Lithia Motors Inc. (LAD) Director Sidney B. Deboer Sells 17,600 Shares
Lithia Motors Inc. (NYSE:LAD) Director Sidney B. Deboer sold 17,600 shares of the company’s stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $97.00, for a total value of $1,707,200.00. Following the transaction, the director now owns 109,277 shares of the company’s stock, valued at $10,599,869. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Lithia Motors Inc. (NYSE:LAD) opened at 94.72 on Friday. The firm has a 50-day moving average price of $88.15 and a 200-day moving average price of $82.87. The company has a market capitalization of $2.38 billion, a PE ratio of 13.54 and a beta of 1.97. Lithia Motors Inc. has a 12 month low of $68.70 and a 12 month high of $126.56.
Lithia Motors (NYSE:LAD) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.96 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.93 by $0.03. The firm earned $2.13 billion during the quarter, compared to the consensus estimate of $2.18 billion. Lithia Motors had a return on equity of 23.42% and a net margin of 2.23%. The business’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company earned $1.86 earnings per share. On average, equities research analysts predict that Lithia Motors Inc. will post $7.65 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in Lithia Motors by 124.5% in the first quarter. BlackRock Inc. now owns 1,542 shares of the company’s stock worth $135,000 after buying an additional 855 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of Lithia Motors during the second quarter valued at approximately $199,000. Massmutual Trust Co. FSB ADV increased its position in shares of Lithia Motors by 3.6% in the first quarter. Massmutual Trust Co. FSB ADV now owns 2,387 shares of the company’s stock valued at $208,000 after buying an additional 84 shares in the last quarter. PineBridge Investments L.P. increased its position in shares of Lithia Motors by 7.0% in the second quarter. PineBridge Investments L.P. now owns 3,022 shares of the company’s stock valued at $214,000 after buying an additional 197 shares in the last quarter. Finally, Zweig DiMenna Associates LLC acquired a new position in shares of Lithia Motors during the second quarter valued at approximately $220,000. Hedge funds and other institutional investors own 92.94% of the company’s stock.
A number of research analysts recently commented on LAD shares. Wolfe Research started coverage on Lithia Motors in a research note on Wednesday, August 31st. They issued an “outperform” rating for the company. Zacks Investment Research upgraded Lithia Motors from a “hold” rating to a “buy” rating and set a $105.00 target price for the company in a research note on Tuesday. Five equities research analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and an average price target of $110.50.
Lithia Motors Company Profile
Lithia Motors, Inc is an operator of automotive franchises and a retailer of new and used vehicles and services. The Company operates in three segments: Domestic, Import and Luxury. Its Domestic segment consists of retail automotive franchises that sell new vehicles of Chrysler, General Motors and Ford.
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