Lithia Motors, Inc. (NYSE:LAD) SVP Sells $2,063,625.00 in Stock

Lithia Motors, Inc. (NYSE:LAD) SVP Scott Hillier sold 5,503 shares of Lithia Motors stock in a transaction on Monday, February 22nd. The stock was sold at an average price of $375.00, for a total transaction of $2,063,625.00. Following the transaction, the senior vice president now directly owns 65,596 shares of the company’s stock, valued at approximately $24,598,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Scott Hillier also recently made the following trade(s):

  • On Wednesday, December 9th, Scott Hillier sold 4,555 shares of Lithia Motors stock. The shares were sold at an average price of $290.37, for a total transaction of $1,322,635.35.

Lithia Motors stock opened at $370.74 on Tuesday. The firm has a market capitalization of $9.83 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 0.72 and a beta of 1.88. The firm’s fifty day moving average price is $340.77 and its two-hundred day moving average price is $282.86. Lithia Motors, Inc. has a 1-year low of $55.74 and a 1-year high of $392.60. The company has a current ratio of 1.24, a quick ratio of 0.28 and a debt-to-equity ratio of 1.06.

Lithia Motors (NYSE:LAD) last posted its earnings results on Wednesday, February 3rd. The company reported $5.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $5.05 by $0.41. The company had revenue of $3.94 billion for the quarter, compared to analyst estimates of $3.90 billion. Lithia Motors had a net margin of 2.82% and a return on equity of 23.52%. The firm’s revenue was up 20.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.95 EPS. On average, research analysts forecast that Lithia Motors, Inc. will post 17.76 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 26th. Stockholders of record on Friday, March 12th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Thursday, March 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.33%. Lithia Motors’s dividend payout ratio is presently 10.54%.

Several large investors have recently made changes to their positions in LAD. Addison Advisors LLC bought a new stake in Lithia Motors during the fourth quarter worth $29,000. Paces Ferry Wealth Advisors LLC purchased a new position in Lithia Motors during the 3rd quarter worth $31,000. Financial Management Professionals Inc. bought a new stake in shares of Lithia Motors in the 3rd quarter worth $36,000. NEXT Financial Group Inc bought a new stake in shares of Lithia Motors in the 3rd quarter worth $50,000. Finally, Charter Oak Capital Management LLC purchased a new stake in shares of Lithia Motors in the fourth quarter valued at about $51,000. 83.40% of the stock is currently owned by institutional investors.

Several research analysts have recently weighed in on the company. Morgan Stanley lowered Lithia Motors from an “equal weight” rating to an “underweight” rating and set a $310.00 price objective for the company. in a research report on Wednesday, February 10th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on Lithia Motors in a report on Wednesday, December 9th. They issued a “neutral” rating and a $320.00 target price for the company. Craig Hallum boosted their price target on Lithia Motors from $350.00 to $450.00 and gave the company a “buy” rating in a research note on Thursday, February 4th. Smith Barney Citigroup assumed coverage on shares of Lithia Motors in a research report on Wednesday, December 9th. They set a “neutral” rating and a $320.00 price objective for the company. Finally, Bank of America boosted their target price on shares of Lithia Motors from $300.00 to $310.00 and gave the company a “neutral” rating in a research report on Tuesday, November 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $303.75.

About Lithia Motors

Lithia Motors, Inc operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Luxury. It offers new and used vehicles; vehicle financing services; warranties, insurance contracts, and vehicle and theft protection services; and automotive repair and maintenance services, as well as sells vehicle body and parts.

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

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