Lithia Motors Inc (LAD) Director Kenneth E. Roberts Sells 5,000 Shares

Lithia Motors Inc (NYSE:LAD) Director Kenneth E. Roberts sold 5,000 shares of the firm’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $124.00, for a total transaction of $620,000.00. Following the sale, the director now owns 110,064 shares of the company’s stock, valued at $13,647,936. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Lithia Motors Inc (NYSE:LAD) traded up $0.05 on Thursday, hitting $120.58. 179,400 shares of the company’s stock were exchanged, compared to its average volume of 268,957. Lithia Motors Inc has a 1-year low of $80.88 and a 1-year high of $124.04. The firm has a market capitalization of $3,010.00, a PE ratio of 14.65, a PEG ratio of 0.92 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 quarterly earnings results on Wednesday, October 25th. The company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.19). Lithia Motors had a net margin of 2.14% and a return on equity of 21.02%. The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the prior year, the business earned $2.06 earnings per share. Lithia Motors’s revenue was up 18.7% on a year-over-year basis. equities analysts forecast that Lithia Motors Inc will post 8.34 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in LAD. Schwab Charles Investment Management Inc. increased its position in shares of Lithia Motors by 9.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 152,080 shares of the company’s stock valued at $14,331,000 after acquiring an additional 13,669 shares during the last quarter. Legal & General Group Plc increased its position in shares of Lithia Motors by 9.4% during the second quarter. Legal & General Group Plc now owns 47,328 shares of the company’s stock valued at $4,456,000 after acquiring an additional 4,076 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Lithia Motors by 11.5% during the second quarter. Prudential Financial Inc. now owns 88,111 shares of the company’s stock valued at $8,302,000 after acquiring an additional 9,082 shares during the last quarter. Pacer Advisors Inc. acquired a new stake in shares of Lithia Motors during the second quarter valued at about $216,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Lithia Motors by 9.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,198 shares of the company’s stock valued at $113,000 after acquiring an additional 105 shares during the last quarter. Institutional investors and hedge funds own 98.47% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Lithia Motors from a “hold” rating to a “strong-buy” rating and set a $139.00 price objective for the company in a research report on Wednesday. Bank of America upgraded shares of Lithia Motors from an “underperform” rating to a “neutral” rating and set a $128.00 price objective for the company in a research report on Monday. KeyCorp restated a “buy” rating and set a $130.00 price objective on shares of Lithia Motors in a research report on Monday, November 13th. Finally, Berenberg Bank assumed coverage on shares of Lithia Motors in a research report on Wednesday, October 4th. They set a “hold” rating and a $126.00 price objective for the company. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average 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.

Insider Buying and Selling by Quarter for Lithia Motors (NYSE:LAD)

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