Lithia Motors, Inc. (LAD) Director Sells $105,640.00 in Stock

Lithia Motors, Inc. (NYSE:LAD) Director Susan O. Cain sold 1,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $105.64, for a total value of $105,640.00. Following the completion of the transaction, the director now directly owns 12,242 shares of the company’s stock, valued at approximately $1,293,244.88. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Lithia Motors, Inc. (LAD) opened at 102.76 on Friday. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 12.39 and a beta of 1.73. The stock has a 50 day moving average price of $99.60 and a 200-day moving average price of $94.11. Lithia Motors, Inc. has a 52-week low of $75.85 and a 52-week high of $109.42.

Lithia Motors (NYSE:LAD) last posted its quarterly earnings results on Friday, July 28th. The company reported $2.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.23 by $0.05. Lithia Motors had a net margin of 2.26% and a return on equity of 21.66%. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.45 billion. During the same period last year, the firm earned $1.96 EPS. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. On average, equities research analysts predict that Lithia Motors, Inc. will post $8.62 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 11th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, August 9th. This represents a $1.08 annualized dividend and a dividend yield of 1.05%. Lithia Motors’s dividend payout ratio is currently 13.01%.

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Several hedge funds and other institutional investors have recently modified their holdings of LAD. DF Dent & Co. Inc. increased its position in shares of Lithia Motors by 0.3% in the first quarter. DF Dent & Co. Inc. now owns 4,091 shares of the company’s stock valued at $350,000 after buying an additional 11 shares in the last quarter. Texas Permanent School Fund increased its position 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 in the last quarter. Capstone Asset Management Co. increased its position 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 in the last quarter. Oppenheimer Asset Management Inc. increased its position 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 in the last quarter. Finally, D.A. Davidson & CO. increased its position 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 in the last quarter. Hedge funds and other institutional investors own 99.45% of the company’s stock.

LAD has been the subject of several research reports. Zacks Investment Research upgraded Lithia Motors from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a research note on Tuesday, April 25th. Morgan Stanley cut their price objective on Lithia Motors from $115.00 to $106.00 and set an “overweight” rating for the company in a research note on Friday, June 9th. Seaport Global Securities initiated coverage on Lithia Motors in a research note on Wednesday, June 14th. They set a “neutral” rating for the company. Bank of America Corporation lowered Lithia Motors from a “neutral” rating to an “underperform” rating and set a $92.00 price objective for the company. in a research note on Friday, June 16th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $115.00 price objective on shares of Lithia Motors in a research note 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. The stock currently 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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