Lithia Motors, Inc. (NYSE:LAD) Director Sidney B. Deboer sold 3,051 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $113.25, for a total transaction of $345,525.75. Following the completion of the sale, the director now directly owns 433 shares in the company, valued at $49,037.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Lithia Motors, Inc. (LAD) traded down $0.70 during mid-day trading on Friday, reaching $114.01. 107,900 shares of the company’s stock were exchanged, compared to its average volume of 269,329. The firm has a market capitalization of $2,845.46, a PE ratio of 14.07, a price-to-earnings-growth ratio of 0.97 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, Inc. has a 1 year low of $80.88 and a 1 year high of $123.50.

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). The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.62 billion. Lithia Motors had a net margin of 2.14% and a return on equity of 21.02%. The company’s quarterly revenue was up 18.7% on a year-over-year basis. During the same period last year, the firm earned $2.06 earnings per share. research analysts anticipate that Lithia Motors, Inc. will post 8.33 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 10th will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, November 9th. This represents a $1.08 dividend on an annualized basis and a yield of 0.95%. Lithia Motors’s dividend payout ratio (DPR) is 13.12%.

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Several equities research analysts recently issued reports on the stock. KeyCorp reissued a “buy” rating and issued a $130.00 target price (up from $119.00) on shares of Lithia Motors in a research report on Wednesday, October 4th. Zacks Investment Research cut shares of Lithia Motors from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Berenberg Bank assumed coverage on shares of Lithia Motors in a research report on Wednesday, October 4th. They issued a “hold” rating and a $126.00 target price on the stock. Jefferies Group LLC reissued a “buy” rating and issued a $125.00 target price on shares of Lithia Motors in a research report on Thursday, August 3rd. Finally, Morgan Stanley reissued an “overweight” rating and issued a $116.00 target price (up from $106.00) on shares of Lithia Motors in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $116.29.

Hedge funds have recently made changes to their positions in the business. Koch Industries Inc. acquired a new position in Lithia Motors during the second quarter valued at approximately $201,000. Copeland Capital Management LLC lifted its position in Lithia Motors by 1.4% during the third quarter. Copeland Capital Management LLC now owns 164,869 shares of the company’s stock valued at $19,835,000 after buying an additional 2,204 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in Lithia Motors during the second quarter valued at approximately $484,000. Northern Trust Corp lifted its position in Lithia Motors by 2.7% during the second quarter. Northern Trust Corp now owns 322,984 shares of the company’s stock valued at $30,436,000 after buying an additional 8,352 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Lithia Motors by 2.8% during the second quarter. Vanguard Group Inc. now owns 2,097,189 shares of the company’s stock valued at $197,618,000 after buying an additional 56,888 shares in the last quarter. 98.47% of the stock is currently owned by hedge funds and other institutional investors.

About Lithia Motors

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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