Lithia Motors Inc. (NYSE:LAD) Director Sidney B. Deboer sold 17,600 shares of Lithia Motors stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $97.00, for a total value of $1,707,200.00. Following the transaction, the director now owns 109,277 shares of the company’s stock, valued at $10,599,869. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of Lithia Motors Inc. (NYSE:LAD) opened at 94.72 on Friday. The company’s 50-day moving average price is $88.15 and its 200 day moving average price is $82.87. The firm has a market capitalization of $2.38 billion, a PE ratio of 13.54 and a beta of 1.97. Lithia Motors Inc. has a 12-month low of $68.70 and a 12-month high of $126.56.
Lithia Motors (NYSE:LAD) last issued its quarterly earnings data on Thursday, July 28th. The company reported $1.96 EPS for the quarter, topping the consensus estimate of $1.93 by $0.03. The firm earned $2.13 billion during the quarter, compared to the consensus estimate of $2.18 billion. Lithia Motors had a return on equity of 23.42% and a net margin of 2.23%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.86 earnings per share. On average, equities analysts forecast that Lithia Motors Inc. will post $7.65 earnings per share for the current year.
Several research analysts have recently commented on the company. Zacks Investment Research upgraded Lithia Motors from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research note on Tuesday. Wolfe Research assumed coverage on Lithia Motors in a research note on Wednesday, August 31st. They set an “outperform” rating for the company. Five equities research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average target price of $110.50.
Hedge funds have recently modified their holdings of the company. HBK Investments L P increased its stake in shares of Lithia Motors by 1,447.8% in the first quarter. HBK Investments L P now owns 35,600 shares of the company’s stock valued at $3,109,000 after buying an additional 33,300 shares during the period. Geode Capital Management LLC increased its stake in shares of Lithia Motors by 4.9% in the first quarter. Geode Capital Management LLC now owns 149,455 shares of the company’s stock valued at $13,051,000 after buying an additional 6,986 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Lithia Motors by 2.3% in the first quarter. Goldman Sachs Group Inc. now owns 717,005 shares of the company’s stock valued at $62,616,000 after buying an additional 15,930 shares during the period. State Street Corp increased its stake in shares of Lithia Motors by 4.0% in the first quarter. State Street Corp now owns 553,877 shares of the company’s stock valued at $48,369,000 after buying an additional 21,468 shares during the period. Finally, TimesSquare Capital Management LLC increased its stake in shares of Lithia Motors by 15.4% in the first quarter. TimesSquare Capital Management LLC now owns 429,201 shares of the company’s stock valued at $37,482,000 after buying an additional 57,220 shares during the period. 92.94% of the stock is owned by hedge funds and other institutional investors.
Lithia Motors Company Profile
Lithia Motors, Inc is an operator of automotive franchises and a retailer of new and used vehicles and services. The Company operates in three segments: Domestic, Import and Luxury. Its Domestic segment consists of retail automotive franchises that sell new vehicles of Chrysler, General Motors and Ford.
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