Lithia Motors, Inc. (NYSE:LAD) Director Sidney B. Deboer sold 13,200 shares of the company’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $97.50, for a total value of $1,287,000.00. Following the completion of the sale, the director now owns 48,668 shares in the company, valued at approximately $4,745,130. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Lithia Motors, Inc. (LAD) traded up 0.50% during midday trading on Friday, hitting $103.79. The company had a trading volume of 234,100 shares. The stock has a market cap of $2.60 billion, a PE ratio of 12.51 and a beta of 1.73. Lithia Motors, Inc. has a 52-week low of $75.85 and a 52-week high of $109.42. The stock’s 50-day moving average price is $97.87 and its 200-day moving average price is $94.06.
Lithia Motors (NYSE:LAD) last posted its quarterly earnings results on Friday, July 28th. The company reported $2.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.23 by $0.05. The business had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.45 billion. Lithia Motors had a net margin of 2.26% and a return on equity of 21.66%. Lithia Motors’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.96 earnings per share. On average, equities research analysts expect that Lithia Motors, Inc. will post $8.54 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Wednesday, August 9th. Lithia Motors’s dividend payout ratio (DPR) is 13.01%.
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Several large investors have recently bought and sold shares of LAD. DF Dent & Co. Inc. increased its stake in Lithia Motors by 0.3% in the first quarter. DF Dent & Co. Inc. now owns 4,091 shares of the company’s stock worth $350,000 after buying an additional 11 shares during the period. Texas Permanent School Fund increased its stake in shares of Lithia Motors by 0.3% in the second quarter. Texas Permanent School Fund now owns 17,359 shares of the company’s stock valued at $1,636,000 after buying an additional 47 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of Lithia Motors by 0.8% in the first quarter. Capstone Asset Management Co. now owns 7,353 shares of the company’s stock valued at $630,000 after buying an additional 55 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in shares of Lithia Motors by 0.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 13,096 shares of the company’s stock valued at $1,234,000 after buying an additional 75 shares during the last quarter. Finally, D.A. Davidson & CO. increased its stake in shares of Lithia Motors by 7.3% in the second quarter. D.A. Davidson & CO. now owns 1,104 shares of the company’s stock valued at $104,000 after buying an additional 75 shares during the last quarter. 97.34% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have issued reports on LAD. Bank of America Corporation downgraded Lithia Motors from a “neutral” rating to an “underperform” rating and set a $92.00 price target on the stock. in a research report on Friday, June 16th. Morgan Stanley reiterated an “overweight” rating and set a $116.00 price target (up previously from $106.00) on shares of Lithia Motors in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded Lithia Motors from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. BidaskClub upgraded Lithia Motors from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $115.00 target price on shares of Lithia Motors in a research report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $109.17.
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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