Lithia Motors Inc. (NYSE:LAD) Director Sidney B. Deboer sold 17,600 shares of the firm’s stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $97.00, for a total transaction of $1,707,200.00. Following the completion of the sale, the director now owns 109,277 shares of the company’s stock, valued at approximately $10,599,869. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Lithia Motors Inc. (NYSE:LAD) opened at 94.72 on Friday. Lithia Motors Inc. has a 1-year low of $68.70 and a 1-year high of $126.56. The company has a 50-day moving average of $88.15 and a 200 day moving average of $82.87. The stock has a market cap of $2.38 billion, a P/E ratio of 13.54 and a beta of 1.97.
Lithia Motors (NYSE:LAD) last released its earnings results on Thursday, July 28th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.03. Lithia Motors had a net margin of 2.23% and a return on equity of 23.42%. The business earned $2.13 billion during the quarter, compared to analyst estimates of $2.18 billion. During the same quarter in the prior year, the firm earned $1.86 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. Analysts predict that Lithia Motors Inc. will post $7.65 EPS for the current year.
Several large investors have recently added to or reduced their stakes in the company. Mason Street Advisors LLC acquired a new stake in Lithia Motors during the second quarter worth about $331,000. Harbour Capital Advisors LLC acquired a new stake in Lithia Motors during the second quarter worth about $537,000. Schwab Charles Investment Management Inc. raised its stake in Lithia Motors by 7.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 107,350 shares of the company’s stock worth $7,630,000 after buying an additional 7,427 shares during the last quarter. Stifel Financial Corp raised its stake in Lithia Motors by 4.5% in the second quarter. Stifel Financial Corp now owns 43,299 shares of the company’s stock worth $3,076,000 after buying an additional 1,867 shares during the last quarter. Finally, Pine River Capital Management L.P. raised its stake in Lithia Motors by 88.0% in the second quarter. Pine River Capital Management L.P. now owns 47,000 shares of the company’s stock worth $3,340,000 after buying an additional 22,000 shares during the last quarter. 92.94% of the stock is owned by institutional investors and hedge funds.
Several research firms recently commented on LAD. Zacks Investment Research raised shares of Lithia Motors from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. Wolfe Research began coverage on shares of Lithia Motors in a research note on Wednesday, August 31st. They issued an “outperform” rating on the stock. Five equities research analysts have rated the stock with a buy rating, Lithia Motors presently has a consensus rating of “Buy” and an average price target of $110.50.
Lithia Motors Company Profile