Lithia Motors, Inc. (NYSE:LAD – Get Free Report) Director Shauna Mcintyre sold 245 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $294.64, for a total transaction of $72,186.80. Following the sale, the director directly owned 1,846 shares of the company’s stock, valued at $543,905.44. This represents a 11.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Lithia Motors Stock Down 3.5%
LAD stock opened at $276.50 on Wednesday. The company has a quick ratio of 0.24, a current ratio of 0.99 and a debt-to-equity ratio of 1.41. Lithia Motors, Inc. has a 52 week low of $239.78 and a 52 week high of $360.55. The stock has a market capitalization of $6.31 billion, a P/E ratio of 9.71, a P/E/G ratio of 0.63 and a beta of 1.28. The firm has a 50-day simple moving average of $267.58 and a 200-day simple moving average of $301.68.
Lithia Motors (NYSE:LAD – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $7.34 EPS for the quarter, topping the consensus estimate of $7.06 by $0.28. Lithia Motors had a return on equity of 12.49% and a net margin of 1.88%.The firm had revenue of $9.27 billion during the quarter, compared to analysts’ expectations of $9.22 billion. During the same period in the previous year, the business earned $7.66 earnings per share. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. Equities analysts forecast that Lithia Motors, Inc. will post 34.44 earnings per share for the current fiscal year.
Lithia Motors Increases Dividend
Analyst Upgrades and Downgrades
Several equities analysts have commented on LAD shares. Bank of America dropped their price target on shares of Lithia Motors from $335.00 to $320.00 in a research note on Monday, April 13th. Wells Fargo & Company upped their price target on Lithia Motors from $293.00 to $305.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Barclays reduced their price objective on shares of Lithia Motors from $380.00 to $370.00 and set an “overweight” rating for the company in a research report on Tuesday, April 7th. Zacks Research raised shares of Lithia Motors from a “strong sell” rating to a “hold” rating in a report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. upped their target price on Lithia Motors from $320.00 to $325.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Lithia Motors currently has an average rating of “Moderate Buy” and an average target price of $367.22.
Check Out Our Latest Research Report on Lithia Motors
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Lithia Motors in the third quarter worth about $1,601,000. Abrams Capital Management L.P. grew its stake in Lithia Motors by 1.9% during the 3rd quarter. Abrams Capital Management L.P. now owns 2,490,534 shares of the company’s stock worth $787,009,000 after buying an additional 45,856 shares during the last quarter. Bridges Investment Management Inc. grew its position in shares of Lithia Motors by 3.0% during the third quarter. Bridges Investment Management Inc. now owns 263,157 shares of the company’s stock worth $83,158,000 after acquiring an additional 7,558 shares during the last quarter. Arkadios Wealth Advisors bought a new position in Lithia Motors in the 3rd quarter worth about $557,000. Finally, JPMorgan Chase & Co. grew its holdings in Lithia Motors by 6.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 244,598 shares of the company’s stock worth $77,295,000 after buying an additional 15,832 shares in the last quarter.
About Lithia Motors
Lithia Motors, Inc is an American automotive retailer headquartered in Medford, Oregon. Founded in 1946 as a small auto body and glass shop, the company has grown through organic expansion and strategic acquisitions to become one of the largest automotive retail networks in North America. Lithia operates dealerships across the United States and Canada, offering a broad portfolio of new and pre-owned vehicles from more than 40 different manufacturers.
The company’s core business activities include vehicle sales, financing, insurance, parts and service.
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