Lithia Motors, Inc. (NYSE:LAD) Director Sells $36,659.25 in Stock

Lithia Motors, Inc. (NYSE:LADGet Rating) Director Shauna Mcintyre sold 135 shares of the stock in a transaction on Friday, August 5th. The shares were sold at an average price of $271.55, for a total value of $36,659.25. Following the transaction, the director now directly owns 2,019 shares of the company’s stock, valued at $548,259.45. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Lithia Motors Stock Up 1.1 %

Shares of LAD traded up $3.04 during mid-day trading on Friday, reaching $272.49. The company’s stock had a trading volume of 198,586 shares, compared to its average volume of 347,652. The business has a fifty day moving average of $281.17 and a 200 day moving average of $297.25. The company has a market cap of $7.88 billion, a price-to-earnings ratio of 6.29, a price-to-earnings-growth ratio of 0.91 and a beta of 1.37. Lithia Motors, Inc. has a 1 year low of $249.20 and a 1 year high of $379.25. The company has a quick ratio of 0.45, a current ratio of 1.59 and a debt-to-equity ratio of 1.01.

Lithia Motors (NYSE:LADGet Rating) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $12.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $12.22 by ($0.04). Lithia Motors had a return on equity of 29.61% and a net margin of 4.82%. The firm had revenue of $7.24 billion for the quarter, compared to analysts’ expectations of $7.22 billion. During the same quarter in the prior year, the business posted $11.12 earnings per share. Lithia Motors’s revenue was up 20.5% on a year-over-year basis. As a group, analysts forecast that Lithia Motors, Inc. will post 47.83 earnings per share for the current fiscal year.

Lithia Motors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, August 12th will be issued a dividend of $0.42 per share. The ex-dividend date is Thursday, August 11th. This represents a $1.68 annualized dividend and a dividend yield of 0.62%. Lithia Motors’s dividend payout ratio is 3.92%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Guggenheim increased their price objective on Lithia Motors from $542.00 to $578.00 and gave the company a “buy” rating in a research report on Thursday, April 21st. JPMorgan Chase & Co. cut their price objective on Lithia Motors from $380.00 to $325.00 in a research report on Friday, July 15th. Morgan Stanley cut their price objective on Lithia Motors from $260.00 to $220.00 and set an “underweight” rating for the company in a research report on Thursday, July 14th. StockNews.com downgraded Lithia Motors from a “buy” rating to a “hold” rating in a research report on Saturday, July 23rd. Finally, Wells Fargo & Company cut their price objective on Lithia Motors from $350.00 to $348.00 and set an “overweight” rating for the company in a research report on Thursday, July 14th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Lithia Motors has a consensus rating of “Moderate Buy” and an average target price of $367.75.

Institutional Investors Weigh In On Lithia Motors

Several institutional investors have recently made changes to their positions in the company. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Lithia Motors by 246.7% during the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,009,919 shares of the company’s stock valued at $299,895,000 after buying an additional 718,639 shares during the last quarter. Southpoint Capital Advisors LP lifted its holdings in shares of Lithia Motors by 7.6% during the 4th quarter. Southpoint Capital Advisors LP now owns 850,000 shares of the company’s stock valued at $252,408,000 after buying an additional 60,000 shares during the last quarter. State Street Corp lifted its holdings in shares of Lithia Motors by 3.8% during the 1st quarter. State Street Corp now owns 807,874 shares of the company’s stock valued at $242,459,000 after buying an additional 29,352 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Lithia Motors by 2.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 772,518 shares of the company’s stock valued at $231,877,000 after buying an additional 16,902 shares during the last quarter. Finally, MFN Partners Management LP lifted its holdings in shares of Lithia Motors by 43.0% during the 1st quarter. MFN Partners Management LP now owns 751,077 shares of the company’s stock valued at $225,413,000 after buying an additional 225,806 shares during the last quarter. 92.83% of the stock is currently owned by institutional investors and hedge funds.

About Lithia Motors

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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 under the Driveway and GreenCars brand names.

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

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