Lithia Motors Inc. (NYSE:LAD) Director Sidney B. Deboer sold 17,600 shares of the company’s stock in a transaction on Friday, September 30th. The shares were sold at an average price of $95.00, for a total value of $1,672,000.00. Following the completion of the transaction, the director now owns 138,077 shares of the company’s stock, valued at approximately $13,117,315. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Lithia Motors Inc. (NYSE:LAD) opened at 95.52 on Friday. Lithia Motors Inc. has a 1-year low of $68.70 and a 1-year high of $126.56. The stock’s 50 day moving average price is $86.57 and its 200 day moving average price is $82.72. The company has a market cap of $2.40 billion, a P/E ratio of 13.65 and a beta of 2.13.
Lithia Motors (NYSE:LAD) last announced its quarterly earnings data on Thursday, July 28th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.03. Lithia Motors had a return on equity of 23.42% and a net margin of 2.23%. The company had revenue of $2.13 billion for the quarter, compared to analysts’ expectations of $2.18 billion. During the same quarter in the prior year, the firm earned $1.86 earnings per share. Lithia Motors’s revenue was up 6.8% compared to the same quarter last year. On average, equities analysts anticipate that Lithia Motors Inc. will post $7.65 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV boosted its position in shares of Lithia Motors by 3.6% in the first quarter. Massmutual Trust Co. FSB ADV now owns 2,387 shares of the company’s stock valued at $208,000 after buying an additional 84 shares during the period. ProShare Advisors LLC boosted its position in shares of Lithia Motors by 3.6% in the second quarter. ProShare Advisors LLC now owns 3,573 shares of the company’s stock valued at $254,000 after buying an additional 124 shares during the period. PineBridge Investments L.P. boosted its position in shares of Lithia Motors by 7.0% in the second quarter. PineBridge Investments L.P. now owns 3,022 shares of the company’s stock valued at $214,000 after buying an additional 197 shares during the period. American International Group Inc. boosted its position in shares of Lithia Motors by 1.1% in the second quarter. American International Group Inc. now owns 17,689 shares of the company’s stock valued at $1,257,000 after buying an additional 200 shares during the period. Finally, Harfst & Associates Inc. boosted its position in shares of Lithia Motors by 6.8% in the second quarter. Harfst & Associates Inc. now owns 3,760 shares of the company’s stock valued at $267,000 after buying an additional 240 shares during the period. 92.94% of the stock is currently owned by institutional investors.
LAD has been the subject of a number of recent analyst reports. Wolfe Research initiated coverage on Lithia Motors in a research note on Wednesday, August 31st. They issued an “outperform” rating for the company. Zacks Investment Research upgraded Lithia Motors from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $111.25.
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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