Insider Selling: Lithia Motors, Inc. (NYSE:LAD) Director Sells 5,000 Shares of Stock

Lithia Motors, Inc. (NYSE:LADGet Rating) Director Sidney B. Deboer sold 5,000 shares of Lithia Motors stock in a transaction that occurred on Tuesday, May 17th. The shares were sold at an average price of $305.00, for a total transaction of $1,525,000.00. Following the transaction, the director now directly owns 50,779 shares in the company, valued at approximately $15,487,595. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of NYSE LAD opened at $290.31 on Thursday. Lithia Motors, Inc. has a 12-month low of $272.20 and a 12-month high of $387.63. The stock’s fifty day simple moving average is $304.40 and its two-hundred day simple moving average is $304.14. The stock has a market capitalization of $8.40 billion, a PE ratio of 6.92, a price-to-earnings-growth ratio of 1.09 and a beta of 1.49. The company has a current ratio of 1.38, a quick ratio of 0.42 and a debt-to-equity ratio of 0.69.

Lithia Motors (NYSE:LADGet Rating) last released its quarterly earnings results on Wednesday, April 20th. The company reported $11.96 earnings per share for the quarter, beating analysts’ consensus estimates of $9.63 by $2.33. The business had revenue of $6.71 billion for the quarter, compared to analysts’ expectations of $6.34 billion. Lithia Motors had a net margin of 4.95% and a return on equity of 29.65%. The company’s revenue was up 54.4% compared to the same quarter last year. During the same period last year, the business earned $5.89 EPS. On average, equities analysts predict that Lithia Motors, Inc. will post 43.86 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 27th. Stockholders of record on Friday, May 13th will be paid a dividend of $0.42 per share. This is a positive change from Lithia Motors’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 0.58%. Lithia Motors’s payout ratio is presently 4.00%.

A number of equities research analysts have issued reports on LAD shares. JPMorgan Chase & Co. cut their price target on Lithia Motors from $425.00 to $380.00 and set an “overweight” rating for the company in a research note on Thursday, April 7th. Morgan Stanley reduced their price target on shares of Lithia Motors from $303.00 to $300.00 and set an “underweight” rating on the stock in a report on Tuesday, March 8th. StockNews.com initiated coverage on shares of Lithia Motors in a report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research cut Lithia Motors from a “buy” rating to a “hold” rating and set a $320.00 target price on the stock. in a report on Tuesday, April 12th. Finally, Guggenheim increased their price target on Lithia Motors from $542.00 to $578.00 and gave the company a “buy” rating in a research note on Thursday, April 21st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $416.43.

Institutional investors have recently made changes to their positions in the stock. Barrow Hanley Mewhinney & Strauss LLC grew its position in 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 worth $299,895,000 after purchasing an additional 718,639 shares during the last quarter. Norges Bank purchased a new position in Lithia Motors during the 4th quarter worth approximately $95,602,000. Royal London Asset Management Ltd. acquired a new stake in Lithia Motors during the 1st quarter valued at approximately $93,542,000. Lyrical Asset Management LP increased its stake in shares of Lithia Motors by 53.2% in the third quarter. Lyrical Asset Management LP now owns 762,691 shares of the company’s stock worth $241,804,000 after acquiring an additional 264,771 shares during the period. Finally, MFN Partners Management LP raised its holdings in shares of Lithia Motors by 43.0% during the first quarter. MFN Partners Management LP now owns 751,077 shares of the company’s stock worth $225,413,000 after purchasing an additional 225,806 shares during the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.

About Lithia Motors (Get Rating)

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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