Trading Report: The 17,600 Shares of Stock are sold by Lithia Motors Inc. (LAD) Director Sidney B. Deboer

The 17,600 Shares of Stock are sold by Lithia Motors Inc. (LAD) Director Sidney B. Deboer

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

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