Geode Capital Management LLC Decreases Holdings in Lithia Motors, Inc. $LAD

Posted by Brian Himes on Jun 4th, 2026

Geode Capital Management LLC cut its stake in shares of Lithia Motors, Inc. (NYSE:LAD – Free Report) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 467,787 shares of the company’s stock after selling 19,016 shares during the period. Geode Capital Management LLC’s holdings in Lithia Motors were worth $155,489,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LAD. Northwestern Mutual Wealth Management Co. increased its stake in shares of Lithia Motors by 1,062.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,070 shares of the company’s stock worth $3,679,000 after purchasing an additional 10,118 shares in the last quarter. Abrams Capital Management L.P. increased its stake in shares of Lithia Motors by 1.9% in the 3rd quarter. Abrams Capital Management L.P. now owns 2,490,534 shares of the company’s stock worth $787,009,000 after purchasing an additional 45,856 shares in the last quarter. Tabor Asset Management LP purchased a new stake in shares of Lithia Motors in the 3rd quarter worth $1,722,000. Life Cycle Investment Partners Ltd purchased a new stake in shares of Lithia Motors in the 4th quarter worth $58,409,000. Finally, Natixis Advisors LLC increased its stake in shares of Lithia Motors by 12.9% in the 3rd quarter. Natixis Advisors LLC now owns 142,276 shares of the company’s stock worth $44,959,000 after purchasing an additional 16,226 shares in the last quarter.

Lithia Motors Trading Down 1.5%

Shares of Lithia Motors stock opened at $290.95 on Thursday. The company has a market capitalization of $6.64 billion, a P/E ratio of 10.22, a P/E/G ratio of 0.65 and a beta of 1.26. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.24 and a current ratio of 0.99. The company has a fifty day moving average of $274.13 and a 200 day moving average of $298.51. Lithia Motors, Inc. has a fifty-two week low of $239.78 and a fifty-two week high of $360.55.

Lithia Motors (NYSE:LAD – Get Free Report) last issued its earnings results on Wednesday, April 29th. The company reported $7.34 earnings per share for the quarter, topping the consensus estimate of $7.06 by $0.28. The company had revenue of $9.27 billion during the quarter, compared to the consensus estimate of $9.22 billion. Lithia Motors had a net margin of 1.88% and a return on equity of 12.49%. Lithia Motors’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.66 EPS. On average, sell-side analysts anticipate that Lithia Motors, Inc. will post 34.37 earnings per share for the current fiscal year.

Lithia Motors Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were issued a $0.57 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a $2.28 annualized dividend and a yield of 0.8%. This is an increase from Lithia Motors’s previous quarterly dividend of $0.55. Lithia Motors’s payout ratio is currently 8.01%.

Lithia Motors announced that its board has approved a share repurchase program on Tuesday, May 26th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 7.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on LAD shares. UBS Group started coverage on Lithia Motors in a research note on Wednesday, May 27th. They issued a “buy” rating and a $348.00 price objective for the company. Citigroup upped their price objective on Lithia Motors from $326.00 to $365.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Bank of America reduced their price objective on Lithia Motors from $335.00 to $320.00 in a research note on Monday, April 13th. JPMorgan Chase & Co. upped their price objective on Lithia Motors from $320.00 to $325.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Finally, Wells Fargo & Company upped their price objective 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. Seven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $368.11.

Get Our Latest Stock Analysis on Lithia Motors

Insider Buying and Selling at Lithia Motors

In related news, Director Richard J. Bailey, Jr. sold 297 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $280.57, for a total value of $83,329.29. Following the completion of the transaction, the director owned 760 shares of the company’s stock, valued at approximately $213,233.20. This represents a 28.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Shauna Mcintyre sold 245 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $294.64, for a total transaction of $72,186.80. Following the completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 617 shares of company stock valued at $174,966 in the last ninety days. 1.08% of the stock is currently owned by insiders.

Lithia Motors Profile

(Free Report)

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.