Lithia Motors Inc (NYSE:LAD) Director Kenneth E. Roberts sold 5,000 shares of the firm’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $124.00, for a total value of $620,000.00. Following the transaction, the director now directly owns 110,064 shares in the company, valued at $13,647,936. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Lithia Motors Inc (NYSE LAD) opened at $124.48 on Friday. Lithia Motors Inc has a 52 week low of $80.88 and a 52 week high of $124.96. The firm has a market capitalization of $3,070.08, a PE ratio of 15.13, a P/E/G ratio of 0.64 and a beta of 1.72. The company has a current ratio of 1.21, a quick ratio of 0.26 and a debt-to-equity ratio of 0.96.
Lithia Motors (NYSE:LAD) last announced its earnings results on Wednesday, October 25th. The company reported $2.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.37 by ($0.19). Lithia Motors had a net margin of 2.14% and a return on equity of 21.02%. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the prior year, the business earned $2.06 EPS. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. equities analysts forecast that Lithia Motors Inc will post 8.34 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in the stock. Parametric Portfolio Associates LLC boosted its stake in Lithia Motors by 35.9% during the third quarter. Parametric Portfolio Associates LLC now owns 126,213 shares of the company’s stock valued at $15,185,000 after buying an additional 33,369 shares in the last quarter. GSA Capital Partners LLP bought a new position in Lithia Motors during the third quarter valued at about $773,000. DF Dent & Co. Inc. boosted its stake in Lithia Motors by 38.5% during the third quarter. DF Dent & Co. Inc. now owns 9,765 shares of the company’s stock valued at $1,175,000 after buying an additional 2,714 shares in the last quarter. California Public Employees Retirement System boosted its stake in Lithia Motors by 5.4% during the third quarter. California Public Employees Retirement System now owns 30,032 shares of the company’s stock valued at $3,613,000 after buying an additional 1,532 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Lithia Motors during the third quarter valued at about $507,000. 98.47% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently commented on LAD. Bank of America raised Lithia Motors from an “underperform” rating to a “neutral” rating and set a $128.00 price target on the stock in a report on Monday, January 8th. Zacks Investment Research raised Lithia Motors from a “hold” rating to a “strong-buy” rating and set a $139.00 price target on the stock in a report on Wednesday. KeyCorp reissued a “buy” rating and set a $130.00 price target (up from $119.00) on shares of Lithia Motors in a report on Wednesday, October 4th. Finally, Berenberg Bank began coverage on Lithia Motors in a report on Wednesday, October 4th. They set a “hold” rating and a $126.00 price target on the stock. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Lithia Motors currently has a consensus rating of “Buy” and a consensus target price of $124.00.
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Lithia Motors Company Profile
Lithia Motors, Inc is an operator of automotive franchises and a retailer of new and used vehicles and related services. As of February 28, 2017, it offered 30 brands of new vehicles and all brands of used vehicles in 154 stores in the United States and online at Lithia.com, DCHauto.com and CarboneCars.com.
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