividend payouts.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 13 analysts, the average target price for Lithia Motors Inc (LAD, Financial) is $423.77 with a high estimate of $500.00 and a low estimate of $310.00. The average target implies an upside of 43.43% from the current price of $295.45. More detailed estimate data can be found on the Lithia Motors Inc (LAD) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, Lithia Motors Inc's (LAD, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Lithia Motors Inc (LAD, Financial) in one year is $392.44, suggesting a upside of 32.83% from the current price of $295.45. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Lithia Motors Inc (LAD) Summary page.
