Park West Asset Management LLC grew its holdings in Lithia Motors Inc (NYSE:LAD) by 22.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 957,565 shares of the company’s stock after purchasing an additional 175,400 shares during the quarter. Lithia Motors makes up 4.3% of Park West Asset Management LLC’s portfolio, making the stock its 5th biggest position. Park West Asset Management LLC owned 3.84% of Lithia Motors worth $96,254,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of LAD. SG Americas Securities LLC bought a new position in shares of Lithia Motors during the 1st quarter worth approximately $153,000. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Lithia Motors by 142.7% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,648 shares of the company’s stock worth $188,000 after acquiring an additional 969 shares in the last quarter. Stone Ridge Asset Management LLC bought a new position in shares of Lithia Motors during the 4th quarter worth approximately $203,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Lithia Motors during the 1st quarter worth approximately $240,000. Finally, Miles Capital Inc. bought a new position in shares of Lithia Motors during the 1st quarter worth approximately $264,000. Institutional investors and hedge funds own 99.88% of the company’s stock.

In other news, Director Sidney B. Deboer sold 5,467 shares of the company’s stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $98.50, for a total value of $538,499.50. Following the sale, the director now directly owns 1,028 shares of the company’s stock, valued at approximately $101,258. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sidney B. Deboer sold 30,000 shares of the company’s stock in a transaction on Wednesday, June 6th. The shares were sold at an average price of $99.75, for a total transaction of $2,992,500.00. Following the completion of the sale, the director now directly owns 1,028 shares in the company, valued at $102,543. The disclosure for this sale can be found here. Insiders sold a total of 91,137 shares of company stock worth $9,068,480 over the last ninety days. Insiders own 5.95% of the company’s stock.

Several research analysts recently commented on the stock. Buckingham Research reduced their price objective on shares of Lithia Motors from $137.00 to $131.00 and set a “buy” rating for the company in a research note on Thursday, February 15th. Stephens reiterated a “buy” rating on shares of Lithia Motors in a research note on Thursday, February 15th. Zacks Investment Research lowered shares of Lithia Motors from a “buy” rating to a “hold” rating in a research note on Monday, March 12th. Morgan Stanley boosted their price objective on shares of Lithia Motors from $116.00 to $126.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 14th. Finally, Guggenheim assumed coverage on shares of Lithia Motors in a research note on Monday, April 16th. They set a “neutral” rating for the company. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $125.14.

NYSE:LAD opened at $100.80 on Thursday. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 12.01, a P/E/G ratio of 0.57 and a beta of 1.72. The company has a current ratio of 1.19, a quick ratio of 0.24 and a debt-to-equity ratio of 1.05. Lithia Motors Inc has a twelve month low of $86.05 and a twelve month high of $127.99.

Lithia Motors (NYSE:LAD) last released its quarterly earnings data on Wednesday, April 25th. The company reported $2.07 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.23). The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.73 billion. Lithia Motors had a net margin of 2.34% and a return on equity of 20.61%. The firm’s revenue was up 18.9% on a year-over-year basis. During the same period last year, the company earned $1.78 earnings per share. equities research analysts expect that Lithia Motors Inc will post 10.58 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 25th. Stockholders of record on Friday, May 11th were issued a $0.29 dividend. This is an increase from Lithia Motors’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, May 10th. Lithia Motors’s dividend payout ratio is 13.83%.

Lithia Motors Profile

Lithia Motors, Inc operates automotive franchises, and retails new and used vehicles in the United States. The company operates in three segments: Domestic, Import, and Luxury. It sells new and used cars, replacement parts, vehicle service contracts, vehicle protection products, and credit insurance products; provides vehicle maintenance, warranty, paint, and repair services; and arranges related financing.

Institutional Ownership by Quarter for Lithia Motors (NYSE:LAD)

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