Lithia Motors Inc (NYSE:LAD) Director Kenneth E. Roberts sold 5,000 shares of the stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $124.00, for a total transaction of $620,000.00. Following the completion of the sale, the director now owns 110,064 shares in the company, valued at $13,647,936. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Lithia Motors Inc (NYSE:LAD) traded down $1.96 during mid-day trading on Wednesday, reaching $120.53. 229,000 shares of the company’s stock traded hands, compared to its average volume of 283,883. The company has a quick ratio of 0.26, a current ratio of 1.21 and a debt-to-equity ratio of 0.96. The firm has a market cap of $3,030.00, a P/E ratio of 14.65, a P/E/G ratio of 0.92 and a beta of 1.72. Lithia Motors Inc has a 52-week low of $80.88 and a 52-week high of $124.04.

Lithia Motors (NYSE:LAD) last announced its earnings results on Wednesday, October 25th. The company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.19). The company had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.62 billion. Lithia Motors had a return on equity of 21.02% and a net margin of 2.14%. The business’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter last year, the business posted $2.06 earnings per share. sell-side analysts forecast that Lithia Motors Inc will post 8.34 earnings per share for the current year.

A number of analysts recently weighed in on LAD shares. Zacks Investment Research upgraded shares of Lithia Motors from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. KeyCorp reiterated a “buy” rating and issued a $130.00 price target on shares of Lithia Motors in a research report on Monday, November 13th. Bank of America upgraded shares of Lithia Motors from an “underperform” rating to a “neutral” rating and set a $128.00 price target on the stock in a research report on Monday. Finally, Berenberg Bank started coverage on shares of Lithia Motors in a research report on Wednesday, October 4th. They issued a “hold” rating and a $126.00 price target on the stock. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Lithia Motors presently has an average rating of “Buy” and a consensus target price of $124.00.

A number of hedge funds have recently made changes to their positions in LAD. Victory Capital Management Inc. raised its holdings in Lithia Motors by 23.7% during the 3rd quarter. Victory Capital Management Inc. now owns 1,182,723 shares of the company’s stock worth $142,294,000 after buying an additional 226,940 shares during the period. Koch Industries Inc. acquired a new stake in Lithia Motors during the 2nd quarter worth approximately $201,000. Mesirow Financial Investment Management Equity Management acquired a new stake in Lithia Motors during the 3rd quarter worth approximately $20,620,000. JPMorgan Chase & Co. raised its holdings in Lithia Motors by 22.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 411,459 shares of the company’s stock worth $48,820,000 after buying an additional 76,601 shares during the period. Finally, Shell Asset Management Co. acquired a new stake in Lithia Motors during the 3rd quarter worth approximately $4,516,000. Hedge funds and other institutional investors own 98.47% of the company’s stock.

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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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